I made this video in memory of my father. He started investing young but didn’t focus on dividend reinvestment until later in his life. He retired at 51 when I was just 12 years old.
I count myself lucky to have been able to come home from school and have a parent there to greet me. It kept me out of trouble!
My dad was a Scottish Quebecer and enjoyed the fact that descendants of Scottish ancestry are 3 times more likely to be millionaires.
From a young age he taught me the basics of saving and investing. To live within one’s means and not spend more than you make. He loved compounding interest and wanted all of his kids to start investing young. (Money burned a hole in my pocket for quite a while…) Lastly, he knew the benefits of dollar cost averaging, buying more when prices were low and less when prices were high.
He was a great guy and taught me and my siblings a great deal. He would have been tickled pink to hear about Royal Bank’s 4% dividend increase today.