The introduction to The Snowball Effect: Using Dividend & Interest Reinvestment to Help You Retire on Time written by Timothy McIntosh starts with a well-known quote from Warren Buffett about how to approach investing and making money in the stock market.
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”
This quote then serves as a thread throughout the book as the different parts about dividend investing are accounted for. The main theme in The Snowball Effectis how dividends should be considered by any long-term investor as a crucial part of the total returns. And, for sure, wouldn’t it be great if you knew that you’d have recurring dividends coming into to your account, certainly if the stock market were to close down for some time (hopefully it won’t).
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