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Is this a good way for me to invest my money
I am interested in investing $1000 I have saved up. I want to invest it to have like a second income. I am thinking about finding a good dividend stock and buying as many shares as I can. what do you think about this Idea ? is there a better idea ? The reason I am thinking about dividend stocks is because I know that the company would send me a check every few months from the dividend.
The amount of that check is directly associated with the number of shares you purchase. The dividend must be declared and sometimes companies skip them. You can research that information on at the bottom right of the Yahoo Finance Key Statistics page:
http://finance.yahoo.com/q/ks?s=CSCO+Key+Statistics
You can filter and sort the stocks based on this in my software (Eye in the Sky Trade Planning) so you can focus on the highest payouts vs. lowest stock prices. It is free to try for 30 days.
Tell me what would you do if you had a 1000 dollers and want to invest it to get more money in the shart term
