- By Steve Christ, Executive Editor, Money Morning - March 1, 2013Every time I talk to my nephew Sam, I realize youth really is wasted on the young. Especially when it comes to money.
Like most novice investors, 22-year-old Sam would much rather chase the latest big momentum names than actually work to build true wealth. So - of course - he ends up buying all the wrong stocks. Even after he got absolutely roasted last year buying Groupon (Nasdaq: GRPN) shares, he still couldn't wait to load up on Facebook (Nasdaq: FB) when it IPOed.
What Sam doesn’t understand yet is the power of time. If he did, he would know he has the most valuable investing asset of all right at his fingertips. Fact is, anyone can become a millionaire this way.
It's all thanks to the Rule of 72....
highest dividend paying stocks 2013
Dividend-Paying Stocks: Some of the Best Bets for 2013
- By Guest Editorial, Contributing Writer, Money Morning - December 21, 2012
Plus, there's a good chance many investors will miss the biggest dividend tax hit.
U.S. President Barack Obama, who earlier had suggested raising the dividend tax on those earning $250,000 or more, now says he wants to increase the tax on those earning $400,000 or more. Republicans have suggested raising the dividend tax on those earning $1 million or more.
Many investors wouldn't be affected by either proposal: Among Americans who receive qualified dividends - those taxed as capital gains, not regular income - 48% make less than $250,000 a year.
And there are some stocks that will be relatively immune to the fiscal cliff tax effects.
For those who will keep their money in dividends, we've highlighted some of the best picks among dividend-paying stocks for 2013, as well as some you'll want to avoid.
To continue reading, please click here...