As Washington contemplates ways they can keep kicking the fiscal can down the road, the rest of us don't have the same luxury of pushing back as much as the powers that be do.
While the majority of those who invest based on the media's flavor-of-the-day ideas have witnessed their positions move against them and are in the hope and prayer mode, investors seeking quality long-term investments that produce income are putting money to work as they usually do. When you harken back to the huge sell-off we experienced in late 2008/early 2009, we at Dividend.com remained fixated on the best opportunities we could find in the market. Our "Best Dividend Stocks" list was lean back than, as it is today.
There were never any emotional breakdowns for us. We just brought the calculator out to discern how much the dividend yields would be in the years ahead for dividend names that had gotten sold with the rest of the inventory that investors panicked out of (or liquidated to salvage some winners they may have had mixed in with trading ideas they had no business being involved with in the first place). I can speak loud and clear about this because I know the trading game well, having been a full-time trader for many years before committing to building the best investment site for long-term investors here at Dividend.com. You can say I have seen just about everything in my career and it is safe to say that despite the media's addiction to breaking news and fast stock reactions, that game ends poorly for most who take their hard-earned capital and put it in play with the Wall Street machine.
Our 2013 Dividend Guide is set to come out in the next couple of weeks (be sure you are signed up for Dividend.com Premium so you can download it) and there is no sugar-coating the roadblocks the U.S. faces in getting things stabilized. That said, there will be opportunities in the market to put your money to work (as always).
If you are out there in the working world trying to make enough money to pay your bills, save, and invest, the game plan has not changed. If you are retired and trying to not fall behind inflation, the game has also not changed. Did we panic at Dow 6500 lows in early 2009? No, because we were fixated on building income. The reality was knowing we were likely going to be paying some lower prices than we may have originally paid. Most traders cut and run, or worst yet, keep buying momentum plays that have already topped. Will the road be bumpy? I'll say this, when is life ever not bumpy at one point or another? It's how we react when those shaky periods occur that will define how we ultimately arrive at our desired destination of financial independence.
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.
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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.
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