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As a writer whose work appears on Seeking Alpha, there are times that I forget that every day there are new visitors here, new investors, new subscribers and new readers.

With so many fabulous authors here, and so many amazing articles to read, it could be overwhelming when visiting this site for the first few times.

The purpose of this article is to re-aquaint the readers with my own retirement portfolio strategy and to introduce this strategy to our newest readers. (A group that increases daily by the way.)

My Retirement Strategy

Well first, it is always best to start as soon as we get our first regular paycheck. The sooner we begin, the easier it will become. That being said, a slew of regular folks began later in life and saved as best they could for a time that they can even think of retiring. Many have not saved at all, many have saved a modest amount, and some have saved a bunch.

The more we have obviously is better, but for my purpose here I will just discuss the average couple of normal retirement age (66) with the following commonalities:

  • A home with little or no mortgage
  • Grown children on their own
  • An average family income prior to retirement of $75,000 with both spouses having worked
  • An investable nest egg of $100,000 after a cash reserve fund of 5 years of expenses is safely tucked away to pay the bills
  • Social Security Income for both spouses
  • Medicare eligible

Bear in mind that these are the basics and once we have something close to this "package" we can embark on our journey into the world of investing.

My Investment Strategy

  • Select blue-chip, dividend paying, large-cap stocks
  • Begin with no more than 5 stocks in your core and grow from there
  • Develop a well-balanced diversified portfolio in various sectors with no overlap (we can always add more stocks later)
  • Depending on your age and whether you need the dividend income to pay bills, reinvest the dividends to automatically grow your overall portfolio value, or take the income as regular streams of income
  • Maintain your portfolio by doing as much research as you can to understand how your stocks are doing, on a regular basis

These are the basics folks, and once we understand this we can select our stocks. My suggestions for a beginning portfolio would include the following stocks; Johnson and Johnson (NYSE:JNJ), Exxon Mobil (NYSE:XOM), General Electric (NYSE:GE) Annaly Capital (NYSE:NLY), and AT&T (NYSE:T).

My Opinion

I realize that for many of my readers, this might be an elementary lesson, however for the newbies here, and for those who have never invested before, it is always a good idea to review, as well as to teach others, what we might already know.

Happy investing everyone.

Disclosure: I am long XOM, JNJ, GE, NLY, T.