I have been contributing to my 401k with a 5% company match for my entire working career. I started my Roth IRA and also 2 after tax accounts with Ameritrade and TradeKing last year and I am beginning to invest in mostly dividend paying stock and some ETFs for the long term. My goal is to invest now and have a steady income stream for when retirement comes. I have about 25 years until 60 and I do not want to count on social security to for my retirement.
I am a reformed MD, now with a finance MBA, and studying valuation independently by developing some conservative DCF models using FCF per share. You can make any investment work if you set a low enough discount rate.... that's one of the discouraging things about doing anything other than passive index investing. Forecasting isn't too accurate, those darn standard deviations are too wide. Margins of safety and alpha are rare and hard to separate from the noise.
Always encouraging shareholders to remember that they are the boss. Studied investing since I was a child. Mowed lawns as a kid to earn money to buy stocks. Business degree in finance.
I am a medical professional, but I have been studying investing for many years so that I can control my own portfolio. DGI seems to be the best way for me to invest for my retirement while being able to sleep at night.
I have also been successfully trading cash secured puts for extra income. I share my experience on my websites, Tradingcsps.com and my blog Tradingputs.com.
I am (almost) a full-time investor. In 1 year, I'll be retiring and living 100% off my dividends and passive income. My primary source of income is through Dividend Growth stocks, mostly in the Dividend Champion list. But I supplement this income with higher interest REIT's, ETF's, and P2P lending.
OK, it's now about three years after I first started lurking around SA and one year into my retirement. Thanks to getting heavily back into the market in 2009 and jumping into the world of high div and high div growth stocks (MLPs, REITs, BDCs, CEFs, and some of the 4+% big cap div growth stocks), I can afford a few speculative trades now and then.
My timing was perfect with early to mid 2009 as a major entry point for me for 90% of my portfolio. However, my speculative trades and channel trades have not worked out so well timing wise, but I keep these trades to 5-10% of the total investment portfolio.
Currently, working on techniques to minimize risks to income from investments while minimizing the time required to maintain the stocks in the portfolio. Investment income and a pension from a high-tech company are more than enough to support my wife and I at 57 and 62 years, respectively, and we've decided not to draw social security early.
I continue to think SA is one of the best avenues around for learning and sharing about investing, and encourage everyone to always do their own DD. May one day become a contributor.
Just an average investor... primarily in American equity and bonds.
(Important Note: My articles, blogs, comments, reference links and messages are not intended to be investment advisements; or to value securities. Examples and considerations are hypothetical and educational. Please consult a financial advisor before making investments in any security. Thank you for reading!)