Learn how to grow your dividend snowball with three key strategies: saving aggressively, reinvesting dividends, and focusing on companies with fast-growing payouts. Perfect for new and seasoned dividend investors alike!
I chased yield in the beginning. My additions to a holding overwhelmed any dividend or any bit of capital appreciation.
I made sure to enable dividend reinvesting while adding regularly to my holdings.
Some of the holdings grew their dividends and I saw the snowball turn into an avalanche. Other holdings did not grow their dividend and the snowball stayed a snowball. Having both to compare in my accounts was a blessing.
Starting in December, I rejiggered my income portfolio to focus on dividend growers. Many holdings were let go ($CHI, $PFLT, $STWD, etc) and some new ones came in ($GIS, $TROW, $VICI, etc). I would love to see consumer staples like Pepsi and Hershey come down in price so they reach my 4% threshold. Coca-Cola, Proctor & Gamble, and Colgate at 4% would be a dream come true!
That's me to a tee.
I chased yield in the beginning. My additions to a holding overwhelmed any dividend or any bit of capital appreciation.
I made sure to enable dividend reinvesting while adding regularly to my holdings.
Some of the holdings grew their dividends and I saw the snowball turn into an avalanche. Other holdings did not grow their dividend and the snowball stayed a snowball. Having both to compare in my accounts was a blessing.
Starting in December, I rejiggered my income portfolio to focus on dividend growers. Many holdings were let go ($CHI, $PFLT, $STWD, etc) and some new ones came in ($GIS, $TROW, $VICI, etc). I would love to see consumer staples like Pepsi and Hershey come down in price so they reach my 4% threshold. Coca-Cola, Proctor & Gamble, and Colgate at 4% would be a dream come true!