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With about 18 CDx3
Preferred Stocks, your CDx3 Portfolio will
generate the dividend income needed to
purchase your next CDx3 Preferred Stock on
its own, without additional “new” money from
you.
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Since CDx3
Preferred Stocks are introduced
at a rate of about 1-2 per
month, your CDx3 Portfolio will
reach this magical milestone in
about 18 months.
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Here’s the math:
Let’s say you always purchase just one share when you
buy a CDx3 Preferred Stock. And let’s say you pay $25.00
for that share and, on average, your CDx3 Preferred
Stocks pay you a 7% dividend. That means that each CDx3
Preferred Stock that you own generates $1.75 per year in
dividend income. 15 CDx3 Preferred Stocks therefore
generate the $25 you need to purchase the next CDx3
Preferred Stock ($25 divided by $1.75). You’ll need
about three more to allow for the time between
purchases, so that brings you to 18. A CDx3 Portfolio
with about 18 CDx3 Preferred Stocks generates the cash
needed to purchase the next CDx3 Preferred Stock with no
“new” money from you. |
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