PERSONAL FINANCE
ESTHER MUKUMBO: In search of the dividend grail
The beauty of building an investment portfolio is the sweet ka-ching! of dividends in your account, and the power this passive income brings
The new year brings new goals, hopes, and most importantly, an opportunity to start over. When it comes to financial goals I like to break these down into a long-term financial goal, an investment goal, a paying-off-debt goal and a savings goal that speaks to your hobbies — travelling, for example.
One of my long-standing goals has been to diversify my income source. A few years ago the bank I worked for had to restructure. It was the longest week of my life, waiting to hear if my position was affected or if I was going to be retrenched. I remember wondering how I’d survive should I get retrenched. That experience left me wanting to create other income sources outside my monthly salary. One of the ways I do this is through investing, where you can make money in two ways...
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