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| Topic | My dividend income is slowly picking up. Good sign of things to come |
| whitelytning 09/30/20 11:20:00 AM #39: | J03can posted... There is a Canadian energy company that ive been told has a 3%+ dividend. So basically if i were to invest $10000 i would just get that 3% quarterly (if they pay out quarterly) despite how the stock is performing? Sort of. The dividend isn't guaranteed and can be changed. Right now with a lot of companies hurting many have decreased the % of dividend. Dividend investing is a strategy used by a decent amount of people because it can create passive income easily. The catch is that the dividend % isn't high and how you are taxed. You are better off, from a tax POV, to be selling stocks when you need cash rather than relying on dividends because dividends are taxes at a higher rate. But there is a convenience value in not having to do much with dividends. You get 20k worth of IBM and don't have to do anything to make your 5% plus the stock itself gains value if it goes up. --- ************************************************ https://imgur.com/iZdWIKJ ... Copied to Clipboard! |
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