Tea with Solace: A review of Dividend Machines.

The following is a voluntary review by a guest blogger, Solace, who signed up for the income investing course, Dividend Machines.

Solace says:

Disclaimer : I am not paid or given free access to the course materials to do this review. Solace has paid $XXX USD like everybody else to take a look at the course content. These are my personal views and readers should make their decision on whether the online course is value for money.

The online course has 4 Modules:

- Personal Finance (Covers the mindset, psychology and own personal financial situation.

- Dividend Machines (Covers 8 checklists/steps in screening for dividends stock)

- REITs (All about REITs, business, valuation, financial, management etc)

- Portfolio Management

In addition, there are also:

1. Video lessons

Where they do in depth case studies and how to screen for stocks based on their methodology.

Video Lessons will commence from 25 March 2015, Wednesday onwards.

2. Q & A session

You can post your question in this segment. The Trainers have been rather prompt in answering your queries. All questions are usually answered within 24 -48 hours from observation.

Website: Dividend Machines.

I leave it readers to read more about it.

Who is the course suitable for?

In short, this course is excellent for all who are looking for insight and a consistent method to screen for dividend stocks.

This is especially so for beginners who are still trying to find their way. Even for seasoned investors, time to time we might need to defrag all knowledge we have in our mind and this course helps to do that. It helps to streamline our thought process.

While many of the fundamental concepts are not new to me, I still look forward to the case studies where I can exercise my brains to practice analyzing. I am also attracted to the Q&A section where there will be interesting discussion with fellow investors and trainers.

In my interactions with many people who are starting out with investment, I would recommend them to read different kinds of investment books. This has worked extremely well for me. However, there are people who have difficulties digesting the content inside the book and find it hard to apply them. Another group might be overloaded with many schools of thought and do not know which methods work best for them.

This particular group will always wonder: 

"What is the essence of investing? Is there an easy method which I can follow?”

What the Fifth Person has done is basically summarize the key points and presented them in a very clear, easy to understand and easy to follow manner. And there we have it, the very “essence” to dividends investing.

If you can follow the method well and are able to identify a good dividend stock that will serve you well for many years, then, paying a course fee of $XXX USD would well turn out to be a “multibagger investment” for you.

There is still slightly more than a day to sign up for the course and have a workshop session thrown in for free. Please go to the related post below for the link to sign up for the course.

Dividend Machines by The Fifth Person

Related post:
Listen to AK and create your own Dividend Machines.

Want that $1m in liquid assets or $120K in passive income?

I am very happy to receive emails from readers of all ages but I am especially happy to receive emails from young people who are just getting ready to join the workforce. 

Why?

I always say that we should plan for retirement early. 

Don't wait till we are in our 30s or 40s because we think we are still young in our 20s. 

This belief in planning early is clearly seen in many of my blog posts.






I have also shared my own experience, including some very personal financial numbers, as well as what I did to get to where I am today. 

Some readers are amazed by how simple it sounds but, of course, it isn't as easy to execute. 

Definitely, there is also always an element of luck.

Everyone's experience is going to be different and the paths we take very likely will not be the same. 

It is not about having $1 million by a certain age. 

Definitely, it is not about having $120K in passive income by a certain age either. 

It is about having a better life no matter what our age may be.






Be inspired to take action.

Be inspired to have a better life.

This is what my blog tries to do, to inspire.

Hi AK,

I happened to stumble on your blog when I was researching on the topic of financial planning. And i must say that it was a valuable find.

Anyway, I would like to ask you a question and seek your guidance in it.

I am currently studying uni and about to graduate. Hence, I'm starting to think and plan for my finances so that i'm better prepared in the future.

I understand that I have to save up an emergency fund first, before starting to invest the rest.

This is where my question comes in. Given my low initial capital (i'm expecting about $500-$1k a month of free cash flow that i can invest in the near future), how do i go about investing for a start?

Since transaction fees are really expensive (min of $25), do i put my money in those regular share plans that buy into STI ETF where the transaction cost is 1%? 

Or do i buy single shares/REITs/etc to build up a dividend paying portfolio? 

And even if i do buy singly, do i accumulate them for one company first since I'm only investing a small sum at any one time?

Hope my question isn't too confusing, i tend to be a little long winded :p

Thank you.

AT

Hi AT,

Welcome to my blog. :)

You probably read my blog posts on what fresh grads should think of doing first to help towards a financially secure future. 

Must always get the basics right first.

The next step which is what you are thinking of now is to invest and secure a second stream of income. 






Of course, there is another school of thought which is to grow wealth through investing in growth stocks. I am not dogmatic. They are both good ideas. In fact, why not do both? ;)

If your monthly free cash flow is $500 to $1000 and you would like to get into the thick of things right away, then, buying into an ETF is a good idea. 

Look for the guest blogs by Matthew Seah on the offers by POSB and OCBC in my blog. He did good write ups on these.

You could also choose to build up a war chest and buy stocks when Mr. Market goes into a depression. 







Need to be a disciplined saver and need to have patience. 

Of course, you need to have the courage to bite when almost everyone is feeling depressed too.

There is no hurry. Take your time to find out what you are more comfortable with. 

Self-knowledge and peace of mind are priceless. :)

Best wishes,
AK

Related posts:
1. Retirement (funding) adequacy.
2. Dollar cost averaging and expected returns.
3. How to recession proof your life?