I answered a question at LIchess. "How to make money without a real job?"

"How to make money without a real job?"

It helps to first have a job which makes it possible to eventually make lots of money without having to work for it. People can live frugally and invest the money saved into the stock market. But it would be totally wrong to buy something hoping the price goes up so it could be sold for a profit. That's called gambling and it's a good way to get wiped out.

The correct way to invest is to buy extremely safe dividend paying stocks. Two examples are Kinder Morgan (oil and natural gas pipelines) and AT&T (internet). Both of these companies pay a nice dividend that for AT&T grows every year. Kinder Morgan increases the dividend every 3 months. The idea is to never sell these stocks. Keep them for the rest of your life and watch the dividend income grow. Reinvest the dividends along with more of your own money. Start at a young age and then be able to retire long before you're old enough to get social security.

"how would one go about investing in such a way without prior investing experience?"

Charles Schwab is best broker. Everything can be done on the internet, humans are not necessary but they are available if there are questions.

I suggest just buy Kinder Morgan and AT&T (stock symbols KMI & T). If you want to diversify there are many other excellent dividend paying stocks, but in my opinion KMI & T are the best.

It's all very simple. Open a brokerage account & checking account with Charles Schwab. You could use the checking account you are using now, but it's more convenient to use the Schwab checking account because you can transfer cash from checking to brokerage account in one second. The checking account is totally free (just like LIchess), there are no fees, they don't nickel and dime you like the banks do. The fee for buying shares is $8.95 no matter how many shares you buy, that's very reasonable and it's only a one time expense. If you want you can reinvest the dividends for free, just one mouse click is all you need to set that up.

When you see the screen for buying stocks it's easy to understand. Any words you don't understand you can use google to look it up.

Buy this stuff for life. Never sell no matter what. You don't care if the stock price goes way down, and that's the point, you have nothing to worry about because the dividend is safe, and you don't care if it goes up or down because you're never going to sell anything for capital gains. I love stock market crashes because I can then buy more stuff at very cheap prices. As the price goes down the dividend yield goes up and that's a good thing.

Beware of companies that have an extremely high divided yield because it's probably not safe. KMI & T dividends are rock-solid safe.

When people get started they notice they are not making very much income, but over a long period of time the income grows at a faster and faster pace. Starting at a very young age is the way to go.

THEN SOMEBODY OFFERED THE USUAL TERRIBLE ADVICE THAT SAYS TO GO FOR CAPITAL GAINS INSTEAD OF DIVIDENDS, AND EVEN WORSE LETTING PROFESSIONAL IDIOTS MAKE THESE DECISIONS FOR YOU. MY REPLY:

The fee for buying your own shares are $8.95, a one time charge. Letting professionals invest your money, and paying a fee for it, is not necessary.
"Companies that serve out high dividends almost never see a substantial rise in stock price"
Who cares? People who know what they're doing want the income, not capital gains.
"If you are young, I would absolutely avoid dividends."
I totally disagree. To start growing your dividend income at a young age has the advantage of making it possible to retire at a young age. Hoping for capital gains instead of income is gambling. You can get wiped out.
KMI & T are excellent investments. Totally safe. A growing income. I get my advice from a very wealthy person and his career is giving stock market advice to extremely wealthy people. He said "Everyone should own Kinder Morgan and AT&T". My own research showed he was correct. Anyone can look these things up. I recommend "Seeking Alpha".
Also, I recommend this website: http://theconservativeincomeinvestor.com
The world is full of very bad advice, and most of this bad advice comes from professionals who are mostly interested in collecting fees which makes them impossible to trust.
Be conservative, never have to worry about market crashes, sleep well at night, make your own decisions instead of letting professional crooks make decisions for you, and just buy extremely safe stuff to keep the rest of your life and watch your income grow.
If young people get fired from their job (it can happen to anyone), it's nice to have that extra dividend income to live on until a new job is available.
And if you're still employed you can reinvest those dividends for free, no professional taking part of your savings.

http://seekingalpha.com/symbol/KMI
http://seekingalpha.com/symbol/T
People can look at these 2 websites for all the information they could want for KMI & T. There are numerous comments from wealthy people who make tons of money from dividends. And they started this conservative investing at a very young age.

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