Is Your Goal to Make Money or Build Wealth?

08/16/22 • 26 min

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What do you do when one of your investments has rapid success? Do you sell it for a quick gain hoping to buy it back later? Anytime you buy or sell you have to make a decision, and with every decision comes another chance of being wrong. Large jumps in stock prices are tempting, but they put investors at a crossroads. You have to decide if your goal is to make money... or to create wealth.
In this month's episode, Greg outlines the best way to execute the dividend growth strategy, and specifically, how to stay disciplined when things go well. He dives into Williams-Sonoma, a specialty retailer with a nearly flawless balance sheet that has rallied almost 45% in just a couple of months. It has proven to be a lucrative opportunity, but it poses unexpected challenges to the individual investor. Using 4 different scenarios, he walks through why selling early might put some cash in your pocket but is counteractive to building wealth.

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08/16/22 • 26 min

The Dividend Mailbox - Is Your Goal to Make Money or Build Wealth?

Transcript

0:18 Greg

This is Greg Denewiler and you are listening to another episode of The Dividend Mailbox, a podcast about dividend growth. Our goal is to stuff your mailbox full of dividend checks and make each year's check larger than the last.

0:33 Greg

Welcome to the August episode of The Dividend Mailbox. A lot has happened in the last few months, the markets have been volatile. Of course, they always are most of the time. And we've had a lot of uncertainty. Of course, for the

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