2.4 • 606 Ratings
🗓️ 14 July 2020
⏱️ 16 minutes
🧾️ Download transcript
In today’s episode, Jeremy Schneider explains what dividend stocks are and why he believes that chasing dividends will actually make you less wealthy in the long run.
He recounts an example told by Warren Buffett explaining why Berkshire Hathaway has never paid a dividend.
Jeremy also answers a user question about a better way to invest than the S&P 500 when saving for retirement.
Click on a timestamp to play from that location
0:00.0 | As Jack Bogle said, you don't want to look for the needle in the haystack, you just buy the haystack. |
0:04.6 | That's kind of the concept behind an index fund. |
0:07.3 | And then you own all the dividend and non-dividend producing stocks. |
0:13.8 | Welcome to the Stay Wealthy podcast with Taylor Schulte. |
0:17.0 | Once again, this is not Taylor Schulte. |
0:18.8 | My name is Jeremy Schneider filling in for Taylor for the month of July. |
0:22.2 | This is my second of five episodes I'll be doing during July, and Taylor will be back on the mic in August. |
0:28.7 | If you want to find notes for the show, you can find them today at you staywealthy.com slash 76. |
0:34.9 | Today I want to start with a bit of a trivia question. |
0:39.4 | I'm going to name 10 stocks. |
0:43.5 | I want you to think about these stocks and try to figure out if you can tell them what they have in common. |
0:44.4 | They might have a few things in common because you can probably find some similarities |
0:47.6 | with any 10 large publicly traded stocks, but these 10 have something pretty specific |
0:52.7 | in common. |
0:54.1 | These companies are, in alphabetical have something pretty specific in common. These companies are, |
0:55.5 | in alphabetical order, Amazon, Berkshire Hathaway, CarMax, Chipotle, Facebook, Google, |
1:04.1 | Netflix, Salesforce, Under Armour, and United Airlines. Do you know what those 10 companies have in common? And they're |
1:12.9 | not the only 10 companies, but they are 10 very big successful companies that have this in common. |
1:19.2 | If you read the title of today's show or if you looked at the show description already, |
1:23.4 | you probably know that it has to do with dividends. Those 10 companies have never paid a dividend. |
1:28.8 | So a little bit of a spoiler alert there in the title, |
1:31.0 | but those are some big, profitable, successful, fast-growing, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Taylor Schulte, CFP®, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Taylor Schulte, CFP® and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.