I really like the process of dividend investing. You always have the so called expert telling you how to do this or how to do that. But then again think about investing. Think about a broker. They are always pushing what to buy but I look at them as an ANCHOR (ball and chain) that sinks your ship. They have to sell you something to make a commission. They are only pushing what someone else says to push. Think of what Warren Buffet says (“Risk comes from not knowing what you are doing.”). Does a broker have your best interests at HEART! I would like to think not. They need to sell you and they get paid. Think of a Dividend Stock like this.(“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”)Warren Buffet again. You as an investor can do your own research and invest in strong companies and make money over time. My dad always says there is no get rich quick ideas. Back to Buffet (“Risk comes from not knowing what you are doing.”). He always says save 10% and someday you will be RICH!“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” I own some oil companies and Apple stock and I really feel they are strong companies. These stocks were bought with money saved over a 8 year period saying this is for saving. The money was not needed to live on and was put aside for saving. My thinking is different than other people. We always try to live within our means.Track your expenses. A spending plan, otherwise known as a budget, is the single best way to ensure you live within your means. A spending plan is exactly what the name implies: It lays out what you plan to spend. To keep tabs on your progress, or lack thereof, you’ll need to track your money as you spend it. We have always set GOALS to try and achieve them. If you wake up today and do not have a goal what are you gonna do? This blogging is new to me but I look at it as a hobby. People spend MONEY on things like boats cars travel etc. I am just as guilty of this as well as other people. I try to be productive though when I do this. I like to think of it as The Turtle Approach or ONE DIVIDEND AT A TIME. When you start you do not have much, but over time it grows. I look at all these different people who tell you how to make money or Get Rich Quick ideas. Think of it like this.( ” THE BIGGER THE HAT THE SMALLER THE RANCH” or “Big Hat No Cattle.”). There was a song by the S.O.S. band Take Your Time.
“You know you ought to slow down
You been working too hard and that’s a fact
Sit back and relax a while
Take some time to laugh and smile”
Think back now and ask yourself. Did you blow through ever dollar of your pay check? I am guilty of this in one way or another but sometimes we need to sick back and relax and take some time to laugh and smile. Do you want to run through life like the Hare and miss opportunities or be like The Turtle and smell the Roses. “The most important investment you can make is in yourself.”The next paragraph shows what time and patience will do to your portfolio.
Investing is a slow process. I like to think of it like a turtle. Take the Turtle approach to investing Look at these socks from 1982 to now and what a $10,000 Investment in 1982-2015
General Electric(GE)- 543K
McDonald’s(MCD)- 1.1 Million
Coca-Cola(KO)- 1.4 Million
Disney(DIS)- 1.4 Million
Wal-Mart(WMT)- 3 Million
Nike(NKE)- 3.1 Million
Apple(AAPL)- 3.7 Million
Home Depot(HD)- 28 Million
THESE STOCKS REPRESENT THE TURTLE APPROACH.
Dividend Kings Aristocrats or Champions.