The Great American Dividend Machine: How an Outsider Became the Undisputed Champ of Wall Street

The Great American Dividend Machine: How an Outsider Became the Undisputed Champ of Wall Street

With 347 ratings

By: Bill Spetrino

Purchased At: $24.99

Bill Spetrino was just an ordinary accountant more than 20 years ago when he discovered the best investment secret ever.

Bill calls his secret “the dividend machine” -- and he has been sharing his secrets with hundreds of thousands of investors who have subscribed to his popular Dividend Machine newsletter, rated by Hulbert Digest as the #1 low risk investment letter.

But many readers asked Bill to write a book about his secret and how ordinary investors can become millionaires just like him.

Bill did just that.

Now his new The Great American Dividend Machine reveals his own story, and how he went from becoming a middle-class accountant to having a net worth exceeding more than $5 million!

Traders who jump from stock to stock in the hunt for a major Wall Street score often lose money or, at best, break even.

That's not an acceptable fate for the retirement nest egg or for Bill.

Instead, true investors trust Bill Spetrino's proven advice: "Keep investments boring and the rest of life fun and exciting."

By valuing safety and income above all else, Spetrino guides the reader through the process of unearthing true bargains in the marketplace.

Adhering to the author's model, The Great American Dividend Machine portfolio is composed of stocks that he picks using his unique system.

The companies that pass Spetrino's rigorous, multi-step vetting process must have a number of key characteristics, such as:

Resonant brand names
Strong, competitive advantages in their industries
Pristine balance sheets
Capital to help survive and thrive in difficult markets

Bill believes anyone can become a millionaire by ignoring the Wall Street pros and using his time-tested strategies.
While I can't say that this book was a complete waste of my time and money, it was close enough.

Bill Spetrino does a good job in the beginning of the book telling a story about his childhood and how he had to learn to be creative to make money and basically think outside of the box to set yourself apart of the pack. His stories about how he learned to be a professional gambler are good too and he uses these examples in his book to tell the story of how he figured out how to be a great investor. However, outside of his childhood stories, he does very little in the way of passing on how he learned to be a great dividend investor and how and when he picks his stocks. If anything a lot of the 'advice' he does give is very surface level and if you've read any other books on investing or dividend investing you'll find that what he gives you is VERY surface level and for what you pay for the book pretty disappointing.

What really is the "icing on the cake" is the fact that he uses the book to ADVERTISE and PUSH for you, the reader to subscribe to his newsletter. He even uses phrases like "for six cents an hour let me do the work for you...", "Money Back Guaranteed if you don't like it..." and other things that advertisers of advisory services and newsletter do to get people to buy their services. I'd be Okay with this IF I didn't pay for the book that was supposed to help me be a better investor. Instead I paid for a short story about Bill's life, surface level analysis "skills", and for him to tell me to subscribe to his newsletter. Anyone who gave this book more than two stars has either never read or looked into fundamental or technical analysis or is a paid shill.

I read "Dividend Growth Machine" by Nathan Winklepleck recently. While it was not an all comprehensive book on dividend investing (Nathan even points it out in his book), there's more information that I found useful and actionable than Bill's book. Also, Nathan gives a list of other books suggests that might be worth his reader's time, but he doesn't shill any of them or flat-out says to buy something from them, or him.

- darian_taylor

This Book and Bill's program are fantastic. There are a few things in life that can change your life forever. In the past, this was a book on real estate that opened my eyes to the value owning multiple properties. While my real estate portfolio has grown well over the years, I always thought it was better to leave the stock market to professionals as my career limits the time I have to watch the markets. That being said, Despite being a preferred client, the so called professionals managed to generate an average yearly return of a 5% on my portfolio over 12 years after fees, loses, commissions, etc..After reading Bill's book " The Great American Dividend Machine", I decided to try Bill's program in March of 2016. It is now October 2017 and my portfolio is up 84% since that point and all it has required is about 5 to 10 minutes a week to follow Bill's guidance. I have followed Bill's suggestions to the letter despite many experts in the market contradicting his choices. Bill's understanding of company value, the time he dedicates to choosing stocks and the simplicity of his program make this book and his program a must for anyone who wants to invest in the market. Although I do not expect this return every year, I am now confident that my portfolio will continually crush the best traders in the market in the years to come with little effort on my part thanks to the wisdom and advice of Bill Spetrino.
Thank you Bill
Dr. Phil Arnone

- bella_roberts

Firstly, I have subscribed to the dividend machine for about 4 years. I have been following Bill's recommendations for three years. I also belong to the Inner Circle. I wish I had purchased this book many years ago to have been pointed towards the Dividend Machine earlier . I lost money from other newsletters before the Dividend Machine. My investments are up almost 350% (with help from Bill and the inner circle also) since becoming a subscriber. This book will give you the groundwork of showing how Bill approaches life and investing. I believe how a man lives can show more then what he says. Bill describes how he grew up, how he thinks and why he invests the way he does. He invests in the same stocks as he advises his customers when possible. No conservative pick has EVER lost money! I recommend buying and reading this book. Then subscribe to the Dividend Machine. I can say that my future has changed thanks to Bill and the Dividend Machine. My investments have grown to enable me to pay off my home, My spendable income has increased, my wife and I will be retiring early. All thanks to Bill and The Dividend Machine.
Don't hate and don't wait. Make a small investment in your future.

- scarlett_moore

Not a large content, however good read

- tommy_rodriguez

I have to give the book a 5 stars. This is not only for the book, but for the person Bill Spetrino as well. Do i know him? Yes! Does that mean that the review is made up? Absolutely not! I urge you to not only buy his book, but listen very well to his investing advice. We are more or less all threatened by running out of money, when we are old.... this could be your weapon against that threat and even more, you can start your journey of financial freedom with this book and Bills great investing newsletter, today. Don t waste your hard earned money on some bozo that doesn’t care about the results of his followers.... pick the peoples champ..... pick Bill Spetrino!

Ich muss diesem Buch einfach 5 Sterne geben. Es ist verständlich und gut strukturiert. Ich empfehle es jedem meiner Freunde und Verwandten. Dies kann der erste Schritt zur finanziellen Unabhängigkeit sein! Ich vertrau Bill Spetrino uneingeschränkt und kann auch seinen Newsletter „The Dividend Machine“ absolut empfehlen.

- lewis_green

Terrible totally money grab!

- ezra_morgan

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