These are the 10 dividend stock investing tips that I personally live by these days. As a dividend stock investor, these 10 tips help me immensely in reaching my financial freedom goals. #dividend #stock #investing
Timestamps: 0:00 Introduction 1:33 I'm excited to use my 3M Post-It notes for today's video. MMM continues to be one of my favorite dividend stocks. 2:09 DIVIDEND TIP 1: I Focus On Dividend Income (NOT Aggregate Portfolio Value) 2:33 I measure my success as a dividend investor based on my stream of dividend income. 2:52 2022 is the year that underscores the importance of dividend income (vs. share price). 3:32 DIVIDEND TIP 2: I Reinvest Dividends As Long As Humanely Possible 3:43 Check out the pinned comment for my PPC Ian Dividend Investing Patreon. 4:50 KEY THOUGHT: I like to own stocks where I feel comfortable reinvesting (back into the stock that paid the dividend) at any price. This tells me I own the right stocks! 6:24 Dividend reinvestment fuels huge yield-on-cost (the dividend snowball). 6:50 DIVIDEND TIP 3: I Try To Focus (Almost Exclusively) On Core Stocks 7:15 I AM HEAVILY-WEIGHTED ON MY TOP CORE STOCKS: My top 10 stocks make up 49.6% of my portfolio, my top 20 dividend stocks make up 75.3%. JNJ is 8.5% of my portfolio. 8:05 It's easy to get distracted and buy too many positions! 9:09 DIVIDEND TIP 4: I Target Low Starting Yields With High Dividend Growth Rates 9:47 Dividend investing is not only about covering living expenses, but it's about adding a layer of stability in my life. 10:30 If I just wait enough years (reinvest my dividends enough years), I will get a high yield on cost. 11:13 DIVIDEND TIP 5: I Ignore The News (and Use The News Cycle To My Advantage) 12:45 Unions at Starbucks were all the talk about 1 month ago. Now, the news cycle has shifted. 13:35 DIVIDEND TIP 6: I Use Dividends To Get Through Difficult Times In Life 14:14 I use dividends to get back on track. I can control my dividend portfolio. 16:00 I look at the dividend strategy as a small business that can't fail, that almost anyone can build, but it just takes time. 16:27 DIVIDEND TIP 7: I Use My Investing Mistakes As Fuel (Learning Lessons) 16:33 There are no shortcuts! 16:54 Even Warren Buffet made some mistakes in recent years. (Kraft-Heinz and airline stocks.) 17:50 Because of mistakes, I'm so focused on core dividend stocks right now. 18:21 DIVIDEND TIP 8: I Try To Avoid Selling At All Costs 19:22 It takes decades for dividend investing to really work. It's important to hold on and avoid selling stocks! 20:15 Dividend stocks require nothing from me. Almost everything else requires maintenance! 20:41 DIVIDEND TIP 9: Keep The Faith 20:55 Dividend stock investing takes decades. It can feel like it's taking too long. 21:32 DIVIDEND TIP 10: Avoid Buying Stuff That Requires Maintenance 22:30 Dividend-based FIRE is the ultimate luxury in life. 22:59 DISCLOSURE AND DISCLAIMER
Here's my video about how dividend stock investing can literally change someone's life: https://youtu.be/ulNP-dYV1Ww
DISCLOSURE: I am long 3M (MMM), Johnson & Johnson (JNJ), Starbucks (SBUX), Caterpillar (CAT), Hawaiian Electric. (HE), and PepsiCo (PEP). I own these stocks in my personal dividend stock portfolio. I am also long Treasury Bonds and I Bonds.
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