WMT - Sell Alert: 3 Dividend Aristocrats That May Kill Your Passive Income Snowball

2024-06-26 22:08:31 ET

Summary

• Dividend stocks are my favored way for generating passive income for retirement.
• Passive income is generated with minimal effort once set up, and can snowball beautifully as dividends are reinvested.
• Not all Dividend Aristocrats are good for a massive dividend snowball, here are 3 I wouldn't own.

Written by Sam Kovacs

Introduction

There are certain dividend stocks which will positively kill your portfolio's ability to generate the level of cashflow you require to comfortably retire on dividends.

As dividend investors, we aim at building a passive income snowball, an idea which I presented in detail in my previous article: " Sam's Dividend Income Snowball Masterclass ".

When I talk about building a passive income snowball, some of you have asked me:

But Sam, I thought you were an active investor, what's the deal with passive income?

For further details see: