Yesterday I got an email from one of my readers, asking if they should buy one of the stocks I talk about buying for the Daily Dividend Investorportfolio or even those that have had recent increases in their dividends.
To be clear, I do NOT recommend that any of my readers buy any of the stocks or other investments I might write about here at the Daily DividendInvestor blog.
So why am I writing this then? Good question, read on…
New Ideas / How we learn
I am writing this blog for 3 main reasons:
To keep a journal of what I buy or consider buying for the DDI portfolio
To keep a record of my thoughts about why I might consider buying a particular stock
To share my investment ideas with others as a way to offer new investment possibilities for my readers
For me, what attracts me the most to the blogs I follow, is the writer’s ability to share new ideas and insightsabout how they are improving themselves and/or their business and finances.
By sharing those ideas and insights Iget new ideas to research or tryout on my own. I love to find out how others do what they do. Two of my favorites are on my blogroll, but I’ll mention them again here:
Just learning from others is only half of it – you’ve got to take action! While I don’t want you to just look at the equities I purchase and go buy them, what I do want is for you to think about how they might work within your investment strategy. You might find some of the equities I buy to be a great new idea that you hadn’t previously considered or you might think, “I wouldn’t buy that if you paid me!”
What’s most important is that you take what you’ve learned and use and apply it to make your situation better! As you continue to read the posts here, I hope that you’ll gain some great value from the Daily Dividend Investor.
Perspective – It’s different for everyone
The last thing to keep in mind when reading the Daily Dividend Investor is that no two people are in the same financial position. For me, a substantial loss in the DDI portfolio would not wipe me out financially.
Although I do try to implement strategies such as OVER-diversification of companies and sectors to help protect against major losses due to any one company or sector’s failure.
If you are just starting your dividend investing journey, then what I buy probably won’t be a good fit for you. If you are EVER unsure about making an investment you should always seek out a licensed, qualified financial advisor or other professional before making any investment decisions. You should not take what I write here to be advice, financial or otherwise.
As always, best of luck with all your investments and drop me a line to let me know what you’re buying (or selling).