Dividend Trifecta or Daily Paycheck Strategy
by jetg87 | February 7, 2013 8:59 pm
Heys guys.
I got this from a newsletter yesterday, I believe it was a Penny Sleuth[1], don’t remember, but took alot of notes to inquire. Amy Calistri[2] is the woman who claims to have come up with this dividend trifecta deal where she basically discusses locating companies with multiple years of increasing annual dividends[3], being between 8%-15% high yield[4], and being stable although high yield.
Her purpose for owning these stocks would be to get a monthly paycheck from a principal scattered throughout them creating a monthly income from dividends. Then every month rolling over the income into more shares compounding interest then creating a nice sum of money yearly not to mention after a decade or two.
She claims there is about a 100 stocks that fit the bill and her newsletter will tell all, as is tradition.
My question, does anyone know the reasonable reality behind her strategy and if so how should I go about trying to locate stocks like these myself through personal screening.
What do you guys think? I’ve never dealt much with dividends and naturally love how it sounds, but as always, ever skeptical on it being that simple.
Jet.
- Penny Sleuth: https://www.stockgumshoe.com/tag/penny-sleuth/
- Amy Calistri: https://www.stockgumshoe.com/tag/amy-calistri/
- dividends: https://www.stockgumshoe.com/tag/dividends/
- high yield: https://www.stockgumshoe.com/tag/high-yield/
Source URL: https://www.stockgumshoe.com/2013/02/microblog-dividend-trifecta-or-daily-paycheck-strategy/
Go here:
http://dynamicdividend.com/dividend-dynamos/
They have all kinds of lists of dividend-payors.
Winstonlee, great find. A plethora of good data and information. Only benefit I might see in
her Trifecta is that she’s done all the work. I started my own dividend program a year ago and I’m beating her hands down. My challenge is to keep up my record which isn’t easy. I think I was lucky but I dumped our Apple three times, the last at $154 and bought CQP at $8.44. Its appreciation and dividend has beaten Apple even when it hit $625. So it works. I’m averaging 16% yield on seven stocks. The key is to buy a nice paying dividend stock at a low PPS which maximizes yield. That’s why Buffett is “fat city” with the likes of Coca Cola.
Hey Ed. With those yields you need to start a newsletter! How can I do the same?
No way…I wouldn’t sleep at night. As you know with yield so comes risk.
So Ed, do you collect dividends each day, as Ms. Calistri promises her service helps you to do?
No. To collect dividends each day requires having stocks or Closed Funds all
staggered over a quarter or months with each having a different pay-date.
Most dividend paying stocks are quarterly. Back when Canadian Oil Trusts
were operating they paid monthly. It’s one heck of a job to find a good yielding
stock that has a pay-date you want. I have one that’s monthly and the other
six that are quarterly. So I get thirty-six deposits with seven stocks. I’d rather
have a good yielding stock that holds its value than a check each day. Another
thing I just learned is that you have to be careful buying Trusts and MLP’s
because all are not equal when it comes Tax Time. CQP is an MLP which
involves a K-1 at Tax Time. But I have one Trust that although you get a
dividend each quarter, at Tax Time THEY break it up into a 1099-OID and a
1099-B plus expenses. This is an aggravator.
Hi, Ed. Would you care to start a blog about what you have invested in? I’ve stopped using the investment company that my employer offers because they charge too much. I’m beginning my own investments and one of them will be with dividend payers. I’d love to know more about what you do. I’ve also followed Dividend Mantra’s site and Dividend Partisan as well.
Thanks, in-advance, for your advice!
Regards,
Deborah
The dynamicdividend.com/dividend-dynamos/ link seems dead it does not work. Does anybody know how to get to it?
Use dividend calendar .com. They list by the day all dividend stocks paying. I take the ones 8% and higher. Buy them 5-10 days before they go ex dividend. Many will go up higher than the dividend they pay. Sell those pocket the growth. The others hold until exdividend. If they are green sell them at the open. If there red hold them until the market bounces them back. Look at bgc and wsr. I am up almost 2k since i bought them. Selling at the bell. The gain is higher than the dividend. You have to work at this its a job not easy. Allot of stratedgy on when to buy and sell. Its allot of fun also. With a bank of 120k i believe you can earn 120k in growth and dividends a year.
Wow, Glenn. Think I’m gonna get started on this project. Might need some hand holding!
How have you done with this Nancy? Glenn, are you still doing it? How’s it going for you?
Update?