Anonymous wrote:
Anonymous wrote:
You have to be brave and you have to believe in yourself. Start by finding a basket of about 30 different companies that have a long history of paying dividends. Buy about 300 dollars worth of stock in each of these companies and st up your brokerage account so when these companies pay their dividends every three months the dividends will automatically be reinvested into more shares of stocks usually without any brokerage fees. Over time if you do nothing you'll be surprised how much this small investment will grow. If you add funds to it through the years all the better. The Internet is loaded with ideas about "Dividend Achievers", "Dividend Champions", and Dividend Reinvstment Programs.
Vis a vis' stock price manipulation it's not much of a problem for long-term investors. Corporations have a basic underlying values. Over time the underlying values of companies will emerge. Stock market manipulators can drive share prices up or down in the short term, but they eventually have to reverse their positions or they'll go broke. Having said that stock price manipulation is part of the game, but in a world with an expanding consumer population where homes, transportation, infrastructure, and consumer goods are constantly wearing out and being repurchased this is the time to be a fearless unrepentant Capitalist.
Do you have 30 companies to recommend?
Yes, but it would be better for you to go to the "Seeking Alpha" web site or to google dividend achievers or dividend champions yourself. It's not that I don't want to give you advice, it's that you'll feel more comfortable with your picks if you choose them yourself. Most of the names you'll find will be names you are already very familiar with like coke, Pepsi, ely lily, Bristol Myers Squibb, Edison electric, DuPont, Dow chemical, McDonalds, Yum(taco bell and KFC), proctor and gamble, and Kimberly - Clark , Johnson and Johnson, caterpillar and John Deere.
There are many more. I've done well, but you'll do better and it will be more fun for you if you create your own dividend reinvestment portfolio based on your knowledge of the world around you in conjunction with a list of Dividend Champions.
You can do this!!!! You can be an unrepentant capitalist. Wrote this from my phone - hope there's not too many typos.