Hello all,
I am 26 and new to dividend investing. I am so new that I have yet to purchase my first dividend stock. Up until a few months ago, I thought the only way to make money investing was via capital gains and didn't even know that companies paid dividends. Luckily, I attended a retirement party for a coworker who was in his mid-40s. He pointed me towards Lowell Miller's "The Single Best Investment" and Josh Peter's "Dividend Playbook" which I've read multiple times. I also read articles on Seeking Alpha and articles on the many DGI blogs across the internet.
I am blessed to have a job I like, a job that pays wells, and a job in the Midwest which allows for cheap living expenses. This means I can save ~66% of my income. I recently purchased a home, and all of my recent savings were directed towards the down payment. My mortgage is my only debt.
Of the 66% income I'm saving, ~15% will be invested in my work's Roth 401k (a mix of index and mutual funds). The remaining ~50% will be invested in my DGI portfolio.
I am excited to begin my DGI journey, however my inexperience and the market's overvaluation are making me reluctant to pull the trigger on my first stock purchase. I look forward to learning and sharing my experience with you all.
Cheers,
Caversham
I am 26 and new to dividend investing. I am so new that I have yet to purchase my first dividend stock. Up until a few months ago, I thought the only way to make money investing was via capital gains and didn't even know that companies paid dividends. Luckily, I attended a retirement party for a coworker who was in his mid-40s. He pointed me towards Lowell Miller's "The Single Best Investment" and Josh Peter's "Dividend Playbook" which I've read multiple times. I also read articles on Seeking Alpha and articles on the many DGI blogs across the internet.
I am blessed to have a job I like, a job that pays wells, and a job in the Midwest which allows for cheap living expenses. This means I can save ~66% of my income. I recently purchased a home, and all of my recent savings were directed towards the down payment. My mortgage is my only debt.
Of the 66% income I'm saving, ~15% will be invested in my work's Roth 401k (a mix of index and mutual funds). The remaining ~50% will be invested in my DGI portfolio.
I am excited to begin my DGI journey, however my inexperience and the market's overvaluation are making me reluctant to pull the trigger on my first stock purchase. I look forward to learning and sharing my experience with you all.
Cheers,
Caversham