Amazing platform, great customer service
I absolutely love Simply Safe Dividends. Go onto YouTube and search for "simply safe dividends", you'll see I'm not the only one who loves it.
Simply Safe Dividends provides incredible features to keep you as up-to-date on your stock as possible. I've tried keeping track of the news of my dividend-paying stock, but it's very difficult to do so, and near impossible to do so reliably. They provide a lot of tools to help you build a portfolio that is less likely to experience a pause or lapse in dividend payments.
The annual subscription is likely a high barrier-to-entry for most people, coming in at $499 per year. Per month that comes out to be about $41, which isn't bad. If you don't make a lot of money, I wouldn't recommend subscribing to Simply Safe Dividends if your portfolio value is less than ~$100k, the cost ratio doesn't really make a whole lot of sense. However, if you can cut back on expenses to get the subscription, it can be a great tool for those just starting out, because they filter the noise into meaningful data, and consolidate it all into one platform.
You can create a portfolio and add stocks that you own manually, but they also do provide some great tools for linking a brokerage account, and they sync the data once every 24hrs. You'll also get notifications if a "safety rating" changes for a company you own stock in, as well as if a company announces a dividend cut / decrease / pause.
27 December 2023
Unprompted review