I am new to investing but I'm not going to let a little thing like being a beginner keep me from my dream of financial freedom. Personally I feel I can do anything as long as I accept my failures as learning experiences and try to find out why I failed. In fact I like to fail right out of the gate because after I discover the reason for my failure I can adjust my path and be confident I am not heading in the right direction. It's like when you are following GoogleMap on a cellphone and find out you just went 3 blocks in the wrong direction and now you have to turn around and head back. If I had realized after just 1 block or 1/2 a block I wouldn't have to backtrack as much to get back onto the right path.
So far I can't say I have had an investing failure. Of course maybe I have and don't know it yet (walking the wrong path on GoogleMap) or maybe I don't know what an investment failure looks like. All I know is that all the companies I invested in are up.
I'm also receiving my 3rd dividend payment ever! This one is coming from my holding in KO. I was recently informed of a $7.65 dividend payment heading my way. This is very exciting to me and brings my yearly dividend payments up to $23.93. It doesn't sound like much now but I hope to grow this into an amount that pays for my expenses every month and that growth has to start somewhere. I'll let it start at $23.93.
That fact that you are thinking about investing and putting yourself on the path is valid enough to move forward. Do not be discouraged! We all have to start somewhere when it comes to investing, whether its buying our first mutual fund, first stock, first retirement account.
ReplyDeletehttp://www.mymoneydesign.com/lifestyle/philosophy-motivation/let-curiosity-guide-you-but-common-sense-protect-you/
Congratulations on the dividend payment. I too have made my first dividend purchases this year! I hope to build it larger and larger with time!
Hi MyMoneyDesign,
DeleteThank you for the encouraging words. I agree that everything big must start with a small first step. Just reading about financial independence and investing was a step for me.
I'm heading to check out your blog now.
Best of luck!