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The Ultimate Dividend Playbook: Income, Insight, and Independence for Today's Investor
by Josh Peters
Many people believe that the key to success in the stock market is buying low and selling high. But how many investors have the time, talent, and luck to earn consistent returns this way? In The Ultimate Dividend Playbook: Income, Insight, and Independence for Today's Investor, Josh Peters, editor of the monthly Morningstar DividendInvestor newsletter, shows you why you do ...more
Hardcover, 352 pages
Published January 1st 2008 by John Wiley & Sons
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This easy to understand guide to dividend investing first demonstrates the benefits of investing in dividend paying stocks compared to speculating on stocks to realize profits through capital gains (what the average day trader does, with middling results). I've read that the average day trader makes about $50 on each set of trades, and so just barely survives. Additionally, owning shares through mutual funds means having to pay fees to the fund managers. Direct ownership of stocks which pay divi ...more
It's kind of an uneven book. At times, Peters makes things beautifully simple and clear. Sometimes, he even makes things too simplistic. Then, all of a sudden, he throws in something utterly opaque and technical. He gives an overview of numerous industries, and compares his strategy to other market strategies, but he usually only gives a cursory overview of other strategies. The entire book is pretty much devoted to a single strategy, with a narrow range of variation. A lot of the book is repeti ...more
As a subscriber to the author's Morningstar Dividend Investor publication, it was nice to see Peters have a chance to expand on his philosophies and strategies. The reader should be aware that Peters is not a get rich quick practitioner. He does not oversell and does not claim (as many of his competitors do) that he is the greatest investor of all time. Rather he humbly sets forth a strategy that involves purchasing dividend paying stocks where the stock appears to be undervalued, the dividend h ...more
Aside from Jaime and Josh, no one is happier that this book is finished than me. My neighbor's stress has finally settled into the Alpine, a sharp drop from the ozone layer from which it was hovering. Seriously, this is a unique and simple look at investing that long-term investors should consider. While I openly disagree with Josh regularly on some utility issues, I immensely respect his opinions and infinitely independent point of view. I think that every investor should give this a read. **Fa ...more
A great book about the benefits of dividend investing. The author is a major contributor to Morning Star and practices what he teaches in dividend investing. He may be a bit biased towards the benefits of dividend investing over other types of investments so that should be kept in mind. This book was written before the current crisis we're in occurred so this book is probably best read if your time horizon for investing is somewhat longer. (Measured in years, not months.)