Cheap The Ultimate Dividend Playbook: Income, Insight and Independence for Today's Investor (Book) (Morningstar Inc., Josh Peters) Price

Related Products

Customer Reviews of The Ultimate Dividend Playbook: Income, Insight and Independence for Today's Investor

josh is a breath of fresh air
I've taken Josh's newsletter for six months now, and appreciate his teaching approach which is now usefully captured in this book. He demystifies investing for dividend income, which I've now added to the several other approaches I use to structure my overall portfolio. I'm not yet to retirement, but still clearly see that dividend investing can play an important role for any type of investor. <
> <
>I'm most thankful that Josh is humble and sincere; he wants us to become more capable of looking out for ourselves in the financial markets -- this in dramatic contrast to the many hucksters who only want our money. <
> <
>Thanks Josh. <
> <
>Mike

---

Dividends: Income for Life
Like Clif, I am an early retiree who relies on dividends for an (in my case, modest) income stream. I disclose this so the reader can place this review in perspective. The thesis of this book coincided with my own investing philosophy, so I anticipated both friendly and familiar ground, but the author argued persuasively the advantages of dividend-paying stock strategy over alternatives, and he provided sufficient detail on the analysis of the dividend aspect of equities to improve my knowledge in this area. <
> <
> The book's thrust is that you may be better off receiving income via dividends than regularly selling off stocks from your portfolio or relying on fixed income instruments. Moreover, even if you are a long-term investor looking for a modicum of growth and not only immediate income, the author confirms the value-investing maxim that div-payers tend to perform better than non-div stocks over the long term. <
> <
>And to me perhaps the most convincing construction, also proposed by the book Active Value Investing, is that if you are going to own a stock and that stock's performance is flat or down for relatively long periods of time (say, during range-bound or bear markets), would you not want the stock to pay you for holding it in the meantime? <
> <
>The author uses a variety of methods to analyze how to select dividend-payers that are likely to continue paying, and increasing, their dividends. He focuses on ROE vice cash flow, and explains why. He also reveals his own portfolio. One nit-pick is the promotion of his newsletter, which is common among investing authors but nonetheless detracts a bit from the point being made. <
> <
> It is worth noting that this book was put to bed mid-2007, so his fairly unalloyed praise of REITs should be viewed in that context. He does somewhat presciently warn on the risks of bank dividends. Naturally, the principles of dividend investing apply, generally, regardless of the prevailing market condition, and the author also correctly cautions against the tendency to chase the highest dividend yields at any particular time rather than looking at a stock's dividend yield/growth history and other relevant factors. <
> <
>Many financial advisors and institutions recommend either singly or in combination the fixed income (bonds, annuities) or "sell x% of your stock portfolio each year" method of generating investment income streams. The author offers the dividend-stream approach as an equally viable consideration for the long-term investor. <
> <
>And finally, what the reader should expect from this book is less a list of what stocks to buy than "here's how to pick solid dividend-paying stocks, and here are the ones I selected."

---

the ultimate dividend playbook
This book is a must have for the serious long term investor.It proves that buying stong companies that consistently increase their dividends is a superior way to invest than the momentum style investing that is a waste of time and money.