Dividend Investing for 2018, you would think it would be similar to 2017 or 2016 or even many years prior to those. I mean, come on, Dividend Investing has been around for over 400 years. It shouldn't vary much from year to year. However this year started out great and should ave kept going at the pace we started, our 1% percent per week was going just great until greed, that green eyed monster came in and sat on my lap. Whispering sweet words of deception and filling my head with thought of grandeur.
Well i'm here to say that all my profits so far got wiped out in short week, 9.5% of my total holdings got consumed by the monster this past week. Why? That's a good question. As a teacher of safe investing strategies (Dividend Investing is very safe) why was one of my trading accounts wiped out?
I made some questionable trades using options and I guess I needed to be humbled and taught a lesson. I was right on track to earn my 1%-2% this past week and I thought there is more money on the table, why not go big or go home. It made a lovely slogan but not a good trading strategy. BA, Boeing came in with a great 40% return for the week as did HAS, Hasbro. But the other position took those profit along with all of January's profits too.
Needless to say this post is basically to say... keep your eyes on your prize and the grass is not greener on the other side of the fence, it just looks like it is.
Our goal is 1%-2% per week and I will say... lesson learned.
Back to basics and keep with the plan.
Just out of high school I decided to be self employed, after running a successful manufacturing business I had a problem of making more money than I knew what to do with. I started investing, after 23 years of investing I now want to share my strategy with a select few that want an extra edge in their own investing.