For people who have a little play money or who like to speculate in the markets, options are a great way to bet on or against a stock’s direction.
Out of the blue, my son asked why many of our friends had bigger houses and fancier cars than we do. He wasn’t being obnoxious. He was genuinely curious. He knows I’m financially savvy, so he wondered why we didn’t live like other people who we hang out with. As I talked to him, I emphasized that the choices his mom and I have made have directly led to our financial well-being and, more importantly, our happiness.
While everyone has been writing off the company as dead, it has raised its dividend for 23 years in a row and has had a double-digit annual growth rate for the past three, five and 10 years. In addition, the company’s ample free cash flow and long track record of dividend raises suggests the dividend is pretty safe.