Baby Boomers with modest nest egg who got tired of watching our low yielding mutual funds lose money and decided to take over managing our portfolio in 2009. In 2013, after reading a number of investing books and countless articles on SA, we decided DGI gave us to best chance at meeting our goals with reasonable risk. Goals: retire by 2022 (2023 at latest) with a minimum of 12k/yr (1k/mo) in dividends to supplement pension and SS. Challenges: Modest initial capital and income (under 45k) limits Roth contributions, relatively new to investing on my own (late 2009), new to DGI (2013). Limited time and money may prevent me from reaching much past my minimum goals. 12k/yr may not be enough to make a significant enough difference depending on medical insurance costs. Strategy: DGI, take divs in cash and invest in best possible opportunity, contribute as much as possible to our Roths until retirement. Minimum IY of 3%. Try to apply Chowder rule to all new investments. I occasionally employ cash secured puts or covered calls when entering or exiting a position. Progress: Began transitioning to DGI mid-2013. Portfolio yields about 7.5k/yr as of early 2015. I have a much better grasp of what and how I can reach my goals. I had reached the 12k/yr goal in 2014, but only by using a high yielding CEF with a large portion of the portfolio. That CEF announced a 50% cut to distribution and the position was closed with a nice gain. I have since redeployed those funds into DG stocks albeit at a lower yield. Progress to 1k/mo goal: 72%
Worked for big software and financial companies for 20+ years. Investing for past 15+ years his own portfolio. Eclectic approach biased toward value investing, dividends, trend investing, CEFs, option selling and hedging at market extremes.
Quote: "It is well enough that people of our American nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
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Just an average Joe who likes to invest in the stock market. I double majored in accounting and finance, but was never lucky enough to get a job in the field. My free time is reading articles on Seeking Alpha and investing. I also like to race on road courses when time permits.
I am an independent investor, and owner of a consulting house, founded by me in 1984, specializing in USA business development for European technology based companies. My education includes a doctorate in engineering from the Massachusetts Institute of Technology.