- Archive for January 21st, 2022
Tucking away high dividend-paying oil stocks in a tax shelter like a Roth IRA is one of the most underrated ways that an investor can accelerate the journey of turning an income stream into an income gusher. Companies like BP, Conoco, and Royal Dutch Shell that give investors a 4-5% starting dividend yield that typically grow over time can be a surprisingly effective way to build up your nest egg.
Let’s take a quick look at what can happen if you use a company like Royal Dutch Shell to augment your nest egg. Right now, Royal Dutch Shell trades at $70 per share and pays out a $0.90 quarterly dividend. On an annualized basis, that means you will receive $3.60. I went to Subway yesterday and I ordered Chicken, Bacon, and Ranch footlong that cost a little over $7. Well, if I owned a mere two shares of Royal Dutch
… Read the rest of this article!
Access My Best Investment Ideas Here!