2024-02-09 09:13:02 ET
Summary
- For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time.
- Choices about how to deploy the income generated by those instruments are personal and depend on each investor’s needs, financial means, and age.
- Living off dividends and distributions means managing one’s capital wisely, also aiming for its growth.
- For this reason, I believe that paying attention to the positive evolution over time of the securities I am interested in can help me safeguard my portfolio.
- In this article, I try to clarify some aspects regarding the philosophy behind a long-term dividend strategy.
“A Thousand Liras a Month”
“If I could only have a thousand liras a month, without exaggeration, I would be sure to find all happiness.” Launched in 1939, the hugely popular song “Mille Lire al Mese” (A Thousand Liras a Month) is a foxtrot tune with a touch of swing and a simple refrain in which the author states that he is unpretentious and can be content, symbolically summarizing the Italian petit-bourgeois philosophy of the years leading up to the outbreak of World War II.
Not that a thousand liras a month at the time represented wealth, but in that climate of economic and political crisis that would shortly lead to a tragic world war, dreaming of having modest employment, a small house in the suburbs, and a simple, pretty wife represented almost a mirage for the average Italian. This simple nursery rhyme put that mirage in black and white, quickly becoming something of an ante-litteram catchphrase....
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For further details see:
My 9% Income Portfolio-In Search For Happiness