your transformation from panic-selling after a 30% loss to building a dividend machine is basically the hero's journey for anyone who survives their first bout with their own psychology in the market. that shift from trying to be clever to just being relentlessly consistent is where most people stumble, because our brains are hardwired to find boredom uncomfortable even when it's profitable. I write about this approximate idea quite a lot. automation that removes your future self from the equation entirely is invaluable and arguably even borderline necessary. On a personal note I think your journey is similar to mine.
Your aproach to dividend investing really resonates with me. One stock that embodies this patient, consistent strategy is Main Street Capital (MAIN). It's a BDC that pays monthly dividends and has been incredibly reliable. The monthly cash flow is perfect for building that financial independance you talk about. What I like most is that MAIN has actually raised its dividend consistently, which helps protect against inflation. The yield is attractive without being suspiciously high, and management has proven they can navigate different market cycles.
I too found out the hard way. Got out of Real Estate (getting too old to chase tenants) so I ventured into the Casino (The Stock Market). The short storey is , I lost $800,000 out of $3 million within 2 years. THEN I read Buffett, Monger, John Bogle (vanguard). I couldn't afford to waste anymore money so I Took THEIR Approach and Thank God I did. That was 12 Yrs ago and I "Stayed" the course in Banks & Pipelines and today I have over $150,000 a year in Dividends and the Value has gone to nearly 5 Million. I was Lucky. My kids will inherit and I'm impressing on them that this is NOT Gifts BUT Generational Wealth to Improve the Future Generations but they should enjoy the Interest but Transfer the Principal. Well, they will either do it or they will piss it away. I'll be gone, won't have to watch.
your transformation from panic-selling after a 30% loss to building a dividend machine is basically the hero's journey for anyone who survives their first bout with their own psychology in the market. that shift from trying to be clever to just being relentlessly consistent is where most people stumble, because our brains are hardwired to find boredom uncomfortable even when it's profitable. I write about this approximate idea quite a lot. automation that removes your future self from the equation entirely is invaluable and arguably even borderline necessary. On a personal note I think your journey is similar to mine.
Your aproach to dividend investing really resonates with me. One stock that embodies this patient, consistent strategy is Main Street Capital (MAIN). It's a BDC that pays monthly dividends and has been incredibly reliable. The monthly cash flow is perfect for building that financial independance you talk about. What I like most is that MAIN has actually raised its dividend consistently, which helps protect against inflation. The yield is attractive without being suspiciously high, and management has proven they can navigate different market cycles.
I too found out the hard way. Got out of Real Estate (getting too old to chase tenants) so I ventured into the Casino (The Stock Market). The short storey is , I lost $800,000 out of $3 million within 2 years. THEN I read Buffett, Monger, John Bogle (vanguard). I couldn't afford to waste anymore money so I Took THEIR Approach and Thank God I did. That was 12 Yrs ago and I "Stayed" the course in Banks & Pipelines and today I have over $150,000 a year in Dividends and the Value has gone to nearly 5 Million. I was Lucky. My kids will inherit and I'm impressing on them that this is NOT Gifts BUT Generational Wealth to Improve the Future Generations but they should enjoy the Interest but Transfer the Principal. Well, they will either do it or they will piss it away. I'll be gone, won't have to watch.
i hear a lot of success stories about the dividend strategy