The Great American Dividend Machine: How an Outsider Became the Undisputed Champ of Wall Street
Format: PDF / Kindle (mobi) / ePub
Bill Spetrino was just an ordinary accountant more than 20 years ago when he discovered the best investment secret ever.
Bill calls his secret “the dividend machine” -- and he has been sharing his secrets with hundreds of thousands of investors who have subscribed to his popular Dividend Machine newsletter, rated by Hulbert Digest as the #1 low risk investment letter.
But many readers asked Bill to write a book about his secret and how ordinary investors can become millionaires just like him.
Bill did just that.
Now his new The Great American Dividend Machine reveals his own story, and how he went from becoming a middle-class accountant to having a net worth exceeding more than $5 million!
Traders who jump from stock to stock in the hunt for a major Wall Street score often lose money or, at best, break even.
That's not an acceptable fate for the retirement nest egg or for Bill.
Instead, true investors trust Bill Spetrino's proven advice: "Keep investments boring and the rest of life fun and exciting."
By valuing safety and income above all else, Spetrino guides the reader through the process of unearthing true bargains in the marketplace.
Adhering to the author's model, The Great American Dividend Machine portfolio is composed of stocks that he picks using his unique system.
The companies that pass Spetrino's rigorous, multi-step vetting process must have a number of key characteristics, such as:
- Resonant brand names
- Strong, competitive advantages in their industries
- Pristine balance sheets
- Capital to help survive and thrive in difficult markets
Bill believes anyone can become a millionaire by ignoring the Wall Street pros and using his time-tested strategies.
story I just shared with you, the woman had less than $200 to invest.While it’s true that most of you won’t become rich in one generation, you can still take steps to boost your wealth. What if that woman had a daughter who did the exact same thing? This woman would have Layering Down and Other Key Strategies 59 started a family tradition that in only two generations would create enormous wealth and stability for many future generations of her family. If you want to provide financial support
whale happens to be buying one of the stocks I’m evaluating, I take note of it. If the whale has had success in that industry or sector, I consider it a good sign. For example, when I recommended AIG, I did so after watching the stock for more than three years. During that time, I also noticed that legendary investor George Soros had bought more than 15 million shares of the stock. And hedge fund managers David Tepper, Leon Cooperman, and Daniel Loeb also had big stakes in the beleaguered
you don’t recoup the cost of the subscription by using the strategies I teach you, you will get a full refund. A Few More Details Raising Start-Up Capital You should have at least $2,000 to begin building your dividend machine. Hopefully, you have this money, but if you don’t, and you’ve already distilled your budged down to the bare minimum and applied my money-saving tips offered in appendix I, I urge you to borrow it. Ask your parents, grandparents, friends . . . whomever. Say that you’ll
debt. There’s a simple formula for saving money successfully. When you get paid, immediately take 10 percent of your earnings (after taxes), put it in a savings account, and never, ever touch it. That’s it. You don’t have to think about this again. If you feel you can’t live without that 10 percent, then look at how you’re spending and make the necessary changes. Try to have three to six months of living expenses in the bank in savings. That’s your safety net. I’m going to say this again: You
one drip per Appendix I: Prioritizing and Saving 101 second can waste up to 1,661 gallons of water annually, as well as the electricity or natural gas it takes to heat the water. Savings: With average shower use by a family of four, a new head can save up to $145 a year. On average, repairing a leaky faucet can save $35 a year. 9. Get rebates for replacing appliances. Utility companies often offer rebates in order to encourage consumers to replace energy-gobbling appliances with