• ABOUT – DICK YOUNG
  • YWMF – ARCHIVES

Young's World Money Forecast

Since 1978 With a 32 Year Vacation

  • DICK YOUNG
    • FROM RICHARD C. YOUNG
    • THE FINAL INTELLIGENCE REPORT
  • INVESTING STRATEGIES
    • RETIREMENT COMPOUNDERS®
    • DYNAMIC MAXIMIZERS®
    • GOLD & SILVER
  • DIVIDENDS & COMPOUNDING
    • MIRACLE OF COMPOUNDING
    • DIVIDENDS
  • GRAHAM & RUSSELL
    • BEN GRAHAM
    • RICHARD RUSSELL
  • THE DOW AND THE LEADERS
    • DOW vs. S&P 500
    • DOW vs. DOW DIVIDEND PER SHARE
  • WELLINGTON MANAGEMENT COMPANY
  • YOUR SURVIVAL GUY
  • BANK CREDIT & MONEY
  • THE PRUDENT MAN

How You Should Invest Today: Part I

August 20, 2020 By Richard Young

Charles Dow created the Dow Jones Industrial Average (DJIA) in 1896.  Originally the Dow had 12 companies:

American Cotton Oil; American Sugar; American Tobacco; Chicago Gas; Distilling & Cattle Feeding; General Electric; Laclede Gas; National Lead; North American; Tennessee Coal and Iron; U.S. Leather; U.S. Rubber

Not one of the original 12 DJIA stocks remain today as DJIA components.

That tells you the first couple of things you need to know in becoming a successful long-term investor.

First to remember, any stock average or index is not static, but is a revolving door. That is why I have never been interested in comparing my own investment record nor that of my clients against any average or index.

Second, most are either market capitalization (S&P 500) or price (Dow 30) weighted. Why would I want to consider my own investing program in comparison to two groups of stocks organized in a format that I would not dream of deploying myself?

So, where do you start? It is quite easy: Concentrate on diversification, dividends, compounding, and, above all, patience.

For something that doesn’t sound too hard, in my experience over five decades in the business of counseling investors, this seemingly easy menu is almost impossible for the individual investor to grasp.

In Part II of my series, I will help you get on just the right track to begin your journey as a comfortable and successful long-term investor.

image_printPrint Page

Related

Filed Under: Investing Strategies

RSS New From Young Research & Publishing

  • The Fed is Sacrificing Retirees to Save the Banks
  • Jim Simons’s Renaissance Technologies vs. Internet Forum Traders
  • February RAGE Gauge: Americans Focusing on What’s In Front of Them
  • Biden Plans to Spend Trillions More on COVID-19 Stimulus
  • There’s Always a Way Forward for Americans Like YOU
  • Overtaken By Nvidia, Intel Fires Bob Swan
  • Do You Remember When NASDAQ Dropped by 82%?
  • Downcast Small Business Owners Prepare for a Difficult Four Years
  • Don’t Be on Their Radar, Get Out of Debt Now
  • Business Owners Must Reassess Relationship with Big-Tech

RSS New From Your Survival Guy

  • The Fed is Sacrificing Retirees to Save the Banks
  • How Are You Doing on a Local Level?
  • February RAGE Gauge: Americans Focusing on What’s In Front of Them
  • There’s Always a Way Forward for Americans Like YOU
  • Do You Remember When NASDAQ Dropped by 82%?
  • Don’t Be on Their Radar, Get Out of Debt Now
  • H2O, Skiing, Hiding A$$ET$, Bitcoin, Ammo & More
  • Stocks: Are You Sticking Your Neck Out Too Far?
  • What Living in Two Americas Looks Like Today
  • Why Buying Bonds Matters in Times Like These

Search Our Site

Richard C. Young & Co., Ltd.

–Client Letter Sign Up–

Sign up to receive email alerts when our latest client letter is posted on our website.

Copyright © 2021 · About Dick Young · Terms & Conditions