When should I buy the stocks in the Start Out Portfolio?
While my hope is that you work to build a portfolio that includes all of the Dividend Hunter recommended investments, the Start Out Portfolio gives you the opportunity to get started right away with up to five of my best recommendations.
You will not earn any dividends until you own some shares, so make your first investments now, or as soon as you have some money available to invest. You can start small, buying a few shares at a time and building from there.
Are all of the stocks in the portfolio IRS Form 1099 reporting stocks? Any Dividend Hunter stocks report with an IRS Schedule K-1 Form? And why?
It is my policy to never include a Schedule K-1 reporting investment on the Dividend Hunter recommendations list.
K-1 investments create more complicated tax reporting and can lead to very negative tax consequences if held in a qualified retirement account, such as an IRA.
Explain record date, ex-dividend date, and payment date and what they mean to me as an income investor.
No dividend is guaranteed until it is declared by the underlying company. Each dividend declaration includes the dividend amount, the record date, and the payment date.
Share owners on the record date will receive the dividend. Due to market settlement rules, shares must be purchased at least two days before the record date to be considered officially owned on the record date.
If you buy shares the day before the record date, the shares come without the next dividend payment. We call that the ex-dividend date. If you want to earn a declared dividend you must own or buy shares before the ex-dividend date, which is the business day before the record date.
What’s the latest date that I need to buy a stock to collect the upcoming dividend?
If you want to earn a declared dividend you must own or buy shares before the ex-dividend date, which is the business day before the record date.
Is dividend reinvestment with my broker the same as a DRIP? And how do I set it up?
Practically speaking dividend reinvestment is a much better deal compared to company offered DRIP plans. Through your broker you can reinvest dividends for almost any dividend paying security, there are no fees involved with automatic dividend reinvestment, you can change it at any time, and it is easy (and free) to sell fractional shares you might have acquired.
If you set up automatic reinvestment with high-quality, high-yield stocks, you will painlessly see your wealth and income grow.
How are Monthly Dividend Multiplier and Weekly Income Accelerator different from the Dividend Hunter and do I need them?
Monthly Dividend Multiplier and Weekly Income Accelerator help you employ two proven strategies to meet your investing goals. Both of these integrate well with the Dividend Hunter strategy.
With Monthly Dividend Multiplier I use the proven, conservative dividend growth strategy to help you grow your wealth. Dividend growth generates attractive total returns. I target an average annual compounding return in the mid-teens. This is expect to double your investment in five to seven years. This is a longer term focused strategy that will help you grow your total wealth. Check out my instructional video on how it works.
Weekly Income Accelerator is a covered call options service. I team up with Jay Soloff, our options expert to train you to trade covered calls and we provide recommended trades. Trading options requires some work. We send out, on average, a couple of trades per week. You do not need to do any research or planning, just follow along with the trade details we give you. Our returns have been very attractive, exceeding our target of 2% per month on individual trades. Watch this video to see how it can work for you by putting in just a few minutes each week.
How do I buy preferred shares? I can’t find them in my brokerage account.
Just to make our lives more interesting, each brokerage firm uses a different format for preferred stock symbols.
I have a special report in preferred stocks, which you really should read, that includes how each of the major (and minor) brokers lists preferred share symbols. Read the report here.
Do you do covered calls on Dividend Hunter stocks? If not, then why?
In a word: nope. I have two main reasons for that answer.
First, the types of stocks that make good Dividend Hunter investments usually do not have active option trading with acceptable option prices.
Second, the Dividend Hunter strategy focuses on earning great dividends with buy-and-hold investments. Having your shares called away as can happen with covered call trading may cause you to miss dividend payments.
Third, (okay, I miscounted), when I make covered call recommendations in the Weekly Income Accelerator service, I want to make excellent returns. I select stocks and options which do that. These stocks would not make the cut as Dividend Hunter investments.
Want more about Weekly Income Accelerator and making covered calls? Check out my short video, click here.
How do subscribers get their questions answered?
Each week I collect questions from subscribers and then I answer them on the Weekly Mailbag video. The video is emailed to subscribers and posted to the website every Friday. Since a lot of subscribers tend to have similar questions, watching the video will often answer your questions and give you great additional information.
For questions about your subscription – billing, renewals, password, etc. – it’s best to contact customer service directly at our toll-free number 1-855-566-6100. Business hours are Monday through Friday, 9:30 a.m. to 4:30 p.m. eastern, excluding holidays.
What is Divcaster?
With the Dividend Hunter, tracking income is our primary success metric. If your quarterly (or in some cases monthly) income is stable to growing, you are on the right track. Divcaster is our tool that automates your income tracking. When you signed up for the Dividend Hunter you were given free 60 day access to Divcaster to see how to integrate into your own investing strategy. To get started, check out this video my colleague Jared recorded.