When I opened my first investment account with Capital One Share builders in 2012 I didn't know anything about the stock market. So I just started reading every book I could find on investing, stock trading and money management, trying to educate myself on being an investor.
I even got a subscription to the Wall Street Journal. I taught myself how to build an investment portfolio and even tried my hand at stock trading.
Stock trading isn't always what you see on the floor of the New York Stock Exchange, and it's even possible to get started from the comfort of your couch.
But you'd better know what you're doing before you place your first trade. It can be very risky to dive in without the proper knowledge.
After experiencing more than a few losses I began looking for other ways to invest that were not so risky. Through lots of research and due diligence I found dividend stocks can be used to generate an income immediately and build long–term wealth.
A dividend stock is a type of stock that provides two wealth building opportunities. When you own a dividend stock, you can generate an income through dividend payments. Additionally, the stock may increase in value over time to boost your net worth.