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- Nourish Your Roots Newsletter Issue #10
Procrastination Station
ISSUE #10
I can fondly remember having a blast playing video games with my friends and neighbors growing up. Once the school day was over, heading home and spending all hours of the afternoon gaming, reading and doing anything other than assignments that were suppose to be completed for homework. Until, about 10 pm… then it was crunch time.. get the work done before bed.
There is a saying I heard once “Pressure makes diamond or dust”, which resonated with me. I was able to think back to all the times I procrastinated and had to grind out work at the 11th hour and hope for the best. As I got older I began to realize how much of a gamble that was. Soon I was teaching myself concepts of delayed gratification, priorities, time management and more which helped pave a path to reducing LOADS of stress on myself. This would also come to play more recently when I began investing because procrastination leads to sloppy diligence and allows for poor stock selection or “holding the bag scenarios”.
Thinking about how to use time wisely especially free time is essential. Understanding how to make your free time work for you can greatly increase the chances of finding wild success or meeting your goals more efficiently.
I would like to include in this newsletter an awesome opportunity. I am partnering with @WealthTrap to share his guide on how to navigate the space of Opinion Based Market Research Surveys. You can pick up a copy of this guide by clicking here. This guide is phenomenal for anyone who is a beginner in the survey space. Who wouldn’t want to make a little extra cash using your free time if you qualify for a survey! What an incredible way to beat procrastination.
This week I want to know what is one task that you constantly put off either presently or in the past.
Reach out to me on X (@DividendRoots) and let me know about your response, I would love to hear your responses.
You can always reach out to me through email ([email protected]) or through X or Twitter @DividendRoots… I don’t know what to call it…
Nourish Your Roots.
-Gio
DIVIDEND DATA UPDATE
Click here —> ROOTS PORTFOLIO
Purchases: Total: 7355.18
Sells: $6948.52 CSCO- $601.61 ALLY- $3441.47 DUK- $591.36 LMT- $2314.08 | Dividends Collected This Month January : $331.10 ADP- $7.00 NKE- $.74 BBY- $15.64 KMB- $14.16 HPQ- $11.02 PEP- $5.06 MDT- $26.22 VICI- $13.70 MO- $100.94 COST (SD)- $7.05 IIPR- $54.60 MAIN- $12.72 OBDC- $14.35 O- $19.75 CUBE- $7.65 CSCO- $4.68 CMCSA- $7.54 JPM- $21.00 |
Overall Comments: I cleaned out my portfolio for this month. One of my goals this year was to do no selling except for 2 emergency and 1 casual day of selling. So in January I used my casual day of selling to prep myself for the rest of the year. I redistributed the rest of the money from those sells throughout the portfolio.
X HIGHLIGHT OF THE WEEK
This section is dedicated to a X member who offers meaningful, thought provoking finance, educational, content while maintaining a positive attitude and supporting members of the community. I suggest giving them a follow and checking them out
X Profile Spotlight :
The spotlight for this week is awarded to @thewealthtrap. This individual has become a very good friend of mine! Even though we are in different countries he has always shown support and interest in my journey! From when I dabbled in options as well as new endeavors taking surveys and more, Wealth Trap is always ready to have a discussion about it. Recently he has begun to take more of an active effort to post more content on X which is awesome because he is great simplifying topics and posting meaningful thought provoking questions!
I reached out to Wealth Trap and asked him “how do you find ways to fight off procrastination” He responded with
“When I find myself procrastinating, I will make a to do list on the various projects that I have been putting off because I find seeing the list in front of me helps hold myself accountable and help me realize that the tasks really aren't as intimidating as I am making them out to be. Then I will organize that list in terms of how much time each task will take, and then I tackle one project at a time. As you start with the smallest tasks first, you build up momentum and get satisfaction of completing the next thing, and it motivates you to start working on the next project. This is one of the ways I have found works best for me to fight procrastination.”
Wealth Trap shows a great way to handle procrastination by making a list to help hold him accountable. I have also seen people make calendars with tons of reminders to help ensure they are on task. What are some ways you handle procrastination?
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Resource Center Section
Tools that I utilize
These websites and apps listed below I personally utilize on a daily basis for research, news and portfolio tracking.
Investing Spotlight Dividend Tracker/ Budget - refined and very useful tool for tracking dividends and budgets. Highly recommend as this tool offers many different metrics to track so many different aspect of your journey!
www.thedividendtracker.com - easily one of the best tools that I use to research dividends and its very beginner friendly. The free version has exceptional options available to you for taking a deeper dive into stocks and keeping track of the progress of your portfolio over time. There is a paid version you can upgrade to and offers tools such as a payout calendar, calculators and much more! Definitely worth checking out. Also comes as an app 🙂
www.seekingalpha.com - an excellent website tool that offers some seriously in-depth analysis of stocks that you research. There is a free version for some simple portfolio tracking and a paid version that offers way more options such as comparisons to other stocks and history and way more! Also comes as an app. 🙂
www.finviz.com - great tool for screening stocks, getting charts and graphs and comparisons. If you want quick or indepth analysis this is a great tool to have access to. PLUS its free 😄
Div Tracker App- Free app decent tools/ paid version offers some extra tools. Allows for quick tracking on phone or tablet and has a payout calendar which is always fun.
Book Corner
The books listed here are ones that I have read along my journey to teach myself investing principals as well as develop a better understanding of financial literacy. This list will be ever growing 🙂
Podcasts
List of Podcasts that are great for beginners and veteran investors that I listen to daily. They offer book reviews, stock reviews and thought provoking discussions. I usually listen in the morning on the way to work and on the way home from work, then i can sit and reflect on what the podcast is talking about.
Brokerage
Charles Schwab
Robinhood
Fidelity
Photography Highlight of the Week
