This class I designed for beginners, but it's useful for baby boomers too and I'll talk about that a little later. Okay. Usually companies that have dividends or will establish companies, many of these companies may be a blue chip company, which means that they probably have. You probably have to pay a premium for that stock. Because it is a large company, the growth is limited, usually to single high digits. So like what I'm using today is croctor and gamble. Okay. So dividend and a little hopes back one. Slide to please. Okay. Okay, here we go. So, I've been a member of better investing since 1999. We're an all volunteer group so I've been investing and trading for 40 plus years. Another email address if you ever want to ask me a question go right ahead. Email me. I am a graduate of Mills College my major was plea, which stands for political, legal and economic analysis, and I have an emphasis on economics. Next. Okay. So rule number one is to pay yourself first. When you were still on slide to. Okay. When you thrive, your family environment will be a happier one. It's not enough to just survive. I think everybody deserve a life of happiness and a thriving environment. And with this pandemic is important to learn to have multiple streams of income dividend reinvesting can be helpful. And this is important to start as soon as you can to establish a process that will be helpful to you to have a thriving life. Think of it as building a supplemental income stream. Next slide. Again, this presentation is for education purpose only. Better investing does not make any recommendation to buy or sell any stock mutual funds or ETF. I want to create this presentation because I want to share this information, because the middle class is being hollowed out, and we need to build a bigger and better middle class.  Next screen. Better investing who we are. We are a nonprofit. We are a volunteer base. We are a member driven. And we don't charge any commissions. We don't make any recommendation. Our website is www.betterinvesting.org. If later on you want a 90 day free membership, you can let me know through email. We don't ask for any credit card information. But if you do sign up and you want the 90 days, I would recommend that you take as many classes, and they're all free to get you started to improve your financial literacy. Okay, next slide. What's on the agenda. Okay, so I talked about who is better investing dividend investing elements. I'll take some reason questions at the end. My classical is to address the fear about the stock market. And hopefully I could change your perspective. I'll show you the results of regular investing and reinvesting your dividend for Procter & Gamble and to encourage you to start taking control of your financial future. Okay, next slide. This slide is really, really important because I lived it. This is historical asset class performance. So if you look at this, the only thing that has really thrive are in this particular size is large stocks and small stocks, where they have double digit return. My mother was very good with money. She really skimped and saved. But she didn't know anything about the stock market. And so if you look at the slides, it'll tell you that if the government bonds paid 5.7, Treasury bills paid 3.5, and inflation was 3%. Now, this is 90 years, but you could see on the screen where it's circle in the oval circle and red. If you're down there, you're working a long, long time and your money is not growing. And it's just the only thing that has beaten inflation is real estate and the stock market. So I want to present to you guys the thought that you should start investing in the stock market. So rule number one, you got to pay yourself first. A lot of people tell me they don't have any money at the end of the month. I go, of course not, because if you're at the, at your last in line, you never get anything. So you have to be number one, you have to pay yourself first. And it doesn't matter where is a dying or whether is $10 or $100, but it has, you have to pay yourself first. And the dividend reinvesting building is the supplemental in supplemental income in the long term. Okay. Number eight dividends. Okay, so dividend is usually coming from a prop from the profit from a business that makes which the board of directors authorized to give to the shareholders. What qualifies aristocrat dividend companies have. They have a history of increasing their dividends for at least 25 years. Okay, so the presentation that I'm doing with Procter and Gamble, they have increased their dividends for over six decades. Okay, so I am not introducing something that is speculative. I am bringing you trying to present that you don't really have to take a lot of risks to be able to do well. Okay, so we're going to talk a little bit about the glossaries that you, words that you need to understand. Dividend, what is a dividend, a bull market. Somebody asked me, what's a bull market. A bull market is when the stock market is going up. Okay, and a bear market is when the stock market has moved down 20% or more. Okay, dollar