http://finance.yahoo.com/q?s=AWC
Look up AWC at yahoo finance above. Look at the dividend yield, and the 52 week high/low.
I wouldn't bet the farm on this one. In fact, I wouldn't buy it until I am convinced there will not be a double dip recession. The yield looks nice though. I think I'll just hold AOD for the time being.
Any opinions on this one?
Tuesday, June 30, 2009
Friday, June 12, 2009
The Proper Mindset for Passive Income
The first thing to do when building passive income is to divert as much money as possible to your brokerage account. You will then buy the best stocks at the best price possible. If you have enough to retire on at the moment, then you would look into stocks and funds with low expenses that will provide your new income. There is an excellent etf (ticker: AOD) that provides high monthly income.
You still have a second option, and that is to purchase rental properties and/or a business that can largely run without you, like a coin op laundry or a storage business, etc. Make sure you have a big cushion between your debt for the property/business and your income from the business.
I would have investments in the stock market, regardless of what “they” say about it. Listen to rich people teach about investing and passive income, not broke marketers. When the marketer says the stock market isn’t as good as other investments, say the words, “Warren Buffett”, and move on.
Recessions are when the deals are made by the pros and when the losers scream that it’s all gonna go to zero. Forget the losers.
The next thing to do is to liquidate other non income producing assets and invest in income producing stocks, funds, real estate, and/or businesses. Non income producing assets include: extra cars, your house (if it’s too expensive), boats, collections, gold, antiques, and any personal, household, or business items that do not put money in your pocket.
The next thing to do is to make a budget and eliminate debt. If you allow your spending to get out of control, it makes no sense to try to create passive income.
Whatever you do, make sure that you have enough passive income after you retire to travel, handle emergencies, Christmas, etc. Have as large as a cushion as possible. Be sure to maintain an emergency fund until your untimely demise.
So here is what you do. Start to study and research investments and accumulate capital. Become absolutely indispensible at work and put that raise towards excellent investments.
You still have a second option, and that is to purchase rental properties and/or a business that can largely run without you, like a coin op laundry or a storage business, etc. Make sure you have a big cushion between your debt for the property/business and your income from the business.
I would have investments in the stock market, regardless of what “they” say about it. Listen to rich people teach about investing and passive income, not broke marketers. When the marketer says the stock market isn’t as good as other investments, say the words, “Warren Buffett”, and move on.
Recessions are when the deals are made by the pros and when the losers scream that it’s all gonna go to zero. Forget the losers.
The next thing to do is to liquidate other non income producing assets and invest in income producing stocks, funds, real estate, and/or businesses. Non income producing assets include: extra cars, your house (if it’s too expensive), boats, collections, gold, antiques, and any personal, household, or business items that do not put money in your pocket.
The next thing to do is to make a budget and eliminate debt. If you allow your spending to get out of control, it makes no sense to try to create passive income.
Whatever you do, make sure that you have enough passive income after you retire to travel, handle emergencies, Christmas, etc. Have as large as a cushion as possible. Be sure to maintain an emergency fund until your untimely demise.
So here is what you do. Start to study and research investments and accumulate capital. Become absolutely indispensible at work and put that raise towards excellent investments.
Tuesday, June 9, 2009
Get the Ball Rolling
One thing that you could do to start planning your escape from the rat race, is to:
list every reason you can think of to escape the rat race.
After you have listed a lot of reasons to escape the rat race, you will likely feel like cutting spending, working harder, and investigating different investments.
Look at this list of reasons to escape the rat race as often as you need to keep motivated.
list every reason you can think of to escape the rat race.
After you have listed a lot of reasons to escape the rat race, you will likely feel like cutting spending, working harder, and investigating different investments.
Look at this list of reasons to escape the rat race as often as you need to keep motivated.
Monday, June 8, 2009
Good Quotes for Passive Income Seekers
"To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterpriseinto profit; turn profit into investment; and turn investment into financial independence."
"If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five."
-- Jim Rohn
These are a couple of good things for people, especially grads, to think about and act upon.
"If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five."
