In this episode of "What is My Net Worth?", host Vincent Kurtis explores his financial journey and recent net worth adjustment due to a tracking error with a HELOC loan. He candidly shares his experiences with investing in dividend stocks and why he no longer pursues this strategy. Vincent recounts past investments in SFL Corporation Limited and Summit Midstream Corporation, explaining how fluctuating oil prices heavily impacted their stock performance.
Vincent reflects on the volatility of individual stocks and the importance of having a diversified portfolio. He delves into why dividend investing is not a foolproof strategy and highlights the necessity of doing due diligence before any investment. Despite the ups and downs, Vincent has his own rule of holding onto stocks until they can be sold for a 10% profit.
Join Vincent as he shares valuable insights into the financial lessons he's learned and strategies he's developing on his path forward.
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