Welcome to Snugfortune!
I am glad you made it here to know more about me.
My name is Alex. I am an early 30’s dividend growth investor living in Germany.
This blog is designed to be a public investment diary. It keeps record of my personal journey to FIRE. The long-term goal is to generate a passive income stream that one day will enable me to live from it. (more about my goals: here). This goal should be achieved by building a well-diversified portfolio of dividend growth stocks.
The first contact with stocks was in my early twenties (around 2006). Being a young student I started to develop an interest in investment topics. Most of all I was passionate about the stock market. It was an exciting time. Driven by curiosity, I’ve tried to absorb every aspect starting from behavioral finance to DCF (Discounted Cash Flow) model. The college time gave me a solid foundation and a bunch of useful tools. Ironically, however, it didn’t teach me the most important lesson: the compounding power of simply buying and holding stocks of wonderful businesses. Simple as that! Unfortunately, this finding came almost a decade later and after some painful trial and error. Luckily, not too late.
Birth of Snugfortune
My personal aha experience happened at the beginning of 2015 when I coincidentally ran into the DGI (Dividend Growth Investing) community. Although I knew about the benefits of receiving juicy dividends, the DGI concept itself was very new to me. And boy, it captivated me right from the start. The basic idea is simple: buy shares of quality businesses, collect ever-rising payouts from these companies and then reinvest it. The tiny steps, in the beginning, will convert into an impressive stream, if you let the power of compound interest work for you. This is how Warren Buffett, the most successful investor of all times, has earned nearly a two million percent return on his investors’ money. Just imagine: 10.000 USD invested in Berkshire Hathaway back in 1965, would be worth 88 million USD in 2018.
I was definitely impressed. It made “click” in my head. This is exactly what I wanted my strategy to be based on (more about my strategy: here).
Only a couple of months later I’ve opened a brokerage account and bought my first share in May 2015. I was proud as hell. Since then I committed to stick to the plan. I don’t chase to beat the market, nor do I want to find the next Google. Been there, done that. Whereas capital appreciation is reassuring, what I really focus on are increasing rewards from my holdings. One happy day they will represent my snug fortune – an income stream that I can live from.
Happy investing to you all!