-- Jim Rohn
These are a couple of good things for people, especially grads, to think about and act upon.
AOD
Alpine Dynamic Dividend Fund (AOD) is a great ETF for investors seeking dividends.
http://finance.yahoo.com/q?s=AOD Take a look at AOD on Yahoo.
Sure, the dividend yield shank a lot so far this year, but the price of this etf has risen the last couple months.
The last time I checked, this etf has some excellent holdings, like PFE.
If you want dividends paid monthly and at the highest rate I know of, ask your broker about AOD.
http://finance.yahoo.com/q?s=AOD Take a look at AOD on Yahoo.
Sure, the dividend yield shank a lot so far this year, but the price of this etf has risen the last couple months.
The last time I checked, this etf has some excellent holdings, like PFE.
If you want dividends paid monthly and at the highest rate I know of, ask your broker about AOD.
Wednesday, April 22, 2009
Navios Maritime
Be sure to look up NM - Navios Maritime. Navios is currently selling for abt $3.50 a share.
NM may head to $40/share in the next couple years. Shipping stocks were recently upgraded.
Be sure to read the Street's (Jim Cramer) take on NM. I own a pretty good size holding of NM.
You should look into it too.
NM may head to $40/share in the next couple years. Shipping stocks were recently upgraded.
Be sure to read the Street's (Jim Cramer) take on NM. I own a pretty good size holding of NM.
You should look into it too.
Wednesday, April 1, 2009
Navios Maritime (NM) 10% Dividend
NM is a steal at today's price. NM pays a 10% dividend. I know a serious investor who says Navios is going to $40. With a 10 % dividend, you and I might have our cake and eat it too.
I have discovered a couple other stocks that pay big dividends. I will write about them soon.
Navios Maritime Holdings, Inc., a seaborne shipping and logistics company, focuses on the transport and transshipment of drybulk commodities, including iron ore, coal, and grain. As of December 31, 2007, its fleet consisted of 62 vessels, aggregating approximately 6 million deadweight tons or dwt. The company owned 10 Ultra Handymax (50,000-55,000 dwt), 5 Panamax (70,000-83,000 dwt), 1 Capesize (approximately 100,000 dwt), and 1 Handysize (10,000-30,000 dwt) product tanker vessels. It also time charters in and operates a fleet of 5 Ultra-Handymax, 5 Handysize, 11 Panamax, 7 Kamsarmax, and 9 Capesize vessels under long-term time charters. In addition, the company owns and operates bulk transfer and storage port facility in Uruguay. It serves raw materials producers, agricultural traders and exporters, industrial end-users, shipowners, and charterers. The company was formerly known as Nautilus Maritime Holdings, Inc. and changed its name to Navios Maritime Holdings, Inc. in 2003. Navios Maritime Holdings, Inc. is headquartered in Piraeus, Greece.
Do your due diligence and good luck!
I have discovered a couple other stocks that pay big dividends. I will write about them soon.
Navios Maritime Holdings, Inc., a seaborne shipping and logistics company, focuses on the transport and transshipment of drybulk commodities, including iron ore, coal, and grain. As of December 31, 2007, its fleet consisted of 62 vessels, aggregating approximately 6 million deadweight tons or dwt. The company owned 10 Ultra Handymax (50,000-55,000 dwt), 5 Panamax (70,000-83,000 dwt), 1 Capesize (approximately 100,000 dwt), and 1 Handysize (10,000-30,000 dwt) product tanker vessels. It also time charters in and operates a fleet of 5 Ultra-Handymax, 5 Handysize, 11 Panamax, 7 Kamsarmax, and 9 Capesize vessels under long-term time charters. In addition, the company owns and operates bulk transfer and storage port facility in Uruguay. It serves raw materials producers, agricultural traders and exporters, industrial end-users, shipowners, and charterers. The company was formerly known as Nautilus Maritime Holdings, Inc. and changed its name to Navios Maritime Holdings, Inc. in 2003. Navios Maritime Holdings, Inc. is headquartered in Piraeus, Greece.
Do your due diligence and good luck!
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