I was recently talking with someone from the Columbia, MO area that had built up a net worth of $2,000,000 across fourteen properties that generated for him an income of nearly $200,000 per year, which works out to over $16,000 per month. He occasionally reads the site here, but has found that dividend investing through common stocks doesn’t fit his personality too well because the amount of income generated is way too low for his liking. I get it—if someone has $100,000 at their disposal, they may want more than $3,000 in introductory income. With a $2,000,000 portfolio that consisted of stocks like Exxon, Coca-Cola, Colgate-Palmolive, Johnson & Johnson, and Procter & Gamble, … Read the rest of this article!
When General Electric cut its dividend to a penny per share for the course of 2019, after cutting it in half from $0.24 to $0.12 quarterly during the 2017-2018 time period, most investors kind of had the idea that GE was in trouble and stayed away from the stock because there is often some (justified I might add) criticism of the business on a seemingly daily basis.
Even today, people might take a casual glance at the stock, see it is trading at around $11 per share, and think, “Yeah, that is a stinker.” Of course, there is more to see than that. This time last year, the stock fell below $7 per … Read the rest of this article!