Years ago my father invested in what I call 'moose pasture stocks'-companies that go out in Northern Ontario and stake a claim in the pasture because of rumours that there's gold nearby-but there really isn't anything there. Their investments always seemed to be losing money, and I decided there must be a better way. So I made up an imaginary portfolio to practice with and I eventually discovered dividend stocks. Now I have a real portfolio that's worth $2.3 million.
If you're getting into dividend investing and you don't need the income right away, you should use a Dividend Re-Investing Plan, or DRIP, which automatically reinvests your dividends for you. Some companies actually sell you their stock at a lower price if you use one. A DRIP is especially good in an RRSP. I've been overjoyed with my results from dividend investing so far. In fact, we've done so well, we can't spend it all-so when we're gone, all of our money is going to be left to children's charities.
Source: MSN
Related Articles:
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Dividend Growth Stocks News
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
Dividends can be a tremendously powerful part of your investing strategy. Not only can they give you a continuing source of cash to reinvest...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
The most dependable dividend stocks typically have a long track record of sustaining payouts through different market cycles. Companies with...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.