4 votes

Building a Dividend Portfolio (Basic Income): GORO, PEGI, VALE

Anyone have any other Dividend Stocks they like? Should we be talking about this stuff the same way we talk about Gold and Silver (GORO is a Gold and Silver mining company that pays out a monthly dividend, in Silver or Gold if you ask).

I just started getting into this. I look back and see how well off I'd be if I had even $1000 to invest after the 2008 crash.

Any specific Stocks you want to share?

I am going to a target goal of building a porfolio that'll pay me out a Basic Income (which in the U.S. is proposed at something like $1000/month).

I think, in addition to promoting a welfare reform program like Basic Income, that we should also educate people on how to build their own Basic Income whether or not we get one passed through Congress (I understand many on here have issues with a Basic Income, but it very much has libertarian/conservative roots, and basis in Science, and has shown to build local economies incredibly fast).

So high dividends are important, but so is sustainability (so things like SDT, SDR, MMTRS are skeptical investments).

Right now I'm looking at GOV and WY as post "crash" investments, and also some financial invests at that time. In the meantime, I'm debating "ethical investments" and whether something like RAI is really long-term (in my opinion is based on whether they transition into the Cannabis Industry, or, as their CEO said, remain in Tobacco solely).

I also am planning on going into GOE whenever I have enough Yield to justify the costs of holding Foreign Stocks.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

I've got a fair amount of my

I've got a fair amount of my savings in a no commission, low fee dividend ETF. I've been pretty pleased with it, and I'm going to invest more soon.

Watching NMFC - pays 9.16%

Just heard about it, not a recommendation.

God grants liberty only to those who love it, and are always ready to guard and defend it. – Daniel Webster

Interesting find!

Diverse portfolio: http://www.newmountaincapital.com/portfolio_companies.php?lv...

Creates jobs: https://en.wikipedia.org/wiki/New_Mountain_Capital

The IPO was fairly recent: https://research.sharebuilder.com/sharebuilder/Stocks/Snapsh... (2011 looks like).

My question would be does the diverse portfolio protect it against any future crash (currency crash for instance). I've looked back on some financial stocks and many of them are incredibly high right now compared to where they fell to in 2008.

If you look at something like GORO, it grew during the crisis, and is at a low point now, so I'm buying it now. I'm holding off on things like BCH ( https://research.sharebuilder.com/sharebuilder/Stocks/Snapsh... - check 10 year ) until another "crash."

Though NMFC might be something altogether different. It's new, so it could grow to a point where even a dip wouldn't bring it back down to where it is now.

I give myself about $200 a month to invest right now. So while I am looking at long term (in which case the long term well-being of a stock can trump whether it is "the best time to buy" the stock), I am able to only buy so much at a time, so I can nit-pick and buy only those stocks that are long-term and at the right time.

I may try to catch it at $14 sometime next month. Any other assessments?

Jack Wagner