It can be done… make stock ownership accumulate faster.
Critic
One of the valid criticisms of dividend investing is that it is a slow process.
Of course, dividend investing does not rule out adding to one’s stock ownership in other ways. There are two ways to add to one’s holdings, and these two ways are so similar they are almost indistinguishable.
One can buy additional shares at any time. And in addition one can set up monthly recurring purchases.
Needless to say, it is always a good idea to be prudent with one’s finances. So buying when prices and/or valuations are low is always better than “buying high.” The state of one’s finances should also dictate how much one can invest.
But when a stock is purchase is appropriate, and when there is enough savings, then stock investing may be a good investment for you.
Personal
I have at times employed all approaches simultaneously. I have made an initial investment, and set the account to reinvest dividends, and depending on circumstances, I have sometimes utilized monthly recurring purchases. When I feel comfortable with the investment, I have even purchased additional shares.
The end result is that my share count and the amount of dividends received increases. Of course, “increase” is a relative term, but the count moves in the positive direction.
Not Competitive
I need to remind myself that for me investing and growing one’s net worth is not a competition. There is no grand prize that anyone gets for accumulating more assets than the next guy. The reward, if we can call it that, is the peace of mind that comes from knowing I am not in imminent danger of financial ruin. Success is that place where we are comfortable with ourselves.
Peace of Mind
While emotional (and financial) comfort is, in my view, the real goal of investing, I can say without hesitation that there are infinite views on the topic. Some like to brag, some like to show off, some like to worry.
As the saying goes, misery is optional. Assuming one’s circumstances are improving through appropriate and prudent money management, then we have a path to success. And who wouldn’t want success?
How do you measure financial success? Let me know here.
Illustrated is a scene from the original Steamboat Willie cartoon of 1929. It was the precursor to Mickey Mouse. Steamboat Willie entered the public domain on January 1, 2024. Courtesy Internet Archive.
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