Tough question.I am familiar with amazon turk and similar .. There is a way .The first thing that I would ask you is do you have some money to invest? 10 or 100 dollars is ok?Websites like amazon turk or similar are underestimating.There are site like clixsense where you have to click all night and day and earn pathetic amount of muoney.Internet marketing ,affiliate marketing ,cpa marketing.It depends do you have some money to invest or not.I wish you all the best.
"How to make money without a real job?"
It helps to first have a job which makes it possible to eventually make lots of money without having to work for it. People can live frugally and invest the money saved into the stock market. But it would be totally wrong to buy something hoping the price goes up so it could be sold for a profit. That's called gambling and it's a good way to get wiped out.
The correct way to invest is to buy extremely safe dividend paying stocks. Two examples are Kinder Morgan (oil and natural gas pipelines) and AT&T (internet). Both of these companies pay a nice dividend that for AT&T grows every year. Kinder Morgan increases the dividend every 3 months. The idea is to never sell these stocks. Keep them for the rest of your life and watch the dividend income grow. Reinvest the dividends along with more of your own money. Start at a young age and then be able to retire long before you're old enough to get social security.
It helps to first have a job which makes it possible to eventually make lots of money without having to work for it. People can live frugally and invest the money saved into the stock market. But it would be totally wrong to buy something hoping the price goes up so it could be sold for a profit. That's called gambling and it's a good way to get wiped out.
The correct way to invest is to buy extremely safe dividend paying stocks. Two examples are Kinder Morgan (oil and natural gas pipelines) and AT&T (internet). Both of these companies pay a nice dividend that for AT&T grows every year. Kinder Morgan increases the dividend every 3 months. The idea is to never sell these stocks. Keep them for the rest of your life and watch the dividend income grow. Reinvest the dividends along with more of your own money. Start at a young age and then be able to retire long before you're old enough to get social security.
You sound knowledgeable Bob, how would one go about investing in such a way without prior investing experience?
"how would one go about investing in such a way without prior investing experience?"
Charles Schwab is best broker. Everything can be done on the internet, humans are not necessary but they are available if there are questions.
I suggest just buy Kinder Morgan and AT&T (stock symbols KMI & T). If you want to diversify there are many other excellent dividend paying stocks, but in my opinion KMI & T are the best.
It's all very simple. Open a brokerage account & checking account with Charles Schwab. You could use the checking account you are using now, but it's more convenient to use the Schwab checking account because you can transfer cash from checking to brokerage account in one second. The checking account is totally free (just like LIchess), there are no fees, they don't nickel and dime you like the banks do. The fee for buying shares is $8.95 no matter how many shares you buy, that's very reasonable and it's only a one time expense. If you want you can reinvest the dividends for free, just one mouse click is all you need to set that up.
When you see the screen for buying stocks it's easy to understand. Any words you don't understand you can use google to look it up.
Buy this stuff for life. Never sell no matter what. You don't care if the stock price goes way down, and that's the point, you have nothing to worry about because the dividend is safe, and you don't care if it goes up or down because you're never going to sell anything for capital gains. I love stock market crashes because I can then buy more stuff at very cheap prices. As the price goes down the dividend yield goes up and that's a good thing.
Beware of companies that have an extremely high divided yield because it's probably not safe. KMI & T dividends are rock-solid safe.
When people get started they notice they are not making very much income, but over a long period of time the income grows at a faster and faster pace. Starting at a very young age is the way to go.
Charles Schwab is best broker. Everything can be done on the internet, humans are not necessary but they are available if there are questions.
I suggest just buy Kinder Morgan and AT&T (stock symbols KMI & T). If you want to diversify there are many other excellent dividend paying stocks, but in my opinion KMI & T are the best.
It's all very simple. Open a brokerage account & checking account with Charles Schwab. You could use the checking account you are using now, but it's more convenient to use the Schwab checking account because you can transfer cash from checking to brokerage account in one second. The checking account is totally free (just like LIchess), there are no fees, they don't nickel and dime you like the banks do. The fee for buying shares is $8.95 no matter how many shares you buy, that's very reasonable and it's only a one time expense. If you want you can reinvest the dividends for free, just one mouse click is all you need to set that up.
