The time is upon us folks where the market will start testing nerves. Good news for investors who came into this game with a dividend growth investing plan…. you have nothing to worry about.
As we all know now, the age of volatility has reared its ugly head. The days of new highs set every few days may be over with. If you did like myself and started out with a dividend growth investing strategy you have nothing to worry about. If you have been investing in good companies with a long record of increasing their dividends this may be a blessing for you.
Not only will you be able to find more bargain prices on good companies but when your dividends are reinvested it will help lower your cost basis even more.
While it is great to have this strategy, it will only work if you are able to keep your composure and stick to the plan. A lot of people will find it tough to continue buying stocks in a up and down market or even one that is heading down but sticking to the plan now will lead to more success later on.
Think back to when you started investing….. was your plan to be a dividend growth investor? If so, now is the time to really put your strategy to the test. Keep your nerves and continue buying good companies to add to your portfolio. You may also choose to lower your cost basis on existing positions. Either way now is the time to get your buying in. Later on will be the time to reap the rewards!
Myself, I am going to continue to keep looking for some good deals to add to my portfolio. I am prepared to ride the market down and then all the way back up. Are you prepared to do the same?
What are your plans for the current market? Are you buying, holding or selling? I would love to hear what your moves are down in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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