Thursday, September 22, 2011

Listing out the goals of the Investing account, Phase 1

If I am going to manage a dividend growth investing account for 15+ years I need to set out my goals...

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

In the video I mention that getting paid weekly was important for the dividend investing account. I want to talk a bit more about that. When selecting stock and ETFs it was the last thing on the list of important things I needed. Safety, stability, a good yield, strong potential for future growth and the other topics I discuss in my other videos take priority. ERF was the final piece of getting paid in week 3 of each month. But if I didnt feel that it was a good income source with stability and everything else I look for in an investment? I wouldn't have picked it up. To be honest, I got lucky that it pays during week 3.

I'm pretty pleased with how Phase 1 of the Investing account turned out. I do not have TLT yet but its just a matter of being patient and controlling emotions in buying when it's the right time. The move to Sharebuilder in the long run maybe a good thing as now I can DRIP and let compounding take over.

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

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