Dividend stocks get a bad wrap as “boring” and “slow.” And the truth is, they are those things sometimes. But they’re also the overlooked way to optimize a tiny trading account! Let me tell you why…
How I’m Trading Small Accounts with the “Double Dip”
All the time, I get asked how I’d build a tiny trading account. Not one with $10k or $5k, but $1,000, $500, or even less! I think I’ve stumbled upon the answer, and it has to do with the “Double Dip.”
When I say the word “dividend,” what comes to mind?
You might think “oh, that’s a nice little bonus on stocks I want to own.”
You might be thinking “I have a few dividend stocks in an account somewhere that I forgot about!”
But if you’re like far too many traders, you might be thinking words like “boring,” “slow,” and “insignificant.”
And that’s a mistaken assumption.
Dividends aren’t necessarily the “sexy” winners that high-roller traders like to brag about.
But you can’t ignore them, either.
The fact is that dividend stocks are a tremendous bonus on stocks you already want to own.
And over time, the payouts can be impactful!
But the real success comes when you pair good dividends with a stock you expect to grow over time, anyway.
Then you can see some real results! That’s what I do with the “double dip.”
I basically take the same Fibonacci and EMA tools I use with the “market roadmap”...
Identify stocks that I think should be primed to climb anyway…
And if I place those trades on a stock with a high dividend yield (I’ve got a watchlist of my favorites), I watch the stock grow and collect the dividend payouts along the way!
I’m not telling you you have to make it your strategy.
But I wanted to pass it along, so dividends stop getting a bad rap!
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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