Compared to other forms of investing, dividend investing minimizes risks and leaves investors with a good probability of making money. I started investing in the stock market in 2012 when I opened my first investment account with Sharebuilders.
After experiencing more that a few losses in my attempt to be a stock trader without a teacher or a coach. Trading stocks with no experience was a very bad decision. Investing in dividend growth stocks isn't some get–rich–quick scheme. It does take a while to build up enough passive income to pay for your lifestyle, you could think of it being more like a marathon, rather than a short sprint.
Like so many new investors who sabotage themselves because of lack of patience. I learned the hard way, so I had to educate myself and find other ways to invest.
My introduction to dividend stocks and the benefits they would bring came at just the right time in my investment journey.
I decided to put my money into the best companies I could find that paid a dividend and just leave it and let it grow. I guess you could call it the Warren Buffett Way. An investment strategy he made famous and it's made him one of the wealthiest men in the world.
I've found that to succeed as an investor you have to do your own research and due diligence. If you can add, subtract, multiply, and divide you can do this. So many people overcomplicate the investing process, this is not TRADING STOCKS in the Market.
I'll be honest with you, investing in dividend stocks does carry some risk. And if needed, consult with a professional to assist you with building your investment plan.
Building wealth, building a family, building a business or just building a life–––You need a plan! It may change as you go, but start out with a plan.