What if I had $5000 to invest in the stock market? What if I was just starting out, all over again, and wanted to invest my first $5000 in stocks? Today's video discusses this very hypothetical question, from a dividend growth investing perspective. Learn how I would personally invest five thousand dollars for passive income and cash flow.
In particular, I would:
(1) Buy three stocks, with roughly equal investments in each. Focus on three sectors: consumer non-cyclical food and beverage, consumer non-cyclical household products, and healthcare (pharmaceutical, medical devices, and household products). I love these sectors for the long-term because everyone needs these items in both good and bad economies.
(2) Leverage dividend reinvestment plans (or DRIPs) for at least two of the three stocks. Open a low-cost brokerage account with dividend reinvestment for the third stock, if a no fee (or low fee) DRIP did not exist.
(3) Make lump sum investments, however stagger my investments one m...