In this blog post, I’ll reveal my Top 5 reasons why you, yes you, should start blogging about your investments. I’ve become a much better investor after I started Stockles, and I want to share why.
Starting a blog has been of my best decisions. Before I could just do whatever I wanted, push the sell button, push the buy button and the only one I needed to answer to was myself.
Now that I have followers who read my thoughts and my actions, I need to behave in a totally different manner.
The power of having to explain your behavior to others is tremendous. I can’t state this enough. I urge you to find someone who follows your progress, a personal coach. It doesn’t matter if it’s your mom, friends or even anonymous people on the internet. As long as you have someone watching you, your focus will increase substantially, and a blog is a perfect way to find that someone.
The dividend income community is so welcoming, warm and kind. Everybody looks after each other by commenting, watching and following the progress of each individual. While I might be lazy at commenting from time to time, I follow my friends, and they follow me. Another reason why you start blogging!
Same with point 1, having to show your portfolio and your dividend income makes everything more serious. You can’t fool around because it’s embarrassing to make foolish mistakes that you can’t explain.
Honesty is often neglected in the finance world, but your ego is often your worst enemy. By having a blog, you can challenge your perception and actually put thoughts into words. And guess what? Nobody judges you! Actually, we all have a period where we feel like changing our strategy, just going for what’s popular, or just quitting the whole investment thing. Honesty is especially important when you commit mistakes because the only way to learn from your mistakes is to reflect on your behavior and evolve.
5. Passive Income
While blogging won’t make me rich, I’m getting a small passive income and Every Dollar Counts. I get some extra $ because I use Adtraction and Google Adsense. While it’s not much, it’s enough to cover the server fee which means this whole blog thing is only positive.
So, what are you waiting for?
Head to my blog post How To Start a Blog and become a much better investor. I promise you, it´s worth it! I highly recommend using BLUEHOST.