I'm bored so I've been toying with the idea of investing in a ton of dividend stocks such that you are always getting some money rolling in and then what you do is you incrementally use that money to buy 1 stock of a company that is close to its dividend payout date. Its like DRIP, except when you DRIP you are buying the stock when it is the farthest possible away from payout another dividend. This way you use the dividends from other stocks to buy stocks that are closer to the ex-dividend date. Ideally in this strategy you would want to have a list of stocks such that there is always one of them close to their ex-dividend date.
Submitted February 06, 2021 at 04:58PM by johnhammondsexpenses https://ift.tt/3aVrvp9