averaging, and I'll explain that in the presentation, and the dividend yield dividend dividend divided by the current price of the stock gives you a dividend yield. And it's very interesting if you continue the process of investing how the dividend growth. So I wanted to show you that. Okay, so here. Next screen. Here is a picture of a bear market. And you can see, starting from 1929. The bear market and how much it went down. Okay, so like in 2007, October 2007, the market basically went down 57%. And I remember that. And so let's go to the next screen. And if you look at this, the bull market. In 2009, though it went down 57%. Okay, and through those nine to bull market went up 400%. So what you find out if you look at the history is that a bear market is after a bear market comes a bull market and the bull market always goes higher. So, so if you look at it that way, when it's a bear market is a buying opportunity. Okay. So what I'm going to cover is historical data on a monthly investment with proctor and gamble. I picked proctor and gamble because there's a brand name recognition here. Ty bounty, gain, Pampers, Gillette head and shoulder, the swifters, Dawn, Mr. Clean, Crest toothpaste, Oral B and the lights. They have raised their dividend for 66 years in a row. And they also are involved with environmental sustainability goals. They've put out goals since 2010. And so everybody's on the bang wagon now in regards to helping the earth become more environmental stable. One rating for proctor and gamble is a three. This is by moody, and it's calling an investment gray. So the investment gray with a three means it's low risk. This company was established in 1837. And this monthly study is from 1982 July of this year, 2022. So here's the bulk of it. Let me explain the screen. I'm not going to go through every year. But I will have a five year summary. Let's look at this in January. January. The first monthly purchase is for $100. And the price of the stock is $74 and 25 cents. Okay. The purple on line six and line 12 is highlighted in lavender. And that is the range for the year 6775 is the low price and 7938 was the high price. Okay. The other thing that I wanted to point out. The last time I talked this class was that I put in column D dividend increase. So we talked about proctor and gamble increasing their dividend for 66 years. So in 1980, they increased it, their dividend from 85 cents to 95 cents. What I found out a lot of people said they weren't impressed about that 10 cents increase. But when you put in the percentage, that's 11.76% increase. And that's impressive, because I always ask people, are you getting that in your, in your job, are you getting it a 12% raise. Okay. The other thing in column M. I do cover is like I listed all the bear markets. And so you can see my notation in there that it started on 1128. Okay, in 1980, the S&P was down 27%. And the proctor and gamble was down also 27%. And column, let's see if I can see it. Where it says note column in the 1980 to dividend.  And what you collected and dividend was $15 and 38 cents. So once you remember that, so you got 15 bucks in dividend, the, the market range went about 17%. Okay, so we talked about the high and the low for the year, the dividend yield is 2.37%. And because you're buying at $50 after the initial $100, you're buying $50 a month.  And the average cost is $73.93. Okay, next screen. So you can see here in the next year in 1981, on line 31, you could see that they raised a dividend, and they raised it by 10.53%. Okay. And if you look in column M, you have that yellow, we're in the bear market still. And, but if you look at the prices of the stock on column H, you could see that the range was $67 for the low and $79 for the high. So we have this thing called the flight to quality when, when the stock market goes down. People are scared, which is normal. And what they will do is they will go to companies that they know something about. They know that even during a recession, we still have to brush our teeth and we still have to do our laundry. And so Procter & Gamble is one of those companies. And it's called the flight to quality. So actually in a bear market, Procter & Gamble does pretty well. It still will fluctuate, but it holds up pretty well. You could see like some of the stock market, right, some of the stocks in the stock market, if they don't have earnings, they will drop 90%. But Procter & Gamble does make a profit. It's kind of a dull boring stock, but it holds up pretty well. So now if you look at column N, and you look at the dividends for 1981, remember you had $15 of dividend. Well, and so this is the second year, the dividend is $50 now. And what you have invested in two years is $1,250. And the market range swing by 19%. And the yield, the previous year yield was 2.37. So if you look at what the yield is now, it is at 3.9. So, and how you do that calculation is you add up all the dividends and you add up what you put in the $50 a month, and you divide it by the dividend you get. The dividend yield is 3.9. I like the idea that if you keep sticking