JOURNAL OF ACCOUNTING AND FINANCE
An Investment Strategy for Financial Independence
Author(s): Carlos Spaht, Harvey Rubin
Citation: Carlos Spaht, Harvey Rubin, (2012) "An Investment Strategy for Financial Independence," Vol. 12, Iss. 3, pp. 38 - 53
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This paper investigates achieving financial independence by using the Dividend Reinvestment Plan (DRIP) in conjunction with dollar cost averaging to purchase stocks of quality companies that pay increasing dividends over the 15 year period of 1993 – 2007. To do this, it looks at two portfolios, each containing initially the same stocks, but the second replacing some of its stocks during the last five years of this 15 year period with stocks exhibiting a higher percent dividend increase.