Comments on: Your Greatest Wealth Building Asset

By: Bryan

Bryan — Thu, 24 Jul 2008 22:46:00 +0000

But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.”

JM Keynes

By: Dividends4Life

Dividends4Life — Thu, 24 Jul 2008 02:16:00 +0000

All: We all may be saying the same thing, but it is just a matter of semantics. Granted, income is very important, but I did not select it as my greatest wealth building asset because if I got a million dollar raise today and died tomorrow, it would do me no good. If I were indigent and ignorant today, but would live another 70 years there is time to improve my situation.

I considered, but rejected, desire and will to succeed (similar to "us"), for the same reason. If I were the most driven person in the world, but died tomorrow, again it would do no good.

Time is the foundation. It is not a given. None of us are guaranteed tomorrow. Tools are bought and sold at our discretion. Time is a finite gift that is quickly depleting.

The message of the article is similar to the story of the tortoise and hare. You may be the best and the brightest, but if you aren't focused and use your time wisely, there is a point where your superior talents, skills and intellect will not pull you through.

Best Wishes,
D4L

By: Dividend Tree

Dividend Tree — Wed, 23 Jul 2008 13:35:00 +0000

For me the biggest asset is individual itself. The individual characteristics and thought process are assets that can be appreciating and/or depreciating. The vision and goals he/she sets out for (timeline), how he executes it (over a period of time), ability to see both sides of the coin (recognizing it’s not always good – again time!), and ability to adapt (function of time) are the tools.

Thought process of individuals like you are appreciating assets. You have a vision, a methodological approach, and an execution plan that you follow through ups and downs. And you adapt accordingly (e.g. change in NPV MMA difference threshold). I believe ‘time’ is a tool and not an asset. Everybody uses it in a different way.

By: Father Sez

Father Sez — Wed, 23 Jul 2008 03:38:00 +0000

I have to put in my vote with DGI. It's "us" who are our greatest asset. "Time" may be our best tool or at least one of the best.

But your logic and example is stellar, D4L.

Regards

By: Dividend Growth Investor

Dividend Growth Investor — Tue, 22 Jul 2008 19:29:00 +0000

Some nice stock picks D4L.
I always thought however that my greatest wealth building asset is my ability to generate income. It’s you that selects these wonderful dividend investment opportunities. If someone else was managing my portfolio, I would have been 100% invested in stocks like BSC, CFC and let’s not forget AHM..