BEST BUYING STOCK FOR LIFE ADVICE EVER!!!! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 1. Get a job, live within your means and start saving more than you spend 2. Get Quicken or Money or any quality financial SW tool loaded on your computer 3. Visit any major online stock brokerage firm and open a Roth IRA for free 4. Deposit $1 to $458.33 per month into the Roth IRA 5. As soon as you have $500-$1,000 saved up buy a dividend producing blue chip stock such as Nike (NKE), Johnson & Johnson (JNJ), Pepsi-Cola (PEP), Bank of America (BAC), 3M Company (MMM), Johnson Controls, Inc. (JCI), Stanley Black & Decker (SWK), Sherwin Williams (SHW), Home Depot (HD), General Electric (GE), Boeing (BA), Hewlitt-Packard (HPQ), AT&T (T), Disney (DIS), etc. The fee to buy is usually between $5-$8. Buy as many shares of the same stock as your retirements savings will allow for the entire year. 6. The next year and every year thereafter, buy a new company stock until you own 12-15 different company stock providing you with a diversified portfolio. Then the next year (year 13 or year 16), use your annual Roth IRA contribution to buy more of the first stock you purchased. The year after that, buy more of the second stock you purchased, etc. Repeat this process your entire working life. 7. Automatically reinvest quarterly and annual dividends into more shares of stock of the companies you own. By doing this you will compound the effect of stock accumulation thereby growing greater and greater dividend pay-out returns every 3-months. 8. Unlike mutual funds, there are no annual fees to own stock. Once bought, stocks are yours. Remember, a 1% annual mutual fund fee on a $1M portfolio is $10,000 per year. So why not do your investing yourself buying any of the stocks I mentioned? All of these stocks I have mentioned have consistently maintained a long-term average return between 6-18%. In down years they will be down, just dont sell. In up years many will exceed 15% or more return with some venturing into the 20-30% annual return range. Pepsi hit a 60% return in one year. Look at what Nike did yesterday? It was up $9.75 per share, more than 10% in one day! Within 30-40 years of investing, and surely within 50-years if you max-out or even get close to maxing-out your annual Roth IRA contribution of $5,500 or $6,500, if age 50 or older - your portfolio will be valued at well over $1M dollars. A $1M dividend producing blue chip portfolio will generate about $30,000 in cash every year in quarterly dividends. A $2M dividend producing blue chip portfolio will generate $60,000, and a $3M portfolio will generate $90,000, etc. The secret is to accumulate as much dividend producing blue chip stock as possible. Treat it as if it were a stamp collection or beer can collection. Accumulate as much as you can to make your retirement years easier and more comfortably secure.
Posted on: Sat, 27 Sep 2014 14:13:37 +0000