Vera Nazarian once said “Not knowing your future is life’s greatest motivator”. But what if you already knew the story of your life. Would you still go ahead to elect to live them? Let’s face one fact first and foremost – i.e All of us love money, at least most of us. And dividend investing and delaying gratification will do the trick, if you already know what I am talking about. But what good if you are a millionaire only at the age of say, 40 or 50 years old. Are the delayed gratification demands of dividend growth investing worth it?
|fyi. This is not a picture of my real mum 🙂|
For now, we will divide the discussion into two different camps: One who truly enjoy the process and journey of dividend investing while the other who do not. Let’s take myself and my mum for instance. As with almost any endeavor, the process of accumulating and finding solid dividend stocks have been interesting to me. It is almost like an addictive online gaming which I had when I was younger. The steady accumulation of portfolio filled with undervalued telcos, utilities and Reits have been most partly addictive because of the savings habit which I have developed across these years – in other words, I view these purchase as part of my “clothes” or “shoes” or “handphones” shopping anyway. Fellow investors who are in this camp would agree that whenever they bought telco or Reits shares, they would feel the thrill of seeing people queueing up for days to purchase an iphone in a shopping mall. They would be thrilled even if they had to squeeze past people in a shopping mall, knowing that every profit that goes into the company will eventually go back to them in the form of dividends. In other words, they are the shareholders of the company. The boss of all bosses.
Now if you fall under the other side of the camps, perhaps like my mum, then you would feel that dividend investing is boring and slow and whatever negative there is. Nevertheless, you still do it, perhaps out of necessity. Perhaps you are the type of people who recognize the importance of retirement investing and that you have to put aside money for investment because that is the responsible thing to do. It’s like you hate brocollis but you still have to force yourself to eat it because it’s healthy. For these people, the question becomes how long do you want to delay your gratification. My mum, for instance, is not young (she is 47 this year btw) anymore. She wants to invest in undervalued dividend shares like I do (which I helped to research on her behalf along the way) but then refuses to delay her gratification for long on fear that by the time she can enjoy it, she’ll be too old to buy or do anything. So, with plenty of choices along the way, the question becomes “Delayed Gratification? Sure, why not… but how long??”