MONTHLY DIVIDEND STOCKS

[khamil]

Me neither! I have been buying monthly divvy stocks and holding them long term. Many since the late 90's when I started investing in college. My goal is to have a dividend every day of my life till I am dead. (Check my investment philosophy in my profile)

I plan on getting $500 in dividends today(example), blowing it on pure jibberish, and doing it all over again tomorrow when next day's dividend shows up. Hence the monthly dividend stock portfolio with a pay day catching as many days of the year as possible.

My goal is to average $500/day in dividends, and right now I average about $120/day. Not enough to retire on yet!

I day trade Penny's. Mainly for entertainment value though, and in no way expect to retire on!

Ill tell ya what I DONT plan on doing- buy stocks with no dividend and watching them grow for the next 20 years and having them lose 70% of their value 6 months before I retire, effectively keeping me working when I should be a snowbird! That would suck!

Dividends-a bird in the hand is worth two in the bush!