Dividend investing for intermediate and serious investors has been the topic of my blog since I started it in 2013. I love the slowness during the last week of the year because it lets you step back and get philosophical about the big picture of what you’re trying to accomplish. As a service to new readers, I thought I would create a seven-step guide to dividend investing to offer as much of my condensed investing philosophy in a short period of time as I can.
Step 1: Determine whether dividend investing best fits your circumstances.
One of the most important things you need to recognize is that wealth gets created by finding the greatest amount of net-of-tax returns. This makes dividend investing a poor fit for high earnings in taxable accounts, particularly those in high-tax states like California. A lawyer in California has no business buying AT&T stock so that … Read the rest of this article!