There's a well-known approach you'll be able to stretch your funding -- even when it begins as a si
There’s a well-known approach you’ll be able to stretch your funding — even when it begins as a single share — to the place it could possibly greater than present for any wants you might need in retirement.
So how are you going to make your holding — regardless of how small initially — flip into one thing you can really afford to reside on?
Easy: Reinvest dividends.
Look, I get it… A few of you want all of your dividend money proper now. However should you don’t have to reside off your dividends immediately, reinvesting them generally is a a lot better approach to create an enduring (and rising) stream of revenue.
Let me clarify…
How Dividend Reinvesting May Double Your Annual Earnings Over Time
Dividends are one of the highly effective wealth-building instruments in an investor’s arsenal due to the phenomenon of compounding.
By reinvesting your dividend checks (as a substitute of cashing…