This blog is about investing for dividends. The Dividend-Café is a place where we can exchange ideas of what works, what doesn’t work, and how we differ in our approach to investing. The reason for dividends for us was to build a reliable source of income that would replace our salaries. In future posts I will attempt to give more details of how we built our portfolio.
I started investing in 1984 and, as many others do, had a lot of ups and downs while learning. Being fairly conservative I started reading newsletters to find out the “best way” to invest. The book, The Wealthy Barber by David Chilton was a great inspiration and got me going somewhat in the right direction. But it’s difficult, when you’re learning, to get any traction and see significant growth. And I also soon discovered that with mutual funds you’ll never really see significant growth because of high fees and such great diversification that you get the good companies along with a lot of mediocre and bad ones.
Then in 1995 I read a couple of magazine articles (but can’t remember now what they were) about dividend investing. That made so much sense to me and I started looking at companies that paid dividends. I know there has been a lot written on this subject and I followed I number of blogs to learn more. Here are some that you can learn from.
These bloggers are all on a journey to financial independence and will tell you how they’re doing.
My journey is now entering a different phase as I have retired from a long term job and our main source of income is our dividends. The dividend strategy is now providing us with more in dividend income than we ever had in salaries. So we don’t plan to touch the capitol any time soon.