the beauty of income and a good book review on Million Dollar Journey

MDJ has a good book review for the Brainwashing of the American Investor ... (indeed less "out there" than his previous book review :-).

One part that stuck with me:

"Income generated from your assets is more important than their market value."

It's nothing really new if you associate that to dividend and value investing. Seeing it as black and white made me think about it more than I've been in the past though. I find that ties really well with one of my investment: Advantage Energy , avn.un (disclaimer: do your own research!). It's a really risky investment and they even manage to lose money from time to time, but I've had it for a long time and I've had annual distributions close to 18-20% and it shouldn't take long before I get my initial investment back. The rest is pure gravy from there :-) The nice thing is that with all those returns, I'm buying other stocks (typically much safer ones).
I really like having high returns that allow me to diversify my holdings without having to add any new money. Could Advantage go bankrupt or stop paying distribution completely? Probably not, but it's a risk I am ready to take in small doses :-)

That said, my main strategy is still about using ETFs ... I like dividends but I'm not ready to base my whole investment philosophy on that approach.