Earning Residual Income Through Dividend Paying Stocks: Let Your Money Make You More Money by Michael Cimicata

Author:Michael Cimicata [Cimicata, Michael]
Language: eng
Format: epub
Publisher: Lulu.com
Published: 2013-10-16T16:00:00+00:00

Taking a Calculated Risk

I know what you are probably thinking Stocks are too risky… but wouldn’t you agree that putting your money in a simple bank savings account that is earning 1% a year is risky too? It is easy to play it safe, and accept the fact that you will be working until you are 80…but don’t you want something more than that?

In addition to investing time and money, many people that are generating tons of residual income have taken risks to build up those streams. One of the first steps is to face the fact that you will have to take calculated risks from time to time if you want to build residual income streams.

There is one thing that you must understand about stock market investing; a stock is a representation of ownership in a business. It simply shows that you have an ownership stake in a company. Owning stocks is similar to having a car title, which proves ownership of your car. Furthermore, your stocks or shares will always be worth something, as long as the company is in business.

If your car blows up, then your car title is worthless. If the business shuts down, then your stock is worthless.

This is what makes dividend investing so cool; only solid companies that actually make money can pay dividends.

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