Weekend Edition – Let Me Repeat the Order Back

By
A A A
Share |

Have you ever noticed when ordering food at a restaurant, that you encounter many different kinds of servers? Some will simply ask for your order and write it down (fairly straight forward). Others may not even write anything down (impressive, but I really want my custom order right the first time). Finally, we have the server who writes down the order and then reads the entire thing back to you to confirm. Which one do you think makes me feel the most secure about what I ordered?

Obviously, the person who repeats my order back to me is my favorite. The process may take a bit longer, but will probably also be the most accurate.

Similarly, some may say that dividend stocks take a little longer to produce big results. Superior results take time, however. Compound interest doesn't work overnight, but it will certainly help make you financially secure over time. Just like placing an order for your favorite dish and having the order read back to you, buying high-quality dividend stocks should instill confidence that your order will pay off.

Just so I got this right, let me repeat your order back to you. You want investment ideas that produce income, grow their payouts consistently, give you the results you expected when you came aboard, and also, put you in control of your financial destiny. Sounds great! Sit tight, be patient, and you'll be happy when the returns are served.

Quarterly Reports - For Your Family?

Can you imagine if families took it upon themselves to file a quarterly report? Even if the report was as simple as writing down basic spending, saving, and investing habits, the exercise would certainly help improve your finances over time.

It's not a job anyone looks forward to, but implementing a system of financial accountability is extremely beneficial. I often talk about having balance in our lives, which means occasional sacrifice in order to maximize savings.

Financial Dieting
Financial health is similar to having a good diet. Many experts now advocate a "cheat day" each week, where you can eat whatever you want. All the other days, you eat an extremely healthy diet. The benefits of a cheat day are numerous, but perhaps most importantly, the cheat day allows dieters to indulge in some unhealthy foods once in a while. This practice increases the odds a person will stick to the overall diet. Similarly, the occasional splurge on a luxury item can help keep a person on the right track financially.

The more you can regularly schedule your family's financial check-ups, the better. Once you automate the task of saving and investing your income, for example, the easier the other tasks become. If you're ambitious enough, why not come up with a quarterly report? You can even set guidance for each quarter and see how well you wind up performing relative to your expectations. Miss estimates one quarter and you might have to adjust your full-year outlook!

Go Beyond This Newsletter

We know many of you enjoy reading the daily newsletter, but remember that with our Dividend.com Premium service, the newsletter is just one small component of what we offer. Here are the "Big Three" benefits of our Premium service:

- The Best Dividend Stocks List is used by tens of thousands of investors to help build their own portfolios.

- Creating your own Watchlist allows you to track the performance, news, and upcoming dividend payouts of the particular stocks you care about.

- Finally, we offer the most complete and easy-to-use dividend data on the web. Many subscribers use this data as part of a "Dividend Capture" trading strategy, but long-term investors can use it to keep track of impending payouts. Just visit our Ex-Dividend Calendar for a complete outlook on which companies will be paying out soon.

We don't ask for a credit card to use our free trial, and we don't bill you when your trial ends. No obligation whatsoever! So keep enjoying the newsletter, but please give Dividend.com Premium a shot if you haven't already subscribed!

An Important Note Regarding the Best Dividend Stocks List

We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on. If and when a stock is removed from the list, we will clearly state whether the stock should be sold (which is rare but occasionally will happen), or simply held in one's account until we see a better entry point or catalyst.

And here's one last thing to remember about what we do here at Dividend.com. It's not just the names that we recommend that can help you build wealth, but also the things we try to steer you away from that are just as important. Forget about speculative or penny stocks, chasing unprofitable IPOs, and listening to the manic talking heads in the business media!

Thank you for sharing part of your weekend with me, and please be sure to pass this post on to anyone you think we can get inspired and educated about money, building wealth, and using common sense to do so.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks:

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Author Roger Martin LIVE
Author Roger Martin LIVE            

Stocks

Referenced

Most Active by Volume

125,944,597
  • $5.39 ▼ 18.83%
88,921,335
  • $17.0701 ▲ 1.79%
72,985,700
  • $41.8999 ▼ 1.62%
29,438,717
  • $101.8053 ▲ 0.22%
28,582,242
  • $4.43 ▲ 14.18%
24,416,396
  • $46.75 ▲ 0.49%
23,556,193
  • $6.805 ▲ 0.52%
23,439,026
  • $100.2099 ▲ 0.68%
As of 9/18/2014, 03:30 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com