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Get Rich with Dividends, 2nd Edition
book

Get Rich with Dividends, 2nd Edition

by Marc Lichtenfeld
February 2015
Beginner content levelBeginner
240 pages
5h 34m
English
Wiley
Content preview from Get Rich with Dividends, 2nd Edition

Foreword

When it comes to the stockmarket, most investors prefer glamour to profits.

Why do I say this? Tell average investors about a company with a cutting-edge technology, an exciting Phase III drug, or a new gold strike and they are all ears. But tell them about a blue chip stock with steady sales, a big order backlog, and a rising dividend yield and they are more likely to stifle a yawn.

That’s unfortunate. Because, contrary to what most investors believe, startling innovation is not a good predictor of business success. Or, as the famous industrialist and steel magnate Andrew Carnegie succinctly put it, “Pioneering don’t pay.”

A young company that is just feeling its oats—and retaining all its earnings—is unlikely to be the best long-term investment. It’s a widely recognized fact that 80% of new businesses fail in the first five years.

What really makes money for investors over time—and without the hair-raising volatility of hypergrowth stocks—is steady businesses paying regular dividends.

For example, over the past decade, with dividends reinvested, oil producer Chevron Corp has returned 200%. Altria Group, the U.S. tobacco giant, has returned more than 300%. Even musty old Con Edison, originally founded asNew York Gas Light Company—a utility that was born 23 years before Thomas Edison—has returned 130% over the period.

In this excellent new book, my friend, colleague, and fellow analyst Marc Lichtenfeld shows you how and why to invest in great dividend stocks. And let ...

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Publisher Resources

ISBN: 9781118994139Purchase book