Post by
NobleHouse on May 28, 2024 8:41pm
Reddeer
Yes , it is for so e reason apparent that some people have a problem contemplating compounding dividends or for Khersons sensibilities distributions over time..I like your spreadsheet although that timeframe is probably unattainable for us , but not for young people starting out in the investing world.That , l think is the great problem , this generation want everything now if not today.Patience is a virtue they all or most seem to lack. For example , l have some neices that have told me that the first house they purchase , what a dream , must have 4 bedrooms 3 baths , preferably a pool and a two car heated garage..Like your Dad , my first house was 900 square feet , my second 1180 square feet , my third a whole lot bigger , but it seems , some seem to think they are entitled to now what took us a long time to achieve , and more important , pay for.Your statements regarding dividends are as far as l am concerned , engraved in stone.We have one poster who bets it all on losers and only the Oil sector and has less than 5% of what he had years ago , and another who is completely blind to the compounding of divs reinvested over time.Yex ,for sure it is not an overnight success but it is more reliable than pie in the sky investing and ignoring the value of those divs over a period of decades.