Dividend payers work great for long term buy and hold/reinvest the dividends. Read the dividend investing articles on TMF.Drip investing is a great low cost way to go as DesertDave points out.It does involve a little more effort than working through a broker and you will have to keep track of each investment yourself.I'm too lazy for that so I have all mine at Fidelity. I usually buy once per stock(single commision) and then reinvest the dividends. Fidelity has a no cost reinvestment program on almost all stocks; either from the stock or their own psuedo Drip program. I only know 1 stock that does not participate. The advantage is one spot tracking of all your stocks, monthly and year end consolidated statements. I don't know what other brokers offer but are probably comparable.Many of these investments do have good capital appreciation also since dividend payers seem to have come back in favor.I buy fairly high yield stocks, reits, royalty trusts(including CanRoys),and MLP's with the intent to live on the income and preserve the principal when my wife finally retires.Don
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