The following is not intended as investment advice. Your capital is at risk when you invest in shares – you can lose some or all of your money, so never risk more than you can afford to lose. Past performance is not a reliable indicator of future results. Always seek personal advice if you are unsure about the suitability of any investment.

The no-nonsense way to get paid big income, for life

“This income generator is so effective, so simple – and so obvious – I don’t know why everyone’s not doing it.”
MoneyWeek’s income expert Stephen Bland

Dear reader,

I’m a dividend investor.

25 years in the game and I have no complaints.

Why? Because investing in dividends works. It’s proven to do so. Considering that my dividend strategy has paid out more than £50k of income on £75k of start-up capital since 2000, I think that’s beyond question.

Some people might prefer chasing unrealistic share prices… others might like wild speculation on commodities…

But even they would be forced to admit: dividend investing is all but guaranteed to make you money.

That is, if you’re the right type of person to let it make you money.

If you’re patient and not too greedy for instant results, everything suggests that dividends will grow your invested wealth considerably.

Today I’d like to show you how effective it can be, if you stick to my simple and consistent long-term plan.

If that sounds like something that suits you, I can show you how to do everything...

  • How to set up a dividend portfolio that will pay out good money year after year
  • How to keep it ticking along with almost no effort
  • How to reinvest your dividends and ‘supercharge’ their growth

Now, let me introduce myself properly:


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I think it makes a lot of sense, don’t you?

Especially compared to the mess most people make of their investing.

The way the majority of people try and make money from the stock market is very difficult… and painful.

It involves a lot of guesswork about when a share might go up or down.

But the dividend strategy I use makes money very easily…

It works with basically no effort – less than 20 minutes per month ‘housekeeping’.

Other than that, you do nothing.

No tracking share prices.

No sinking feeling when the FTSE loses 7% in a day.

No trying to guess what’s going to happen in the future.

Keep this running and it is practically guaranteed to pay out for the whole of your life. It will never stop working.

Once you set this up, and leave it running, you should gradually build a sizeable pot of money from the stock market – every single year – without crossing your fingers hoping it will happen. It WILL happen – it is as near as guaranteed as you can get.

In my opinion, it’s one of the safest ways to accumulate wealth from the stock market there is.

That’s why I really don’t understand why people gamble with their money, betting on shares, hoping they’ll go up. That’s madness.

Or rather, I don’t understand why they don’t at least try this dividend strategy as well.

Because there’s one undeniable truth about this – it works.

This not a 50/50 chance it will work. The FTSE doesn’t have to go up for this to work. You get paid no matter what happens in the markets.

The basics of this system have been around for almost 250 years. And it’s proven to work.

I’ll show you just how well in a minute.

As you'll see, it’s really very simple to set up and leave to run on its own.

In fact I’ve known some people who leave it for years – even decades, simply letting the money accumulate into a small fortune. Once I show you how to do it, you can decide for yourself how long you let this run for.

You can run it alongside your other investments, you can put as much into it as you want, you can set this all up without learning a new skill or ‘taking a punt’.

It’s a case of looking at the figures, deciding if this is for you, setting it up, and leaving it alone.

You may decide to let the money build up for five years, you may decide to start spending some of the money within the first year, or you may let it build and build over twenty or thirty years.

It really doesn’t matter. It’s all down to your needs, and what suits you.

You don’t have to bother with how much your shares go up and down in value. You certainly don’t have to take notice of all the news and rumours anymore.

Follow what I show you– and none of this will affect you.

I started using this strategy more than 30 years ago. And I still remember the relief I felt when I finally realised I could stop relying on blind luck for my financial security.

I receive a lot of feedback from my subscribers – men and women who follow my simple strategy.

Here’s one of my subscribers, Mike from Ilfracombe to tell you, in his own words, why he finds it such a good way to invest his money:


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I repeat, you don’t have to worry about whether your shares are going up or down anymore.

The simple rules that make my dividend investing strategy so effective…

If this sounds good to you so far, great – keep reading, I think you’re getting it.

Now, let’s move on to why dividend investing works.

