Follow D R Barton Jr Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Every schoolchild knows the fable of "The Tortoise and the Hare" - in their famous race, the tortoise kept on at a steady plod while the speedy hare got bored and took a nap. Eventually - surprise! - the tortoise crossed the finish line first, because "slow and steady wins the race."
That fable sums up the popular divide between "traders" and "investors," too. Would you rather get in and get out with the hope of quick profits... or buy and hold, trusting that your nest egg will grow bit by bit? (The tale is biased in the tortoise's favor, but you will find plenty of hares arguing for the other side.)
The good news is... with our "10-Minute Millionaire Solar System," you can have both.
Last week, we kicked off a new series here at 10-Minute Millionaire with this video - where we discuss a "solar system" with your nest egg at the center and other profit opportunities orbiting around the outside.
Today, we're going to crack that nest egg open just a bit and take a "peep" at the profitable goodies inside...
As you know, our 10-Minute Millionaire system is based on technical analysis - within the broader market narrative, we spot chart pullbacks to extreme support levels, which then allow us to frame the trade and book sizable profits. We're not nearly as concerned with the fundamentals of these stocks (the ins and outs of their financial statements).
In other words, we're traders... and proud of it.
But to build your nest egg, you have to be able to think like an investor, too.
The goodies in your nest egg will stay there long term, hopefully for years - quietly accumulating money in the background. That means you really do have to pick companies with good fundamentals - and ones that pay generous to ample dividends.
New Report: Build Your Nest Egg Faster with These Retirement Income "Multipliers"
When a stock pays a big dividend, I'm less dependent on the market action to make money. If I've done my homework, the company behind the stock will have proven to me that through thick and thin, it will be capable and willing to cut me dividend checks quarter after quarter and year after year.
That can do wonders toward a healthy and growing nest egg.
If the company comes through as expected, I can make money while I own the stock even if the market value doesn't necessarily move up as quickly or even just stays relatively stable. By piling up the dividend cash I can profit nicely if the dividends are ample and they keep coming.
And if the price of the stock remains attractive - I can reinvest in more and more shares, building up the overall value of the position.
The key is that with great dividends, I don't have to have to rely on bigger market price actions to make ample profits.
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.