I wanted to share my strategy I've used over the years....I've been investing for about 10 years now and I started with a simple process that has really paid off for me...I had about 25k to start, u can start with 1k or 100k it doesn’t matter..My thought was to use "House Money" like in a casino to live my life off of Wally wall streets dividends...What I did was slowly take my time to buy dips in blue chip companies, take for example a company like coca cola...Coke is recession proof in most cases, if we are at war, people really aren’t going to drink more or less coke based on that war or during peace time, if the stock market drops 4k in one day, the price of coke stock might drop but people will still continue to drink this sugary teeth decaying delight all over the world....so I researched the dips in stock price, looking over 1 year-2 year-5 year, whatever time period you like...then wait, buy the dip, and sit until you get that wonderful dividend check...it could be 100, 200, 300, u get the point...then u take 75% of that dividend and use it to reinvest in more blue chips, taking 25% to use for riskier stocks if that’s your interest...also if I want a new toy that costs 500 bucks, guess what I’m using to buy it? Dividend checks only! I’ve managed to buy a lot of blue chips over 10 years, have a lot of income on dividends and as long as I stick to my strategy never going off the cliff to buy that cant lose penny stock that will end up most likely at zero, I come out way ahead....HOUSE MONEY....its common sense when u look at it, but some people seem to chase homeruns in stocks when hitting a lot of singles over years wins more games....u cant look at stock investing in terms of months or even 1 year, look at it from a ten year perspective and you'll come out ahead more often....
