Boring Investing Strategy = $45,000 Per Year Passive Income

A recent interview with Lanny from Dividend Diplomats…

He also writes about his journey here.

Lanny got started in 2009…

Here I am at age 20 and I had $4,000 to use towards investments… 

Stock markets have been absolutely crumbling during the financial crisis and people obviously were jumping out of the market. Lesson 1 – do the opposite of what the majority of people are doing.

So he started investing.

Dividend investing has been big for Lanny, and he tends to buy and hold stocks for a long time…

As a dividend investor… probably the hardest thing is to sell a stock… we’re known to buy and hold for the long term, let dividend grow and compound

It’s all worked out well for Lanny…

Just my investment portfolio—IRA, taxable, and HSA—is sitting at around $1.3 million.

Combined with his wife’s investments, the total is $1.99 million 💰

Best of all, Lanny’s investments produce a nice income each year…

Total income from just the dividends, stocks, ETFs and mutual funds, across all accounts between my wife and I we’re at $45,000 across all accounts and it’s all just working on its own