My 3 Best Dividend Stocks To Buy In October

Investing for income is difficult today and probably going to get a lot tougher over the next three years…

Wall Street will throw all kinds of crazy ideas at you that will allegedly raise your income level.

These products will raise someone's income level, but I suspect it will not be yours.

Millions of Americans will be looking for income as rates stay lower longer than anyone had thought possible.

In a recent press conference, U.S. Federal Reserve Chair Jerome Powell has said that rates will remain low until at least 2023, if not longer.

Inevitably, income-producing assets will be become bid up to excessive valuations.

Income investing will be difficult and frustrating beyond belief for most investors.

But there is hope…

If you take the simple rules that I'll teach you today, you will not be among the frustrated.

Instead, you will be a successful, happy income investor who sees a steady flow of income into your account and your money increasing faster than inflation over time.

All you have to do is look for companies where insiders own 20% of the company and the dividend is at least 6%.

Own a diverse portfolio of high yielding companies with high levels of insider ownership, and your results will be just fine.

Sure, it may not be as exciting as the latest and greatest product shoved down your throat by Wall Street, but this approach has two significant advantages…

First of all, it just works. And second, it's cheap, if not free, to execute depending on which broker you use.

You will own boring stocks most of the time. But your dividends will arrive every quarter with a high probability of increasing over time.

The people running these companies have the same goals you do as an investor. They want to generate income that can grow over time and for their money to escape the ravages of inflation.

That's why they set the dividend high to start with and why they will keep the payout growing…

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