Stocks, Investing and Dividend Websites

A few years ago, I reached a place where I had saved up about $20 000 that I was interested in investing in the stock market. I did extensive research for about a year, looking at the various options. Eventually, I settled on dividend stock investing because it seemed not so complicated, not so risky and could offer good returns if done for the long term. I started investing about 2 years ago, and have a steady stream of dividends coming in every month, about $200 or so. I keep investing more money that I make from my job, as well as the dividends. I hope to grow this monthly income to over $1000/month.

You're a newbie and want to know the basics? Well, dividends are simply earnings that a company pays out to its shareholders. Most companies pay 4 times/year, at a set amount/share. The only fees for this investing strategy are the commission that you pay to buy the stock (from $3-$20) and the same fee when you sell the stock. If you sign up with an online discount broker such as Sogotrade, your fees will be minimal.

As with any investing, do your research first and act second. This site is a good place to start!

If you want to buy dividend paying stocks, you need to have a broker to do this. It can be an actual stock broker, but this is often very expensive. The better way to do it is to use an online broker. They have a range of trading costs and benefits, but the best one I've found so far is Sogotrade . They have the cheapest trading costs at only $3/trade. Some of the other brokerages have $10 or even $20 trades, which is very expensive! I've been with Sogotrade Discount Brokerage for a couple years now and have been very happy with them so far.