Just Start

8 Responses

  1. When I buy dividend stocks, I make sure the dividends I get in the first two quarters equal the transaction fee. Based on the dividend yield I might have to buy more or buy less. After switching to index funds I have no trading costs.

    Financial education is the need of the hour. People don’t understand difference between index and actively traded funds!!

    I have seen some fund managers swindle their clients by comparing their expensive US funds against Total World Stock Index.
    dividendgeek recently posted…10-Year Dividend Growers with dividend increase (Dec 18 – Dec 22)My Profile

    • Wow interesting method geek. Never heard of watching first 2 quarters to cover the trading fee. Yeah financial education is basically #1. Im reading the trump kiyosaki book and they mention lack of financial education. Trump even says if he was president he would change how schools teach about money…… dunno if he has done that yet.

  2. MrSLM says:

    Don’t let perfect be the enemy of the good.

    Something I tell the guys I mentor at work. Unless it’s critical to get it 100% right on the first try, it’s often better to just move ahead, get something going, and fix as you progress. Often soooo much easier mentally to fix problems than try to plan the perfect solution
    MrSLM recently posted…Financial Update – November 2017My Profile

    • Hey Mr. Thats a great line. Had to read it twice to clarify. Sometimes we are scared to progress because we dont know enough info or arent perfect at the issue as you stated. Its a good point just move forward.

  3. I do agree that starting now is more important than having everything right because it’s hard to get investing right in the first place. I think most people will benefit from just starting an account and investing in something simple like a target retirement fund but there’s a lot of people out there that get analysis paralysis and/or are too afraid to invest in the market because of what they’ve heard about potential losses!

  4. Erik says:

    Taking action on your goals is so critical for success. All it takes is one step. Thanks for sharing your thoughts on the matter PCI 🙂 have a good one
    Erik recently posted…Prioritize Financial Success in 2018: Concluding Thoughts on 12 Days of Personal FinanceMy Profile

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