Book Review: The Single Best Investment by Lowell Miller

Introduction

The Single Best Investment: Creating Wealth with Dividend Growth by Lowell Miller is a book that simplifies the investment process and provides a step-by-step guide to building a portfolio of dividend-paying stocks. In this review, I will share my thoughts on the book and explain why I believe it is a must-read for anyone interested in dividend investing.

The Power of Dividend Growth Investing

The Single Best Investment is based on the premise that investing in dividend-paying stocks is the best way to build wealth over the long term. According to Miller, dividend-paying stocks are ideal because they:

• provide a steady stream of income that can be reinvested to generate even more income. 
• tend to be more stable and less volatile than non-dividend paying stocks

The book also emphasizes the importance of investing in companies with a track record of consistently increasing their dividends over time. This is a time-tested approach to investing and wealth generation. By investing in these companies, investors can benefit from both the steady stream of income and the potential for long-term capital appreciation.

Creating a Dividend Growth Portfolio

The Single Best Investment provides a step-by-step guide to creating a dividend growth portfolio including;

• how to screen for dividend-paying stocks, 
• how to evaluate a company’s financial health, 
• how to diversify a portfolio across different sectors and industries
• how to manage a dividend growth portfolio over time
• when to buy and sell stocks and 
• how to reinvest dividends.

The book is written in a clear and accessible manner, making it easy for beginners to understand the concepts and principles of dividend growth investing. I also appreciate the multiple examples of companies that meet the criteria for dividend growth investing, making it easy for readers to apply the ideas and principles in the book to their own investments.

Conclusion

The Single Best Investment is my favorite book on dividend growth investing and is a valuable resource for anyone interested in dividend growth investing. The book provides a comprehensive overview of the principles and strategies of dividend growth investing, as well as practical advice on how to build and manage a dividend growth portfolio. The book is fun and easy to read and provides a sensible and effective approach to building long-term wealth.

*Disclosure: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.