highest dividend paying stocks 2013
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This Time-Tested Strategy Could Be Your Winning Lottery Ticket
Every time I talk to my nephew Sam, I realize youth really is wasted on the young.
Fresh out of college, what my brother's son knows about the real world couldn't fill a thimble.
At age 22, he just doesn't know what he doesn't know yet. He's brash, idealistic, a bit hardheaded, and ends up making a lot of rookie mistakes - especially when it comes to the stock market.
Like most novice investors, he'd much rather chase the latest big momentum stock than actually work to build true wealth over time.
When I try to nudge him toward a portfolio of solid dividend-paying stocks, all he really wants to talk about are the "hot stocks," or what I call "the flavors of the month."
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 debuted.
And since Facebook's astronomical P/E ratio couldn't stop him, I figured I probably couldn't either.
I just hope that after a while, some of these hard lessons will finally begin to sink in.
