STOP Trying To Beat The Market
Did you know that only 2% of investors actually beat the market?
Let that sink in for a moment. The vast majority of people, regardless of their investing expertise, fail to outperform the S&P 500.
So why is there much emphasis placed on achieving this elusive feat?
It's simple, really. We all want to be good at what we do. Every basketball player aspires to reach the NBA. Every bodybuilder aspires to become Mr. Olympia. Every investor aspires to beat the market.
It's proof of accomplishment. Furthermore, it signifies that you were able to reach heights that most others were not.
With that in mind, as a dividend investor, you have other, arguably more fitting ways of measuring success. Your main goal is not to dominate the S&P 500. It's to generate a passive income stream that will allow you to eventually escape your 9-5 job.
Beating the market is not the trophy you're after. It's financial freedom.
The pursuit of financial freedom is what truly matters in the long run, and the beauty of dividend investing lies in its ability to provide you with a path to this goal, irrespective of whether you beat the market or not.
If the market goes up, your dividend income grows. If the market goes down, your dividend income still grows.
Of course, in any given year, there may be instances where your portfolio outperforms the S&P 500. That's a fantastic outcome, and you should indulge in those moments of triumph. However, you must also remember that if you don't beat the market in a particular year, it's perfectly fine.
Your long-term success as a dividend investor is not defined by how you compare against the S&P 500, but rather by your ability to create and sustain your stream of passive income.
As long as you stay committed to your dividend investing strategy, diligently researching and investing in quality dividend stocks, you can reach your destination, and can get there faster than you realize, as showcased in this video here.
With that, I want to hear from you. Write to me here and let me know if beating the S&P 500, or any other benchmark, is something you pay attention to.
And a big thank you to the 39 readers who responded last week. It really means a lot that you actually take the time to read these emails, and I thoroughly enjoyed reading about all of your investing journeys. Keep up the great work! 🙌
Dividend Investing Democratized
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IN MY PORTFOLIO
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ICYMI
Investing for financial freedom is easier than you think, and oftentimes gets too overcomplicated. However, you can achieve passive income and reach financial independence without any knowledge of investing.
In this video, I'm showing you how to generate enough passive dividend income to potentially live off dividends in 15 years or less. Keep in mind, though, this will be no easy task.
The biggest misconception about dividend investing is that it's only good for retirees seeking regular income, and in last week's Dividend Happy Hour, I discussed why this couldn't be farther from the truth.
CAREFULLY CURATED
WHAT I'M WATCHING
4 Stocks For Dividends EVERY Week Of The Year! | Russ Knopf's Dapper Dividends
$1,265,771 Portfolio Update - June 2023 | Kevin Burgess
A Warning To All Dividend Investors | Toby Newbatt
WHAT I'M LISTENING TO
What To Do With Dividends | Motley Fool Money
Episode 9: Building Wealth, One Penny At a Time | Money Happy Hour
WHAT I'M READING
Starbucks is perking up.
Half of the country’s banks are about to be swallowed.
The top 4 financial regrets from retirees.
I've been catching a lot of slack for buying the dip on this high-yield REIT.
What NOT to buy in your taxable brokerage account.
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MIND GAMES
Crossword Puzzle | If you know Warren Buffett's middle name, then this crossword puzzle will be a cinch. If not, see what it is here.
WANT MORE DIVIDENDS?
That's all for this week's newsletter!
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