I’m semi-retired. I have reached “retirement age”, but I cannot retire completely. I had a little bit of money in a fund, but I lost it all on a bad investment deal. I’m looking to start all over in a penny stock because I don’t have the funds to put into anything big. I am grateful for the service you are offering. It’s like my last straw. I only found you today by accident and without hesitation decided to take a look at what you are offering. I guess I’m looking to survive retirement. I feel that I can make it with your help.
Appreciate your readership, support, and feedback.
To show how much we appreciate all of that, I’m taking the time today to reach out to you directly.
First, I’m sorry to hear about you losing your money. I’m not sure exactly what happened there, but that’s not something I ever like to hear.
Now, I’ll start by saying that I don’t ever recommend anyone invest in “penny stocks”.
When you look at how real, significant, and lasting wealth is built in the stock market, it’s by investing in great businesses at attractive valuations.
You have to build a solid foundation if you want your wealth to grow and last.
And you don’t want that skyscraper of money built on a foundation of penny stocks that represent equity in businesses of questionable quality.
The foundation I’ve chosen to build my own wealth on is the long-term investment strategy of dividend growth investing.
And by following that strategy, I’ve built up my FIRE Fund.
That’s my real-life and real-money dividend growth stock portfolio.
It generates the five-figure and growing passive dividend income I need to pay for my basic personal expenses in life.
This solid foundation has put me in an incredible position in life.
I was able to quit my job at 32. And I became totally financially free at 33.
And check this out: I started out broke and unemployed at 27 years old.
I even recount that entire journey via my Early Retirement Blueprint.
But none of this would have happened if I didn’t build a solid foundation.
Now, you’re not going to retire early.
We know that based on your age.
But you can retire happily and successfully.
If you want a happy, successful, and lasting retirement, you need to get your money working for you in an intelligent manner so that you can go about your life and sleep well at night.
Dividend growth investing can allow for that strong foundation because it’s a strategy that basically involves buying up equity in wonderful businesses that are regularly growing profit and routinely sharing that growing profit with their shareholders via growing dividends.
Growing dividends are the “proof in the profit pudding”.
And they’re an excellent source of passive income, which can allow you the money you need to pay your bills without going down to a job.
One of the best resources out there as it pertains to finding quality dividend growth stocks is the late, great David Fish’s Dividend Champions, Contenders, and Challengers list.
That list contains information on more than 800 US-listed stocks that have raised their dividends each year for at least the last five consecutive years.
And the list is totally free for you to access.
If you peruse that list, you’ll find blue-chip stocks. You’ll see household brands. We’re talking global companies that are practically minting money.
Think the likes of Coca-Cola Co. (KO), Microsoft Corporation (MSFT), and Exxon Mobil Corporation (XOM).
Of course, you can’t go in and blindly buy these stocks.
Even high-quality dividend growth stocks need to be bought with a system in place that prioritizes fundamental analysis, critical thinking, risk assessment, and valuation.
Fellow contributor Dave Van Knapp has put together a series of articles that cover the dividend growth investing holistically and comprehensively.
This series is his Dividend Growth Investing Lessons.
And then once your system is in place and you’re ready to build that foundation, I personally share a compelling investment idea every Sunday.
Through the Undervalued Dividend Growth Stock of the Week series, you can access a weekly idea that features a high-quality dividend growth stock that appears to be undervalued at the time of investment.
And then I share my findings with the dividend growth investment community, which could very well include you, Victor.
But it’s up to you to take those next steps.
The journey of a million miles starts with a single step.
No time like today to start.
I wish you luck and success.
Virginia Stock-Picking Millionaire Says It's Not About Diversification! One single stock under $5- that trades under a secret name- could help you build your retirement. His details are here.
Disclaimer: Jason Fieber is not a licensed financial advisor, tax professional, or stock broker. Please consult with a licensed investment professional before investing any of your money. If your money is not FDIC insured, it may decline in value. To protect the privacy of our readers, any names published in this article are under aliases. In addition, text may be edited, omitted or paraphrased for grammar or length.