Most hospitals have a volunteer bureau running a clothing thrift shop for the donations are free and the money goes to buying new equipment at the Hospital. Travels in the past was to go into a hospital thrift shop with a friend who knows how clothing is put together. My view is closer to do I need it? do I like the color? is the clothing in good shape? and one of the finds was a pair of shorts for $2. My friend knows how clothing is made can look through the racks and found a shirt that has extra cotton weaves to keep the high quality of the shirt for $2.00. Both of us found a wear able bargain. My savings were about $20, hers was about $100.
In investing it is very similar, when you look at the possibilities of investments you have to narrow the field in order to buy one thing or another. Continually reading and learning about what you have and what alternatives there are helps you make a decision and if it is an informed one, it is a good decision. How good only time will tell.
Linking to dividend paying stocks, investing is about narrowing the field and one method is to start with dividend paying companies. There will be a number of them but at least you will know investing in profitable firms over the long term will increase your wealth. The nice thing about dividends is while you are waiting for the increase in stock price you receive a dividend to increase your total return.
There are more questions than answers, till the next time – to raising questions.