Expert: Paul Henneman - 2/3/2012

Question
Hello I'm currently a college student and I have saved up $10,000 so far. I plan on going to law school one day and I would like to know if I can invest my $10,000 and posibbly be able to have a dividend of profit of a few hundred dollars a month or quartley to help buy books or pay for expenses while growing the capital I invested. Thank you for your time.

Answer
Thank you for your question!
Certainly, this is a good idea. You definitely could purchase stocks that pay a dividend, and use that for some of your expenses.
I would suggest a place to start:  My research company, (www.valuEngine.com) does track and publish the VE Income portfolio, a portfolio made up of entirely dividend paying stocks.  There is a full two week trial for you to check it out (and the cost is very low after that).  One of the data points that my company receives is the date upon which you must own a stock to receive its dividend. This allows us to change the stock holdings so that all 20 stocks receive a dividend payment every single month. This greatly enhances the dividend returns, as most stocks pay dividends only quarterly.  There is more information on the website, or please feel free to follow up with me.
I would suggest a very low cost trading service so that your profits are not eaten up by trading.  www.FOLIOfn.com has one of the best deals around for trading such a portfolio.

I hope this helps, please do not hesitate to follow up with me if I can be of any additional service.

Sincerely,
Paul Henneman
President
ValuEngine Inc
www.ValuEngine.com