with it, your dividend yield continues to grow. And your dollar averaging cost, it was $72 now it's down to $70 and 24 cents. Okay, so one more slide on the third. Next slide. And you'll have a bear market here. Okay, so this bear market went from November 28, 1982, August 12, 1982. So, it was a pretty long one. Again, let's see what we got here. Let's go over in column N. Let's look at that yield. So you collected $88 of dividends you put in 1850. Now, the price, the market range of the stock went 44.94 because of the bear market fluctuates a lot, but this also gives you the opportunity to, to keep buying and keep building. Let's look at that yield for 1990, 1982. Now it's 4.43% and your average cost per share is $71.37. So if you look at this in column H, your low price for the year was $80.38. And at the end of the year, the high price on December and December, the stock was $116.50. It, it's in the bear market bear market. And once we got out of the bear market, it bounced back pretty well. Okay, I am going to skip. Okay, let's go go to screen 17. Okay. So if you look at this, this is 1984. This is the fifth year. On line 76, you have a dividend increase of 8.33%. Okay. And you've had a stock split. Okay. The low price was $46 and the high price is 59.50. Your dividend is now $169. So it started at $15 a year. Now you're up to $169. And you have invested $3,050 and your dividend base is now at 4.82% yield and your average cost is $38.93 a share. Okay, but the price of the stock is that 58.75. If you look on column H. Okay. So next screen is the five year summary screen. I thought this was very interesting. The monthly investment five year results that you invested $3,050. The market value of the stock is $4,062. Your return is the 4062 minus the 3050. Okay. Divided by the 3050. You got a 33% return. Divide that by five years. Okay, so you're getting about a little over 6% return. So you have the stock split in July in January of 17, 1983. Now a lot of times they will say a stock split is a non-event. And because they tell you that it's like getting $2, $5 bills for $10 bills. So it's really a non-event. And if you look at the historical data, when they have a stock split, and if you're investing regularly at $50, when the stock is $100, you can only buy half a share. But when they do a stock split, your $50 now can buy a full share. So that really has the impact when they do stock split, it means that management thinks that the stock will go back up. And so it's, to me, it's a buying opportunity. You can also see that the yield went from a 2.37 to 4.82. Okay. And we had a bear market from 1980 to 1982. So you have your ups and downs, but I think it, the stock has done pretty well. And this is a stock that you can, you can sleep at night with it. Okay. Okay. Next screen. So this is the sixth year. So this is 1985. Okay. So you see on H, the price range is $52 to $67. You now have on column K, you could see that you're close to 100 shares, you have $92.81 shares. The dividend has grown to $220 a year. And the amount you invested is $3,650. But the market value is at $6,241. So basically it has not quite double, but it's pretty close. And I think that's pretty good. And your annual, again, is moving up and is at 5.9%. And your average price of the shares that you own is now down to $39.33 with the market value of the stock trading at $67.25. Okay. I'm going to skip a year and we'll go to 1987. You can see here. The market here is very interesting. So over in column H, you can see the volatility here. The stock was 101.38. And the low was 61.38. So we're talking about on October 1, on line 121, it was $101. And on line 128, 19 days later, the stock is at $61.38. So if you look over to column M, there's a bear market from August 25, 1987. The S&P was down $33. And the Procter and Gamble price range is 39%, is down 39% in the beginning, and it is down 18% by the end of December 4, 1987. Your dividend is close to $300 now at $294. You have put in $4,850. So here's the market range because it swung quite a bit, 65%. But your dividend yield is at $4.83 and your average cost is $42.16. So you put in $48, almost $5,000, $4,850, but you have something that is worth $9,405.38. So this is going to, next slide, we're going to 1989. And you can see here in column D, we have two dividend increases, one in January that was 14%. And another one in October that was 12%. And over in column H, you can see the high and low price of $87.25, and the high price is $128. Okay. So over here in the notes and column N, you can see that your dividend, the annual dividend is now totaling $433. The amount that you invest at 50 bucks a month is now total $6,050. And the market range is 203%. So it swings. But even through a bear market, we still need to get up and brush our teeth and do our laundry. The dividend yield is now at 5.39%. And because you had a stock split on 1016, 1989, your average cost now is $22.13. Okay. With the stock price ending at $65.88. So I think that when you look at your cost and you look at how much it's worth, it helps you to hold on during a bear