Here are the key no-nonsense principles that have proven to work extremely well for me and those that follow my strategy…


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To quickly run you through those again, my key principles are very simple:

1. The No.1 RULE – The concept matters more than the individual shares

This may sound strange, but the individual shares are not that important.

I’ve already shown you that diversifying your investments in these big, reliable bluechip companies pays a good income return, over time. So this removes one of the biggest anxieties from investing.

Many of these companies have been around for fifty years or longer. They’re not going anywhere. Yes, their prices will fluctuate. However, it’s proven that overall they go up by some measure, over a long period – and that’s your investment time frame.

In short, big caps have an overwhelming tendency to increase in value over the long term. Here, take a look:


Source: Google Finance

This is past performance. Past performances are not a reliable indicator of future results.

The FTSE 100 – made up of the UK’s biggest shares – has grown 512% since its inception in 1984. The extreme likelihood is that this trend will continue. So let’s just bank some of the income it produces – no worries.

It doesn’t matter whether I have Tesco or Sainsbury, BT or Glaxo in my portfolio… the simple principle is to have these big, stable shares in your portfolio and paying you a good income.

2. Strategic ignorance – ‘know nothing’ investing 

You deliberately ignore the long-term future that many people will tell you about the economy, the market or the individual company itself.

Why? Because anyone who claims they know what’s about to happen is seriously deluded.

That’s why traders, or ANYONE who relies on share price or index price for their profits, can get in such a mess.

Accurately predicting the markets on a consistent basis is impossible.

Basically, if you’re following some tipster who thinks they can predict where the market is going time after time, you may as well flush your money down the toilet.

As far as I’m concerned, NO ONE knows where the FTSE, the DOW or any other index is headed. It’s all rubbish.

Deep down, I think you know that – so why waste your time and money on a gamble?

This is past performance. Past performances are not a reliable indicator of future results.

By doing nothing – and I mean, not checking the market, not trading a single share and ignoring all the gossip and crystal-ball predictions about the economy… since 2000 my model portfolio would have added over £50k income on top of a £75k investment!

3. Diversify – lots of eggs, lots of baskets

This rule must never be broken. It’s the spine of my strategy and it’s the reason why you needn’t worry if your shares go up or down.  It’s an absolute principle for anyone who wants to generate big income.

It is crucial you invest across the entire economy. Why? Because we simply do not know what is going to happen to any sector of it. Or to any company in it.

We’ve seen huge companies like BP tank a few years ago from the Gulf of Mexico oil spill.

We’ve seen banks like RBS go bust and lose most of their value, suspending their dividend payments. So you never know what’s around the corner. In my book, anyone who says they do is a loony. So you have to protect yourself against these events.

And the best way to do that is to invest across the market in all the major sectors.

You don’t concentrate your portfolio on one ‘hot’ sector or something you’ve made money from in the past. You spread it equally across many sectors – that’s the only effective risk strategy there is.

Again, in-depth research backs this up:

Looking at research from The Washington Post the 31 years between 1978 and 2009, which includes five bear markets, a diversified portfolio comes out on top.

In other words, by reducing risk this method is capable of making you more money:


Source: Washington Trust Bank, September 2009

This chart shows an industry standard measure of risk…

As you can see – the fully-diversified portfolio in red would have earned investors a significantly bigger return between 1978 and 2009, taking in every possible market condition you can imagine. Bear markets, bull markets, booms, busts – the lot.

So that’s potentially more money for less risk. In my book – the perfect combination.

This isn’t rocket science – these are proven principles backed up by decades and decades of financial research.

I’m merely putting them together in one strategy and showing regular investors like you how to do it to add a significant sum to your wealth.

Here’s the next key principle of my well-honed strategy:

4. Invest in big caps – because size really matters

Why big caps? They’re safer.

That doesn’t mean they are safe. Just safer than any other kind of share you can buy, like small caps or faddish tech stocks that could shoot up then go bust.

Remember, we’re simply trying to pull in a nice income, let it accumulate with as little surprise and hassle as possible. So it makes sense to use big caps for this purpose.

I’m completely unemotional about it. If tomorrow a new class of share was invented and it was safer than big caps and still paid an income, I’d use that. But there isn’t, so I use big caps to get paid.

This is past performance. Past performances are not a reliable indicator of future results.

