ACTION POINT
OWN AT LEAST ONE FUND OR ETF WITH GROWING DIVIDENDS
OWN AT LEAST ONE FUND OR ETF WITH GROWING DIVIDENDS
- Offer a reliable income stream
- Companies tend to have sustainable competitive advantages
- Compelling total return
- Compounding potential
Mbningstar favorites:
- T.ROWE PRICE DIVIDEND GROWTH (PRDGX)
- HARTFORD DIVIDEND AND GROWTH FUND (IHGIX)
- VANGUARD DIVIDEND APPRECIATION (VDAIX) (VIG)
CONSIDER OWNING INTERNATIONAL SMALL CAP STOCKS
CONSIDER OWNING INTERNATIONAL SMALL CAP STOCKS
- Big & diverse universe
- Operate in countries representing 75% of world GDP
- Under-owned asset class
- Multi-year period of underperforming its historical average
- Much less expensive than American counterparts
- Track record of beating Small Cap U.S. stocks with less volatility
- Source of income
- 83% pay dividends vs. 43% U.S. Small Caps pay dividends
SEEK THE ADVICE AND ANALYSIS OF INDEPENDENT THINKERS
SEEK THE ADVICE AND ANALYSIS OF INDEPENDENT THINKERS
- Best strategists and money managers are not afraid to take contrarian positions
- Sometimes really stick their necks out if research shows the market is wrong
- Work for firm that encourages independent thinking and expects challenges to conventional wisdom
OWN SOME GOLD BULLION
FOLLOW THE ADVICE OF THIS WEEK’S GUESTS AND OWN SOME GOLD BULLION
- Gold is not an investment
- It is an insurance policy against disaster
- You can own it in various forms
- The actual metal in small bars or coins
- ETFs: least expensive and most liquid form
- GLD – SPDR® Gold Shares
- – Expense ratio = 40 basis points / .40%
- IAU – iShares Gold Trust
- – Expense ratio = 25 basis points / .25%
CHOOSE AN INVESTMENT STRATEGY THAT MAKES SENSE FOR YOU AND ONE THAT YOU CAN ALSO STICK WITH
CHOOSE AN INVESTMENT STRATEGY THAT MAKES SENSE FOR YOU AND ONE THAT YOU CAN ALSO STICK WITH
- Figure out investment approach you can stick with through good markets and bad
- Choose managers who will stay with that approach consistently
- Find passive strategies that will enable you to stay invested at comfortable levels
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