Dividend stocks are an essential tool in building long-term wealth. Yes, buying low and selling high gets the heart going, and makes for great stories to share with your buddies, but it is often accompanied by its less welcome cousin, buying high and selling low, or the family weirdo, buying low and staying low, wasting years, and eating up fees and opportunity cost in the meantime. Dividend stocks make good returns better, bad ones less bad, and ensure your money is always working (i.e. providing a return) even if the stock itself is flat.
A few days ago, a friend was visiting, and she remarked that I had the same real estate investing book on my shelf as she has on hers. Neither of us has ever invested in real estate, other than the houses we live in. (I don’t consider a primary residence an investment because my family and I need a place to live – but that, as they say, is a topic for another post.) She knows I that invest in stocks, and she asked why I had chosen stocks over real estate. Here’s the answer.
It’s no secret how expensive it is to raise kids. It is also no secret that as a society, we are not as active or fit as we used to be. The Children’s Fitness Tax Credit attempts to address both of these problems.