Trusting Financial Service Experts Might Cost You Thousands
Many people feel like they need to rely on an *expert* to help them manage their money. I hope that after reading the Daily Dividend Investor you will start to see that you have the power to build and manage your own portfolio and you don´t have to be a financial genius to do it.
Take a look at this quick video I prepared that shows just how well the so called experts are doing managing the money of thousands of investors, just like me and you.
Continue reading “Trusting Financial Service Experts Might Cost You Thousands”
The Daily Dividend Portfolio – Quick Video Recap
After receiving quite a few emails from readers asking questions about the Daily Dividend Investor portfolio I thought it might be helpful to create a few videos answering some of the most common questions.
Over the next few weeks I’ll be posting a number of videos that tell what exactly the DDI portfolio is, why I started the portfolio, how I choose the stocks I add, and most importantly, I show you how to build your own passive income portfolio starting with very little money!
In the mean time, take a look at my first video in the series, “What is the DDI Portfolio?” I hope you enjoy it and feel free to post any questions you might have in the comments below. Thanks!
Dividend Increases for Thursday July 14, 2011
Four companies announced dividend increases today including 2 Limited Partnerships, 1 Business Development Corporation (BDC) and a commonly held Large Cap.
The largest increases in dividends came from Pope Resources L.P. (ticker: pope) with a huge 40% increase, followed by the drugstore chain, Walgreen Company (ticker: wag) with an equally impressive increase of 28%, keeping it’s 35 year tradition of dividend increases alive.
Completing today’s line-up of dividend increases are Gladstone Investment Corporation (ticker: gain) and Genesys Energy L.P. (ticker: GEL) with increases of 11% and 1.8% respectively.
Week in review
This week over 10 separate companies have delivered dividend increases which offers up good evidence that not only the US economy, but those around the world are not only healing but are beginning to show signs of continued growth and expansion.
As always when evaluating investment opportunities it’s important to keep in mind not only the fundamentals of the stock itself, but also how the holding entity (Limited Partnership, Royalty Trust, Master Limited Partnership, Business Development Company, Preferred Stock) may affect the way you report income on your annual tax return as well as the amount or percentage of tax you will be required to pay. Adding shares of any of these special entities to tax deferred / retirement accounts may also present additional issues that should be discussed with your CPA or tax planner / advisor before purchasing.
Dividend Increases for Thursday July 7, 2011
Western Gas Partners, LP (ticker: WES) increased their quarterly dividend today by $.025/share for an increase of 3.8%. Based on today’s closing price of $36.15/share Western Gas Partners pays out a 4.48% dividend yield.
Because WGP is a limited partnership, you will be issued a K-1 tax form each year and will be required to include US Federal Tax Form 1065 when completing your tax return. As I currently hold such small positions in the DDI portfolio I typically avoid adding shares of limited partnership interests to my holdings in an attempt to keep tax reporting as simple as possible.
I would consider making an exception for limited partnership interests that generate monthly income – however, Western Gas Partners currently pays dividends quarterly in August, November, February and May, so for now I won’t be considering adding shares of WGP.