We’ve often talked about the importance of reinvesting your dividends and how, over the long-term, it can lead to a dollar cost average effect and help you grow more wealth. Just look at the example of the secret multi-millionaire, Anne Scheiber, who amassed $22 million from her apartment before passing away.
I thought it would be useful to provide a real-life example from one of my very own personal retirement accounts. The power of the About.com model is that we can bring you content from those who are actually doing and living what we are writing about, so take a moment to peer into my own personal accounts to illustrate some concepts that we’ve shared over the years here at Investing for Beginners. (If you don't know anything about dividends, take a moment to first read All About Dividends, which will explain everything you need to know about what they are, how they are paid, and some of the more detailed information you aren't likely to see on the nightly news.)
Go ahead. Take a peek inside my portfolio ...
Image property of Getty Images, Tom Grill