October 2019 Stock Watch Another day, another dollar. It’s time to put those dollars to work. The market is starting to look pretty red, while that’s horrible if your in your draw down phase...
Category: Dividend Stocks
Dividend stocks are a great way to create a new passive income stream. They instantly can bring in some cash flow and the stock price may appreciate in value as well.
Dividend Growth Stocks are even better because they have a tendency to raise their dividend’s each year. This is the path I’m moving towards and you can see compounding happen pretty fast on a recent post I did Dividend Growth Investing – Looking 30 years into the future.
How do you start buying them? There are a lot of different options out there but we use our bank. Just go into your personal bank and ask to setup a direct investing account.
Figure out what kind of account you would like to invest in, (ie tfsa, resp, rrsp) and after the paperwork is done you can start buying your first stocks.
Now comes the part of researching what stocks you would like to buy. There are a lot of variables but look at what companies you purchase stuff from or do business with. (This makes it easier to do business with them as you would own part of the company).
Also you might want a company that has a history of raising their dividend and a safe payout ratio.
If you want a couple ideas you can view our current dividend Portfolio here, but as always do your own research before making a purchase.
It’s fun and addicting to get those dividend paychecks for doing nothing! Good luck
Beefing up a Position – bce stock Hey everyone Hope you all have been enjoying September. Time continues to fly by and the weather continues to fluctuate consistently. Not much has changed. Anyways I...
September 2019 – Stock Watch list Hey Everyone Another day another dollar. The market keeps doing it’s thing. Up and Downs, meanwhile the dividend’s continue to pour in. Some people say the market is...
Dividend King Position Doubled Hey everyone The market continues to go up, down and sideways. One tweet can change everything. It’s interesting to see the hysteria the media likes to play out and...