Retiring to Maine seemed like the American Dream back then:
Today I would picture myself sipping cold brewed Starbucks in LL Bean slippers in front of the Vermont Casting gas fireplace in the sunroom. Later a little snowshoeing in the woods before a lobster Mac and cheese lunch followed by a nap in the Lazy boy recliner.
“If you just sign the payroll deduction form we can get your retirement started all with the help of American Funds”, the broker/adviser said. He made it sound so easy.
Thirty years later reality sets in. The broker is on his sail boat and I'm wondering where my yacht is. Must be docked with the other customer's yachts.
Today, I’m trying to convert a very modest assortment of American Funds into a dividend paying portfolio that will beat my RMD and supplement SS.
Enter SA and the “new achievable” American Dream. With the help of some very knowledgeable SA authors and a bit of luck we will make it and SWAN too.
In the spirit of full disclosure, we have all the goodies described in the first paragraph plus our yacht is a 12 foot Carolina skiff. It still is nice to grab a quick NCL cruise to Bermuda or a longer one to the Caribbean using some of those delicious dividends.
Building a portfolio of dividend-paying high-quality stocks to create a reliable and growing income stream starting in 2014.
For anyone starting out new on this path, I suggest reading everything written by following folks: Chowder, David Crosetti, Dividend Dynasty, Mike Nadel, David van Knapp, Robert Schwartz, Six, RichJoy, Bob Wells, and David Fish (CCC list).
Also read Single Best Investment by Lowell Miller (free pdf available using Google search), The Most Important Thing Illuminated by Howard Marks, get access to MorningStar Dividend Newsletter and ValueLine reports (both usually free at your local library).
I am a cat. I invest so I can retire early to focus on my passions of sitting around all day and chasing laser pointers. I wouldn't read too much into what I say.
Although, even a cat is smart enough to avoid Amazon with a PE (ttm) of 873.40, the 3D printing stock bubble, etc., when there are perfectly profitable multi-billion dollar companies with either reasonable price/earnings ratios or growth catalysts. I love catnip as much as the next cat, but that doesn't mean catnip is the best investment option available. That would be dog pounds.
If you aren't already, I strongly recommend following:
* BDC Buzz
* Brad Thomas
* Bret Jensen
* Chris DeMuth, Jr.
* DAG Investments
* Russ Fischer
Dividend Growth Investing:
* Chuck Carnevale
* David Fish
* Regarded Solutions
* Cam Hui
* Lance Brofman
SeekingAlpha has a wealth of information available if you're willing to do the work.
I am a retired computer scientist (HP) and am enjoying researching new medical treatments and the associated companies. I believe that carefully understanding and researching the underlying science will help understand the chance for success of clinical trials (side effects and key factors like delivery for mRNA).