Many investors have a goal of growing their income. It makes sense, right? No one wants to lose money in the markets. A simple Google search shows us about 469 million results for the phrase “grow income.”
Today, we’ll look at how the TradeSmith suite of tools can help you manage, find, and review dividend investments in the markets. In traditional markets, you can do this through dividends. They act as an additional source of income beyond a stock’s market performance. And cryptocurrencies have their own sort of dividend, too.
In TradeStops, you can review the dividend yield for your positions from the Positions Tab. Remember, dividend yield is calculated as Annual Dividend / Share Price. TradeStops will make these calculations for you, so there’s no need to break out the calculator!
You can access the Dividend Yield by adding it to your position view. These views contain the columns of data you see for your positions. The views are located on the right side of the screen.
You can click the pencil icon to see more columns of available data. When the list appears, you can easily add the Dividend Yield column.
Ideas by TradeSmith
Once you’ve selected all the data you’d like to see, make sure to save your changes. Now, when you review your positions, you can quickly and easily see which positions have a higher dividend yield. It’s a great way to see which positions are generating the most extra income for you.
How can you find stocks with a high dividend yield, though? Ideas by TradeSmith has you covered. Our Dividend Growers center shows you stocks with strong income potential based on the current health of the stock and consistent dividend growth performance over the last five years.
To access this information, simply select TradeSmith’s Lab and then Dividend Growers. It will display a list of investments that have strong income potential. Now, while we do provide quite a bit of information on these investments, it’s up to you to do further research. You need to decide if the position is right for you.
You can export this data to do further research. On the right side of the screen, there is an export button. It looks like a little arrow pointing to the right. If you click this button, it will export the results to a spreadsheet. From there, you can use the spreadsheet to make notes about the various results and ultimately decide if any of the positions work for you.
Crypto By TradeSmith
Now, you’re probably thinking to yourself, “Cryptocurrencies don’t pay dividends.” Well, not in the traditional sense in most cases. A crypto dividend is more like a way to save on cost upfront. Many exchanges offer their own cryptocurrency. Take a look at some of the popular ones below. We’ve included the CSI and VQ for your convenience.
Most of us know when we make a crypto transaction, there’s a fee. That fee gets paid to the miner who processes your transaction. These exchange coins can give you a discount on that fee. For example, using the Binance coin will give you a 50% discount. Other coins pay different discounts.
CEFS is a little different. It pays holders a portion of the exchange’s monthly revenue. The coin is very expensive, though. And, there are not many in circulation, with a fixed cap of 6,300.
Many exchanges advertise their own token somewhere on their website. Try checking them out the next time you make a crypto transaction.
Some of you may have noticed that our email schedule has changed a little bit. We know that you likely receive many emails each day, and we’re committed to bringing you the latest investment news. So, we’re changing up the schedule to ensure you receive timely updates.
- Our Monday Crypto Decoder has moved to Tuesday.
- The Tuesday TradeStops editorial has moved to Wednesday.
If you’ve missed any Decoders or editorials, you can find them on TradeSmith University or the TradeStops blog.
There have been many daunting news headlines out there. Talks of trade wars and an ongoing government shutdown are having a roller-coaster effect on the stock market. There are methods you can follow, however, even as the bear market starts to take over. Make sure to register for our next educational webinar, where Tom Meyer and Marina Stroud will discuss how inverse ETFs can help you.
Finally, our Product Engineering team has prepared a short survey about where our audience gets their investing news and information. The survey is short; it’s only 12 questions. We’d really appreciate it if you could take five minutes to complete the survey. As a bonus, you’ll be entered into a drawing for a $1,000 TradeSmith credit good toward any product or maintenance fee.
Click this link to get started.
We hope that these guides have helped you. TradeStops can show you which of your positions have the highest dividend yield. Ideas by TradeSmith can help you find positions that are dividend growers. And, you can use Crypto by TradeSmith to research exchange-specific coins that can help offset the fees you pay when purchasing cryptocurrencies.
As always, if you have any questions, feel free to reach out to us. Our Customer Success team is always happy to help you. Our email is [email protected]. We’ll usually get back to you within one or two business days.
Until next time,
TradeSmith Customer Success Team