I worked my way through school (as a cook, retail clerk, factory worker, computer support technician, waiter, counselor, corrections officer, and campus police) and earned economics & accounting degrees, plus some "certified nerd" credentials. (I was possibly the only accountant in history who was ever on a CERT/tactical team.) Became a fiscal analyst and college bursar; managed cash, card processing, receivables, and collections. Semi-retired young and became a landlord... . . . Governments are in a race to devalue their currencies. A defense is to own the tangible things that people in any country must have: natural resources & real estate.
I am 40 and would like to retire before 60. I am fortunate to work for a state government and I am vested in their pension. So, I am set when I turn 60+. Because I don't have to worry about saving for a normal retirement age, I have been able to put almost all of my savings towards the goal of early retirement, by investing in a taxable brokerage account.
I'm a long-time investor who has transitioned from 2,000+ trades a year, to a longer-term portfolio management method. I have an eclectic portfolio, as do many of you.
I blend EXTREME INCOME holdings, PLUS lower-yield dividend growth stocks in our retirement accounts (buffered by significant cash reserves). Recently I added a third leg--the weekly sale of covered calls on volatile stocks, gathering large premiums each week as the options expire (or roll them over...OR let the shares get called and start fresh the next Monday.). I often carry short positions to buffer downturns.
(I want to offer a "hat tip" to two special investors who have influenced my methods: "WmHilger1" and "GGjr", both on this site. You want to learn about Extreme Income investing, or selling covered calls on aggressive stocks? Read their posts and comments and come away a better investor.)
I want my OVERALL portfolio to grow via reinvested income; I spend some and reinvest some. I'm agnostic as to the source of the income (as long as it's reasonably sustainable).
Most of the time, I use leverage to boost returns in my taxable accounts. This has hurt at times; most of the time it has been a positive. I try to stay under 50% margin; I'll exceed that on occasion. Note my accounts are at IB, which has dirt cheap margin rates.
For Extreme Income, I like various Pimco CEF's; selected other CEF's; NLY; ORC; STON; VGR; AMZA; and others.
In my "Plus" (DGI) retirement accounts, KO, GIS, GILD, JNJ, HSY, GSK, CL and others. These have a ten-year hold, with all dividends reinvested. It's our "Private Pension" for my wife, who is younger than I am and has more accumulation time than I do.
For the final leg of my 3-legged investment stool, I sell covered calls each week to speculators who want to gamble on short-term stock price movements; I play the bank for them. Many of these options expire worthless. I'll use any stocks that work; lately energy stocks like CHK and MRO have proven fruitful. This income generation method takes more work than the others; it's worth it if done right.
August 2016 note: I believe precious metals are at the beginning of a new bull market. I've been involved in GDX since January, having bought it and sold covered calls against it. I recently added a cross-section of metals stocks to it, and hold them uncovered. Some names are PVG, IVN.to, SAND, SLW, FNV AND RGLD. The royalty companies are hugely attractive. Do your own research here; the wild swings in this sector will make your stomach churn.
Note neither the holdings nor methods are recommended for others. They work for me.
I am a computer software consultant and a University Professor. I am interested in numerical prediction and simulation of scientific phenomena, developing and studying computer algorithms and constructing computer imaging software systems.
I am at least a part-time investor with a strong interest in developing investment strategies for generating aggressive income over five to ten year time intervals. I am devoting more time and effort to investing and portfolio development.
Close to retirement age but plan to keep working for some time to come. Have invested in stock market sporadically, mostly confused and scared. It hasn't worked very well. Have a lot to learn, learn a lot from many SA folks and enjoy the sharing here.
Historically about 60% invested (minority is stocks along with a lot of "other") with 40% cash. Aiming at this stage to put more of the cash to work, and since I'm underweight in stocks/bonds, am focused there, especially but not only DGI.
Expect that I can avoid taking much if any income out for 15-20 years (except tax and the RMD), unless something unexpected happens--not a long compounding period but better than not at all.
A mere two years of investing experience, with just enough knowledge to be dangerous. My goals are conservative, but some day I'll have to sit down and have "the talk" with my moderately aggressive investment style side. Much reading, absorbing, objective processing has finally settled my portfolio down to something I can live and learn with.
So far have taken my losses graciously, but SDRL is reminding me what my poker teacher taught me long ago - "School ain't cheap." We had joy, we had fun...
Health and wealth - T