Retired at 56 in 1993. Worked for 34 years, planning on stretching my retirement out to 34 years as well. Old picture - lost 100 lbs since that was taken. Part-time investor now. 80% of our liquid assets in Roth accounts, and half of those in preferred stocks. Still get excited about some investments - latest two - Brookfield Asset Management, (and 3 of their LPs), and Newtek. Getting interested in options - slowly. Only educating myself now - when I'm comfortable I'll start paper trading. Another update - Anne and I just celebrated 61st anniversary of the day we met - I was the patient, she the nurse. Raised 8 daughters - lots of interesting times. More of the same now with 19, thus far, in the next generation.
Hi, my name is Dave. Retired Senior Manager after 35 years in Information Technology. Bachelor of Science in Mathematics, way back when. I'm managing my retirement dividend growth portfolio with an objective of higher than average current dividend yield coupled with annual dividend growth exceeding the long term rate of inflation. The goal is to use dividends to supplement my pension and Social Security income. I maintain a smaller,taxable growth oriented account to generate capital gains over the medium term to periodically refill a safe bank account for additional spending.
I started investing in 1982. I made mistakes but never the same mistake twice and avoided the bubbles while spending those years learning. I held until March 9, 2009 than took the monies held in treasuries and bought stocks at the bottom. I should be set for life unless stocks tumble back to 2009 prices. I still add to the portfolio on the dips but maintain building a buffer with quality blue chip stocks, bond income for reinvestment and portfolio balance. Other investments are a organic farm, timberland and lake shore property. My only investment strategy is "panic is my friend" and "arrogance predicts the fool". I have never gotten anything except what people didn't want or never saw the potential value in it at the time. I do not believe in 401ks. I believe they are a scam used by large investment firms to take working class people's money (~5$trillion) to manipulate the markets; an instrument used by financial advisers taking the dividend reinvestment's and capital gains and paying out 2% gains while the government perpetuates the scam by giving the investor a lousy tax break. I believe people need to take the time to learn how to invest their own money and stop blaming the government or some other reason for lack of financial success. I have never met a financial adviser I liked. I took the time to take post graduate finance college course work and got hooked on economics and finance. I have no intellectual advice to offer other than what I predict. The global economy will recover, the market will hit 21,000, global warming will become a bigger issue, oil companies will be one of the problem solvers, people will push back to protect the environment.
And jackasses are cute little animals that work very hard. Don't underestimate them.
An income investor whose goal is to generate and grow investment income for financial freedom by investing in high-yield income-producing vehicles. Income sustainability and compounding over time is my main focus.
Novice investor. Avid reader. Investing acumen increasing by Osmosis (hopefully) as result of material and comments from Seeking Alpha authors and readers. Thankful for this website and it's generally amicable and generous authors and readers.