This is a popular strategy now and is expected to be so for the next 20 years. We have a lot of retirees who depend on incomes from investments. The low interest rates in CDs and bonds drive these folks to dividend stocks. We can reduce risk in investing by: Market Timing via simple technical indicators that are readily available free and simple to use. Before 2000, market timing is a waste of time as illustrated by books written in the last era. We do not want to invest when the market is plunging. Market Timing for stocks and sectors. Select safer stocks to buy. Select safer sectors. Diversify via stocks in different sectors and ETFs. Produce income via dividends and covered calls. If your book is written in the last era, they do not have today's tool. Covered calls could boost your return by an additional 10%. DRIPs reinvest the dividends automatically by buying stocks of the companies. A strategy (I named it Tom's Strategy) that is safe and performs. Avoid pitfalls and common mistakes such as herd psychology. Take advantage of being a retail investor, instead being taken advantage of institution investors and their tools such as high frequency trading and sector/stock rotations. Last update: 03/2016. Size: 200 pages (6*9)"