Creating another income stream is becoming must-have thing nowadays with increasing insecurity at the work place resulting from overall economic slowdown.
Dividends are one such opportunity for you to create a truly passive long term income if you play the game right. An income stream that has been there and it has been known to work. Warren Buffet has said good thing about it and several other know stock market gurus vouch for it.
Start investing now in income generating stocks and you will see a steady stream of income in your bank account for years to come. And when I say years I am talking about more than 20 + years of free income.
Dividend Investing ebook : Create Long Term Income from Dividends will cover the following topics:
1) Basics of Dividend Investing for beginners
2) Dividend Reinvestment Plans
3) How to select the Dividend stocks and create a income generating portfolio
4) What are Dividend ETF's
5) Do Dividend ETf's pay dividends
6) Dividend Investing Strategies
7) Top Ten List
8) Highest Paying Dividend Stocks
9) Highest dividend paying monthly stocks
It sells about 20 copies a month on Amazon and also sells some worldwide.
How to Get Started with DRIPs
Before we venture there, you need to understand full classic DRIPs and synthetic DRIPs.
Full or Classic DRIPs – In this option, you can enroll with a company or a company mandated firm for buying the shares. In turn, when you get the dividends, you can mandate these to be reinvested, i.e., you buy the shares for an equivalent amount.
In simple terms, if you invested in stock of Company ABC and they declared a dividend, then you would have either received a check for the amount of dividend that you are entitled to, or the funds would have been directly deposited into the brokerage account you hold. Now, if instead you receive shares into your account, even if they are a fraction of the dividend amount you would have received, then this is simply known as full DRIP or the classic DRIP.
The full or classic DRIP is not offered by all the brokerages. The most cost efficient way to find this option is to go to a company website.
For example, if I go to the Exxon Mobil website, it directs me to the Computershare Investment Plan.
For seasoned investors, when we talk about DRIPs, we are talking about full or classic DRIPS offered by the standard DRIP providers like Computershare.
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German
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Translation in progress.
Translated by Dominik Junker
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Portuguese
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Already translated.
Translated by Susana Matos
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Spanish
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Already translated.
Translated by Elisabeth Frias de Pichardo
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