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- Welcome to the Nourish Your Roots Newsletter Issue #3
Welcome to the Nourish Your Roots Newsletter Issue #3
Consistency Is King
Dividend Roots
November 18, 2023
Nourish Your Roots Newsletter
Consistency is King.
ISSUE #3
Consistency is King.
I say this, and strongly believe that it is the core essence behind ensuring that you reach the goals you design. Without consistency you run the risk of allowing the temptation to slack off, become lethargic, cut corners and many other detrimental behaviors that can suck away from allowing you to achieve your goals. I use these vivid words to really drive home how much of a negative impact lack of consistency can have.
Having a consistent approach helps turn your actions into habits. This in my opinion is the best case scenario. If you are trying to add a new activity or action to reach a goal, creating a new habit out of the action is the best way to maintain consistency. Looking back at last weeks newsletter, I talk about how I would set up small milestones for myself when learning to juggle. I added this to my schedule and practiced consistently everyday, to the point where if I did not practice then I felt like I was forgetting something.
If you are reading this newsletter you are most likely an investor in some capacity. Myself, I am a dividend growth and income investor. Consistency is absolutely king in this style of investing. The ability to generate a compounding snowball of dividends that offers consistency growing income are part of my goals, therefore like clockwork once a week minimum I make a contribution to my dividend portfolio. Using the newly acquired stocks, when their dividend payments are deposited into my account I take the funds and immediately reinvest those into my portfolio as well, consistently growing my dividend income snowball.
But, consistency can be used in many other parts of our lives. Whether we focus on health, wealth or learning a new skill, consistently taking positive approaches will help accomplish anything you set out to do. This week I implore you to take a moment and think about what new activities or actions you have taken in your life that you consistently do that have become a habit, and if this habit is having a positive or negative impact on you reaching your goals.
It is easy to forget that we can also consistently develop bad habits. Be mindful of what is beneficial or not in your life. Sometimes its good to reassess every so often and see if you need to trim something out of your life. Maybe, a new activity or habit is toxic, or pulling you away from the course to reach your goals.
Remember Consistency is King. I will definitely be circling back to this topic in the future.
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
Purchases:
Total $ Invested: $344.91 Sells: NONE | Dividends Collected This Week WEEK OF: 11/13-11/17 (2023)
Total: $167.27 |
Overall Comments: The middle of the months are always spicy hard hitting payments due to O and MAIN dropping their monthly dividends. I have slowed down on my overall contributions because of the holiday season and need to make sure I pace myself accordingly to not over spend.
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 @onepennypodcast. Harris, has become my best friend, investing support partner, dividend homie… I have to move on I will talk him up forever! We talk daily about all kinds on investing topics, he is super knowledgable and is always giving great insight into stocks as well as keeping me on the path and away from .. lets call it ridiculous investment choices that I come up with 🤣 .
He has an awesome podcast that is linked below, new investors as well as long time ones can get something from this because he has incredible guests constantly as well as tracking his own journey and sharing some essential news that are going in the finance world. I highly recommend and X follow as well as a podcast listen!
If you want to hear all the great things Harris has to say, and want a true example of consistency, check out his Podcast One Penny at a Time with your favorite podcast provider or click in the link below from the resources center!
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This week I also asked the Dividend Investing and Finance Community what they thought on some topics.. here are the results of these poll questions below!
Seems like a majority went with ETfs for there preferred “Fund” Investments
Consistency is the highest achiever here, while I will be honest I was not expecting “Hardly Important” to yield any votes. This goes to show everyone is different! What a wonderful community!
Interesting responses to these while they do appear to be predictable in some sense there are a few choices that really show the diversity in the community of investors int he X or Twitter space.
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.
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
