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Strategies & Market Trends : Dividend investing for retirement

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From: Steve Felix	11/24/2013 4:59:31 PM
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OT - I find this kind of thing hilarious. Everyone is a dividend guru these days. Dividend Mantra. Latest article: "The Dow Jones Industrial Average Closes Above 16,000 For First Time Ever...Yawn...Snooze" seekingalpha.com "I was born in 1982. Got into investing back in early 2010. I mainly invest long in dividend growth stocks. I like minimizing risk and I like diversification. I earn a middle-class income working at a middle-class job. My goal is to retire by 40 and live off my dividends that will (hopefully) outpace inflation. I am an individual investor and hold no finance degrees. I live a frugal life and try to save at least 50% of my net income every month. Visit me at www.dividendmantra.com." Wow! Investing since 2010. Currently 31 and going to retire on his dividends in another nine years. rolfmao! And this from his blog: "I received $269 in dividends in 2010. I think my goal for 2012 is going to be $2,000 in received dividends. I think that's a challenging, but achievable goal. From there, I'll try to increase it $1k/year." Retiring at 40 on $12,000 a year, he may have to live in his parents basement and eat for free at their table, pack his lunch, and walk to work. From his blog for Nov. 2013: $248--Dividend Income Expenses from October 2013: $532--Rent & Utilities $189--Student Loans $143--Health $166--Groceries $263--Restaurants $80--Fast Food/Pizza/Takeout $78--Auto Insurance $36--Fuel $45--Public Transportation $42--Pharmacy $40--Mobile Phone $30--Gym $19--Internet $3--Entertainment $154--Everything Else* $480--Car Prepayment Fund Total Expenses: $2,296** Reality hasn't hit this guy. Hope he doesn't quit his job at 40. lol! Hurry and you can be his 242nd follower.

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