When you see the screen for buying stocks it's easy to understand. Any words you don't understand you can use google to look it up.
Buy this stuff for life. Never sell no matter what. You don't care if the stock price goes way down, and that's the point, you have nothing to worry about because the dividend is safe, and you don't care if it goes up or down because you're never going to sell anything for capital gains. I love stock market crashes because I can then buy more stuff at very cheap prices. As the price goes down the dividend yield goes up and that's a good thing.
Beware of companies that have an extremely high divided yield because it's probably not safe. KMI & T dividends are rock-solid safe.
When people get started they notice they are not making very much income, but over a long period of time the income grows at a faster and faster pace. Starting at a very young age is the way to go.
Thanks Bob! that was extremely informative and i couldn't ask for more!
Dividends are great for income but not so great for actual growth. Companies that serve out high dividends almost never see a substantial rise in stock price because they are too afraid to scare away the retired folk living month to month off that money. If you are young, I would absolutely avoid dividends.
You may want to consider what makes Bob a credible source on what companies to place your faith in. If you think you are capable of making informed choices about the winners and losers of the market, you should do so with your own judgment. You should be on the hunt for desirable stock, start reading balance sheets, and investigate the careers of corporate management for specific companies, etc. But personally I think Warren Buffet-- a man who has made fortunes solely from his investment decisions-- has given the best advice for us commoners:
“Most investors, of course, have not made the study of business prospects a priority in their lives. If wise, they will conclude that they do not know enough about specific businesses to predict their future earning power.”
“The typical investor doesn’t need this skill. In aggregate, American business has done wonderfully over time and will continue to do so (though, most assuredly, in unpredictable fits and starts). In the 20th century, the Dow Jones industrial index advanced from 66 to 11,497, paying a rising stream of dividends to boot. The 21st century will witness further gains, almost certain to be substantial. The goal of the nonprofessional should not be to pick winners — neither he nor his “helpers” can do that — but should rather be to own a cross section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal.”
When Buffet was asked what he would invest in if he were a regular Joe:
“10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s. (VFINX)”
Index funds are diversified to the point that they generally reflect the market as a whole, their fees are very minimal (no fee just for moving your money into them), they put your money into the hands of professionals instead of relying on random dudes on chess forums to pick winners for you, and the potential exists for incredible gains (something a dividends can't offer).
You may want to consider what makes Bob a credible source on what companies to place your faith in. If you think you are capable of making informed choices about the winners and losers of the market, you should do so with your own judgment. You should be on the hunt for desirable stock, start reading balance sheets, and investigate the careers of corporate management for specific companies, etc. But personally I think Warren Buffet-- a man who has made fortunes solely from his investment decisions-- has given the best advice for us commoners:
“Most investors, of course, have not made the study of business prospects a priority in their lives. If wise, they will conclude that they do not know enough about specific businesses to predict their future earning power.”
“The typical investor doesn’t need this skill. In aggregate, American business has done wonderfully over time and will continue to do so (though, most assuredly, in unpredictable fits and starts). In the 20th century, the Dow Jones industrial index advanced from 66 to 11,497, paying a rising stream of dividends to boot. The 21st century will witness further gains, almost certain to be substantial. The goal of the nonprofessional should not be to pick winners — neither he nor his “helpers” can do that — but should rather be to own a cross section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal.”
When Buffet was asked what he would invest in if he were a regular Joe:
“10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s. (VFINX)”
Index funds are diversified to the point that they generally reflect the market as a whole, their fees are very minimal (no fee just for moving your money into them), they put your money into the hands of professionals instead of relying on random dudes on chess forums to pick winners for you, and the potential exists for incredible gains (something a dividends can't offer).
The fee for buying your own shares are $8.95, a one time charge. Letting professionals invest your money, and paying a fee for it, is not necessary.
