Friday, March 16, 2012

MY NEW INVESTMENT PLAN BEGINS PAYING OFF!

Collected some of my first dividend payments from stocks purchased for my new investment plan.  This weeks' payments included dividends from Duke Energy (DUK), Solutia (SOA) and Realty Income Corp (O). 

While Solutia is by far my longest held stock, they just recently started paying dividends again.  I held this stock through bankruptcy and have patiently waited to see if they would make any progress.  So I'm really glad to see a little income from them once again.

Duke is one of my recent purchases as part of my Daily Dividend Investment Plan.  That's part of the beauty of the plan.  While I'm accumulating shares in a total of 92 dividend stocks so I can collect a dividend for every day of the year, I'll see cash flow increasing every month as I start collecting payments from my newest purchases.  Talk about positive motivation!

Realty Income Corp is a REIT which pays monthly dividends.  While I wouldn't go overboard with REITs or MLPs, they do have a place in income portfolios.  Both REITs and MLPs are attractive to dividend investors for their high yields, however along with high yields come high risks.  So investors should keep that in mind and do their homework before investing.

One thing I want to stress, anything I write in concerning my personal investments or investment plan, should not be construed as a recommendation for others.  If you get some ideas to apply to your own investment plan, I'm glad I could help.  If you have ideas you'd like to share, I'm all ears.  Never get tired of talking about investing and learning new ways to make money :0).

Have a great weekend!

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