Ok /biz/ I need some advice. Basically is getting dividends the way to go for making a steady reliable stream of money? Right now I'm a poor college kid (comp sci) working a shitty janitor job and making 20k a year. Luckily I live in a low cost of living area so I can live fairly comfortably off just that. But of course I want more and I want to prepare for the future. I don't know much about stocks but I'm looking into dividends. I was thinking about investing in a few high yield dividend company's, specifically Ford, at&t, OHI, SNR, and potentially IEP. Or at least 3 of them. Let's say I just go with Ford, I figured it up, and if everything stays approximately the same with them, if I put away 2k a year(about what I make on taxes) and reinvest my dividend earings into the stock after 16 years I could have a million dollars. Is this feasible? Is this doable? Or am I just being ignorant or naive? Tl:Dr can I be a millionarie in 16 years with dividends?
What exchanges are Ford at&t etc. traded on? I can't find them on Kraken.
>>3397661
I use Robinhood