For 2012, my plan is to build high dividend paying stock portfolios in our retirement savings accounts. My target is to create a portfolio of stocks that pay 3-4% dividends and have a history of increasing dividend payouts. The reason for executing this plan in retirement accounts is to avoid short term volatility being an issue. I won't be able to withdraw from my retirement accounts without penalty for over five years which will give the investments time to recover from any short term declines.
Stocks that I will be considering include the Dogs of the Dow and S&P high dividend yield stocks . I will also try to buy on dips to maximize the dividend returns.
For more on Strategies and Plans, check back every Monday for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2012 Achievement Catalyst, LLC
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