I take comfort in knowing that the construction of my current dividend investing portfolio has performed admittedly well so far. However, it doesn't mean that it has been a smooth path constructing it these few years. In fact, I've made a fair share of mistakes over the past couple of years and I will be the first to admit that there will be more to come over the next few years. But experiencing these mistakes myself makes me a better investor, whether true or not it's still unproven.
1.) Focusing on purchase price, not valuations
I used to place a lot of focus on the purchase price I bought the stocks, irregardless of whether they are considered cheap or expensive in valuations.
When the stock advances 10-20%, I will take profits and kiss goodbye to the stocks I owned. Because I was so fixated at the percentage of ...
...
