Marc Lichtenfeld - Get Rich with Dividends: A Proven System for Earning Double-Digit Returns

Marc Lichtenfeld

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Copyright 2015 by Marc Lichtenfeld. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

The first edition of Get Rich with Dividends was published by John Wiley & Sons, Inc. in 2012.

Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data:

Lichtenfeld, Marc.

Get rich with dividends: a proven system for earning double-digit returns / Marc Lichtenfeld.Second edition.
pages cm
ISBN: 978-1-118-99413-9 (cloth); ISBN: 978-1-118-99415-3 (ePDF);
ISBN: 978-1-118-99414-6 (ePub)
1. Dividends. 2. Portfolio management. I. Title.
HG4028.D5L53 2015
332.63221dc23

2014044967

For Holly, Julian, and Kira, who have made me rich
in the most important way

When it comes to the stockmarket, most investors prefer glamour to profits.

Why do I say this? Tell average investors about a company with a cutting-edge technology, an exciting Phase III drug, or a new gold strike and they are all ears. But tell them about a blue chip stock with steady sales, a big order backlog, and a rising dividend yield and they are more likely to stifle a yawn.

Thats unfortunate. Because, contrary to what most investors believe, startling innovation is not a good predictor of business success. Or, as the famous industrialist and steel magnate Andrew Carnegie succinctly put it, Pioneering dont pay.

A young company that is just feeling its oatsand retaining all its earningsis unlikely to be the best long-term investment. Its a widely recognized fact that 80% of new businesses fail in the first five years.

What really makes money for investors over timeand without the hair-raising volatility of hypergrowth stocksis steady businesses paying regular dividends.

For example, over the past decade, with dividends reinvested, oil producer Chevron Corp has returned 200%. Altria Group, the U.S. tobacco giant, has returned more than 300%. Even musty old Con Edison, originally founded asNew York Gas Light Companya utility that was born 23 years before Thomas Edisonhas returned 130% over the period.

In this excellent new book, my friend, colleague, and fellow analyst Marc Lichtenfeld shows you how and why to invest in great dividend stocks. And let me make two things clear at the outset. Number one, you could not find a more worthy, knowledgeable, or trustworthy guide to the investment landscape. And, second, this investment approach really works.