I’ve already shown you a chart showing the FTSE 100 has grown and grown since 1984. It’s up 512%.

Yes, it will have its ups and downs – some companies will drop out and new ones will come in – but who cares? We don’t need to worry about that. If you’re in this for the long game, like me… then history suggests it will continue to grow. After all, these are the biggest and most successful businesses our country has to offer. And most of them have been around for 50+ years.

There are no guarantees but a huge weight of evidence suggests big caps are more likely to survive down times. We’re talking about likelihoods here. Investing is all about likelihoods, not certainties.

And this approach has certainly worked for me over the years.

5. No trading, no matter what – just buy, hold, get paid and
be happy!

This is the one people take most issue with.

So let me make this principle crystal clear – and if you can’t stomach it, I’m afraid this is not for you:

You never sell. Never.

You buy and hold forever.

I repeat: Forever.

In fact, that’s the minimum holding period – preferably longer!

As I've said, all stock market investing has risk attached to it - even investing for dividends. But I believe trying to 'trade' your profits entails an unacceptable amount of risk.

In fact, as a wealth-building strategy, it's fundamentally flawed. Because no one can realistically predict what an individual stock will sell for in 1, 5 or 20 years’ time.
Warren Buffett describes his preferred holding strategy as ‘forever’. The same goes for me. We're looking for a portfolio with a high and long-term rising income first, a rising share price second.

As long as a holding is solvent, growing and committed to rewarding investors with cash - the share price is almost unimportant!

Saying that, if the company is paying out a good dividend, history shows that there’s a good chance its share price will go up too.

Small investors are not good traders. It’s widely accepted that 95% of people who jump in and out of the market lose money. That’s a big group of people I simply refuse to join in with.

I’d rather stick with big companies and collect the income.

Who is my strategy for?

Well, it’s not for everyone, obviously. You have to have the right mentality to grow rich slowly from dividends.

What do I mean by the ‘right mentality’? Let me explain….


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If you’re an investor and if you set this up properly - and have the discipline to stick to the principles I’ve just laid out – you can amass a lot of money.

And once it’s set up (I’ll show you how), you just leave it alone and let the money accumulate. That’s it. Whether the stock market goes up, down or sideways – this will pay you money.

But I’ll warn you now: fiddle with it – because of some hunch or bias – and you will most likely balls it up. Sorry, but it’s true.

Just let it run in the background and it will provide you with a sizeable sum of money.

Your biggest dilemma is deciding:

  • Whether to reinvest the income if you don’t need it now (as you will see, reinvesting your dividends can make you a huge amount of money – I’ll show you how I believe you can best do that in a moment).


  • Whether to spend the money now. There are no costs associated with that – it’s your money and you can spend or save as much or as little as you want.

As long as you have the disciplined personality to do it – that means the ability to stick with it through thick and thin, through the worst possible times the market can throw at you – it will pay you money.

We’ve just been through the worst market conditions for a generation. It’s been just over five years since the financial crisis.

This is past performance. Past performances are not a reliable indicator of future results.

I started a new notional portfolio in March 2008. The portfolio was completed in July 2009 and it contains 17 shares. As of 31 December 2013, the capital growth of that portfolio was 46.6%. I don't care about capital gains – that's just to show you how steady a basket of these big caps can be, if you stick with them.

The important thing is: it has delivered an increasing income in each of those six years since it started.

And that’s what we’re after, isn’t it? INCOME.

As long as you diversify – as I have – the lousy shares will be covered by the good ones.

For example, in my first HYP portfolio I included Royal Bank of Scotland, which has lost nearly 90% of its value and hasn’t paid a dividend for years.

It doesn’t matter to me. The other big caps have absorbed that risk and this strategy has paid an ever-increasing income.

That’s why it works.

And that’s why I don’t have many of the worries most investors do.

Most people can’t leave well alone and that’s why it’s not for them. It’s dull, it’s boring. I know that. Just sitting on a portfolio of shares and banking the dividends – that’s nothing like what most people think investing is all about. Some people simply cannot bear that idea.

But that is how the vast majority of money is made on the stock market.

In fact, numerous studies have proven that this simple strategy – over time – vastly outperforms trading shares, trying to time the market.

