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re: buy and hold?
Posted on 6/20/13 at 6:10 pm to NC_Tigah
Posted on 6/20/13 at 6:10 pm to NC_Tigah
agree NC tigah, All I can say is I had been saving and investing heavily since my first real job at 21 until last year when I had this windfall and inherited a big business from an uncle.
In 13 years I was up to close to $32k/year in annual dividends, and my goal was to reach $75k and quit working all together bc I figured $75k in income and not having to save anymore would be plenty for me. If I had been all in on say SPY that $30k/year in income would have been closer to $15k so for me and my particular goals of an early retirement, I went straight for the big dividend payers and some of those I locked in 2008/9 like altria was paying 9% then?!?!?!
Man I could only pray for a correction like that today bc I have alot more cash on the sidelines waiting.
In 13 years I was up to close to $32k/year in annual dividends, and my goal was to reach $75k and quit working all together bc I figured $75k in income and not having to save anymore would be plenty for me. If I had been all in on say SPY that $30k/year in income would have been closer to $15k so for me and my particular goals of an early retirement, I went straight for the big dividend payers and some of those I locked in 2008/9 like altria was paying 9% then?!?!?!
Man I could only pray for a correction like that today bc I have alot more cash on the sidelines waiting.
This post was edited on 6/20/13 at 6:12 pm
2
Posted on 6/20/13 at 6:12 pm to ThaBigFella
quote:
$30k/year in annual dividends
Maybe i'm just young but that doesn't seem shabby at all!
Posted on 6/20/13 at 6:26 pm to ThaBigFella
quote:Bingo!
Man I could only pray for a correction like that today bc I have alot more cash on the sidelines waiting.
I'd really like to see another 3-5% decline, to complete the thing
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