"Is dividend investing suitable for someone in the 60s?"
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I’d be worried too. You’ve saved up money. You know now is the time to get started investing. But you also know you can’t afford to make heavy mistakes in the stock market. I got this during my The Secret to Portfolio Creation for Retirement webinar a few weeks back… Willie, Is it too late to start investing? Is dividend investing suitable for someone in the 60s?? You'd be surprised over the years, I've found many highly successful, ordinary dividend investors who have amassed dividend income for themselves. Anne Scheiber was an retail investor. She took investing seriously only in her 50s and steadily built her nest egg over time. During these years, she invested in stocks that compounded 22% returns per year and reinvested her dividends... If you ask me, it’s never too late to start. Since running my Diligence Wealth Club community over the years, we’ve at least 40% of my members collecting >S$10,000 of annual dividend income. We’ve at least 20% of my members collecting >S$50,000 of annual dividend income. Some even hitting 6-figures dividend income. And aren’t counting capital gains (I assure you many of them started investing at a much, much later age)... These numbers continue to grow year after year. So, it's not about knowing if it's too late or suitable to invest. The big secret to getting passive income is… To just get started. And btw, there were 2 reasons why Anne Scheiber had to invest for herself. I hope you agree. Have a great weekend ahead! Sometimes, investing can be simple. Willie Keng, CFA Founder, dividendtitan.com P.S. Like this issue? Click HERE to join other dividend investors reading my DT Compound Letter. I send my regular letters to your inbox. |
Dividend Titan
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