The stock market is always an exciting place with which to be involved. There is the hustle and bustle of news, trading, commodities, earnings reports, and scandals. Every day something new is jumping off, and something different is happening.
Amidst all this excitement, it can be hard to distinguish the truth about investing. The stock market and your investment account are two very separate entities. The stock market is loud, fast, and in-your-face, but your investment account should be dull, dry, and consistent.
Yes, your investment accounts should not be exciting. Nothing is exciting to look at except for your numbers going up and your dividends being paid. You should pick good dividend-paying stocks, index funds, and some growth stocks- and then invest for 30+ years.
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Rarely, you will need to rebalance or exchange some stocks for newer companies. But by in large, boring is the name of the game. In my opinion, and just my opinion, you are not trying to get rich from investing in the stock market.
The excitement of the stock market comes from becoming an accredited investor, being able to invest in a start-up exceptionally early on, watch it go to its initial public opening (IPO), and making a ton of money. This scenario is not for 99% of us. We are the little people. Accredited investors quickly take profits, long before we get involved,
In my version of the world, you get rich outside of the stock market. Then, once your cash flows in, you invest in the stock market to keep your money growing. It is like having an employee whose only good is to increase your wealth slowly. Not bad for us little people.
You can see why I don’t think that stock market investing should be exciting with my mindset. The news wants you to trade- all day, every day. They are making money by charging fees for each trade you conduct. “Your investment account is like a bar of soap; the more you handle it, the smaller it gets.”
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So what is a person to do if they are looking for fun, excitement, and adventure? Well, you could try jumping out of an airplane. But, if you want to make more money, try your hand at business. For me, starting a blog, affiliate marketing, and publishing Kindle ebooks has been the ride of my life. I am also 40 years old, and this may not be everyone’s cup of tea.
Don’t get me wrong; I love looking at my stock market investments. I own preferred shares, real estate investment trusts, dividend-paying stocks, index funds, bonds, and more. My excitement derives from the fact that I am getting 4-5% dividend yields.
The most exciting part about me is the concept of my dividends funding my lifestyle. I have been investing in dividends for almost two years now, and I am very close to being able to start enjoying some of the proceeds. This month, I should be getting a $30 dividend payment from Altria (MO).
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This $30 payment may not seem like much, but you will understand how much money this truly is if you are a dividend investor. My first dividend payment was $0.23 from Papa John’s in August 2019. I stared at this payment for a month because it was my first proper foray into passive income.
Now, less than two years later, I should be receiving $300 total passive income for the month, along with my $30 dividend from MO. The $30 payment is important to me because I can take my wife to lunch with this money. How exciting is it to be able to fund a nice meal with my wife or some ice cream at SONIC for my kids? That is the true power of dividends.
I re-invest 80% to 90% of my dividends back into the stock market. However, I use the money I receive from dividends via Cash App to have fun. Something is impressive about looking at $14,000 in my account but seeing $60/month in dividends. I love the idea of taking my wife to sushi, funded by dividends. It is my dream life. And we are just getting started. Imagine when we start receiving $300 payments. Yikes.
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I increased my passive income totals because of what I achieved outside of the stock market, not in the stock market. Reading books (Books & Thoughts), taking notes, writing, following websites and news, and taking action have led to tremendous gains. My wife and I started with $850 in our investment portfolio in June 2019. Today, less than two years later, we have $100,000.
You can do it as well. It is not a massive amount of money, but it makes life comfortable. We no longer worry about little stuff anymore. We can live life the way it was supposed to be lived, humbly yet without fear.
I got a little off-topic, but to understand the total life effect of investing, you have to look at the whole life. Investing is just a piece of the puzzle of life. True happiness and excitement come from getting all the parts to work together— your spouse, family, work, relationships, adventure, investing, real estate, and business. Somewhere, between all of these things, is your excitement.
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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