YOUR GUIDE TO REACHING FINANCIAL FREEDOM WITH DIVIDENDS
Join 15k+ savvy investors reading the newsletter, and let Retire With Ryne grace your inbox every week as you build your perpetually growing, cash-flowing dividend stock portfolio.
The other day, my friend Jakob reached out to me with a great question, asking how I was able to choose the slow, steady process of dividend investing instead of a more exciting approach like day trading, options, or something more along those lines. And I think this gets to the heart of one of the hardest parts of investing: being patient.
The more you spend, the more you have to earn just to maintain that standard, and before you know it, the stuff you own starts controlling you instead of the other way around. This leaves you in a position where you're more dependent on the income from your job when you should be working toward the opposite.
The Ownership Dividend by Daniel Peris is one of the best books I've read in a while. This is why I think it's a must-read for all dividend investors.
Sometimes the biggest mistakes you’ll make in your dividend portfolio aren’t from doing the wrong things, like investing in a low quality dividend stock, but from not doing the right things, like letting high quality, discounted dividend stocks pass you by.
Your dividend investing journey unfolds in stages, with each one marking a milestone in the pursuit of financial freedom. In my own brief investing experience, I've found that there are five levels of dividend investing.
A dividend yield trap is a situation where an attractively high dividend yield masks underlying issues within a company, eventually leading to disappointment for investors. Fortunately, dividend yield traps can be pretty easy to identify.
In 2021, people around the world were living, on average, just over 70 years. That’s pretty amazing when you consider that only 200 years ago, people were only making it to about half that age. This remarkable increase is thanks to various improvements in science, healthcare, and global living conditions, along with something called "The Longevity Dividend.”
The ability to think for yourself and make your own decisions is paramount as a dividend investor. This is not to say that you should completely ignore the insights of others and not learn from more experienced investors, but blindly following the herd can lead to a lack of control over your portfolio and your financial future.
As dividend investors, we prioritize stability and reliability, and there's no better place to find these qualities than in a "toll booth" company.
When you first start investing, the growth of your dividend portfolio comes at a snail's pace and the momentum seems impossible to create. However, this doesn’t last long thanks to the dividend flywheel.
While the payout ratio is a reliable metric when it comes to analyzing the dividend safety of regular companies, REITs like to dance to a different beat. They have their own metric called the Funds from Operations (FFO) Payout Ratio, and that's what we need to focus on.
While many investors are attracted to high-yielding dividend stocks for their immediate income, I believe that dividend growth stocks are your secret weapon to building a successful portfolio over the long-term.
Right now, we’re knee-deep in the middle of earnings season. As I’m sure you can imagine, depending on the results, share prices can either soar or sink in a big way. That brings me to L’Oréal (LRLCY), my top dividend stock to buy in November, which also took a hit after its recent earnings report.
We dividend investors are always on the hunt for deals and discounts, but lately, it seems like good buying opportunities are pretty few and far between. With that said, all you need is one good find, and one of those is Robert Half Inc. (RHI), which is my top dividend stock to buy in October.
People often underestimate just how deeply fossil fuels are embedded in our daily lives, and I think the transition to a greater reliance on renewable energy is going to take decades, not just a few years. This creates a strong tailwind for companies in the energy sector like Chevron (CVX), which is my top dividend stock to buy in September.
With everything getting more expensive, people are less inclined to spend money on dining out—even at places known for cheap eats, which actually aren't all that cheap anymore. We’re seeing this play out right now with McDonald’s (MCD), for example, which is my top dividend stock pick for August.
As a Las Vegas local, I’m fortunate to be so close to legendary resorts like Caesars Palace, the Venetian, and the Mirage. Interestingly, these iconic spots, along with other major properties like MGM Grand, Mandalay Bay, New York New York, Excalibur, and Luxor, are all owned by one company, and that company is my top dividend stock pick for July.
In 2023, trucking was responsible for moving about 13.1B tons of goods across the U.S., accounting for a whopping 64.7% of all transported goods by weight. This leads me to believe that the companies who make up this industry, like my top dividend stock for June, might be worth considering.
Right now, you can throw a stone in practically any direction and hit a dividend stock discount, but this is my top dividend stock for May 2024.
After yet another booming month on the market, believe it or not, there are still some good dividend stock discounts out there to be found, but this is my top dividend stock for April 2024.
In the last month, there were quite a handful of stocks that saw more red than a Minor Threat concert, but this is my top dividend stock for March 2024.
While there are actually quite a few good looking dividend stock deals on the market right now, one in particular has captured my attention and, more importantly, my investment dollars. This is my top dividend stock for February 2024.
My Dividend Investing Goals For 2024
As we close out 2023, and gear up for what's sure to be another interesting ride in 2024, I wanted to spill the beans on my dividend investing goals for the upcoming year.
I’m Making A BIG CHANGE To My Portfolio
They say your portfolio is like a bar of soap – the more you handle it, the smaller it gets. I'm a firm believer in that analogy, and try my best not to tinker with my dividend stock portfolio too much. Yet, every now and then, change becomes inevitable.
I’m Going To Sell This Dividend ETF
Parting ways with a stock is never easy. We dividend investors typically buy with the intent to hold forever – or at least until the dividends stop flowing. With that said, it’s easy to get attached to the dividend stocks you hold, but it’s also important to know when to fold ‘em.
My BIGGEST Dividend Payment Ever
Dividend investing is a lot like playing a video game. The longer you play, and the deeper you get into the game, the more experience points (XP) your character will accrue, and the same thing actually happens as an investor. The more you invest, and the longer you do it, the more you will level-up and reach new milestones in your portfolio.
I Just Sold This Dividend King
Sometimes the stocks you invest in turn out to be weeds. Sometimes they don’t live up to your investment thesis, and sometimes you realize that you didn’t even have a strong investment thesis to begin with.