Making Dividends Pay
Thanks to Grandmother and her son (aka, Dad), my siblings and I inherited a nice chunk of stock, but all of one company. While said company is doing quite well, and paying nice dividends, I realized I had zero diversity. A change in stock price of just a few cents can be quite exhilarating or appalling (I try not to look). While in my father's hands, the dividends were largely reinvested in more of the same shares, but I decided to use that cash to branch out and broaden my base, hoping for more stability. Proceeds from the "legacy portfolio" now fund my Roth IRA, giving me opportunity to pursue other opportunities to stock up.
Pressly
Pressly
