2 Low-Cost, High-Yield Dividend Machines for Investors on a Budget

"I just don't have enough money to start investing."

I often hear this statement from friends who are interested in investing in the stock market but truly believe they don't have the capital to start. Many erroneously believe that you need a bare minimum of five figures just to dip your toe into the markets.

 

Some of these people are very knowledgeable about dividend reinvestment or savings strategies for their retirement but are convinced they can't start investing because they don't have enough money.
Well, nothing could be further from the truth.

It doesn't matter if you only have $1,000. The bottom line is the sooner you start investing, the better.
With proper management, sensible stock selection and consistent addition of capital over time, small accounts can easily grow into large ones.

Investors on a budget should look for investments that provide the best bang for their buck in terms of relative safety. This means low-priced, high-yielding securities. My rule of thumb is to stick with investments that cost less than $10 per unit or share if you want to maximize your portfolio.

Sometimes, it requires looking at unexpected places to find investment instruments best suited for small investors.

Investing through closed-end funds (CEFs) can provide the small investor an entry into the high-yield investing community at a low relative cost and higher safety margin than similarly priced investments. (more)
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