Pyramid Of Success For Dividend Growth Investing

Recently, Christine Benz of Morningstar published, "The Error-Proof Portfolio: How Do Your Financial Priorities Stack Up With Our Pyramid?" In the article, she presented an investing pyramid to suggest how to allocate your investing time and resources.

"At the bottom of the pyramid are the activities that you should spend the most time and energy on because they have the biggest impact on your results….Meanwhile, at the top are tasks that, though worthwhile, will have a smaller impact on your bottom line….It can also assist in keeping more experienced investors on the right track. After all, the more you know, the more likely you are to geek out about small matters such as whether to own a high-yield exchange-traded fund or an actively managed fund. In so doing, it's possible you'll lose sight of game-changers such as your saving and spending rates and your total asset allocation."

Source: Seeking Alpha

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