YOU WORK HARD FOR YOUR MONEY, SO LET SOME OF THAT MONEY WORK HARD FOR YOU
So, I'm a bit of a contrarian watching stocks and trading daily it's a lot of fun, especially if you make a winning trade. But what about investing in stocks that you don't have to watch.
Cash flow is king right. As a fundamental investor you are looking for a stock that is cash flow positive and has growing returns. So as an investor, well shouldn't you have the same expectation of yourself? Day trading is a great way to bring in cash on a daily basis, but it requires a lot of effort. Way more effort than just analysing one stock, deciding it's great and just holding it and perhaps setting up an auto investment so it's A set and forget kinda deal.
Don't get me wrong I like a little excitement,but I also like a little routine, and certainty. And another thought, you work hard for your money, should you work hard for the money you have worked hard for? Or let that money work hard for you.
I really like REITs and BDCs, not all of them. Just the ones that offer a combination of dividend return and dividend growth in the 15% plus range. And the ones that have a solid history of doing it. $Main Street Capital(MAIN)$ $Realty Income(O)$ $Blue Owl Capital Corporation(OBDC)$ $Gladstone Capital(GLAD)$ are just a few examples.
Every month these stocks work for me, putting cold hard cash into my account, and I don't have to lift a finger. Obviously they are unlikely to 10x any time soon, and the nature of their structures mean they have higher debt and more dilution, but so what, they work for you, you don't work for them.
It's not an exciting strategy at all, and yet, it's kinda satisfying to see money coming into your account every month, and more money every month that you didn't have to work for at all. It's like a you tube video, a lot of up front effort, but if you got the content right, it just pays you for doing nothing.
Am I more excited if a trade I execute goes up 40%, that's exciting yes. Not so much so if it's down 40%. What excites me more is to tally my dividend income at the end of each month and compare it to the previous month of last year.
Personally, I'm not worth millions, but I want to be worth millions. If I was worth millions it would be easy to make millions. So given my lack of millions... well I have to think. My money needs to work as hard for me, as I work for it.
I'd really appreciate your comments on this post, likes are greatly appreciated, but comments are gold for me. As are follows, making friends in this tiger community is awesome
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Comments
You're thoughts on this post my friends would be much appreciated, nuts I didn't even mention $Rocket Lab USA, Inc.(RKLB)$ inside engineer joke, yes I do have a whiteboard atm it's saying... AI whatever, go the sheep of Wall Street. Prediction... the new next best thing will be the space race. A couple of other stocks related to space I'm now looking at now. Once the potential of Rklb is actually realised, there mite be more opportunities in other stocks, way more speculative.
LOL, just wrote a post about slow and steady, and my repost is speculation beyond AI. In my defence, I'm kinda a two to three kinda device person, in my element with the phone, tablet, and desktop all humming, and Spotify in the background. Just my happy place :)-