At this point of time, in mid thirties and, having a stable job, I do not look for income from my shares. I rather re-invest the dividend I receive each quarter. I own almost 20 different stocks right now and more than 80% of those stocks are dividend paying.
If you are aiming for higher return from your investment, stock and dividend investing is probably in your list already. But stock investment inherit greater risk compared to other form of investment. You should have some clear strategy and game plan to secure higher return with lower risk. These are some of the best practices that I tend to learn and adapt over last few years.
Let’s see them, very briefly.