Writer’s Note: This is all my personal experiences I’m sharing so take what I say not as advice or anything like that, but something you could dive in deeper for yourself. I’ll talk about hard assets, like silver another time because it’s important as well. Kitco.com is a good place to start.
I remember listening to a Beanie Sigel freestyle one day (many years ago) and he said something about owning stocks in funeral homes then a lightbulb went off in my head. At the time, I don’t think I was owning any stocks but I had brainstormed for ways to earn some money. When he mentioned owning funeral home stocks, I thought it was clever because everyone dies and it’s a business that’s not going away no matter how a person may feel about it.
But I think before then, I saw this video when I was on Facebook of a young brother, Damon Williams, who was the subject of a news special for his stock market success. After seeing that, it was a no brainer. I felt more motivated to dive in myself.
The first platform I used to buy shares was Sharebuilder, which also goes by Capital One Investing. But after being with them for a few years, I noticed they’ve unfortunately decided to close shop, which kind of sucks because I always liked their platform. *It catered to my investment habits.
So now I bid using M1 Finance’s platform. There’s plenty others out there though, like E-Trade or Robinhood. But like I said before, I use what caters to my investment habits and has the better features. I stumbled on M1 by accident and pure curiosity. So far I like it and received the first dividend deposit from one of the stocks I own.
But on the practical side, which I’ve written about before, I only invest in stocks that have a dividend policy, whether it’s quarterly or monthly. I’ve dabbed in both because I don’t play the buy low sell high mantra. I rather play the stock market for something long-term and consistent, and as long as a company keeps their dividend policy, I’ll continue holding their shares. The first shares of stock I ever bought was in Service Corp International or $SCI, which I credit to Beanie Sigel’s freestyle believe it or not.
However, as I started to buy other shares in different companies I started to see that some had higher dividend rates. But when I found out that some companies, or what they call ETFs, pay monthly then I started researching for what I thought was reasonable to rest my money in. There’s other important factors one must consider before putting money in the pot however.
Here’s a quick list of all the stocks I’ve bought and/or sold:
- Service Corporation International ($SCI)
- Nintendo Company Ltd (NTDOY)
- Geo Group Inc (GEO)
- Johnson Controls International (JCI)
- AES Corp (AES)
- iShares U.S. Preferrred Stock ETF (PFF)
- Shaw Communications Inc (SJR)
I’m still learning as I play the game because it’s important to learn as much about it as possible. There’s a lot of risk involve and there ain’t no guarantees you’ll turn a profit, but that doesn’t mean you can’t.
We’re here to guide and support you in your investing life. Our stock knowledge is backed by the expertise that produced a portfolio with an annual return in excess of 24.4% per annum for 11 years, and 44% for the last five years.
The way I choose to invest is on minimizing that risk so if a stock loses some value this day or that day, which is very possible, I’ll still have that dividend policy to fall back on. Sometimes I imagine what if people you trusted all pulled their money in and invested in stocks, mainly dividend stocks, and used those quarterly or monthly proceeds however you all saw fit.