my 1st investment is LTC with 6.4% div yield, with $.19 per ...
my 1st investment is LTC with 6.4% div yield, with $.19 per share on a monthly basis. Although it's not a high growth stock, I hope it will make me close to $68 million in 5 years, close to a million in 3. Investing 2 shares week, 8 total a month. Not too expensive, trading at $35 a share, so that makes it $70 a week. Do your on calculations. Instead of compounded interest, it's compounded dividend, reinvested, on a monthly basis. So far got a total of 8.225851 shares so far. Good luck everyone.
Unfortunately the price keeps going up. I started buying this at $32.19. I didn't expect this go up this fast
Unfortunately the price keeps going up. I started buying this at $32.19. I didn't expect this go up this fast
Here's my projection. This projection shows me, buying 8 shares a month. Currently, bought 9 shares this month. Folks, notice after 1 year, the total price of this stock after all the dividend reinvestment comes out to 11,000 dollars
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