Dr. Jeremy Siegel, in his book Stocks for the Long Run, conducted an exhaustive study of stock market returns from 1871 to 2003. He showed that this simple approach to investing produced “97% of the total after-inflation accumulation from stocks… while only 3% comes from capital gains.”

Let’s review that again. Getting monthly cheques produced 97% of all stock market profits for investors over a 135-year period. While only a paltry 3% came from investors buying “hot” stocks and waiting for the price to go up.

The point is clear… and convincing.

You can make money from the stock market by stepping aside and simply letting it pay you. 

If you want an income now, or want one in the future – this is the way to go, no question.

It’s so simple, so effective and so obvious, I have no idea why everyone doesn’t set this up and just let it run.

That’s why, in March 2008, I launched a wealth-building newsletter called The Dividend Letter.

And I’d like to offer you the chance to try it out on a no-obligation trial for the next 60 days. Keep reading and I’ll show you how to start.

I can guarantee it's like no investment newsletter you've ever seen.

Here's why...

This is about getting a big income – for life

The Dividend Letter is not about capital gains… hoping some share floats up in price based on a rumour or old news. So get that out of your head from the off.

This is different – and that’s why it works.

My High Yield Portfolio (HYP) strategy, once set up, if you leave it to run, is virtually guaranteed to provide you with a growing income – FOR LIFE.

My HYP strategy is about compiling a portfolio of shares – big caps, diversified across different industries. And holding them forever. That’s the foundation of this strategy. I analyse the shares that go into the portfolio. And I do a lot of research into the careful construction of the portfolio. But the core of it is – simply letting the market pay you.

A lot of people baulk at that. But I say, ‘If a share is paying you good money, why sell it?’. Forget about capital gains. Just take the money the company dishes out – you’d be a mug not to. That money is in the bag – but who knows where the share price is headed in the short term?

It's a simple strategy - buy stocks and never sell them (unless you're forced to). In my view - despite what most "tipsters" will tell you - buying shares with the sole aim of selling at a higher price often ends in tears.

Over the last 13 years or so, I have constructed a number of model high-income virtual portfolios for my readers and subscribers. And I have NEVER advised to sell a single share. That’s right, not once. And I haven’t been tempted to either.

And as the numbers show, it’s been a very profitable decision:

This is past performance. Past performances are not a reliable indicator of future results.
  • Since 2000, it’s paid out an income of £50,940 on £75,000 start-up capital - that’s money that goes straight into your account. Money for you to spend, or to reinvest. It’s entirely up to you.
  • It’s risen in value by 92%... that’s gains on the portfolio of shares, the thing that most people target. But in our world it’s a secondary concern. Yes, this figure could have gone down, because any capital you put into this plan risks falling in value. But up to 12 November 2013, the value has gone up and up.

This nest egg has been made without EVER having to trade a share or worry about selling at the right time. It’s just been left to allow the income to clock up year after year.

This is a forecast. Forecasts are not a reliable indicator of future results.

The guys who do best out of this are those who invest and then wake up ten years later having banked the income or reinvested it – they are the ones I believe are likely to be in the best financial situation.

Invest, forget about it, take the money.

It’s that simple. The market will pay you, if you set everything up properly.

Let me show YOU how to sit back and just let the income roll in.

The aim of The Dividend Letter is a simple one:

To help you build a portfolio of high-yield shares that overall will provide a stream of income for life...

"For more than two decades," reported The New York Times, "Dividend payers... have generally done a better job than other companies when it comes to enriching their shareholders."

When I first started The Dividend Letter, I thought of it as an alternative way for people to build a big pot of money, without taking on big risks.

This is for people who don’t want to see their money rotting away in the bank… who want to do something to grow their wealth – but without sweating over it.

It’s also for people tired of being peddled pie-in-the-sky stock tips from seedy brokers and hacks from the financial press.

You'll do this by making income your primary goal. Long-term capital growth is secondary but if it occurs it will be the icing on the cake.

Most importantly, you'll be doing it all independently.

You won't be forking out slices of your wealth to IFAs, fund managers or brokers.