market. Okay. And when the bear market recovers, and we start a bull market, it always holds up very well. Okay, next screen. So this is a 10-year results. Your monthly investment was $6,050. The value of your shares is now $18,000. So this took 10 years, but that $6,000 that you put in 50 bucks a month is worth three times what you put in. So this works out to be about a 19.77% return. Your yield has grown from 2.37% to a 5.39%. We did have a five-month bear market from August of 1987 to December of 1987. But we also had a stock split within this 10 years, split in 1989, and your average cost is $22.13, and the market value per share is $65.88. I think that's pretty impressive. Okay. So now we're starting the 11th year. So if you look at the 11th year in column D for dividend increase, we got another 11% increase. Okay. The price range in column H is $63.38, and the high price of 89.88. Okay. In column M, you'll see that we have another bear market that started in July of 1990. The S&P was down 19%. Procter & Gamble was down 13%. And the bear market ended in October of 11th of 1990. The dividend yields is over $500 now. The dividend yield based on your total investment is at $5.65, and your average cost per share is at $2307, and the market value is at $83.13. So hopefully, you know, over the time of 10 years, you're not so fearful of the stock market. We could start with a quality company, a quite conservative company. And so you mitigate the risk, yet you still retain a very good return. Okay. So next one we have is 1992. We can see in column D, we have a dividend increase of 10%. I'm hoping everybody's getting those kind of percentages in their jobs raises. We have a stock split. If you look in column M, you have a two-for-one stock split. So at this point, it's a two-for-one stock split. You had 309 shares, but now you have 619 shares or 618 shares. So you can see that just before the stock price, stock split, the stock was $104, and with the stock split, usually it's about half. Now it gets a little depressed, but immediately the following month, the low price was $4638. By the end of the year, it's at $53.75. One thing I really want is like, so this is the 11th year, and if you look at your dividend yield, it's 5.7%. I remember when I started out, I was always looking around for CDs that trying to find the biggest return. All I really needed to do was to just do my regular investing, and my yield continues to grow. Okay. Next screen is 1994, and we can see here the dividend increases at 12.9%. The range for the year is $52.50 up to $63.25, and you can see now the dividend yield has hit 6%. I think that's pretty good. And also is that if you look at it, so this is 15 years of investing, you have put in $50 a month, and that's $9,050, and what you have in your portfolio is not worth $41,000. So I think that that works out pretty well. I do want to address the issue like I said, I developed this class for millennials, you know, because what I hear from them is they don't have a lot of money, and they don't have a lot of time. And so that's why I started with this with $50. And if you also noticed that in the 15 years, we never increased that $50. It stayed at $50. And the results are still very impressive. If you're not a millennial, and somebody says, but I'm a baby boomer, I says, well, then if you're a baby boomer, you have less time because this study goes for 42 years. I would say, you know, change that $50. And if you can, if you can invest $100 or $150, you can take the same numbers, looking at the market value, and times it by, you know, two or times it by three or whatever increments that you're increasing that $50. So the study still works. And though you have a shorter a shorter timeframe. Okay. So let's go to, here's the 15 year results. So investing from 1980 to 1994, your total investment is $9,050, but you have a market value of $41,956 and 73 cents. So you're talking four times. The dividend yield is that 6%, over 6%. Your average cost per share is $13.24. But the market share is that $61.38. You had a stock split in June of 1992. So that's the summary of the 15 year. So I'm going to jump over to 1997. You can see in column D we had an increase of 12.27%. As far as dividend increases concern. We have a two for again, we had another two for one stock split. So we have 800 shares and now it becomes 1600 shares. And if you look at your dividend, so this is the into what 17th year, your dividend, your annual dividend check totals $1,500 a year. And remember when we first started out, we started out at $15. So the compounding and the increase is significant. So this is like 17 years. So you have put in $10,850. And the yield now is at 7.56. And your average cost is $6 and 71 cents. And your portfolio is worth $126,000.  