I bellieve that you begin with the end in mind. That being the case, if I ultimately aim to create a growing income stream from investments in retirement why should I invest any differently now? I believe that bonds are good investments. I also believe that good is the enemy of great and therefore do not invest in bonds for anything more than a short-term holding place unitl I determine my next move. I make around 4 trades per year which are generally purchases. I do not include DRIP's as a trade as I invest in several each month regardless of price as I am seeking to build positions in these companies as I believe that they will continue to pay and grow their dividend distributions. The most exciting thing about my portfolio is being able to see how many shares my dividends bought this quarter that will pay me that much more next quarter.