Everybody loves raises. In fact, it might be safe to say that everybody craves raises. When annual review time approaches most people get serious, determined, anxious, afraid, defensive, aggressive, or a whole host of other emotions. Many times this isn’t just in reaction to the idea of being evaluated or criticized – it’s in anticipation of finding out how much of a raise you might be getting. Entire career paths are plotted around the fastest way to move up the pay grade.
Would you take a job that is a sure thing for steady income with some gradual raises along the way -- or a lower-paying job with some not-so-clear chance of a big raise or bump to a much more lucrative career?
Have you ever pondered the concept of forever or infinity? It is truly mind boggling! What is even more astonishing is that when I buy a stock, my target holding period is forever. For most people, myself included, that is hard to grasp and to carry out. When things start going bad, our primal instinct of flight kicks in and we want to sell. In many cases that is the time to be buying. Owning companies that systematically raise their dividends each and every year makes it much easier to hold them through the tough times.
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