So you can use this fly to fit your situation. So here we have in 1998, we have a, let's see, we have online 303, a dividend increase of 13.10%. And your portfolio, we have another bear market. Right. The bear market is down just under 19.3% procter and gavel is down 12 and a half. That's their swing. You have a portfolio that is worth $144,000. The dividend yield is 7.76. That's a lot better than any CDs. Your dollar average cost is down to $6 and 96 cents. And you think about it, the, in column, and it says, you know, where you have your monthly month, the 1980 to 1998 amount invested monthly totals $11,450. That's the $50 that you put in every month and is now worth 144,000. So I think that's a pretty good return. And let me know what you think. Okay, so we're going to go to next year is 1999. So on line 319, you can see that the dividend increases at 12.28. The value of your portfolio is $187,000. That's not bad for an investment of $12,000. And think about that dividend yield is now at 6 at 7.97. So that definitely beats inflation. Okay, so now I have a 20 year summary. So you put in $12,000. It's now worth 100 and post $188,000. Your average cost of the stock is $7 and 20 cents up because of all the stock splits. The market value per share is $112.25. But your cost is $7 and 20 cents. This is, if you own this, this is what makes people hold on to their stocks. There's another stock split in 1997 in this period. And we had a six week bear market from July to August of 1998. So it's a really interesting thing that these bear market can be very short too. All right. Next screen is going to be for the year 2000. We see here that on line 335, we have an increase of dividend of 9.38%. You can see the range here. The low is $55.88 and the high was 115. Okay. And this is, we are in there with a bear market that started in March of 24, 2000. The S&P was down 49%. Procter and Gamble range was 39%. But at the end, Procter and Gamble was up 63% from below. Okay. So if you're looking at year 2000, your dividend, it has now increased it to $2,261.62 a year. So you know, you think about that, that's almost $200 per month. The amount you invested is 16,000. Yes, the market range was 106%. So it was very volatile. But if you hung in there and stay with the program, your dividend yield is at 8%. And your average cost is $7.38. And the stock price is at, at the end of the year at $73. And you have a portfolio that is at 126. Okay. So you could see here in 2001. Okay, you have a dividend increase of three online 351 of $8, I mean, 8.57%. So you could see here you also in the bear market. And you can see that the dividend yield is now at 8%. So let's go down to running out of time here. Doreen, can we go to, can we go to slide 42? Yeah, just let me know when you see it. Okay. Not a little bit more. Here we go. No. 25 years. Okay. Yes. Okay. So the month of the investment is 15,000. And guess what, it's worth $204,000. If it was anybody that's over 60 would like, would they like an extra 200, $200,000 for the retirement, the dividend yields up to 8.51%. So you can see, and that the yield keeps going up. So that was very impressive for me. Your average cost is $4. So we do have a 241 stock split in 2004. And we do again, you know, every five year summary we had, we, I had to put in a notation about having a bear market. So bear market. I thought this is very interesting because we were taught in school that a business cycle is five years. So I just thought that in the presentation that a five year summary, every single slide I had to include a bear market. But as you can also see that after a bear market comes a bull market, and the value of your portfolio doesn't increase every year, but over the long haul it does. Okay. So let's go to line 4045. Sorry, did you want slide 45? Yeah, slide 45. Okay. Okay, so this is night. This is 2007 right. 2011 you want to go to 2007. Yeah. Okay, so 2007 the dividend yield increase again is 12.9%. It's interesting that how many shares that you have now. You have over 4000 shares. Okay. We had a this 2007 2008. This is a bear market I remember, because the SMP was down about 57%. And Procter and Gamble was down 36. So the dividend yields at 9.21. So, you know, even though it was a really tough bear market, if you know you have something that you are holding in your investing that is giving you a 9.21% yield and your cost is $4 and 20 cents per share. I think it gives you something to fight back the fears and your portfolio is worth $295,000 at this point in time. So let's go to, let's go to slide 30. And this is the 30 year results. So your portfolio is worth $268,000 dividend increase based on your investment is a 9.82% return. So, you really can't sneeze at this, you know, for the results. Let me go down to 54. This is 35 year results. Okay, so at this point 35 years in you have put in $21,000 in, and it's worth $453,000.  