Saturday, August 31, 2019

Div Tip #19: No fear.

Image of Dividend Tip Jar.
Dividend Tip Jar

Caution, yes.  Fear, no.  Many investors hesitate to pursue their own best investing interests because they think they’ll screw things up.  As Winston Churchill aptly put it:  “Success isn’t final, failure is not fatal: it is the courage to continue that counts.”  This is true of DIY investing and Dividend Farming.

Will mistakes be made?  Yes.  Will they sink your portfolio?  Not if you manage your investing risk.  If you start early and learn as much as you can along the way, the less likely you’ll do irreversible damage.  Mistakes will be small, lessons large, and the time available to recover great.  With time and wisdom on your side you’ll go right more often than wrong.  That’s the long-term key to successful Dividend Farming.

1 John 4:18 says it well:  Perfect love drives out fear.  If you love your family, enjoy the investing process, look forward to your future, and move forward with a positive attitude, you’ll do better than you think.  Be prepared.  Minimize your risks.  Be prudent and have no fear.

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