Posts
99
Joined
6/9/2011
Location
Cincinnati, OH
US
Edited Date/Time
1/26/2012 4:22am
I keep reading about how the dips in the stock market hurt peoples retirement portfolios, but if people were investing smartly, for dividends, the market does not matter so much.
When my total stock portfolio drops, I don't really care, I get the same dividends.
Peoples goal should be to amass enough dividend paying stocks to fund their entire retirement. That way, the market does not matter so much, and, you will never run out of money, even if you live to 110. The principal will always be there.
When my total stock portfolio drops, I don't really care, I get the same dividends.
Peoples goal should be to amass enough dividend paying stocks to fund their entire retirement. That way, the market does not matter so much, and, you will never run out of money, even if you live to 110. The principal will always be there.
Any financial planner who advises their client to forgo 100k in dividends per year for the rest of their life, is a complete fuktard.
There are many companies out there who have been paying nice dividends, never decreased dividends and have been doing it since before the great depression.
But, almost nobody under the rich invests that way, they buy the hot stock of the moment, feel rich when the stock increases in value, and then complain when the stock tanks and they lose most of their 20 or 30 year savings.
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I just know what works for me, my parents and grand parents. I see how most people end up with a miniscule retirement account and it is sad.
My whole point in the post was to get info as to why people fvck their retirements up, as that is what 90% of Americans do, not give detailed advice. I am trying to understand why so many Americans have no clue how to create a decent retirement for themselves.
Most people have to start tapping their principal directly upon retirement and that is ridiculous way to invest.
Your point in the post was to gloat about how fucking smart you think you are. Fail!
I do read info on the plight of Americans retirement savings each day.
Also, I worked at JP Morgan Transfer Agency and have analyzed at least 30,000 portfolios during my tenure there, most of which were horrible.
Not sure how I'm a snake oil salesman when I am not selling anything and have many years of experience at an investment company.
I was never a financial planner but I was an analyst for many years.
As far as you being a snake oil salesman goes, If you really did work for JP Morgan, then I rest my case.
Stable companies who sell physical products that are needed at all times, such as soap, diapers, baby food, batteries, toohpaste, toilet paper, basically consumer products, are the more stable companies to invest in. Not companies like Bear an Lehman.
I worked for Integrated Investment Services which was bought by JP Morgan. We were the transfer agency for 29 financial companies including Fidelity and Vanguard.
Ive known a few older folks (my parents and some of their friends) that thought they'd saved plenty for their retirements only to find that shortly after retirement they were dipping into their principal. A few reasons for that. One, as your saving during your working life you really have no freaking idea what the dollar is going to be worth at your retirement on in the years following. Another reason today is the horribly low interest rates. I know one older person that was just a few years ago earning like $4000.00 a year on some CD savings. Now that same person is earning like $18.00 a year on the same balance. Or so Im told.
A 100 percent dividend strategy is leaving a lot of money on the table in my opinion. Basically the money is dead except 4 times per year.
Post a reply to: Does anybody here invest for dividends?