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Be a Dividend Millionaire,
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This review is from: Be a Dividend Millionaire: A Proven, Low-Risk Approach That Will Generate Income for the Long Term (Kindle Edition)This is a well written and easy to read book - I finished it in one night. It conveys convincingly the advantages of investing in dividend stocks. Not a new idea, but Paul goes a step further by explaining the methodology used in his site (Dividend.com), to select such stocks. It also includes an engaging chapter on his life as a day trader. People in the trade will relate well to it.
Unfortunately, the book falls short on a critical aspect. It does not provide a methodology for building a portfolio. For example, if Clara has $100,000 and wants to star building a dividend driven portfolio, what are the steps she has to take? Yes, there are different lists of selected stocks in the site based on risk tolerance and yield levels - the ingredients - but the mixing instructions are nowhere to be found. A missed opportunity that should be addressed in future editions.
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Showing 1-5 of 5 posts in this discussion
Initial post: Mar 17, 2011 1:58:10 PM PDT
Last edited by the author on Mar 19, 2011 1:58:11 PM PDT
Paul A. Rubillo says:
Hi, Thanks for reading my book! I thought I gave the dividend selection process a simple approach, but sorry it wasn't enough for your liking. Here is a link to a free video we did on Dividend.com to further get into building a dividend portfolio - http://www.dividend.com/blog/?p=27083. Please check it out and thanks so much for ordering and reading my book!
Posted on Mar 18, 2011 5:00:37 AM PDT
C. Thomson says:
Thank you Phaedrus for your informative review. Based on the author's comments it seems then, that this book is basically written as a marketing tool to gain subscribers to a newsletter? Thanks, but I'll pass.
In reply to an earlier post on Mar 19, 2011 2:03:08 PM PDT
Last edited by the author on Mar 19, 2011 2:07:26 PM PDT
Paul A. Rubillo says:
Hi, actually our newsletter is free and we have nearly 18K readers that get it each day. The book is a great read, and I am super proud of it. I hope you change your mind and give it a read. Suze Orman is a big fan of our site and she mentioned us (she uses our Dividend.com premium service) in her new book, "The Money Class", as well as a blurb about myself. Feel free to shoot me an e-mail if you have any specific questions on investing by going to the contact us section of our Dividend.com site.
Posted on Apr 6, 2011 10:57:22 PM PDT
If Clara has $100k what she needs to do is divide her funds - 20 stocks at $5k invested in each. Or, 40 stocks at $1250 +/- each. Or a combo of the two.
She could also have smaller positions of $1200-$1400 or so in lieu of a $5k position(s) for example.
Next she needs to check the sectors she feels comfortable investing in and make her choice of stocks in that sector.
This is where Dividend.com is helpful - the list of dividend stocks in each sector is already made for the investor.
As a woman, I think Clara would be relieved!
In reply to an earlier post on Apr 25, 2011 5:29:59 AM PDT
H. Scott says:
I have been 'subscribing' to the free dividend.com newsletter since Suze originally mentioned it on her show. I have learned nothing about dividend stock investing or about particular dividend stocks. I have learned that I can/should/must/need to buy a premium membership (currently $149/year but often offered at a discount). The 'free' subscription is nothing more than a constant reminder to buy a 'premium' membership.
This Rubillo fellow is putting all of his energy into marketing and image (ie, see his comments above - posted and then edited; seriously?)
Are Rubillo's products (book/premium membership/etc) worth all of his hype and hyper visibility? I don't know. I do know he's trying too hard.
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