My daughter turns 1 year old in about three weeks. As any parent does, I want to ensure she has the best possible opportunities in life down the road. To achieve this, I have begun building her a portfolio of dividend powerhouses that should provide her with a steady, growing income stream so she can be free to pursue whatever her goals might be.
For a high school graduation present, it is my goal to give my daughter a portfolio worth almost $600,000 that earns her over $25,000 a year. This will ensure that she can attend whatever college she would like (debt-free), and give her the best possible opportunities as she heads out into the world. Again, this example is a clear indication of the power of getting started early. You do not need to time the market (and it is pointless to attempt to time the market anyway) to create a powerhouse dividend portfolio. All you need is time -- and there is no time like today to get started!
Source: Seeking Alpha
Related Articles:
- 10 Small/Mid-Cap Dividend Growth Stocks Answering The Call
- Free Cash Flow Payout vs. Dividend Payout
- 8 Dividend Stocks With The Right Stuff
- 6 Dividend Stocks Trading at a Double-Digit Discount
- 5 Best U.S. Dividend Growth Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Each of these high-yield dividend stocks has a dividend yield exceeding 6.5%. That’s is a very high dividend yield few stocks have. In addit...
-
Because their financials must support a monthly dividend payment, the companies in this space are stable by nature — their operations are st...
-
While there are a number of factors responsible for pushing the stock market lower, the spread of COVID-19 looks to be the match that lit th...
-
Dividend payments are, by nature, a conservative strategy for companies to use, and as a rule of thumb the more conservative companies are l...
-
As veteran traders will attest, though, nothing lasts forever. It might not be a bad idea to start adding exposure to the market's lagga...
-
So if the economy does putter out, what should you do with your money? You could do worse than bet on recession-proof dividend stocks. That ...
-
In a soaring market, a few percentages of dividends may not seem like much. Over the past few months, the Dow Jones Industrial Average, the ...
-
So what should investors do amid the panic? They could do worse than own top dividend stocks. The recent stock market crash has turned some ...
-
For most investors, this is not a time to panic. Rather than take a flight to safety, now is a time to take a flight to quality. And when in...
-
You shouldn’t be running from the market. Bags of coins don’t make a comfortable pillow. They don’t emit dividends. They will not expand lik...
You and she may want to consider borrowing what she needs for college as needed, use what she needs of the $25,000 annual dividends to pay what she owes after graduating, deduct the student loan interest and not touch any principle AND continue to earn and / or re-invest some or all the dividends while paying and after the tuition is paid.