Dividends and Think Like a Champion

The Republican Presidential nominee will be Donald J Trump which means all the books we has written or co-written will be examined closely. One of those book he wrote was Think Like a Champion published by Vanguard Press, NY, 2009. If you read the quotations and stories you can easily hear Donald Trump speaking – he uses consistent phrases. The book is the normal and time honored elements of living that all of us love to here and can likely with reflection offer your version of the advice. The headings in the chapters include: The Importance of Being a Team Player; Learning is a New Beginning; Learn to Think on Your Feet; Building Connecting Thoughts; Keep it Short, Fast and Direct: Learn from Setbacks and Mistakes; Tell People about Your Success; Keep the Big Picture in Mind; It’s Not Personal, it’s Business; Set the Standard; Go With Your Gut; Know Your Audience; Building Your Reputation and The Harder I Work, The Luckier I Get. If you were to be asked about the topics – it all likelihood you could have examples the same with Donald and the real estate group he heads. Some of his stories tend to be more high profile. (If Donald stuck to these topics, he may make a good President – unfortunately the solutions for the problems, which he understands, do not seem to match yet.

Linking to dividend paying stocks, this book offers the normal ways to life a good life and it tends to be relatively simple. Simple can mean complex because it sounds simple although at times it feels complex with the different forces upon you. The simple in investing is to use compounding. The compounding is over time money will compound upwards without you doing anything. Unfortunately, it generally takes time to generate income to make the compounding work great for you. The rule is your return divided by 9 is the number of years to double. The higher the return, the less the years and the trick is minimize the risks. If you do that you are well underway to achieving financial independence. One of the great methods in the stock market is to use the dividends as part of the total return of your investments and to make compounding work for you.

There are more questions than answers, till the next time – to raising questions.

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