I’m in the process of building a do-it-yourself Forever Fund of dividend paying stocks. Instead of buying the latest iPhone, drinking overpriced lattes, or throwing away my hard earned cash on a myriad of other unnecessary items, I’m investing that money in the world’s most successful companies that pay dividends and should be around for the remainder of my lifetime. I invest when the monthly close for a stock is at least at a 1 year low or more, and then plan to hold “forever” so that in the future the fund will become my son’s fund and he can do the same.
At the end of each month, I will list stocks that are at attractive investment points along with certain price characteristics associated with those stocks. I hope you’ll find it informative and helpful should you decide to create your own Forever Fund.
This will be an ongoing process. I’m not saying it’s perfect or the only way to go. But I am saying it’s a simple approach that basically forces you into the “buy low” mantra without the “sell high” ending. It’s a framework that you can choose to alter (or not) however you see fit. It’s your money after all. Patience and consistency are key. If you give it time to work, I feel certain you’ll be happy you did.
I’m in no way affiliated with the financial services industry. What you do with the information provided is your decision and yours alone. There’s my disclaimer.
Thanks for dropping in and hope to see you again.