08-08-2021, 02:35 PM
Welcome. It's great to see new people joining.
I wouldn't worry about age too much, you still have plenty of gas left in the tank and indeed you can simply leave all the DGI goodies to your children/grandchildren when the time comes.
Regarding your future portfolio, right now the valuations are pretty high so I would start slow. I understand there is a certain amount that you want to invest, I'd consider dividing that by 12, (1 year) 18 (1.5 years) or 24 (2 years) or something similar and buying monthly. This is just so you don't push a huge chunk of your savings into the market only to see everything drop by 30% a few months later. It's always good to have some cash which you can use for investing purposes if the market happens to give you a nice discount.
I would start by just buying some of the very basic DGI companies. Something like
-25% JNJ
-25% PEP
-25% LHX
-25% whichever utility you prefer. AWR/AWK/WTRG are all solid in the water side of things, but very expensive. There are plenty of threads and a lot of knowledge here if you prefer the energy side of utilities. XLU could be worth looking at, it has all the big boys in it.
-If you feel like still buying into tech at these levels then add something like MSFT.
Main thing is to just get started with some high quality companies, the rest you will figure out with time.
I wouldn't worry about age too much, you still have plenty of gas left in the tank and indeed you can simply leave all the DGI goodies to your children/grandchildren when the time comes.
Regarding your future portfolio, right now the valuations are pretty high so I would start slow. I understand there is a certain amount that you want to invest, I'd consider dividing that by 12, (1 year) 18 (1.5 years) or 24 (2 years) or something similar and buying monthly. This is just so you don't push a huge chunk of your savings into the market only to see everything drop by 30% a few months later. It's always good to have some cash which you can use for investing purposes if the market happens to give you a nice discount.
I would start by just buying some of the very basic DGI companies. Something like
-25% JNJ
-25% PEP
-25% LHX
-25% whichever utility you prefer. AWR/AWK/WTRG are all solid in the water side of things, but very expensive. There are plenty of threads and a lot of knowledge here if you prefer the energy side of utilities. XLU could be worth looking at, it has all the big boys in it.
-If you feel like still buying into tech at these levels then add something like MSFT.
Main thing is to just get started with some high quality companies, the rest you will figure out with time.