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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (3833)	2/20/2010 8:59:05 AM
From: Steve Felix	Respond to of 34328

Thanks Paul. Yes, a local utility seems a reasonable choice. I used a little of the same thinking when I got her started. With the money sitting in a savings account earning 1%, I told her she could get paid 4X holding the stock. Even though the stock has gone nowhere she is earning more money that she will never pay taxes on. From my point of view, the end justifies the means. She got started, and now has the slightest bit of interest, compared to fear of the markets ( the unknown ) before. With current annual income in the account of roughly $450, she is not seeing the future income stream that I hope to get her started on. That point was driven home the other day when I asked her if there was any particular stock she wanted to buy. Her answer: Whatever is going up.