• Dividend reinvestment over time is the sure-fire way to set yourself up for an easy financial future. Dividend Emperor will help you get rich SLOWLY. Come with us and develop an empire of dividend paying stocks which will provide an eternal passive income stream.

    Sunday, May 28, 2017

    Wizard of Lies: Dividend Thoughts

    I just finished watching the Wizard of Lies on HBO, a TV movie about the discovery of the massive Ponzi scheme perpetrated by Bernie Madoff.  I was thinking what if Bernie had taken some of the money thrown at him and just put it into some quality dividend paying stocks in the 16 or so years his fraud was running.  I'm sure the victims wouldn't have been railroaded quite to the extent they were.  If he had just put most of the money into some of the dividend aristocrats and created a portfolio of passive income, maybe the result would not have been so horrible.  Or better yet, rather than giving your money to a man who everyone believed was delivering unbelievable (and unrealistic) returns, maybe the people could have gotten into dividend paying stocks.  I know that waiting for dividend aristocrats to produce can be as fun as watching paint dry, but something that is too good to be true, usually is.  There is no fast and easy path to riches.  If something sounds too good to be true, then it is.  Passive dividend income all the way !

    2 comments:

    1. Agreed. Hindsight is 20-20, but I think people just get caught up in the emotion of things, namely greed.

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