Portfolio Growth Is Just Like Hair Growth
When you look in the mirror, you probably never notice that your hair is longer today than it was yesterday. It's probably something that never even crosses your mind.
The day-to-day changes are so incremental that it's only after several weeks or months that you realize just how badly you need a haircut. And not unlike hair growth, building your dividend portfolio brings small, almost imperceptible changes at first.
On a day-to-day basis, progress in your portfolio can seem nonexistent just like how you don't notice your hair growing from one day to the next. However, over time, these seemingly insignificant efforts tend to compound, and do so with great effect.
When you consistently invest in quality dividend-paying companies and are persistent about reinvesting your dividends, the impact on your portfolio is no longer invisible and instead becomes impossible to ignore.
A fun way to see this in action is by plugging some numbers into this free dividend calculator tool.
At any rate, in respect to both hair growth and dividend investing, you need to think beyond the immediate. If you are always focused on getting results today, you'll be permanently disappointed.
Shift your perspective to months, or even years. The more time that passes, the more you'll notice the unstoppable momentum you've built over time.
All you have to do is keep showing up and keep investing. Eventually, your dividend payments will go from pennies, or a few bucks here and there, to then being able to pay for some real-life stuff like bills, date nights, full-on vacations, and eventually, your permanent exit from the 9-5.
In my portfolio, I'm somewhere in the bills and date night stage, and the other day I actually hit a new dividend income record with my highest day of income ever.
But enough about me, I want to hear from you. What is the most recent dividend income milestone you achieved? Whether it's your highest month ever, highest day ever, highest individual payment, or anything else, I want to hear about it. Write to me here and let me know.
And a big thank you to the 17 readers who responded last week. I always enjoy hearing from you all. You rock! 🙌
In case you missed last week's newsletter and want to check it out, click here.
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IN MY PORTFOLIO
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ICYMI
I just had my highest day of dividend income ever, and in this video I'll be breaking down all of the dividend payments I received and the total amount for this new record.
The 5 stocks in this video are undeniably yield traps, and are ones you should never buy again.
My portfolio is currently sitting at all-time high's, and in last week's Dividend Happy Hour, I'm showing you my recent gains as well as which stocks have been my best performers as of late.
CAREFULLY CURATED
WHAT I'M WATCHING
Investing Into Dividend Stocks & Living Off of Dividend Income | Ari Gutman
How To Never Go Broke (Using Dividends) | Andrei Jikh
My Philosophy For Building A Stock Portfolio | Kevin Burgess
WHAT I'M LISTENING TO
FI, Not Fire | Motley Fool Money
DD187~A New Dividend Investor's Mindshift After One Year | Dapper Dividends
WHAT I'M READING
Tough times for telecoms.
Speaking of telecoms, some bulls say this one has a 60% upside.
Johnson and Johnson is forced to pay up.
Why it's time to buy Coca-Cola (KO).
Morningstar's top dividend funds.
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MIND GAMES
Crossword: This week’s crossword features my favorite cocktail, a popular investing acronym, and a “shameless clone” of Warren Buffett.
WANT MORE DIVIDENDS?
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