The Ultimate Dividend Playbook By Josh Peters, CFA
Peters begins introducing his favorite investor, Marjorie Bradt.
No, you have never heard of her. She is a client who has served as an assistant broker. Ms. Blatter's father distributed her $ 6,000 worth of AT & T shares in the late 1950s and early 1960s. She signed up for AT & T's dividend reinvestment plan, holding the stock and continuing to reinvest dividends. In 1984, a court ordered AT & T to break down into "baby bells", and they had divested companies. Most people pay dividends, and she continues to reinvest. By 1999, her portfolio was valued at more than $ 1 million. Strangely enough, given the subject matter of this book, Mr. Peters does not tell us how much her annual dividend income is.
I would like him to have a better understanding of Ms. Brett. Did she even remember that she owned the stock? Did she ever feel like trying to liquidate the stock? At some point, she and her husband must feel the need for more money. Why did not she add more money to her portfolio?
Nevertheless, this is a great story. This is not easy to reproduce because the $ 6,000 is a lot of money in those days – a respectable middle class annual income, believing or not. And because AT & T's history is unique.
Unfortunately, Mr. Peter himself does not show much patience. He mentioned that the stock does not meet his expectations
He is very concerned about the analysis of individual stocks. Earlier, he abandoned the value of mutual funds and exchange-traded funds, and later criticized the concept of diversification, which of course is the reason investors invest their money in mutual funds and exchange trades
One book is a little strange, it is to provide investors with the guidance of the establishment of mutual funds. (Mr Peters is the editor of Morningstar Dividend Investor, their newsletter on dividend investment.)
This is the weakness of this book, in my mind. The author is a financial analyst and has a good understanding of how to pay dividends and how to reduce its stock
However, this makes the whole process very difficult for ordinary investors who are not CFA. They may spend many hours of free time trying to replicate what he does and will not approach.
Most readers will not even try. They will either give up their dividends or subscribe for dividend investors to get Peter's advice on a regular basis.
I pay tribute to the author, because I think only I understand – the investment risk is not
In summary, I recommend this book to the Everyone wants to know whether a dividend is a good idea