No. of Recommendations: 0
My Grandmother's income was dividends from oil and utility companies. When she died I reveiwed her cash journal and saw monthly checks from these companies averaging $1,500. And these checks arrived monthly. Growing up my Grandma gave me shares of utility stocks (Southern Co., Niagra Mohawk) and said this was for my retirement. I was 10 and did not understand but gladly took the shares. Unfortuantely I totaled my parents car when I was 18 and my dad sold all my stock. This was 30 years ago. When I learned about DRIP investing in the early 90's I started automatic monthly investments with 6 utility companies who pay dividends quarterly at different times. When I do start taking cash dividends (not reinvesting) I'll receive 2 checks a month. I'm on target to receive $1,000 monthly after 10 more years of investing. I have averaged a 6% dividiend yield since owning these stocks but the best part are those utility stocks I own that have increased in value just like S&P. These stocks do appreciate over time. (TXU,CPL,WEC,DUK,SO,CSR).

Everyone at my age goes after growth stocks. I invest all my tax deferred savings with technology, internet, and growth funds and my returns are very high. But I'll never forget those figures in my Grandma's journal and must follow a tradition I was taught as a kid and but dividend stoks.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.