2021 has already left us with a weakened global economy and plenty of other things to worry about. My £100/mo challenge got off to a strong start, however. At the end of the year, we finished in the green (only just) with a dividend earning of £0.59. As of writing this blog post, this combined with an unrealized gain of £1.44 equates to a profit of £2.03.
More and more people are learning about taking their money further and getting it to work for them. Interest rates are low enough to make savings accounts almost pointless and investment brokerages are enjoying record revenue, smashing customer milestones. It’s important to learn how to invest correctly to avoid losing more than you put in.
I’m doing something a little different. I was browsing around YouTube, as one does, and came across plenty of media surrounding the earnings these content creators have been able to pour into portfolios, thanks to ad revenue. It’s not relatable for the individual investor, which is why I want to showcase the power of the stock market with a small challenge.
Dividends are all the rage right now as investors look for more stable strategies that pay regular returns. These small payments are fantastic for stable portfolios that are diverse and include a healthy mix of growth and storage stocks. Focusing on high dividend yields alone won’t be a guaranteed recipe for success and you should consider adjusting the course.
You may have seen the term “dividend” thrown around when looking at stocks to invest your hard-earned cash into. But what exactly is a dividend? Without going into too much detail, it’s a payment (in the form of cash or shares) from some of the earnings to shareholders, as declared by the board of directors.
The UK currency is the British pound sterling. This is abbreviated by GBP throughout the financial world, but you may come across another term, GBX. The latter is actually used more frequently with listed companies on the London Stock Exchange, but what exactly is it?
I was searching around to look at the competition for my investment tracking spreadsheet, seeing what I could add to further enhance the feature list, and I noticed something awful. I discovered a few spreadsheets that are outright scams. And I’m not just talking about those that steal other people’s work and lock it behind a paywall, I mean there are even some that state they will have access to your investment tracking spreadsheet. What?!
Stock is essentially a security that indicates the ownership of a company. Also known as equity, holding shares of a stock enables the owner access to assets, profits, and votes equal to how much of a stock is held. The more stock a party holds of a company, the more they’re entitled to.
The markets are turning red. You’ve enjoyed countless months of safe passage into the lands of green gains, but now your portfolio is starting to slide. What do you do? Sell everything and hope that the markets will recover within the next few years? Not at all! Here’s what you need to do when the markets inevitably crash.
There are a few tools out there that allow you to manage and track your investment portfolio as well as earned dividends. My dividend tracker spreadsheet is but one example, using Google Sheets. But not everyone wants a spreadsheet to keep tabs on their investments, which is where a service like Digrin comes into play. I’m going to compare my tracker to Digrin.