Doesn’t it sometimes fell like we are in the middle of a circus ring with everyone screaming at us to do what they think is best? Like Sell everything now! to Buy everything now!
It’s enough to drive one bonkers. But there is a solution.
How To
To avoid the people screaming at me, I don’t play in their playground. I have my own plan, and my own agenda. I don’t seek approval from anyone, I don’t seek criticism from anyone.
What It Is All About
When I was in school, I learned that most people do not ask questions because they want to know an answer, they ask questions because they want to make a statement about themselves. And so it is true about most advice. Since I am rarely interested in what others have to say about investing, especially when things get “heated” (like during a market downturn), I stick to my plan.
It All Happens All At Once
As we know, markets rise and markets fall. Stocks rise and stocks fall. It is normal for prices to fluctuate. As a result, price fluctuation is something I accept as normal. If I am going to buy any stocks, I need to accept that price will vary. To think that they won’t vary, sometimes even wildly, is preposterous.
Nothing To Hide
No one really know what will happen on any given day, for any given stock, for any amount of time. Since I am no different than anyone else, I have no crystal ball to devine the future. So in order to survive and thrive financially, I have chosen an investing method that works and provides increasing income. Things grow as a matter of course.
This Is
This investing program is to buy stocks in solid, growing dividend-paying companies. Companies that have raised their dividends tend to continue paying dividends. If I stick with the winners, I am more likely to maintain and grow my income.
No Magic
There is no magic in this approach. Anyone can do it. Including you. And nowadays, one can do this without commissions and fees.
No Commissions
There are many platforms and brokers now that provide commission-less transactions. One can buy and sell stocks for no commissions or fees. This reduces or eliminates costs, which were at one one severe. Being able to buy and sell without commissions is a liberating thing.
Quiet Means No Pressure
By avoiding all the screaming and yelling that pushes people into parting with their money, I am able to determine rationally when and where to invest. That too is liberating.
Time Means Increasing Income
Rising dividends means that my income increases if the past is any indication. When the general economy increases, so does my income. When the general economy contracts, it is possible for the dividends I receive to decrease slightly. Overall, things increase without much input from me. That is why I like dividend investing.
When and how did you start dividend investing? Let me know here.
The lidded bowl with iguana, 7th to 12th century, is from the Southern Nicoya region of Costa Rica. Courtesy Cleveland Museum of Art.
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