Connolly came up with a list of reasons:
- People don't know it works
- Most don't have the discipline needed to execute the strategy
- They can't wait for the results (it takes years for yields to build)
- Yields start low
- Story stocks lead them astray
- The method is dull and boring
- They fear doing it on their own
- They don't believe they can do better than the pros
- They have been lead astray by a financial planner
2 comments:
Tom is brilliant. His strategy is elegantly simple but not easy - as you read in the Globe and Mail. He was my inspiration to go on a massive buying spree last February. It was utterly gut wrenching the first few weeks as everything dropped another 15% but as luck would have it ... well you know the rest. I'm astounded at the income outcome - Cdn banks at between 6 and 8% dividend yield - but I remain 23% cash - waiting for another buying opportunity
Patience is an issue for most investors... or as noted in your post, discipline.
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