01-11-2016, 08:47 AM
(This post was last modified: 01-11-2016, 08:49 AM by Robandcindy2.
Edit Reason: Added link to C-C-C site
)
....a message to those new to DGI....
....a message to those feeling the pressure of falling markets....
Let me start with something from Vince Lombardi, "Mental toughness is many things and rather difficult to explain. It's qualities are sacrifice and self-denial. Also, most importantly, it is combined with a perfectly disciplined will that refuses to give in. It’s a state of mind – you could call it character in action.”
Next, even though investing Guru Jack Bogle advocates that you only look at your portfolio statements once a year, let me suggest that whenever you "fear" what might be(!!) happening right now, you go to your brokerage and pull up your "Dividends and Interest-Received" statement. Consider those payments "digital prozac".
And finally, let me leave you with this chart(1900-present). Please pay attention to the slope:
See that dip in 2008-2009? If you owned Dividend Champion stocks that did not cut their dividends, you continued to get paid, you might have reinvested those dividends at very low prices, and today you are way ahead. Retired? Your portfolio "value" may have fallen, yet you still got paid.
Stay the course. If you have chosen well, especially from the C-C-C list maintained by David Fish (Excel Spreadsheet) you will succeed.
This too shall pass...like a kidney stone....but it shall pass
http://www.dripinvesting.org/tools/tools.asp
....a message to those feeling the pressure of falling markets....
Let me start with something from Vince Lombardi, "Mental toughness is many things and rather difficult to explain. It's qualities are sacrifice and self-denial. Also, most importantly, it is combined with a perfectly disciplined will that refuses to give in. It’s a state of mind – you could call it character in action.”
Next, even though investing Guru Jack Bogle advocates that you only look at your portfolio statements once a year, let me suggest that whenever you "fear" what might be(!!) happening right now, you go to your brokerage and pull up your "Dividends and Interest-Received" statement. Consider those payments "digital prozac".
And finally, let me leave you with this chart(1900-present). Please pay attention to the slope:
See that dip in 2008-2009? If you owned Dividend Champion stocks that did not cut their dividends, you continued to get paid, you might have reinvested those dividends at very low prices, and today you are way ahead. Retired? Your portfolio "value" may have fallen, yet you still got paid.
Stay the course. If you have chosen well, especially from the C-C-C list maintained by David Fish (Excel Spreadsheet) you will succeed.
This too shall pass...like a kidney stone....but it shall pass
http://www.dripinvesting.org/tools/tools.asp
There are people who use up their entire lives making money so they can enjoy the lives they have entirely used up
Frederick Buechner
Frederick Buechner