Here’s the second income strategy I wish I’d followed when I started investing
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The stock market offers a promising avenue for individuals seeking to generate a second income. Investing in companies listed on the UK stock market makes it possible to capitalise on the potential for growth and dividend payouts.
Dividend stocks are shares issued by companies that distribute a portion of their profits to shareholders. This distribution, known as a dividend, can be paid out in cash or additional shares. Dividend-paying companies often have stable business models in mature industries and track records of profitability.
Here’s a summary of the strategy I now use but wish I’d followed when starting out.
Selecting the right shares
When choosing stocks for an income…
