Inergy, L.P. Declares 28th Consecutive Increase in Quarterly Cash Distribution
I'm afraid I've bought some at the top. But I'm not going to sell them at the bottom.I seldom sell stocks either.At this time I'm about 50% in the hole. I'm not to bright :]I didn't make out to well buying and selling stocks .So I started buying all dividend paying stocks and placed 1/2 of my holdings into the reinvestment plan. I hold the following but not all raise their dividends as the ones posted above.
PS: It was articles like this that had me change over to dividend paying stocks.
Sitting on Grandpa's dividend-paying stock portfolio is a fine approach if your goal is to preserve wealth and generate an income stream. And building your own is a pretty good approach if you want to build wealth, particularly if market volatility makes you nervous. How so? Instead of taking those dividends as income, reinvest them -- use them to buy more stock.
The practice of reinvesting dividends can turn boring performance into market-beating returns, partly because dividend-paying companies tend to be stable and mature. At first glance, that may appear to be a mixed blessing: good because they're much less volatile in choppy markets, bad because they're less likely to rocket to 10-bagger levels of return. But they'll show solid growth over time, and combined with the power of dividend reinvestment, a well-chosen portfolio of dividend-paying stocks has a great chance of outperforming the market over the long haul.