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Strategies & Market Trends : Dividend investing for retirement

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To: JimisJim who wrote (5489)	8/19/2010 2:42:09 PM
From: chowder	1 Recommendation Read Replies (2) of 34328

>>> biggest month so far for me in terms of divvies rolling in and the month isn't over yet <<< June and December are usually my best dividend months because of some foreign stocks that pay semi-annually. However, due to reinvested dividends, August is now my biggest month so far. After a while, when you see how the money continues to flow into your account, you wonder why you didn't think of this years ago. My son's account continues to show increases in dividends month after month as well. How I wish I had started this at 25. My son can't imagine the effect this is going to have later in life for him. The reason I got started with this is because during 2008, when the financial crash hit, I was reading message after message of people in their 70's and 80's worried about where to put their money. They went for growth most of their life and now needed a safe place to get yield, and it wasn't there. They were forced to take on more risk than they wanted by getting back into equities. I saw an opportunity to build dividend income in 2008 because blue chip companies had sold off as much as they did, presenting some very good yields. Then I saw where PG had dropped 40% in share price and they raised their dividend! That's when it clicked for me. Share price took a huge hit, income investors got a raise. The fact that PG raised the dividend, indicated to me there was nothing wrong with their business since dividends come from cash. PG was my first purchase. I decided then, that yield on cost and reinvesting dividends was the best way to insure a steady and reliable income later in life. Then I found Steve! <lol>

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