While most tip-sheets are constantly trying to find hot "new" ideas, I've made sure the ideas I've been giving since March 2008 in The Dividend Letter are the very best ones - the type of investments that have been making smart investors more money for the majority of the last two centuries than other investments out there.

Remember: Make sure you get paid

It seems like such a sensible rule - crucial really - and yet, it amazes me how so many investors willingly ignore it... and gladly sink thousands of pounds into regular shares that pay them very little in return.

Anchoring your strategy solely to prices is a dangerous game - as many investors have discovered over the last couple of years.

Instead of holding on to shares and waiting for the "big payday" (a day that may never come), I suggest you try a different approach.

Get paid for your investments instead - and start collecting that regular income.

If that sounds like a much better idea, then I urge you to try The Dividend Letter today.

I've arranged a way for you to try it out for 60 days without risking a penny in
subscription fees.

You'll see how to get on-board in a second.

First, let me show you how The Dividend Letter works...

The Strategy in Action – Collecting Income

OK, some quick background for you.

I brought my high-yield idea to the popular personal finance website The Motley Fool UK for whom Ive been writing for on value investing and other matters since 1999.

After outlining the strategy, I launched the actual 'High Yield Portfolio' in November 2000, my first demo portfolio known as Motley Fool High Yield Portfolio.

If you've visited the site before, there's a good chance you've read my articles. My newsletter, Value Investor, which covered both value share trading and high-yield portfolios, had over 3,000 subscribers at its peak.

Motley Fool High Yield Portfolio was a bit of an experiment to track the performance of high-yield investing first-hand and in real market conditions.

The results were impressive. And that convinced me to launch The Dividend Letter newsletter in March 2008 starting a new portfolio called Dividend Letter Portfolio 1 (HYP1).

One important thing to keep in mind before I continue:

What follows is just to give you an indication of how my strategy worked in 2000 and the following thirteen year period. It's past performance, and as we all know, past performance isn't a reliable indicator of future results. In any case, The Dividend Letter is intended to be a long-term strategy... implemented over a much longer period.

So… in 2000 I started a portfolio of 15 carefully selected, high-yield stocks – each with £5,000 invested from the outset – a total of £75,000 (including costs).

My primary goal was to provide substantial and rising income.

As you can see in the chart below, the Motley Fool High Yield Portfolio portfolio certainly delivered...

Income from Motley Fool High-Yield Portfolio


£ Annual Dividend Income

% Change on Previous Year











































* to 12th November 2013

The Motley Fool High Yield Portfolio yielded £50,940 in dividends over 13 years

These figures refer to the past & the past is not a reliable indicator of future results.

In the first thirteen years of the Motley Fool High Yield Portfolio strategy, the original £75,000 investment yielded £50,940 in dividends.

In addition, after thirteen years the portfolio has a market value of £144,000, a gain of 92%.

You'll notice the dividend income doesn't rise every year. In fact, in 2003 it fell compared with the previous year and remained below the first year's income for that and the next year. In 2009, dividend income took another hit and fell below the first year's income.

For various reasons, companies can cut back on dividends, or decide not to pay one at all. That is one of the risks of this strategy that you need to bear in mind.

However not all the companies I selected cut back - if you select the shares well and have a sector-diversified portfolio it's highly unlikely they all would.

In fact, the opposite is true...

As I've said, studies show overall dividend payments have expanded an average of 6%-7% every year in the UK for over 50 years.

Even in its early stages, this portfolio reflects that.

But that's not to say you'll see your income grow at this rate every year. Some years it will be much more.

Others it will be less, or even negative.

This is what I'm talking about when I say this is a 'holding strategy' that requires a bit of discipline.

You need to keep your nerve even if income dips for a year.

But you need to remember that - despite fluctuations - the pattern is that dividend income rises over the long-term.

When you consider this Motley Fool High Yield Portfolio covers just 13 years... and you'll be hanging onto a portfolio like this one for 20, 30, even 50 years - that's an enticing prospect indeed.

Now look how The Dividend Letter portfolios have been performing since the service began...

It’s still early days of course, but The Dividend Letter portfolios, have already begun to deliver in a similar fashion to the Motley Fool High Yield portfolio...

