A few years ago, my daughter was in her third season playing travel soccer. Her team was unique in that the parents (most of them, anyway) weren't nuts. You know, those parents who think their kid is getting a free ride to a Division I university and that every play in the 13-and-under game is life or death? The majority of the parents were great people who wanted their daughters to succeed but didn't get worked up about a bad call by the referee. I became friendly with many of them. One guy in particular stands out for his wisdom. He's a few years younger than I am, has an undergraduate degree and owns a small blue-collar business. He works hard and seems to make a pretty good living for his family. One night, as we were watching our daughters' team perform, we chatted about the stock market. "I hope it continues to go lower," he said matter-of-factly. "I invest every month, and if it goes lower, that means I get more shares and more dividends to reinvest." I nearly cried tears of joy. He hadn't read my book Get Rich with Dividends. I'm not even sure whether he knew I'm a proponent of dividend investing. Yet here was one of the few people I'd met who really understood how to secure his family's future through investing. Most people, when they find out what I do for a living, ask me either what I think about a particular stock that they own or whether they should sell everything because the market is up (and it can't keep going up forever) or down (and we're about to enter a bear market). This guy couldn't care less what I thought. He said he's in it for the long term. He's building his nest egg every month by adding shares of dividend payers and reinvesting the dividends. It doesn't matter whether the market is on fire or in the dumps. He has his investments on autopilot. The money goes in every month, and he doesn't touch it. |
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