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re: Dividend stocks and DRIPs as a long term investment vehicle
Posted on 6/24/13 at 8:49 am to Volvagia
Posted on 6/24/13 at 8:49 am to Volvagia
As much money as I say? I said I had a pretty normal job until last year......I've been following this approach for nearly 18 years from the time i was given my first stock. Every month I'm pouring more and more cash in now bc Im making way more than I ever made before when I had my normal job. I originally planned on $75K+ of dividend income by 45 at my old job.
My goals have gotten significantly higher and will arrive much sooner now. Thanks for letting me know when I'd arrive at the finish line
I just laid out a 33 year DRIP return of 10 major US companies and not 1 returned less than 24x your money in a DRIP. I don't find that to be a bad strategy by going after the #1 returning industry that returned close to 50,000%
My goals have gotten significantly higher and will arrive much sooner now. Thanks for letting me know when I'd arrive at the finish line
I just laid out a 33 year DRIP return of 10 major US companies and not 1 returned less than 24x your money in a DRIP. I don't find that to be a bad strategy by going after the #1 returning industry that returned close to 50,000%
This post was edited on 6/24/13 at 8:51 am
2
Posted on 6/24/13 at 8:51 am to ThaBigFella
You are throwing down 3 million dollar values as a assumption in retirement, AND are talking about retiring early.
That doesn't combine with "normal money"
Although it might just be making 90k really early in life and holding steady....
Nonetheless, the point remains.
That doesn't combine with "normal money"
Although it might just be making 90k really early in life and holding steady....
Nonetheless, the point remains.
Posted on 6/24/13 at 9:09 am to ThaBigFella
quote:
I just laid out a 33 year DRIP return of 10 major US companies and not 1 returned less than 24x your money in a DRIP.
No you didn't. Several of your holdings fell shy of that.
And several of the holdings didn't even get a third of what you would have gotten in a even a highly conservative non dividend large cap fund over the same time frame.
When it averages out to be (imagine that) about the same.
Hey, if you have zero risk tolerance and no stomach for fluctuation, that's you.
But don't walk around as if you "stumbled" on this magical low risk high return strategy that's really the only smart way to go.
This post was edited on 6/24/13 at 9:11 am
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