Conventional wisdom is a byproduct of groupthink that presents solutions good enough for the average person while simultaneously not being right for any individual. You follow it at your peril. Each Monday I will challenge the investing norms that just may be holding you back from living the life you want.
Unconventional wisdom: Four options for an income investor’s next dollar
Dividends are like rewards for patience and loyalty, a tangible expression of a company’s gratitude to its shareholders.
– Peter Lynch
Two things are needed to be a successful income investor.
You must have the patience to stay the course with existing positions so income compounds over time.
You must also continually focus on the best place to…
