The Golden Age of Investing
Many people are afraid to start investing because they think it's too complicated, and have no idea where to start. They're afraid that because they didn't get a finance degree from Wharton and don't work on Wall Street that they'll end up losing money trying to invest on their own.
Frankly, I don't blame them. As someone who started investing with practically 0 experience, I know how it feels to be overwhelmed by the idea of investing, or the idea of starting anything new and foreign to you, especially when your hard-earned dollars are at stake.
With that in mind, I read a quote this morning in The Tao of Warren Buffett that says, "If calculus or algebra were required to be a great investor, I'd have to go back to delivering newspapers."
The truth is, you don't need to be a genius or a Wall Street guru to succeed in the stock market, and investing doesn't have to be complicated. It can be, if you make it that way, but it doesn't have to be.
With the creation of mutual funds and ETFs, the ability to buy fractional shares, commission-free trading, and an overwhelming amount of resources out there to help you learn, I'd argue that this is a golden age for investors, as building wealth has never been more accessible than it is right now.
All it takes is a willingness to start, a willingness to learn, and a willingness to keep going. With those, anyone can find success with investing, and I hope to serve as evidence of that.
Having said that, I want to hear from you. Has the experience of investing been simpler or more complex than you initially anticipated? Also, have there been any aspects of investing that caught you by surprise? Write to me here and let me know.
And a big thank you to the 27 readers who responded last week. You rock! 🙌
In case you missed last week's newsletter, you can read it here.
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ICYMI
In August, I was able to reach over $200 of dividend income for the month, which is only the second time that's ever happened - very exciting! In this video, we're going to go through all 12 of the payments I received, and I'll also show you how much I'm anticipated to make coming up in September.
Looking for the best discounted dividend stocks to buy in September? In this video, I'm talking about 3 of them, all of which are currently priced at a bargain and can serve as excellent additions to your portfolio.
While most companies pay dividends on a quarterly basis, many investors are under the impression that getting more frequent, monthly payouts will supercharge the growth of their portfolio. The truth is, though, the payment frequency really doesn't matter, and in the most recent Dividend Happy Hour here, I'm telling you why.
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SINCE YOU ASKED
"I was wondering what your thoughts on 'pie investing' are. From what I can tell, this is not what you do."
- Adrian | Email Submission
First off, for those who aren't familiar with "pie investing," this is essentially what you're doing when you invest using a platform like M1 Finance.
You start out by creating your pie, where you can fine-tune the proportions of different stocks and ETFs in your strategy. Once you have your pie all set up, your contributions to the portfolio will be allocated in proportion to the slices of your pie.
In essence, it's a simple way to invest that allocates your dollars based on the percentage you want each holding to make up in your portfolio.
While I don't implement this strategy in my main taxable brokerage account on Charles Schwab, I use M1 Finance for my Roth IRA, so I do a little bit of "pie investing" there and think it makes sense for my strategy with that portfolio.
I want the growth of my Roth IRA to be completely hands-off and automated, and "pie investing" through M1 Finance makes that possible.
Have a question? Ask me here to see it featured in an upcoming newsletter.
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