I’m currently in a position to put about 10k per month towards investments. In 2021 it’ll be 14k. I’m 32.
My question is about dividend investing and if it’s too good to be true. According to the website below with the default conservative numbers, if i save about 13k a month for 15yrs with dividend reinvestment, I’ll have about 4.7 million with 150k/yr dividends.
What’s the catch? And if you assume yield rates higher than 3.2, it explodes to 500k a yr, etc.
Can it be this simple to break into the millions? Im talking 10s of millions. What am i not seeing?
Submitted April 04, 2019 at 06:42PM by travelingscribe https://ift.tt/2HZAJ7G
