Can I Use Stocks to Replace My Working Income?
How dividends can provide steady side-money
Wouldn’t it be great to replace some of your income with stock investing profits?
Whether you’re currently working and want some additional incoming cash or you’re retired and looking to replace your old working income, the right stocks can add a lot to your bank account.
The best way to earn steady income from investing is to focus on dividend stocks. Building a portfolio of high-quality dividend stocks can allow you to collect regular dividend payments that are fairly predictable (similar to a regular paycheck).
On the other hand, buying non-dividend stocks can also provide great returns, but profits tend to be somewhat lumpy and unpredictable. The market might go through a bull run where you lock in a whole bunch of winning stocks or it might go through a bear run where all your stocks decline.
While the market almost always makes money over a 10–15 year stretch of time, in the short term investing returns can be much less predictable. That’s why I think dividend stocks are the best place to focus if you want steady, reliable, predictable supplemental income.
