Get Rich with Dividends. Lichtenfeld Marc
Читать онлайн книгу.
p>Marc Lichtenfeld
Get Rich with Dividends
“Marc Lichtenfeld's book is a timely, necessary, and easy-to-read reminder about the importance of dividend paying stocks. For a long time, especially during the tech boom, investors sacrificed steady dividend payments in favor of a stock's growth potential. Ultimately, however, stocks fell and those investors were left with neither cash nor capital appreciation. Don't let this happen again. Read Marc's book.”
“In today's global financial environment, investors would be wise to empower themselves with knowledge and insight. Mr. Lichtenfeld delivers on that mission.”
“Marc Lichtenfeld's name may be hard to pronounce, but his guide book is easy to implement. He practices what he preaches with his incredibly successful Perpetual Income Portfolio at the Oxford Club. His book should be called Get Rich Sooner than You Think. Investing in stocks that pay steady and rising dividends will make you a fortune you can enjoy while you're still young!”
“Marc has put together a New Bible for Investing. And in the process, he's debunked one of Wall Street's most widely held beliefs: that the average investor simply cannot outperform the market. He can! All it takes is a little legwork to find great companies that pay steady, rising dividends. And Marc's step-by-step system makes it easy. So put it to work, get rich, and start spreading the good news.”
“Speculators can get lucky occasionally. They can even get rich once in a while. But if you want to build wealth consistently, you have to let your money work for you. There is only one time-tested strategy for doing this and that is through dividends and reinvesting those dividends. However, investing in dividends is a strategy. Fortunately, you now have one of the best guides and guidebooks in the business. Marc Lichtenfeld is an accomplished researcher, with years of experience in the field of investing and dividends. His information is well thought out, well researched, and well written. Save yourself some time and set yourself up with a perpetual money machine by reading and following Marc's advice – religiously! You will get rich.. or richer by doing so.”
Get Rich with Dividends
A PROVEN SYSTEM FOR EARNING DOUBLE-DIGIT RETURNS
Second Edition
Marc Lichtenfeld
Cover image: Money Land © iStock.com/imagedepotpro; Falling confetti © iStock.com/BanksPhotos
Cover design: Wiley
Copyright © 2015 by Marc Lichtenfeld. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
The first edition of Get Rich with Dividends was published by John Wiley & Sons, Inc. in 2012.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.
For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002.
Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.
Library of Congress Cataloging-in-Publication Data:
Lichtenfeld, Marc.
Get rich with dividends: a proven system for earning double-digit returns / Marc Lichtenfeld. – Second edition.
pages cm
ISBN: 978-1-118-99413-9 (cloth); ISBN: 978-1-118-99415-3 (ePDF);
ISBN: 978-1-118-99414-6 (ePub)
1. Dividends. 2. Portfolio management. I. Title.
HG4028.D5L53 2015
332.63′221 – dc23
Foreword
When it comes to the stockmarket, most investors prefer glamour to profits.
Why do I say this? Tell average investors about a company with a cutting-edge technology, an exciting Phase III drug, or a new gold strike and they are all ears. But tell them about a blue chip stock with steady sales, a big order backlog, and a rising dividend yield and they are more likely to stifle a yawn.
That’s unfortunate. Because, contrary to what most investors believe, startling innovation is not a good predictor of business success. Or, as the famous industrialist and steel magnate Andrew Carnegie succinctly put it, “Pioneering don’t pay.”
A young company that is just feeling its oats – and retaining all its earnings – is unlikely to be the best long-term investment. It’s a widely recognized fact that 80 % of new businesses fail in the first five years.
What really makes money for investors over time – and without the hair-raising volatility of hypergrowth stocks – is steady businesses paying regular dividends.
For example, over the past decade, with dividends reinvested, oil producer Chevron Corp has returned 200 %. Altria Group, the U.S. tobacco giant, has returned more than 300 %. Even musty old Con Edison, originally founded asNew York Gas Light Company – a utility that was born 23 years before Thomas Edison – has returned 130 % over the period.
In