My investing philosophy has been slowly shaped over the past 40 years. In this blog, I will share my thoughts and trades, as well as some of my “learning experiences.” Friedrich Nietzsche famously said “That which does not kill us makes us stronger.”
Experienced investors know that controlling one’s behavior is the most critical factor for success. This is best achieved by having a written plan that can be confidently followed regardless of market conditions.
My results improved significantly after I developed a personal investment policy statement to guide my decision-making process. This statement summarizes my investing goals, how I plan to achieve them and steps that will be taken to manage risk.
My investment policy statement worked beautifully during the market crash of March 2020. I was able to sleep well at night and did not make any panic moves. Most importantly, my attention was focused on becoming a part owner of several wonderful companies at the right price. A market crash is a wonderful opportunity for those that are prepared and have the right mindset!
One of the best ways to improve as an investor is to bounce ideas off someone you trust, a habit followed by most great investors. I started this blog to share my knowledge and sincerely look forward to receiving your constructive feedback. The Stodgy Investor is thrilled to have you join him on this exciting journey.
Latest Posts
- The Magic of Dividends is not in the Math
Dividends are magical for many investors because they promote patience and consistency in following their investment plan. People who are wired differently than dividend growth investors don’t understand this. - How to Successfully Navigate this Sneaky Bear Market
Experienced investors know that the key to successfully navigating a bear market is to carefully manage risk. Ideally, risk management is built into your regular investment process. - Four Qualities that Propel Successful Public Companies in the Long-Term
Investors want to own “high-quality” companies, but our portfolios do not always match up to this standard. In this post, I focus on four qualities found in successful companies. - How to Survive a Disastrous Quarterly Earnings Report
After a disastrous company earnings report, employ a rational approach to make your buy, hold or sell decision. - Building an Awesome Dividend Stock Portfolio with Yield and Growth
The post provides ideas on how to build an awesome dividend stock portfolio with a strong yield and dividend growth above the inflation rate.