Far and away the most common question I receive through e-mail from readers could be paraphrased as this, “Okay, I’ve finally reached a point in my life where I got a little money set aside, and I want to start putting together a collection of individual dividend stocks. Where should I begin?”
Because I do not know the future, there’s no right way to answer that. And plus, there are so many different answers that would to you putting together something that will result in permanent wealth down the road. Someone opens a DRIP account that puts $200 per month each into Johnson & Johnson and Procter & Gamble, allowing it to benefit from dividend growth, reinvestment, and cash additions through the upcoming years? Yeah, that’s going to work out.
Someone decides to put a few hundred each month into a collection of Exxon, Chevron, and Conoco? Yeah, that’s going … Read the rest of this article!