The Snowball Effect: Using Dividend & Interest Reinvestment To Help You Retire On Time

PRAISE FOR THE SNOWBALL EFFECT "In his new book, "The Snowball Effect," author Timothy J. McIntosh says that "time is the best ally of the long-term, buy and hold income investor." He goes on to show that patient investors will benefit enormously from the long-term compounding that dividend paying stocks provide investors. He makes the case that investors should ignore the short-term and focus on the compounding benefits that only long-term investors can enjoy. A simple, yet very effective strategy. I highly recommend his book to all long-term investors." James P. O'Shaughnessy, author of "What Works on Wall Street" "Dividends and their reinvestment are friends of the value investor - put the two together and you can witness the wonders of compounding. Mr. McIntosh illustrates how such a strategy can snowball and lead to large sums of wealth for the patient investor." -Mebane Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. Mr. Faber has authored numerous white papers and many books including "The Ivy Portfolio" and "Global Value." viii

Timothy McIntosh If you spend any time watching the stock market, you probably get caught up in its daily gyrations. Stocks are up! Stocks are down! It's a bull market! No, it's a bear market! Of course, that's the wrong thing to do. Timothy McIntosh's book, The Snowball Effect, reminds you that you have an ally in the stock market: Dividends, which you can collect in good markets and bad. This book, drawn from McIntosh's years of experience as an investment manager and student of the market, will show you how to make money in stocks in good times and bad. - John Waggoner, senior columnist, Investment News "Excellent information for long-term investors. Mr. McIntosh makes a compelling case for tapping into sources of yield to produce superior total returns, and he thoroughly demonstrates how dividend-paying stocks and selling covered calls contribute to such a strategy." -John Dobosz is deputy editor of investing content for Forbes and the editor of the Forbes Dividend Investor. Timothy McIntosh's new book, "The Snowball Effect," is a valuable contribution to the body of work focused on dividend investing. I found Chapter 3 ("The Promise of Reinvested Income") especially relevant and powerful. -Chuck Carlson, CFA, is Chief Executive Officer of Horizon Investment Services LLC and the author of nine books, including "The Little Book of Big Dividends"