The Reluctance To Touch Principal: Why Dividend Investors Think Like Farmers
author name submits:I had never heard of Magnolia Financial Planning Services until recently, but I can tell that I like the firm already based on the informational links that explain its wealth-building philosophy. One of my favorite passages from Magnolia's website is titled "Managing Investments Is A Lot Like Farming." Here's a look at an excerpt from it:
Managing investments is a lot like farming. In late winter and the early part of the spring when nothing is growing, the farmer begins planting seeds that will reap a harvest in the fall. We have been in a winter- like non-growing season for our economy for a few years now. But like the farmer, an investment manager plants seeds that will grow in the warmth of the spring and summer to bear fruit later.
Just like the farmer, we look at previous years for investments that have grown. This involves researching companies managementComplete Story »