The Dividend Rich Investor: Building Wealth with Stocks That Pay Increasing Dividends

by Joseph Tigue

Book Overview

Smart investors know that the safest way to build wealth is to buy stocks that consistently pay dividends. Now Standard & Poo's the nation's leading securities information company, has distilled this... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0070646392
• ISBN13: 9780070646391
• Release Date: January 1996
• Publisher: McGraw-Hill Companies
• Length: 225 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.9" x 5.7" x 8.3"

Customer Reviews

Excelent book for Beginners - Maybe One Major Mistake

As I said in the title, and many other reviewers have pointed out, this is an excelent book for beginners in the stock market. Even more if you're confused by the array of stocks to buy and techniques to select them. Having said that, I must point out one major flaw that I think the authors have made when writing the book. In the first chapters they mention the total return that an investor would have received from SP500 in the 70s based in the index itself and with the dividends reinvested. In my opinion, being the SP500 a total return index, i.e. one in which the reinvestment of dividends is included, the total return should be the same. Nonetheless the idea makes a point in showing the importance of dividend reinvestment policies. Besides this minor mistake, the book is an excelent read and guide to the stock market.

Dividends, the key to investing success..

This is a very good book, and simple to read for even novice investors. A note, the entire book deals only with US listed stocks, so, to buy any of the stocks listed here, you need a broker with access to US markets. The book covers compounding of dividends, a very, very important subject. It also warns about selecting stocks with yields that are too high, and unlikely to be maintained, or stocks which have a high yield, but are cyclical. This is a very good book, for anyone, who might be considering thier retirement investment strategy. A word of warning: This book is not about returns of 2000% per annum. Dividends are dull and boring. But, they make a good basis for investment.

Highly recommended for beginners

It's not exactly the most glamorous way to invest in stocks, but selecting good quality dividend paying stocks is a great way to earn passive income over a long period of time.This book contained a few lists of stocks with average yields and so forth which I found helpful, but the sheer amount of numbers became mind numbing at times. Overall, I found some really good information in here about how to select reliable dividend paying stocks and which ones to avoid. Some of the issues covered were companies that regularly increase their dividend yield, how to aggressively buy stocks in companies which have actually cut their dividend recently. I was surprised that the authors advocated buying stocks with low, but increasing yields. After reading that chapter, I can see their point. If you want to chase high growth, high paying stocks, don't go for dividend paying stocks.I'm giving this book 4 stars because I think it provides much valuable, but basic, information. This book will only appeal to novice or beginning investors who know little or nothing about dividend paying stocks. If you're more of an advanced investor who likes buying high flying Internet stocks, you can skip this book. Dividend investing is a very conservative, long term investment method, and if that's what you're looking for, by all means buy this book.

Best investment advice

The dividend investing approach illustrated in this book is perhaps the most under-rated, under-promoted investment strategy. It's not as exciting as investing in internet stocks, but it's very easy to implement and it can create an amazing income for life. I especially recommend this book for young investors.

This book changed my life.

I used to think dividends were a bad thing come tax time. Well written and informative.