"Darwin was the first to use data from nature to convince people that evolution is true, and his idea of natural selection was truly novel. It testifies to his genius that the concept of natural theology, accepted by most educated Westerners before 1859, was vanquished within only a few years by a single five-hundred-page book. On the Origin of Species turned the mysteries of life's diversity from mythology into genuine science." -- Jerry Coyne
Sunday, October 12, 2014
Most people who invest in the stock market are doing it wrong.
Buying shares hoping they go up in value is called gambling. The problem with gambing is you often lose money and even worse you always have to worry about losing money.
There is another way. It's possible to invest in the stock market and never have to worry about anything. What I do is find the safest corporations that have zero chance of going out of business. The corporation has to have a nice dividend and a very long history of raising that dividend every year. When I buy shares of this corporation, I buy those shares to keep for the rest of my life. If the price goes down I don't care because I'm not in it for the capital gains. I only care about the growing dividends which i reinvest. Eventually the income from dividends makes working for a living unnecessary, and all this without having to worry.