Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
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Millionaire Status: Gone. Sleep: Unaffected.
Published about 2 months ago • 2 min read
Here's your weekly helping of interesting investing information and insights.
Opinion
March was rough. Our net worth dropped $53,000 in one month and we officially lost millionaire status.
But when you zoom out, a 5% drop that matches a 5% market selloff isn't a disaster. The market went down, we went down with it, and now everything is on sale. I'm not panicking. I'm shopping.
A down market is actually a gift if you've got time on your side. You're buying the same companies at a lower price, and when the market recovers — and it always has, over every 20-year period in history — those cheaper shares become rocket fuel. Nobody knows if that recovery takes 10 days, 10 months, or 10 years. But we keep buying either way.
Let me know if your portfolio dropped last month and what you're doing about it. I know some of you are using your portfolios for income, so I'm curious to hear about it!
What I'm Reading
Bogumil Baranowski has one of the most awesome observations for generating long-term generational wealth... Forgotten Money! He writes about it in the substack post, amongst other topics I think you'll enjoy. [Link to article]
The WSB podcast went deep on a dividend growth stock that I recently started accumulating... Kinsale Capital (KNSL). Check it out if you want more color on this great company that's much cheaper than before.
Disclaimer: This is not investment advice. Do your own research before making any investment decisions.
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Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
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