Why do some investors stay calm during market crashes while others panic?
Why can two people own exactly the same portfolio – yet one sleeps soundly while the other checks share prices every five minutes?
According to investor Jonathan Nurick, the difference isn’t simply experience.
It’s the feedback you’re paying attention to.
In this fascinating episode of Talking Trading, Louise Bedford sits down with Jonathan Nurick, co-founder and Chief Investment Officer of DivGro, to explore one of the most overlooked aspects of investing:
The psychology of dividends.
Rather than obsessing over the daily ups and downs of share prices, Jonathan believes investors should focus on something far more meaningful – the steady growth of company dividends.
It’s a subtle shift.
But one that could dramatically change the way you experience investing.
Louise challenges Jonathan on several controversial ideas.
Are dividend investors simply sacrificing growth?
Can traders learn anything from a dividend growth investing philosophy?
And does focusing on dividends risk ignoring businesses that are quietly deteriorating?
Together, they explore why better investing may have less to do with predicting markets – and far more to do with managing your emotional feedback.
Because sometimes…
Watching less helps you achieve more.
Key Takeaways
- Discover why constantly watching share prices can encourage poor decisions.
- Learn how dividends create a healthier psychological feedback loop.
- Understand why emotional feedback shapes long-term investing success.
- Find out whether dividend investing really sacrifices growth.
- Discover practical ways to become a calmer, more consistent investor.
Questions we discuss:
- Jonathan, you believe one of the worst things investors can do is constantly watch the value of their portfolio. Why?
- Most people open their investing app and immediately look at today’s price movement. Why do you think that’s the wrong place to focus?
- You often talk about dividends as a behavioural tool. That’s an unusual way to describe income. What do you mean?
- Here’s where I’d like to challenge you. Isn’t dividend investing simply settling for lower growth?
- Some of history’s greatest investments – for many years, Amazon, Berkshire Hathaway, even Google – paid no meaningful dividends. How does your philosophy explain those companies?
- Can traders – people who might only hold positions for weeks or months – learn anything from dividend psychology? Or is this purely an investor’s conversation?
- Tell me about an investor whose behaviour completely changed once they stopped focusing on share prices and started focusing on dividend growth.
- Can investors become too emotionally attached to dividends and ignore warning signs that a business is weakening?
- You’ve built an entire communication system around dividend growth rather than price movements. What difference has that made to your investors?
- If someone listening wanted to become a calmer investor tomorrow morning, what’s the very first habit you’d ask them to change?
About Jonathan Nurick
Jonathan Nurick is the Co-founder and Chief Investment Officer of DivGro, an Australian investment fund built around the philosophy of dividend growth investing.
He combines behavioural psychology with long-term investing, helping investors shift their attention away from daily share price fluctuations and towards the steadily growing income generated by exceptional businesses.
Jonathan believes that better investing isn’t simply about choosing outstanding companies – it’s about creating a feedback system that helps investors remain calm, patient and consistent through every market cycle.
Get in Touch with Jonathan
LinkedIn: linkedin.com/company/divgro
Website: divgro.com.au
Jonathan writes weekly emails to distil the signal from the noise. Sign up at divgro.com.au
Next Steps:
- Explore Louise’s Trading Made Simple video course, free at tradinggame.com.au, to put these principles into practice.
- For deeper insight into risk management, check out my books Trading Secrets and Charting Secrets.
About Louise Bedford
Louise Bedford has traded, taught, and written extensively about the financial markets for over 30 years. Over this time, she has built a reputation as a highly accomplished and experienced trader, educator, and author.
She co-founded The Trading Game and has gained recognition for her unique approach to teaching trading psychology and market analysis.
Louise has authored several successful trading books. In particular, her titles include Trading Secrets, Charting Secrets, The Secret of Candlestick Charting, and Investing Psychology Secrets.
Louise runs her hugely popular, repeat-for-free Mentor Program Pro online course. Through this course, she shows you how to automate your trading so you can retire early and get on with your life.
Did you know you can book a free 30-minute call with Louise to discuss your current trading strategies?
Just click the button below to take the quick survey, and then you’ll be able to choose a time to talk to Louise.
Other ways to get in touch with Louise
Facebook: https://www.facebook.com/TradingGame/
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LinkedIn: https://linkedin.com/in/louise-bedford/
Youtube: https://www.youtube.com/tradinggame
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Image by AI Google Labs
