I am a retired guy who has a government pension and Social Security income which provide enough income to live on. I also have a small portfolio of investments and am learning about how to manage that myself. It is split between dividend generating equities and some that are speculative but don't deliver dividends. I have made some dumb moves (in hindsight) but feel that I have also learned from some of my mistakes. Recently I've been "improving" my holdings, buying higher quality equities although they don't pay as high a dividend as some of the others, but when Fidelity tells me that I am down 12 to 20% on my dividend generating positions, I don't like it and so am making changes to improve that. As I said, I am learning and one of the main things I have learned is that it is probably usually better to take the turtle approach rather than the hare.