Investing in dividend stocks for monthly cash is nothing new. Savvy investors and the super rich have been doing this for generations and passing down this trading strategy to their heirs to make life easier for themselves. There is a misconception that you need hundreds of thousands of dollars to even start thinking about doing this for yourself. Well I'm here to say that you don't need as much as you may think to get started. Granted the more you have to start with the more your monthly checks will be. But I don't want you to get scared off thinking you can start small and work your way up to something big enough to make a real difference in your life. There are over 3300 profitable companies this year paying dividends to their investors and believe it or not the price per share on these are as low as $.86 per share. Now share price has very little to do with how much money you can make. The yield that the stock gives you or the return on investment is what is going to make you your money. Remember to balance the potential profit along with the cost of doing business or better known as cost per trade or commission. The cheapest commissions out there so far that I have found is $2.50 per trade. So by the time you buy and the time you buy and sell your positions, you better make sure you made enough money to cover those cost and still made some profits.
Just out of high school I decided to be self employed, after running a successful manufacturing business I had a problem of making more money than I knew what to do with. I started investing, after 23 years of investing I now want to share my strategy with a select few that want an extra edge in their own investing.