Me (in the office, as my phone pings): oh yeah, divs are in!
Co-workers: I thought that portfolio you keep banging in about was dying on its ……
Me: in times of economic uncertainty and low interest rates, dividends are essential.
Co-workers: whatever, but ok how much did you get?
Me (checking phone, hoping it was a mistake): 7p.
I’ve just resigned.
did the make 7p in dividends? 7p is more than 0p
Yh you can buy seven 1 Pence Sweet!!!
I just read that imagining Basil Fawlty at the main character and Manuel as the unimpressed colleague.
Due to inflation 1p sweets are now 2p.
Probably be 3p by the end of the year at this rate
At least with 7p you aren’t missing out too much on the drip scheme
In January 2020 I received £0.14, in January 2021 it was £3.63, in January 2022 it was £27.06.
Keep chipping away and be focused on the long-term. Small consistent investments will produce long term results.
Exactly, after a few years it will be significant amount of income, it varies a lot month to month but my best ever month was last september, over £800 in dividends. Will probably be more next year as they all got reinvested in the same companies. That is the value of compounding over several years
There’s a lot of people on here younger than I was when I started. get started early in this long term mind set and by the time you are thinking about early retirement you can be making enough in dividends to pay the bills. I already make more from insurance company dividends than I pay out in insurance premiums each year