I bought a coffee at Dunkin’ Donuts this morning, which has pretty much become my daily routine recently. I always used to feel bad about spending money on coffee and other foods like this, and I always used to be a penny pincher like my parents. Then I did a calculation.
In March, I made an average of $4.50 per day in dividends.
In February, I made an average of $8.56 per day.
In January, I made $11.00 a day in dividends.
And that had nothing to do with my stocks going up or down. It all depends on the month, but I think you get the point. This free money is free money. That is, of course, before the 15% capital gain tax, but even with the taxes, it makes me feel a lot better knowing that I’m making enough money to pay for my coffees every day!
The great part is that it doesn’t require a whole lot of principal to enjoy the benefits of these dividends. The more money invested, the higher the dividend payback is, but even if there isn’t much principal, I believe everyone can still enjoy dividend gains over time.
Finding the right portfolio isn’t very difficult, but it does require a little bit of time. Here’s a great site for some good dividend stocks:
http://www.topyields.nl/Top-dividend-yields-of-Dividend-Aristocrats.php
Best wishes to everyone!