Today is Dividend Day. The series where I teach you 5 things about dividend investing in less than 5 minutes. 1️⃣ The Millionaire Next DoorRonald Read was a janitor and gas station attendant that passed away with a dividend portfolio worth nearly $8 million. He gave:
Here were his top 10 holdings: 2️⃣ A Strange Year in StocksThe chart below compares individual investor sentiment (Bulls minus Bears) with the S&P 500’s actual returns.
This is a classic example of the market climbing a “wall of worry,” proving that stocks can perform well even when investors are fearful. 3️⃣ An Investing QuoteBuilding wealth like Ronald Read doesn’t require a finance degree, it requires a rare kind of stubbornness. Most investors sell their best stocks the moment the headlines get scary or the market dips. But Ronald Read’s edge was simply his refusal to sell. As Thomas Phelps explains in his classic book, 100 to 1 in the Stock Market: “To buy right requires vision and courage... To realize 100 for one requires patience, extraordinary tenacity—the will to hold on.” 4️⃣ Ronald Read’s StoryRead built his $8 million fortune by owning 95 different blue-chip companies and never selling them. I put together a thread breaking down his specific portfolio, his simple rules for picking stocks, and the lessons we can all learn from the world’s most famous “Millionaire Next Door.” |