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A 25 year old who's portfolio is only $30,000 can buy a stock like with a dividend of about 8%. The $2,700 of annual dividends should double about every 9 years at least. With no further investment this particular Dividend Machine should return over $86,000 annually at age seventy. Sound impressive? By reinvesting dividends the first 15 years this amount should be well over $200,000 annually at age seventy. How many of your friends do you think will have done that? Not bad for a one time investment. See the importance of a dividend machine now?
What happens if you don't have the $30,000 to get started? Borrowing the money from a loved one or relative is a great alternative. Many parents grandparents and loved ones loan money to a child for an automobile or school which may or may not have a future tangible value. Giving your loved one their "inheritance" early may create a permanent dividend machine that can be transferred for many generations to come.
Wharton School of Business professor Jeremy Siegel said that about 97% of the gain of the Dow since 1900 has been from reinvested dividends. Many "gamblers, disguised as value investors, have lost hundreds of thousands of dollars investing in financials like AIG, Bear Stearns and others. Their mistake is concentrating ONLY on capital gains and not dividends. In the next installment, a step-by-step blueprint will help you to explain how to build your own personal dividend machine.
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