"Companies that serve out high dividends almost never see a substantial rise in stock price"
Who cares? People who know what they're doing want the income, not capital gains.
"If you are young, I would absolutely avoid dividends."
I totally disagree. To start growing your dividend income at a young age has the advantage of making it possible to retire at a young age. Hoping for capital gains instead of income is gambling. You can get wiped out.
KMI & T are excellent investments. Totally safe. A growing income. I get my advice from a very wealthy person and his career is giving stock market advice to extremely wealthy people. He said "Everyone should own Kinder Morgan and AT&T". My own research showed he was correct. Anyone can look these things up. I recommend "Seeking Alpha".
Also, I recommend this website: http://theconservativeincomeinvestor.com
The world is full of very bad advice, and most of this bad advice comes from professionals who are mostly interested in collecting fees which makes them impossible to trust.
Be conservative, never have to worry about market crashes, sleep well at night, make your own decisions instead of letting professional crooks make decisions for you, and just buy extremely safe stuff to keep the rest of your life and watch your income grow.
If young people get fired from their job (it can happen to anyone), it's nice to have that extra dividend income to live on until a new job is available.
And if you're still employed you can reinvest those dividend for free, no professional taking part of your savings.
"Companies that serve out high dividends almost never see a substantial rise in stock price"
Who cares? People who know what they're doing want the income, not capital gains.
"If you are young, I would absolutely avoid dividends."
I totally disagree. To start growing your dividend income at a young age has the advantage of making it possible to retire at a young age. Hoping for capital gains instead of income is gambling. You can get wiped out.
KMI & T are excellent investments. Totally safe. A growing income. I get my advice from a very wealthy person and his career is giving stock market advice to extremely wealthy people. He said "Everyone should own Kinder Morgan and AT&T". My own research showed he was correct. Anyone can look these things up. I recommend "Seeking Alpha".
Also, I recommend this website: http://theconservativeincomeinvestor.com
The world is full of very bad advice, and most of this bad advice comes from professionals who are mostly interested in collecting fees which makes them impossible to trust.
Be conservative, never have to worry about market crashes, sleep well at night, make your own decisions instead of letting professional crooks make decisions for you, and just buy extremely safe stuff to keep the rest of your life and watch your income grow.
If young people get fired from their job (it can happen to anyone), it's nice to have that extra dividend income to live on until a new job is available.
And if you're still employed you can reinvest those dividend for free, no professional taking part of your savings.
http://seekingalpha.com/symbol/KMI
http://seekingalpha.com/symbol/T
People can look at these 2 websites for all the information they could want for KMI & T. There are numerous comments from wealthy people who make tons of money from dividends. And they started this conservative investing at a very young age.
http://seekingalpha.com/symbol/T
People can look at these 2 websites for all the information they could want for KMI & T. There are numerous comments from wealthy people who make tons of money from dividends. And they started this conservative investing at a very young age.
I hadn't noticed that people were still responding to this post of mine, I thought it petered out a while ago.
Bob claims you should not trust professionals "who are mostly interested in collecting fees" yet he gets his information from a mysterious "very wealthy person" whose career is "giving stock market advice to extremely wealthy people".
Bob also seems to think AT&T and Kinder Morgan are unaffected by recessions, and he strongly implies these companies have no risk inherent in them. The misinformation would be best suited for the dumpster down the block.
Dividends are a fine choice if you find yourself in certain situations, but for youngsters trying to build wealth in the long run they are an extremely poor choice. Your portfolio should be tailored to you and your personal financial goals. Ignore those fools who believe a universal prescription exists.
Bob also seems to think AT&T and Kinder Morgan are unaffected by recessions, and he strongly implies these companies have no risk inherent in them. The misinformation would be best suited for the dumpster down the block.
Dividends are a fine choice if you find yourself in certain situations, but for youngsters trying to build wealth in the long run they are an extremely poor choice. Your portfolio should be tailored to you and your personal financial goals. Ignore those fools who believe a universal prescription exists.
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