A few years back, my kid was deep into her third season of travel soccer. Her team was, um, different. Not like those squads with parents who act like a scholarship’s hanging on every kick. Nope, most folks here had their heads on straight. No one flipping out over a bad ref call. Most, anyway. I got pretty chummy with a bunch of them. One guy sticks in my mind. We’ll call him Mr. Wisdom.
He’s a bit younger than me. College grad, runs some blue-collar biz. Spent a lot of sweat equity, I’d say. We’re on the sidelines once, chewing the fat about the stock market. He hits me with, “Hope it drops more. I buy every month, more shares, more dividends.” I almost hugged him. Seriously.
The dude hasn’t read my “Get Rich with Dividends” book. Doubt he knows I’m all about dividend investing. Yet, here he is—cracking the code on securing the family fortune. Most people, once they find out what pays my bills, drill me with what’s up with their favorite stock or panic about whether to bail when the market sneezes. But not Mr. Wisdom. He’s got his eye on the long game. Every month, he’s plugging away, stashing his own nest egg, rain or shine. It’s like clockwork. In goes the money, untouched. Autopilot, baby.
I spent ages dissecting markets, playing stock detective, trying to handpick the best for my tribe. But here’s the kicker—you’re better off shadowing my buddy. Snag stocks you dig, keep adding, rinse and repeat. Market goes haywire? So what. Stick with it.
Worried about buying at the peak? If you went all in right at the Great Recession top, guess what? Your haul would look like 289.6% overall return and a whopping 443.9% if you reinvested dividends. Mind-blowing.
Afraid of going autopilot? Fidelity found that top-performing accounts belonged to folks who either kicked the bucket or forgot they even had accounts. Not suggesting you check out completely. Keep an eye on shifting tides. But if your stocks aren’t headed for financial doom, let ‘em ride and scoop more on dips. Wealth trickles in over time.
Meet my friend, and you’d think, what a guy! Friendly but not in-your-face. Smart, but not a know-it-all. Wisest investor I’ve come across. He’s set for a nest egg way bigger than if he’d freaked out in market nosedives. He doesn’t flinch with his investments. That’s why he’ll swim in success.