Income from The Dividend Letter (HYP1)


£ Annual Dividend Income*

% Return

% Change on Previous Year

2008 (from March)
























The HYP1 portfolio consists of 17 shares and was built up - with one recommendation a month - between March 2008 to July 2009. The figures in this chart and the one below assume that £5,000 was invested in each share (including costs) at the time and price it was selected in TDL - making a total of £85,000 - and actual dividends received by the shares invested in at that time.

These figures refer to the past & the past is not a reliable indicator of future results.

* £50,000 invested by end of 2008 ** £85,000 invested by July 2009
*** Figure based on £85,000 being invested in 2008.

Since March 2008 I have recommended one high-yield share every month - 17 of which make up my completed HYP1 portfolio. And in the first four calendar years as a complete portfolio, those HYP1 shares have delivered an average income return of 4.0%, 4.5%, 5.7% and 5.6%.

But there's more...

The Strategy in Action - Capital Growth   

Remember - this is primarily an income strategy.

In a way, short-term fluctuations of the underlying capital are meaningless.

But know this...

Chasing income does NOT mean growth goes out the window. No way.

As you know, the market took a massive hit in 2008 and so did the HYP1 portfolio.

Most investors would have been in a blind panic if the shares they’d just bought started diving in value.

But I wasn’t worried at all... because HYP shares are proven to bounce back over the long-term. As markets improve so should the capital performance of The Dividend Letter portfolio.

In fact, the capital growth of the 17 HYP1 shares from completion of the portfolio in July 2009 to 31 December 2013 was 46.6%.

Of course you need to remember that these figures refer to past performance and past performance is not a reliable indicator of future results.

Capital Growth from The Dividend Letter portfolio (Against the
FTSE 100)


FTSE Change %

HYP1 value 31/12

HYP1 change %

2008 (from March)
























* £50,000 invested by end of 2008 ** £85,000 invested by July 2009 *** Figure based on £85,000 being invested in 2008.

I will also stress one more time - capital growth is secondary. It is very important you bear this in mind.

Really, we don't even care if we're beating the market or not... because we're in this game for the INCOME. But it does give us great confidence that we’re drawing money down from the right stocks – companies that tend to flourish.

And the best part of the 'HYP' strategy is that you don't need to do anything!

It's a hands-off, no-trading strategy where you let the market do all the work for you.

Of course, you need to know which high yielders to own in the first place.

And that's where The Dividend Letter comes in...

How I choose which shares go into my High Income Portfolios

Not all high-yield shares are created equal.

Some companies pay out a dividend to mask deeper problems.

Others have dividend yields that look great on paper but, when you do some digging, aren't sustainable over the long-term.

Some are in sectors that may be vulnerable in the current market.

When considering a share, I first ask: is its dividend safe - can I rely on this dividend through a wide variety of business conditions? And if it is reliable, how fast will the
dividend grow?

Take a look at the box below and you'll see some of the rigorous criteria I put each high-yielding stock through before I even think about buying it.


It's these criteria I'll be using to select stocks for you, if you take me up on my 60 day offer to trial The Dividend Letter with a subscription money-back guarantee.

Here's how it will work if you join today...

Each month, you'll receive just one high yield share stock recommendation.

No more.

Unlike some other newsletters that fire tips at you like machine gun bullets, our focus is on quality not quantity.

From there, we'll go about constructing a diversified portfolio of 15-20 high-yield shares.

Diversification across all sectors is key, in order to minimise risk over time. I believe no more than 15-20 shares are needed to achieve this.

Once a cycle is complete, we'll simply close the portfolio, leave it to work its magic, and start another!

For example, I closed HYP1 in July 2009 with 17 stocks in the portfolio and the next month started HYP2 which completed in August 2009. HYP3 began in February 2011 and was completed in September 2012 with 20 stocks in the portfolio. HYP4 began in October 2012.

Simple, right?

The best investment ideas always are.

Note that I have designed the portfolio construction process so that new readers can start anywhere in the cycle – they do not have to begin with the first issue of each new portfolio. Should you come on board and join The Dividend Letter, I’ll explain how this works in full detail.

Remember, what really matters is that a fully diversified High-Yield portfolio is built up and I’ll show you how to do that no matter when you join us.

