I have been an investor for many years. Settled on REIT's as a retirement strategy in 2007. Since I am retired and I can spend a great deal of time tracking a considerable amount of data on current holdings and potential purchases. My focus is not on the current value of my portfolio since I do not plan on selling stock to live on. The focus is on the dividends and the number of shares I hold that pays those dividends. Even in 2008-2009, when the value of my holding dropped in half, I still had excellent dividend payouts. I made over 300 trades in 2008 and 2009 buying and selling and by the time the market started to recover in mid 2009, I had doubled the number of shares I owned. Good thing since my percent payout went from 25% in 2008 to 13.7% in 2009. Now it is running a little over 15%.
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Would you do if your were already wealthy? If you could do whatever you wanted for your career, what would you want to do?
This is what I would do. This is my self-actualiziation. There is nothing like analyzing an inefficient sector of the market and calling out the failures.
David White is a software/firmware/marketing professional and a long time investor. He has worked in the networking field, the semiconductor equipment field, the mainframe computer field, and the pharmaceutical/scientific instrumentation field. He has bachelor's degrees in bioresource sciences and biochemistry from U.C. Berkeley. He is a former Ph.D. student in biochemistry. He has done significant graduate work in EECS and business at Stanford (through SITN) and UC Santa Cruz. He was awarded a Certificate in Advanced Software Systems (about 1/3 of an MS in EECS) by the Stanford Computer Science Department. He also took most of Stanford's undergraduate Computer Science curriculum.