And you add, let's say if you're 25 and you add in 35. So, this is not too bad to have an extra, almost a half a million dollars, and your yield, your dividend yields at 9.81%. So, again, we have another bear market from April through October in 2011. So this is 35. Let's go to the 40, which is 60. Okay, so now you have your portfolio has grown to $740,000. The dividend yield has gone back down to 848. But your stock average stock price is 399, then the market share per share is 122. And we had a bear market in 2018. So, I think in the next one, the slide 64. This is after 442 and a half years at $50 a month and never increasing it. So you have invested $25,600 and the market value of it is $937,000. So you look at these numbers. I think that this address the issue of the fears and encourage you to start investing in the stock market. Okay, data sources. I got this from the standard and poor daily stock prices. I went to the library on the fourth floor, and I looked up all the stock prices I use the closing price for each day that is on my on the information. They only went up to 2010. So from that point on, from 2011 to 2022, I use finance at yahoo.com to get my data. So Q&A. Thank you. And there's a lot of data, but I wanted you to see how it can grow. It's $50 a month. And I, people had said, why did I not go for a yield? And I said, when I developed this class, I wanted to develop something for the new people, because I want a quality company, and, and, and something that people would recognize a brand name. So that's why I went with proctor and gamble. The previous time I use Johnson Johnson. But, you know, long as you have something quality, and you have brand names. Like I said, we need those necessities we need to pay some and detergents. And, but I wanted to expand a little bit about the yield. And why not high yield because, like IBM, they pay close to 5% or AT&T all the telecommunication stocks pays high yields and we're talking four to 7%. And why not go for the yield? And, but if you look and do the research on it, what Johnson and Johnson proctor and gamble have is that the stock appreciates. I looked up some of the telecommunication telecommunication telecommunication stocks, and over 16 year period, they only move $20. They didn't have the capital appreciation. So, and of course, their balance sheet doesn't look as nice as proctor and gamble or Johnson Johnson. So I figure if you stick with the quality and stick with necessities. You can actually have a high return with low risk. And that's what I really like about this. For the, for new people, this would be a stock that you would want to buy for your grandmother that you adore, you know, because they can't afford to risk. This is the slowest risk I can think of. And that's why I did this class. You ready, ready for the Q&A. Yes, I'm ready for the Q&A. Okay, here we go. JP is going to assist me with this. So first one way back at the beginning. Qualified dividends. And how can you tell if they're qualified before purchasing? Are there index funds or ETFs of high performing qualified dividends? Qualified dividends means that you hold them for a year. So if you hold a stock for over a year, all the dividends will be qualified. The caveat I have about that has to do with tax reporting, because if you buy, like the spider, the S&P 500, they declare a dividend on the last day of the year. And that kind of creates havoc for taxes wise, because you have to figure out whether you receive, they declared or do you got pay on it. So I usually just avoid S&P 500 for that reason, because I came across some tax accounting nightmares because of it. Yeah, qualified dividends are defined as something that you hold for over a year. So if you hold them for over a year, if you own the stock for over a year, it's a qualified dividend. Yeah, okay, Harriet, here's a three-parter. How do preferred shares differ from other shares? Is there a fund or ETF of preferred shares of aristocrat dividend companies? And what's the benefit or drawback of investing in this kind of fund versus buying the shares separately? The preferred share has a preference, it's preferred. So they get paid first before the common shares. Okay. So it also depends on, I don't have too much experience with preferred shares. I own a few but not many and I don't own any now. They get paid first, so that's good. It's usually different from what they pay to the common shares. Is there an ETF? You know, I think that value line, if you're looking at individual companies, value line will tell you whether they have preferred shares or not. Or either that will go to the website. Is there an ETF that does prefer shares? I don't know, but I wouldn't be surprised if there was. Yeah. Okay, next question. What are aristocrats dividend companies? Aristocrats dividend companies are companies that have increased their dividends for 25 years in a row. So I'll tell you this story about IBM. IBM's dividend have increased their dividends. And for the last, I think, four years they have increased their dividend by one penny. The reason why they wanted to do that was that they needed to get into the aristocrat dividend paying companies because they have to increase their dividends by four, 25 years. So they weren't doing that well financially, but they increased their dividend by one cents for four years so that they could quote unquote qualify to be part of the aristocrat dividend companies. There is a ETF, I think it's called EERGL. And those are for companies that have increased their dividend for the last 15 years. The one for the aristocrat dividend company is called NOBL. But if you're looking for ones that pays a really good dividend, you're going to have to cherry pick them. There's a comment followed by a question of comment, wow, the dividend yield is almost like investing in a CD, plus you have the stock value on top, nice. And the question is, so I'm reinvesting in a stock is like dollar cost averaging, am I right? Yes, yes, you are.  