On a Tuesday morning, Elias sat down to make his move. He decided on a classic consumer goods giant—a company that sold everything from toothpaste to dish soap. People bought these things whether the economy was booming or in a recession.
It wasn't much—barely enough for a fancy coffee. But because Elias had checked the box in his account settings, the brokerage automatically used that $7.50 to buy a fractional share of the same stock. how to buy dividend stocks online
Years passed. Elias added to his portfolio every month, diversifying into utilities, healthcare, and tech. He ignored the daily "noise" of the stock market. When prices dropped, he saw it as a "sale" that boosted his yield on cost. On a Tuesday morning, Elias sat down to make his move
Elias didn't want "get rich quick" stocks; he wanted "get wealthy slowly" companies. He began his research by looking into two prestigious groups: It wasn't much—barely enough for a fancy coffee
Now, he owned 10.12 shares. Next quarter, he would receive dividends on those 10.12 shares, which would buy even more. The snowball had its first layer of ice. Chapter 5: The Long Horizon
The magic happened three months later. A notification popped up: “You have received a dividend payment of $7.50.”