If you’re a regular reader, I owe you a big congratulations on the recent profits in your dividend portfolio.
Some of you are banking big yields. Others are riding dividend magnets to capital gains. A select group of savvy contrarians are profiting from payouts and price upside.
The result of your mini windfall, regardless of source, is cash. But this pile of money is not yet generating any income for us. So, what is the best way to employ these greenbacks? We have three options:
- Reinvest the dividend money automatically via DRIPs,
- Deploy the profits strategically via smart shopping lists, or
- Stack the dry powder for a special moment.