Buy and hold forever. Do not be tempted to meddle. Don't be swayed by press comment or market sentiment. Don't fret about fluctuations in the underlying capital.

Let’s just run through once again the advantages of investing in dividends and using my HYP strategy to substantially grow your long-term wealth:


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Just sit back, and wait for the money to flow in.


As well as helping you build your income portfolio - block by carefully-selected block - The Dividend Letter will also show you how to make the most of it.

Covering matters such as... why diversification is crucial... how to keep your discipline during tough times... what to do in special circumstances, like takeovers or share buybacks... how to reinvest dividends for supercharged returns... plus you'll get insights into current market events from a high-yield perspective.

Put simply, this is the most sensible strategy for wealth accumulation through shares of which I am aware. 

And The Dividend Letter is the only tipsheet I know of in the UK designed specifically to help you use it...

I want you on board as quickly as possible. Which is why I’d like to make you a very special offer…

A Very Special Offer for New Subscribers

So if you like what you see during your no-obligation trial, how much will The Dividend Letter cost?

I can tell you one thing: if you went to an exclusive fund manager or full service broker, you may get some good advice, but you'll also pay some enormous fees. You'd also have to be prepared to invest much more than just £250-£500 a month.

Even in common funds like unit trusts, OEICs and ETFs a certain percentage each year of whatever you have invested will go in payment of management fees. But High-Yield Portfolios (HYPs) carry no management charges at all. Over the very long term for which they are intended, this creates a substantial advantage for HYPs.

Fleet Street Publications, who publish my newsletter, have charged up to £1,000 a year for some of their specialist subscription services.

I certainly think this would be a bargain - when you consider our aim is to help you build a portfolio of stocks that will sustain you for life.


“Clear, simple, supportive, encouraging, takes the guesswork out of FTSE 100 investing for income.”

- The Dividend Letter reader, D.G. Taunton

But I've decided to offer a one-year subscription for significantly lower than £1,000.
Or even £496...

You'll be amazed to hear The Dividend Letter normally costs £159 for a full year of research, market commentary and recommendations.

And if you take advantage of our current special discount rate you’ll pay just £99 for the first year of your subscription!

That’s just £8.25 a month to learn about some of the most profitable long-term investments on the UK stock market.


“TDL seems a sensible strategy and is backed-up by good evidence of performance - it's a pleasure to be free of the worry of stock-picking; the false dichotomy of 'value' versus 'growth'; hot tips and even hotter air; the manic trading of sweaty colleagues. I get a quiet life! Many thanks Stephen.”

The Dividend Letter reader Phil Smith, Dorchester

Is it worth it?

I think so. But don't take my word for it...

2-Month Satisfaction Guarantee

The best way to see if this is for you is to try the newsletter for yourself – on a no-obligation trial.

It will give you a good idea of the flavour of the publication, the style, the way I go about portfolio construction and the sort of articles on various aspects of the strategy I will write regularly.  It will also give you the opportunity to asses for yourself whether you’ll be comfortable with this type of investing.


“It removes all of the financial guff that would otherwise make my eyes glaze over… the analysis is always well reasoned and gives me confidence that these are always solid well studied recommendations.”

– Richard Ainsworth, Nottingham

So if you sign up today, you'll receive your first two monthly issues with a full subscription-back guarantee.

Take some time to scrutinise my recommendations. Study my advice. And absorb yourself in this unique way to generate income.

If you're not 100% convinced The Dividend Letter suits your needs, simply let me know via email within 60 days and I'll refund your subscription in full.

No questions asked.

I don't think you have anything to lose by giving this a go.

Hopefully you’ll see the real benefit of investing this way, just like Mike from Ilfracombe:


Stop autoplay

Here's what you'll receive if you accept this unique invitation today:

Join The Dividend Letter today and this is what you’ll get...

  • Description: issues per year of The Dividend Letter newsletter. With this newsletter at your fingertips, we'll go about building an income portfolio that could sustain you over the long term - brick by carefully-selected brick. You'll receive one researched recommendation per month. But that's not all...

    You'll discover how to "manage" your dividends for maximum growth... what to do when a company is taken over... how to spot great dividend payers trading at bear market discounts... the crucial difference between value and high yield... tax issues and much more.


