Selling THIS Stock and then Buying ANOTHER stock right after!? | Passive Income Building
Always look to optimize the dividend stock portfolio, but consolidating AND adding to the dividend income stream at the SAME TIME.
Why do dividends matter? Dividends are one of the best passive income sources. Dividend investing increases your passive income, as you reach financial freedom!
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In today’s video, we go over a stock that I have been looking to sell for quite some time.
You definitely may want to consider looking when there’s been no share price growth, dividend growth, with a dividend payout ratio above 100%.
As a dividend growth stock investor, one wants that passive income stream to grow every year, especially as you strive to reach financial freedom.
In the meantime, there’s a stock in the same industry that I also own, that’s been dropping recently, with 13 years of dividend growth, an average dividend growth rate of 7% and a yield that is also slightly higher.
Therefore, I talk about possibly selling one dividend stock and automatically investing in the other dividend stock.
The dividend stock I would be buying, I would be curious if you think it is a stock to buy now, regardless if you had to sell a stock to buy the stock?
What stocks have you been buying lately? Even with the stock market at an all-time high, are you finding stock opportunities out there? Are you reaching financial freedom?
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