Stock Market Investing In 2020
Investing in stocks is something that I have always been interested in and now seems the best time to get into it. The market is volatile and stocks are crashing which means there are special discounts. I am not going to be investing until I see great stocks and I will get into what I look for later on in this post. I have never invested in stocks before so I will make mistakes but over time, I hope to develop a portfolio of dividend stocks.
I recently spoke about my portfolio career and how I'm developing multiple streams of income during 2020. I have some goals In the stock market this year and I will be starting this journey now. If you want to read about my portfolio career and income streams I will link the blog post here: https://www.jacobrudge.com/post/creating-a-portfolio-career
My stock market investing goal is to have around £5000 invested in the markets by January 1st, 2023. Even though it's not a large amount of money to invest and I will not be able to do much with the dividend income, It will enable me to start building a foundation. I will be showing what the portfolio I'm aiming to have at the end of 2023.
I've got 12 stocks in total that are below £1000 if you were to buy 1 share of each. The highest dividend yield in the portfolio is 13.29% and the lowest is 3.28%. So overall the dividend yield for this portfolio is 6.63%, which is a high yield for a portfolio. let's get into the stocks I have chosen. I will be going from the lowest dividend yield to highest at the end so make sure you watch until the end.
I'm not advising you to buy these stocks. I'm not a financial advisor. I'm just showing you the stocks that I am going to be buying over this year. I could buy them all at once or over a period of 36 months. It will depend on the market and the market conditions of each stock.
Qualcomm QCOM (3.28% Dividend) Yahoo Finance Link
Cisco Systems CSCO (3.52% Dividend) Yahoo Finance Link
Pfizer PFE (4.04% Dividend) Yahoo Finance Link
Blackstone Group BX (4.84% Dividend) Yahoo Finance Link
Abbvie (5.77% Dividend) Yahoo Finance Link
W.P Carey WPC (6.66% Dividend) Yahoo Finance Link
AT&T T (6.96% Dividend) Yahoo Finance Link
Wells Fargo WFC (7.39% Dividend) Yahoo Finance Link
Store Capital STOR (7.29% Dividend) Yahoo Finance Link
Prudential Financial PRU (7.39% Dividend) Yahoo Finance Link
Altria Group MO (8.86 Dividend) Yahoo Finance Link
Simon Property SPG (13.29% Dividend) Yahoo Finance Link
Along with Yahoo Finance, I use Propelor to track my holdings. It has a great UI system and is really easy to use so if you are new to finance, I would recommend using them. I'm not being paid to say this, it's just an honest recommendation. This total portfolio is around $850.
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Thank you for your time and I hope to see you in the next blog post.