Reading books, magazines, and online information gives an individual knowledge about any topic. There are books, and often many more than one, on every subject imaginable. This makes it easy to find some reads regarding whatever you are interested in learning. Investing has been a hot topic for decades but may be even more so these days due to budgetary constraints faced by many whose income levels are not keeping pace with the rising cost of living.
There are so many dividend investing books on the market, it is difficult to pick just a few. Some experts recommend that readers use several key criteria when reviewing what is available. The book should be easy to understand and follow so the reader will not get lost. It must also be considered a classic or must-have read, something popular with the masses. Lastly, rather than just promoting dividend investing as a good practice, it should give the reader a strategy to incorporate dividends into the portfolio.
“The Single Best Investment” by Lowell Miller offers an explanation of how to create wealth with dividend growth. The author’s strategy is simple: high quality, plus high yield, plus growth of yield equals high total returns. Utilities are the main focus of this book because they are considered the most common high yield investments.
A book from Morningstar and John Peters, CPA, “The Ultimate Dividend Playbook,” clearly explains the dividend investing concept and gives tips on how to select the best dividend stocks. Readers put the stock through “The Dividend Drill,” evaluating it based on whether the dividend is safe and will grow as well as assessing the level of return. Readers may also be interested in subscribing to Morningstar’s newsletter focused on dividends.
RoxAnn Klugman authored “The Dividend Growth Investment Strategy,” which aims to provide readers with ways to double their income retirement every five years. It is based on a statement made by Albert Einstein that compound interest is the greatest mathematical discovery. The book focuses on ways to increase wealth through the practice of compounding.
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Dividend investing is the only way I invest, and here's why: dividend stocks create a secure, passive income, and are less risky than non-dividend investing.
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