I have another passion other than dividend stocks (and my family of course!) – it is running and training for races. On another blog I write, The Running Guy, I just had to write a post about how I have dropped out of training and running in an upcoming marathon. Things were just not going well with the training and it was stressing me out.
However, not to toot my own horn, I could have easily called it a day and quite my training outright. I didn’t. Instead I readjusted my plans and have registered for the half-marathon and am now training for this distance – which is a much more manageable amount of training volume.
In investing, things like this can happen all the time – things come up in your life that requires you to adjust your go forward plans and actions. The most important thing however is not to give up completely. If you need to pull money from your investments for some emergency or another, or an investment choice you made has just dive-bombed and you lost half your money, just get over it and make your plans going forward. Dwelling on what could have been gets you nowhere and it is what you do next that is important. Continuing to save and buy those dividend stocks will get you caught up soon enough. You may not complete the full marathon, but at least you will have gotten yourself halfway there.