Plan : Bitcoin Cash to Dividend Stocks

It's sad that our earnings have now reduced due to the downfall of the noisecash. And also we don't get the rusty anymore here. Atleast not for me these days.

It's more like once a week or twice a month sort of the reward coming to me lately. But does that stop me from my plan? No.

I am going to tripple into my efforts and not going to give up. Becuase what else there is to do if I lose out on my plan.

So the new plan is converting the bitcoin cash into my dividend stocks. And how I plan on doing that?

I have managed to make a list of the 10 top dividend stocks in my country. I am going to drip feed my BCH into a local amount which would buy the stocks on regular basis.

So here are some of the steps that you can follow like me are explained here.

Step 1 : Bitcoin Cash to BUSD to Local Cash

I take most of my wallet bitcoin cash and then convert the same into the BUSD. I make sure to take this to binance where it can be stored and then exchange it to the local person.

This way I would be holding the local cash in my account. And that would give me a strong value to buy the stocks. I make sure to have some specific value in mind to buy.

Step 2 : Automate the monthly buying of Stocks

Say you need X amount of the money in the wallet in order to buy the stocks. Like say you buy 4 stocks of some dividend stock each month. Here we have to keep that much money in wallet.

And then it would trigger monthly basis for buying the stocks automated way. It would be helpful for me for some account maintenance charges but that is fair for now. I would be earning some good income out of such dividend stocks with time.

What would you do?

Some of us are using it for the grocery and some are just using it to spend on the family. I feel dividend stocks and the mutual funds are a good options for anyone to buy and automate their income.

This way each year some amount of money drip feeds into the bank account. And you become more secure with earning of funds that can be better than nothing.

So if given the chance what would you do in such case?