“A simple no nonsense approach to long-term investment that requires little time to monitor and has been proved over a reasonable period.”

The Dividend Letter reader J.W. Rickmansworth

Description: 'Dividend Letter e-Updates'. As I've said, essentially this is a 'buy-and-forget' wealth-building strategy. But the world of investment is not static... and a smart investor is an informed investor.

You'll be kept abreast via email of any announcements regarding your holdings. I'll also keep you updated whenever a significant market development occurs that may be of interest to high-yield investors. All direct to your inbox, once a week.

  • Description: Investment Guide - “How to grow rich slowly with the 'HYP' strategy”. This fascinating read will give you all the background you need in this historically proven way of building wealth. You simply won't get much of this information from your IFA - who probably wouldn’t bother to tell you about the wonders of dividend-paying companies.

    In fact, you won't come across many of these income tips anywhere. You'll find this an invaluable resource as you embark on your income odyssey.  Sign up now and you'll immediately receive this guide to download and read.

“14.7% up already!”

“I am getting towards the end of my working life and due to the recent crisis have seen my plans for a comfortable retirement disappear along with the value of my savings and pensions. I have dabbled in the markets for years with mixed success and was looking for something that was easy to manage, that would give me income … 
I am currently at 14.7% on the capital and have taken a pretty healthy amount in dividends that I have used to fund other investments.”

The Dividend Letter reader, D.S. Truro

Please note: past performance is not a reliable indicator of future results.

  • PLUS The Dividend Letter forum and subscribers’ website. Post your questions and discuss topics on the dedicated Dividend Letter forum. I give my responses promptly and get involved regularly in readers’ discussions. Plus access the full archive of back issues.

Are you ready to use the HYP strategy and build your wealth consistently?


It doesn’t matter what happens to the FTSE this year, next year or the year after that. Share prices could collapse again like they did in 2008 or shoot up as they have so far this year.

As I said right at the start, I don’t worry what’s going to happen to the markets next.

And neither should you.

Because your Dividend Letter Portfolio will always be there... and in the years to come it should provide you with an ever-growing income stream.

I urge you to take up this exciting and timely opportunity.


Description: Description:
Stephen Bland

Managing Editor, The Dividend Letter

P.S. I meant what I said about being happy with my research - which is why I'm prepared to offer you the best guarantee I can think of. Join today and you'll have 2 full months to decide whether or not you want to stay on. If not, let me know any time during that period, and you'll receive a full refund. If you decide after the first two months that this isn't right for you, I'll still give you a pro-rata refund.


“After 20 odd years of trading, this is the best publication I have seen. It offers good value for money, unbiased and sensible opinion and no stupid risk taking! I have no dislikes.”

– Ian Bruce, The Dividend Letter reader, Spalding

P.P.S. And, remember, as soon as you reply to this offer you will receive the FREE downloadable guidebook, “How to grow rich slowly with the 'HYP' strategy”. Inside you’ll find all the information you’ll need to make this proven wealth-building strategy work for you.

Risk Warnings:

Your capital is at risk when you invest in shares – you can lose you some or all of your money, so never risk more than you can afford to lose. Always seek personal advice if you are unsure about the suitability of any investment.

Past performance is not a reliable indicator of future results. Commissions, fees and other charges can reduce returns from investments. There is no guarantee that dividends will be paid.

Profits from share dealing are a form of income and subject to taxation. Tax treatment depends on individual circumstances and may be subject to change in the future. Editors or contributors may have an interest in shares recommended. The information and opinions expressed do not necessarily reflect the views of other editors/contributors of Fleet Street Publications Limited.

Full details of our complaints procedure are available on request and can be found on our website,

Managing Editor: Stephen Bland.

The Dividend Letter is issued by Fleet Street Publications Ltd. Registered office 8th Floor, Friars Bridge Court, 41-45 Blackfriars Road, London SE1 8NZ. Customer services: 020 7633 3609. Registered in England and Wales No 1937374. VAT No GB629 7287 94. Fleet Street Publications Ltd is authorised and regulated by the Financial Conduct Authority FCA No. 115234
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