It's the most lucrative investing strategy I've ever found. It won't happen overnight, but I'm convinced anyone can earn a significant amount of money with this strategy.
Let me explain...
Consider your typical income portfolio. It holds a position in a few dividend payers and maybe a fund or two. You get paid occasional dividends, that's for sure. But because you only hold a few positions that pay quarterly dividends, the income you receive is inconsistent.
That's where my 'Daily Paycheck' strategy is different. The goal is to build a high and steady stream of income. And as I've told you before, I want to build a portfolio that pays a dividend for every day of the year.
So right now, I'm earning more than 30 dividend checks a month from my portfolio. At the same time, I'm generating an average yield of 7%... and that's when interest rates -- which fuel the yields on most 'normal' income investments -- are their lowest in history.
There's a major caveat, though. And it's one that will cause most investors to never take the first step to start their own 'Daily Paycheck' portfolio. Most investors don't have the most important characteristic that allows you earn the greatest wealth via this strategy -- patience.
Take a $10,000 investment. In a portfolio like mine that earns an average yield of 7%, this amount would earn $700 in dividend income during the year. I wouldn't sneeze at $700, but it's just a fraction of what you could earn if you simply let your portfolio pay you year after year.
The table below shows exactly what I mean. It shows how much you'd earn... if you have patience. As you can see, even modest amounts can generate substantial dividends.
Your $10,000 investment would earn a staggering $7,000 in dividends in a decade. And this amount is before any capital gains and ignores any dividend increases.
I want to make something clear... this isn't a 'get-rich-quick' scheme. You aren't going to invest a few thousand dollars and be buying expensive sports cars or going on exotic vacations.
But I think that's part of what makes this style of investing so powerful...
See, if you want to become wealthy in the stock market, then it's probably not going to happen overnight. (Just ask early investors in Facebook (Nasdaq: FB)... they were down 26% just a week after the stock started trading publicly.)
The Investing Answer: The key is finding stocks that will pay you consistent dividends... and having the patience to let them grow your wealth over the long term.