“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.”
– John D. Rockefeller
In last month’s article, focused on “Taking advantage of Time” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on slightly different quality, but another thing great investors can take advantage of…Great Investors Love Dividends.
“Time, Time, Time is on my side… Yes it is.Time, Time, Time is on my side… Yes it is.”
– Mick Jagger
In last month’s article, we discussed how “Understanding Risk” is one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a related, but slightly different quality…Great Investors Take Advantage of Time.
If you read any of the content we regularly publish here at Concentus, you must know by now that one of the pillars of our capital market philosophy is Rational Optimism, and that it is impossible to make a good investor out of a pessimist. We believe firmly that an educated optimism is the only outlook that is supported by history, and that any rigorous study of the history of mankind will make clear the fact that the human condition has been getting better and better for the last 10,000 years.
“Now and then, it is a good idea to take a break from the constant pursuit of happiness, to just… BE happy.”
– Dan Sullivan
The Pursuit of Happiness
I love this quote from Dan Sullivan, and have it taped to my computer monitor at work. It seems like so many people are running so hard to achieve the things they believe will make them happy.
“Simplicity is the ultimate Sophistication”
– Leonardo da Vinci
When it comes to wealth planning and investing, most people suffer from the illusion of complexity, and believe that the achievement of significant financial success will require us to grapple with a great deal of complexity.
You may be asking…what is DCA? DCA is an acronym used in investing for Dollar-Cost Averaging. Dollar-cost averaging is a program for investing set amounts of money over specific periods of time.
Client Profile: The Retiree
Alice & Bob both turned 64 in the last year and did not have retirement medical plans from their prior employers. During a recent review meeting with them, they had three questions on their mind about their Medicare benefit elections:
- “When should we be electing our Medicare benefit?”
- “What should we be considering when electing our Medicare benefit at age sixty-five?
- “What supplement medical plans best complement our future Medicare election?”
“Risk is not knowing what you are doing.”
– Warren Buffett
In last month’s article, we focused on “Faith in the Future” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a related, but slightly different quality…Great Investors Understand Risk.
“Do not resign yourself to this battle. Do not see investing as some kind of Sisyphean exercise, in which you are tragically fated to roll the rock of your wealth up the hill in rising markets, only to watch it roll down again when markets crash. Believe that you can triumph, and that all you need in order to succeed beyond your wildest dreams is out there – lost in the darkness of ignorance and fear – waiting for you to shine a light on them.”
– Nick Murray
The US stock market has been in an impressive bull market for the last year or so, which has taken many investors by surprise. In fact, the recent run in stock prices has been called “the most hated bull market in history”, as many investors don’t trust the market these days, or believe the reasons why it is increasing.