Our world and our economy are certainly changing in 2022! In fact, I just shared a YouTube video about Terrible Trends I See For Investors. There’s a lot to worry about. That being said, times of great worry can create huge opportunities for investors with very long-term, multi-decade time horizons. That’s why I’m just sticking to the basics these days, the core tips that have always worked for me during my 20+ years of dividend stock investing. In today’s brand new YouTube video (embedded below), you can see the very tips that I use in my personal dividend stock investing strategy, right now in our ever-changing world.
It’s been a while since I’ve shared a post here on my blog. I thought it would be fun to start posting again, sharing a few of my favorite videos and insights in text. After watching today’s video, you can see the over-arching theme for me is simple – I’m going “back to basics”. I have tried it all, seriously. I’ve had many successes, and I’ve made a few mistakes too. I’m always learning and evolving, as investor. There is one, single strategy that has almost always worked in my personal situation, and that is the strategy of dollar cost averaging into core, quality, world-class dividend stocks (at reasonable prices).
Boring Is Best, With Dividend Stock Investing
These days, my strategy is not that exciting, because I keep doing the same thing over-and-over. In fact, I think this embodies one of the key challenges of successful dividend stock investing: It takes SO much persistence, willpower, and time. I cannot rush the process. There are no shortcuts. I just need to follow my plan, year-in and year-out.
Putting Stanford Computer Science To Work With Dividend Stocks
While the entire process can be daunting, I learned something key during my Stanford Computer Science Days (I majored in CS at Stanford University) that helps greatly with my dividend stock investing. When building a complex, overwhelming computer program, the best practice is to break the complex problem down into really simple parts. Then, it’s possible to assemble all of those easy parts into a complex solution (computer program).
I’m applying the same theory to dividend investing. Dividend investing is not rocket science. It does require tremendous patience and persistence, however. Getting from where I am now to the finish line (Fat FIRE that can support my entire family) can seem a little overwhelming at times. However, all I need to do is take this complex problem and break it into small, easy-to-manage parts. That’s why I’m dollar-cost-averaging into my favorite dividend stocks weekly. I’m typically not making huge purchases (although sometimes I do). I just need to put “one foot in-front of the other”, and keep going. I don’t need to focus on the end result, today at least. I just need to focus on what I can do right now, today! It’s so much more motivating and tangible this way.
Back To Basics
So, it’s back to basics for me, and I’m just building my core dividend stocks brick-by-brick. Then, I’m letting time, reinvestment, and dividend increases do the rest!
Thanks for reading my post today and watching my video. I look forward to seeing you in the comments below!
DISCLOSURE: I am long 3M (MMM), Johnson & Johnson (JNJ), Starbucks (SBUX), Caterpillar (CAT), Hawaiian Electric. (HE), and PepsiCo (PEP). I own these stocks in my personal dividend stock portfolio. I am also long Treasury Bonds and I Bonds.
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