I came across an interesting article on Seeking Alpha by
Paul Zimbardo. He outlines another
dividend earning strategy where you scout out stocks that are paying a dividend
during the month and then buy the stock to get a weekly dividend. To make sure you don’t lose value on your
investment you should buy the stock on a retracement and then watch it rise
close to the ex-dividend date (last day to buy the stock to get the dividend)
as investors buy the stock for the dividend.
You can read the article for his recommendations and more explanation of
his technique.
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