Dividend Detective

I found a site that should be interesting for all income investors -- Dividend Detective.

This site is not about any kind of "fixed" or loanership or interest type of investing for income -- just dividends from equity investments. So for those of you who are resisting the double taxation of dividends, this can be a good resource.

But be aware that it's a membership site -- that is, access to much of the information is limited to subscribers. However, you can still obtain good information on, and lists of, dividend paying stocks, Real Estate Investment Trusts (REITs), Master Limited Partnerships (MLPs), CanRoys, closed-end funds, Canadian income trusts, and Business Development Corporations.

But if you want guidance on what to buy and when, you must fork over some cash.

My one gripe is that, from what I can see (and I didn't subscribe, so maybe this is addressed in the premium section for subscribers), the site encourages investing in individual securities. There is market commentary advising that certain ones or types be bought or sold. The whole idea of the site is to advise you on what to buy and sell, and when.

I strongly suggest you stick to exchange traded funds (EFTs) and index mutual funds, if at all possible (and it may not be with some of the most unusual securities, such as Business Development Corporations -- those are not your average every day investment.)


Dividend Detective
Dividend Detective