In order to Get Paid Every Other Day, I need to receive 183 dividend payments next year in 2017. I have been looking at stocks in order to get to this 183 number.
- CSCO - Cisco
- BBY - Best Buy
- MCD - McDonald's
- AEP - American Electric Power
- GXP - Great Planes Energy
- XEL - Xcel Energy
- OUSA - O'Shares FTSE (This is an ETF, exchange-traded-fund, not a stock)
- V - Visa
There are probably some stocks that you recognize, and some that you don't. I have listed 3 utility companies, because I need to balance the sectors in which I'm invested in. Currently, utility stocks make up 8.5% of my Robinhood Portfolio, and this should be higher.
OUSA will probably be my first purchase in the new year, and it pays dividends on a monthly basis. This monthly dividend will quicken my mission of getting paid "every other day".