I have tried, time and again, to find an edge when it comes to investing. I have researched strategies, back-tested, failed and failed again. The only consistent edge is time and patience. And it is extremely difficult, which is why it’s an edge. Logically, I know I can’t compete with big firms. I know it. And I have found a few small edges here and there, but they also take time and don’t scale. The only thing that scales is consistent investing in quality companies over time. It’s hard. Damn hard. I’m competing against my own psychology.
I want $1,000 a month in passive income. I have been very lucky and very fortunate to make close to that on the side outside of my normal job. But it’s still work. And investing is work. Maybe one day I’ll have enough to hire someone to manage my finances, but even then you have to keep an eye on things.
So, I suppose I say this for myself. Do whatever you need to do to maintain that edge. Whatever motivation or discipline you need to stay the course. It’s tough, but the reward – I believe – is worth it.
I’ve updated my assets and income. Somehow I crossed around $108.00 in passive income. I have already earned more in dividends this year than I did last year. And last year was explosive for my portfolio growth. Anyone following this can probably see my side income has slowed compared with last year, but the dividends help me reach the original monthly goals I set. I appreciate the habit I have created for myself and that may be the real reward.