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| Dividend Tips |
Collecting dividends feels great. Receiving payments in a check or seeing divs increment
in your brokerage cash account provide a sense of satisfaction. However, taking the payments in cash means
removing them from your financial work force.
Those dollars are no longer employed for you.
Reinvesting divs through DRIPs results in greater future satisfaction
than you may receive today because your dividend stream grows. The longer
your dividends are reinvested, the more they compound, the greater the
growth, the better the result. And
the happier the investor!
Compounded returns a year from now will be nice. Returns 10 years out will be great. Being persistent over time means compounding divs
for decades. If you do that, you’ll be surprised
as the dividend cash flow reaches critical
mass, going vertical and putting a prosperous (and early?) retirement
within reach.
The best investing advice is not glamorous. Practical guidance for DIY Dividend Farmers offering
good prospects for success? Don’t chase unicorns. Buy solid div stocks and keep ‘em
compounding!
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