TJ Terwilliger
@tj-terwilliger.bsky.social
Finance and investing. I like shareholder yield however I can get it, and no-brainers.
Find more of my writing at:
https://www.compoundingdividends.net
https://tjterwilliger.substack.com/
Find more of my writing at:
https://www.compoundingdividends.net
https://tjterwilliger.substack.com/
Dividends aren't about the income.
They're about funding the life I want to live.
• Saying no to things I don't want to do.
• Taking risks without worrying about next month's bills.
• The option to retire early, or not retire at all.
Dividends aren't the goal.
They're the tool.
They're about funding the life I want to live.
• Saying no to things I don't want to do.
• Taking risks without worrying about next month's bills.
• The option to retire early, or not retire at all.
Dividends aren't the goal.
They're the tool.
November 27, 2025 at 6:03 PM
Dividends aren't about the income.
They're about funding the life I want to live.
• Saying no to things I don't want to do.
• Taking risks without worrying about next month's bills.
• The option to retire early, or not retire at all.
Dividends aren't the goal.
They're the tool.
They're about funding the life I want to live.
• Saying no to things I don't want to do.
• Taking risks without worrying about next month's bills.
• The option to retire early, or not retire at all.
Dividends aren't the goal.
They're the tool.
Reminder:
Stocks are re-priced every second, but investing is a long-term game.
Stocks are re-priced every second, but investing is a long-term game.
November 27, 2025 at 2:03 PM
Reminder:
Stocks are re-priced every second, but investing is a long-term game.
Stocks are re-priced every second, but investing is a long-term game.
The best investments aren't always in the stock market.
Your health keeps you working longer.
Your network opens doors.
Your education sharpens your edge.
Your business builds wealth.
Your portfolio compounds it.
Invest in all of them consistently.
That's how you actually get rich.
Your health keeps you working longer.
Your network opens doors.
Your education sharpens your edge.
Your business builds wealth.
Your portfolio compounds it.
Invest in all of them consistently.
That's how you actually get rich.
November 26, 2025 at 6:00 PM
The best investments aren't always in the stock market.
Your health keeps you working longer.
Your network opens doors.
Your education sharpens your edge.
Your business builds wealth.
Your portfolio compounds it.
Invest in all of them consistently.
That's how you actually get rich.
Your health keeps you working longer.
Your network opens doors.
Your education sharpens your edge.
Your business builds wealth.
Your portfolio compounds it.
Invest in all of them consistently.
That's how you actually get rich.
Which AI models hallucinate the most?
h/t @VisualCap
h/t @VisualCap
November 26, 2025 at 2:02 PM
Which AI models hallucinate the most?
h/t @VisualCap
h/t @VisualCap
Charlie Munger's 25 Cognitive Biases
November 26, 2025 at 11:58 AM
Charlie Munger's 25 Cognitive Biases
“My only plan is to keep coming to work each day. I like to steer the boat each day rather than plan ahead way into the future.”
- Henry Singleton
- Henry Singleton
November 25, 2025 at 5:59 PM
“My only plan is to keep coming to work each day. I like to steer the boat each day rather than plan ahead way into the future.”
- Henry Singleton
- Henry Singleton
90% of investing success comes down to boring stuff nobody wants to hear:
Spend less than you earn.
Invest the difference.
Keep costs low.
Diversify.
Wait.
Spend less than you earn.
Invest the difference.
Keep costs low.
Diversify.
Wait.
November 25, 2025 at 2:00 PM
90% of investing success comes down to boring stuff nobody wants to hear:
Spend less than you earn.
Invest the difference.
Keep costs low.
Diversify.
Wait.
Spend less than you earn.
Invest the difference.
Keep costs low.
Diversify.
Wait.
What if US stocks are expensive because of basic supply and demand?
Americans' retirement assets grew from $3.3T to $44.3T (2013-2022).
Meanwhile, the number of publicly listed companies dropped from 8,000 to 4,400.
More money chasing fewer companies = higher prices.
Americans' retirement assets grew from $3.3T to $44.3T (2013-2022).
Meanwhile, the number of publicly listed companies dropped from 8,000 to 4,400.
More money chasing fewer companies = higher prices.
November 25, 2025 at 12:04 PM
What if US stocks are expensive because of basic supply and demand?
Americans' retirement assets grew from $3.3T to $44.3T (2013-2022).
Meanwhile, the number of publicly listed companies dropped from 8,000 to 4,400.
More money chasing fewer companies = higher prices.
Americans' retirement assets grew from $3.3T to $44.3T (2013-2022).
Meanwhile, the number of publicly listed companies dropped from 8,000 to 4,400.
More money chasing fewer companies = higher prices.
Watch comparing yourself to others - you'll never win that game, and you won't even have any fun!
November 24, 2025 at 6:02 PM
Watch comparing yourself to others - you'll never win that game, and you won't even have any fun!
I'll never forget the month my dividend income hit $60.
Not because it was a lot of money.
But because it covered my internet bill.
That's when everything changed.
Not because it was a lot of money.
But because it covered my internet bill.
That's when everything changed.
November 24, 2025 at 2:02 PM
I'll never forget the month my dividend income hit $60.
Not because it was a lot of money.
But because it covered my internet bill.
That's when everything changed.
Not because it was a lot of money.
But because it covered my internet bill.
That's when everything changed.