But the thing about is like when you for like for property and gamble has a lot of stock split, you know, so usually, when it's 100 something dollars they'll split it. And so it goes down to $50. And they try to say that is a is a binary event that has no effect because it's like giving you two $5 bills for $10 bill. But if you study the data. And it usually does a stock split in hopes of the stock would go back up to the original price. So actually when they have a stock split. So it goes from $100 to $50. Anytime from that point on $50. I think that you're getting a pretty good deal because they expect it to go back up to 100. There's a nice comment. I like this one. This stock is like the little engine that could the longer you continue to consistently invest in aristocrat stocks dividend paying companies, your investment with dividends seems to land positively for the investor. There's a question immediately following it or yeah let's see if you're a reinvesting dividends that means you're not taking the dividends and not using it as an income stream. Am I right about that. What if you need to use it as an income stream. Yes, you know when you're reinvesting you're buying more stocks. So if you need an income stream, you would have to take that out so then that means your portfolio would grow less right, it would only grow by the appreciation of the stock. So, you know, like when I developed this class everything. Oh, it was for millennials.  The dividend yield for the first year at 2.37% giving you $15 a year. It's not something that's going to change your lifestyle. But at some point you know when it gets into. Let me see. Let me check something. Let's say in 2019 right so you've been investing for for quite a few years now, your dividend check is $4,470. At some point if you needed to. You know you lost your job, or you get to retire early you could count the sentence as well gee, you know if I get a dividend check of quarter every quarter of $4,000. That may help you to say yeah I can retire early or whatever, and at that point you would use that as your income stream. Yeah.  And you, and you almost have a million dollars. Right. I mean, a lot of people think that that's impossible. So here, this is an example of $50 a month. For 42 years but it gets you pretty close to a million dollars and I think that's a great return. I wish my mom knew about it, you know. Next question. Did you manually input numbers into the spreadsheet or is this info from investing software. No, I manually. I was at the library for three whole days collecting the data and putting into my Excel. And so it took me three days to collect all the data looking through all the books and going through finance Yahoo, and it took me another four weeks to get it into the PowerPoint. Hey. And we appreciate all your hard work. I just want you to know that. So the next question is a really good one you're going to like this. The dividend yield over time compare with inflation. The average inflation rate until this year was very benign at about 3%. So, it definitely the dividend yield beats that okay. However, you know, the last year, the inflation raised its head, and they say it's a little over. Well, I would say they're saying 9%. Okay. So, the dividend yield. It's close to that. But I think that what really bails you out here is the reinvesting of the dividend, and you, you know, because you put in basically about $25,000, and you got a million almost a million dollars out of it. So I think that what you would say it beat inflation. So it's a combination that they increasing the dividends, as you can see the places where they increased it from 10 to 12 to 13% a year, and also the appreciation of the stocks. So it's like a one to punch, you know, to beat inflation. Okay, another one. I know it's dangerous to state a formula about fluctuating stocks. We want to be active investors. However, will you say it is safe to say that an aristocrat stock that pays dividends is one to invest in monthly and long term, and not sell for a period of time. Can you repeat the question? Sure. So I know it's dangerous to state a formula about fluctuating stock. However, would you say it is safe to say that an aristocrat stock that pays dividends is one to invest in monthly and long term. In other words, not to sell for a period of time. Yes, I think that if you can hold on to it and keep investing on on a monthly basis. It's great.  There is that phenomenon with the aristocrat dividend company, the flight to quality. And so it holds up during a recession or during a bear market pretty well. I mean, and initially, when the stock market drops, everything drops, but it recovers pretty well. Okay. So there is that flight to quality. That works for them. Go ahead. Go ahead.  