March and April are a perfect time to go to home shows for in April to May it is time to do. Shows or conventions are not necessarily there for you to buy something, although you can. It can be used to gain ideas for what you might do to improve your living space. The other day someone tried to sell me a gas furnace, my furnace is oil based. To buy a new one would mean to tear out the new one and for what return? Spending ten thousand to save a few hundred on the bill? Unless the furnace needs to be replaced what is the value? At the home show which was recently attended there were many examples of bringing your living outside, the problem is the home would need major renovations to accommodate the deck which means great ideas, little implementation.
Linking to dividend paying stocks, when we look around at our homes, we know what we wish to renovate, in my case the new furnace would be much higher than the savings, so that is not going to be done this year, but new windows? When it comes to investing, you should be aware of what you are paying for and what seems to be too expensive. If you understand what is a bargain and what is not a bargain, you will be a better investor and can say no more times. The reality is money is made when good stocks sell inexpensively and come back to trade for higher multiples. Your task is to figure out what is which and along the way earn dividends while you think.
There are more questions than answers. till the next time – to raising questions