After the last few years of watching the Dow (DJIA) peak at 14,000 and then drop to the mid 6000′s it seems like buying stocks would be the last place to look for income. The reality is, even with the recent run up in the dow back above 11,000 there are still good opportunities.
Some might argue that bonds offer more security, but we’ve seen bonds (ala General Motors – GM ) go bust and I for one agree with the thought that a bubble is forming in the bond markets.
Work is great – if you enjoy what you do. But even if you love your work, wouldn’t it be great to know that you’re getting paid even on your days off? While you’re on vacation? While you’re sleeping?
My goal is to begin building such a machine with the goal of generating $500/month. I’ll revisit this goal from time to time increasing it whenever possible.
I’ve started this blog to track my progress towards building a cash flow machine. I’ll begin by making small purchases of commonly traded dividend producing stocks. Later I may venture into options contracts or other forms of money creation including trust deeds and rental income properties .
Short Term Goals:
#1 - $500/Month Income by January 2012
#2 - Search for Dividend "growth" stocks to add to portfolio
#3 - Add at least $1000 new capital per month
#4 - Prioritize new capital to higher yield (5%+) equities
Long Term Goals:
#1 - Portfolio Yield 6% by June 2012
#2 - All portfolio position at 100 shares by Dec 2012
#3 - Portfolio Yield 7% by June 2013