Most investors chase expensive stocks:
• They've already gone up
• They sound smart
• They feel safer
But comfort isn't a margin of safety.
• They've already gone up
• They sound smart
• They feel safer
But comfort isn't a margin of safety.
November 24, 2025 at 11:56 AM
Most investors chase expensive stocks:
• They've already gone up
• They sound smart
• They feel safer
But comfort isn't a margin of safety.
• They've already gone up
• They sound smart
• They feel safer
But comfort isn't a margin of safety.
A stock’s price is just what someone paid today.
That doesn’t make it “correct.”
Smart investors care about business value, not market mood.
That doesn’t make it “correct.”
Smart investors care about business value, not market mood.
November 23, 2025 at 6:02 PM
A stock’s price is just what someone paid today.
That doesn’t make it “correct.”
Smart investors care about business value, not market mood.
That doesn’t make it “correct.”
Smart investors care about business value, not market mood.
Compounding is slow at first.
Then it’s magic.
Wait for the magic.
Then it’s magic.
Wait for the magic.
November 23, 2025 at 2:02 PM
Compounding is slow at first.
Then it’s magic.
Wait for the magic.
Then it’s magic.
Wait for the magic.
Intrinsic value is the discounted value of all the cash that the business can give you over its life.
This means that focusing on the distributable cash—that you can actually take out—is the single most important thing in investing.
Don't let speculation or price charts distract you.
This means that focusing on the distributable cash—that you can actually take out—is the single most important thing in investing.
Don't let speculation or price charts distract you.
November 23, 2025 at 12:04 PM
Intrinsic value is the discounted value of all the cash that the business can give you over its life.
This means that focusing on the distributable cash—that you can actually take out—is the single most important thing in investing.
Don't let speculation or price charts distract you.
This means that focusing on the distributable cash—that you can actually take out—is the single most important thing in investing.
Don't let speculation or price charts distract you.
The S&P is down less than 2% in a month, yet it feels like the Great Depression in here. Most of you aren't ready for what a real bear market looks like.
7 must-see visuals to prepare your mind (and portfolio) for a true bear market, so you can buy the bottom instead of selling it 👇
7 must-see visuals to prepare your mind (and portfolio) for a true bear market, so you can buy the bottom instead of selling it 👇
November 22, 2025 at 8:57 PM
The S&P is down less than 2% in a month, yet it feels like the Great Depression in here. Most of you aren't ready for what a real bear market looks like.
7 must-see visuals to prepare your mind (and portfolio) for a true bear market, so you can buy the bottom instead of selling it 👇
7 must-see visuals to prepare your mind (and portfolio) for a true bear market, so you can buy the bottom instead of selling it 👇
Equity Research Interview Questions
November 21, 2025 at 10:27 PM
Equity Research Interview Questions
Traders VS Dividend investors RN
November 21, 2025 at 7:17 PM
Traders VS Dividend investors RN
Charlie Munger once said
Everyone is trying to be smart, I'm just trying NOT to be stupid.
Here are 10 stupid things you should avoid in investing.
Everyone is trying to be smart, I'm just trying NOT to be stupid.
Here are 10 stupid things you should avoid in investing.
November 21, 2025 at 1:31 PM
Charlie Munger once said
Everyone is trying to be smart, I'm just trying NOT to be stupid.
Here are 10 stupid things you should avoid in investing.
Everyone is trying to be smart, I'm just trying NOT to be stupid.
Here are 10 stupid things you should avoid in investing.
People see the stock market as risky.
What I see as risky:
- Having no assets
- Relying on one source of income
- Having no passive income
- Inflation eating my cash
- Trading time for money forever
What I see as risky:
- Having no assets
- Relying on one source of income
- Having no passive income
- Inflation eating my cash
- Trading time for money forever
November 20, 2025 at 10:26 PM
People see the stock market as risky.
What I see as risky:
- Having no assets
- Relying on one source of income
- Having no passive income
- Inflation eating my cash
- Trading time for money forever
What I see as risky:
- Having no assets
- Relying on one source of income
- Having no passive income
- Inflation eating my cash
- Trading time for money forever
You can work 1 (maybe 2) full-time jobs.
But you can buy unlimited stocks, rental properties, and assets.
Buy enough and you'll never need a job again.
But you can buy unlimited stocks, rental properties, and assets.
Buy enough and you'll never need a job again.
November 20, 2025 at 7:11 PM
You can work 1 (maybe 2) full-time jobs.
But you can buy unlimited stocks, rental properties, and assets.
Buy enough and you'll never need a job again.
But you can buy unlimited stocks, rental properties, and assets.
Buy enough and you'll never need a job again.
Want to be a better investor? Read more 10-Ks.
Here's what's in each section:
Here's what's in each section:
November 20, 2025 at 1:31 PM
Want to be a better investor? Read more 10-Ks.
Here's what's in each section:
Here's what's in each section:
Wealth is built by buying assets with the gap between what you earn and what you spend.
November 20, 2025 at 12:01 PM
Wealth is built by buying assets with the gap between what you earn and what you spend.
The only right way to time the market:
November 19, 2025 at 10:33 PM
The only right way to time the market:
Ever notice how market drops often create buying opportunities?
When others panic, real investors know it's just a sale.
When others panic, real investors know it's just a sale.
November 19, 2025 at 7:15 PM
Ever notice how market drops often create buying opportunities?
When others panic, real investors know it's just a sale.
When others panic, real investors know it's just a sale.