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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 2021 (2023 at latest) with a minimum of 12k/yr (1k/mo) in dividends to supplement pension and SS.
Progress to 1k/mo goal: 72% as of 1Jul2015
Challenges: Modest initial capital and income (well under 50k) 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: Switched 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 am in the process of redeploying those funds into DG stocks.
Dividend stock ideas & income, REITs, Retirement savings, Stocks - long
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