And so your portfolio will grow. But if something happened to your personal life, at least you have this to tap into and use it because money is meant to be used. Okay. We've got some comments. Wow. Well done Harriet. I have to say I concur. This is the second time I've watched you go through this and it's inspiring. Okay. Thank you very much. Great job. Thank you. Okay, here's a question. What about the taxes do you pay every year? Yes. Yes. The dividend is declared. And so you receive it is a qualified dividend. Yes, you do have to pay taxes on it. So like in 2019 I'm looking at my screen for 2019, the year 2019 you got $17,000 in dividends. And yes, that is taxable. Okay, looks like a couple more questions Harriet. How do you calculate capital appreciation? If they want that I can send them the formulas I have on an Excel sheet. So they just need to write me and I'll give them the calculation I get sent it to them. Okay. So how do I figure out the amount invested total? What's the return on it? Okay. Yeah. If they write me an email, I can send them the formula that I have on my Excel spreadsheet. Okay. Yeah, that's great. And again, to the person who asked Harriet's emails on the screen right now. Yes, it's SKCOTS is the word stocks, spell backwards at Yahoo.com. Okay, and I will also include your email in the follow up email that I'll send out to everyone just as a reminder. Okay, a couple more comments. Thank you. You did an amazing amount of work. It was very informative. Thank you for the comments that AT&T cut their dividend about a year ago. Okay, then we did. We did the question about capital appreciation, correct? Yeah, okay. Oh, comment about AT&T. The reason why their dividend was cut was because they did a spinoff. What's that? They had their own direct TV or something like that, and they spend it off to a different company. So that's why the dividend went down. It looks like we have the last one here. So it is true that it beats inflation only if you reinvest. If you have to take the dividends to supplement income, does it still beat inflation? And then this person also says thank you for the wonderful presentation. If you take the dividend out, right? If you take the dividend out because you're using it, you're not reinvesting it. So the number would go down. Yes, it will go down. Okay, then you only have, you don't have the member, you know, in 2019, you had $17,000 going in reinvesting. Okay, if you don't reinvest it and you say it's at a point where it says I need that $17,000 as part of my retirement income stream, then you have less $17,000 to be reinvested. Okay, so the numbers will be adjusted. So what you get then is you don't get that $17, but you do have, you know, you got about $5,000 or $6,000 shares of Procter & Gamble. And the appreciation of that will affect the worth of the portfolio. So you figure in 2019, the portfolio was worth $740,000 and in 2022 it was worth about $200,000 more at $943,000. So if you didn't, if you took the dividend instead of reinvesting, it would be lower, but still to me that portfolio value is still significant. I hope that answered the question. Yeah, so too. So it looks like we have a comment going back to the AT&T dividends issue. It said some of the shares became WBD, and then someone asked, what does WBD mean? Oh, and then is this correct? Warner Brothers Discovery? Yes. Okay, so it became more, okay. So that brings us to the end of our questions. I want to thank you for spending the afternoon with us. Oh, WBD does not pay dividends. Oh, somebody in the audience knows knows a little bit about this. So thank you. So thank you very much, Harriet, for presenting this. Okay. Always fascinating. I hope that it will help people because like we're in a bear market and people are so scared to start, but I go, but you, you know, I think people know names like Procter & Gamble, and the thing is, is that they used to have programs where they will automatically do the best for you, but they pretty much eliminated that. So the individual needs to develop a process for themselves to say, I'm going to do it at the, you know, at the beginning of the month or at the end of the month and create a routine so that they can do this on a regular basis and take care of the financial features. Okay. That is good advice. And then there is a question. Yes, we will share this presentation. It'll be sent by email, along with a link to the recording. Somebody's asking, do investment companies reinvest automatically for you? I think you just answered that. But do you want to address that real quick? Yes. If you own an account, if you have an account as Fidelity or Charles Schwab, and if you say, you tell them, I want to reinvest my dividends, they will do that for you. And it's at no cost. Okay. Yeah, so look for that email later this afternoon. We just have to, you know, get everything together, but we will send it today. And I want to thank everyone for spending their lunch break with us and thank you Harriet. Okay. All right. Okay. Bye. Bye, everybody.