I’ve been using Robinhood for my dividend growth portfolio, and it’s been pretty straightforward. With Robinhood, you can trade stocks and options without paying any commission. This feature makes it a great platform for building a dividend portfolio and managing investment risks. Here’s an update on my Robinhood dividend growth stock portfolio as of March 2018.
At Millionaire Mob, our aim is to reinvest the passive income streams we earn, like our freelance work, into a dividend growth portfolio, moving us closer to financial freedom. Checking my Personal Capital account is rewarding when I see both our freelance income and dividends. It’s all about making your money work for you even while you sleep.
I’m so passionate about dividends that I even wrote a book called “Dividend Investing Your Way to Financial Freedom.” Living off dividends from passive income is definitely achievable. I also developed a five-step plan to help others do the same. If you’re curious, you can look into why I decided to write a book about dividend investing to learn more about my goals.
We have recently put together a guide to help you build a dividend growth portfolio, essential for making informed investment choices. An ideal portfolio strikes a balance between stable, known entities like the Dividend Kings and Aristocrats, and new, promising ones such as Dividend Champions. We believe in identifying potential future Dividend Kings early.
Dividends are a solid strategy for building wealth. They provide a steady return and greatly contribute to the overall returns in the stock market. A dividend is essentially a cash reward a company pays to shareholders from its profits. Companies can either reinvest these earnings to fuel growth or give them back to shareholders—ideally, they do both: paying dividends and reinvesting in the business.
Regarding our dividend portfolio, it focuses on financial freedom through Robinhood. We also have other accounts, like a Roth IRA and a 401(k), for retirement. However, these are not accessible until a certain age, so we focus on our dividend growth stocks to achieve financial independence sooner.
Here’s a summary of our dividend growth portfolio, highlighting our strategy of investing in stable Dividend Aristocrats like Medtronic, Lowe’s, Omnicom, and ExxonMobil. While the market has been volatile, I’m investing for the long term and not focusing on quick gains. It’s crucial to find ways to boost your income, so you’re ready to invest more when the market dips.
For future reference, tools like FINVIZ futures can help you track market trends, manage risks, and enhance your investment returns. Remember, don’t get swayed by schemes promising quick riches. Investing in a solid dividend growth portfolio is a proven path to financial freedom, and we’d love to hear your thoughts and strategies in the comments.
Disclaimer: This information is not financial advice.