Скачать или смотреть Ben Reynolds on The 8 Rules of Dividend Investing, Passive Income, and Dividend Growth Investing

In this episode of the Sure Investing Podcast, Ben Reynolds and I discuss his journey as an investor as well as how he developed Sure Dividend's quantitative investment strategy - The 8 Rules of Dividend Investing.

Additional topics that we discussed include:

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You can view a partial transcript of this video below. A full transcript is available here: https://www.suredividend.com/ben-reyn...

Nick: Ben I just wanted to start by thanking you for spending some time talking with us on the podcast today. I thought we could start by rewinding way back to the beginning and asking you when you first became interested in investing and what the process for that looked like?

Ben: absolutely, glad to be here. For me, I first got interested in investing in college. When I started college I didn’t have a great interest in investing, I had a bit of an aptitude for math, and I also liked psychology. But I decided not to get a psychology degree, and I started with a finance degree and in pursuing my finance degree is when I really started getting interested in investing.

Nick: when did you start pursuing investing for yourself during that time for you? Did you start buying stocks in college or did that come later?

Ben: my first investing experience was actually I talked to a financial advisor, and he recommended some mutual funds, and this was probably time wise. This was probably my first or second year in college. I talked to this financial advisor, and he said well are you high risk, low risk, or medium risk and I said I don’t know, and he said okay well we’ll do one of each and it was about a 10-minute conversation, and then he kicked me out of his office.

Nick: alright well to my understanding that is very different from how you invest today and I think it’s normal for most investors to go through an evolution over time as they learn and gain more experience in the markets.

So my question to you now I guess is this: was there ever a turning point when you realized that mutual funds weren’t the best way to invest and, more broadly, how would you say your investment philosophy has changed over time?

Ben: that was a big learning experience for me. So going back to being in college and taking a few investing courses. One investing course in particular in college really opened my eyes and got me interested in investing in general. In that course they discussed market anomalies and things like low volatility stocks have outperformed with lower volatility, and that goes against what you’d expect in a market if the theories they taught were true.

And they discussed the value effect they discussed the January effect as well which is stocks tend to outperform in January.

So there’s these all these things and I didn’t end up using all of them, but it really got me interested in ok this is there’s money to be made and investing there’s things that work better than other things and why aren’t more people taking advantage of these factors.

Because in that course the professor would say if you take advantage of the value effect. That that’s not countered in your performance like we try to measure that and make sure that you’re not rewarded for that. And my thinking was well if I had a hundred dollars and I made a ten percent return, and I have a hundred and ten dollars.

That’s better to me than if I would have made a five percent return and had one hundred five dollars at the end of it. No matter what you said like oh it’s not fair you took advantage of the value effect. I want to take advantage of that because I want to make more money, so that’s a kind of was the beginning of my process of being interested in learning about investing. And from there that evolution for me was when I started I was interested in value investing in particular deep value investing.

And slowly over time I’ve moved, I wouldn’t say away from value and that I, of course, think value is very important. But more towards a high-quality long-term perspective.