06-01-2018, 08:19 AM
Hi all,
I'm new to the forum. My wife and I own and manage a few rental properties and we're getting a little tired of it. We will be keeping our easiest property but selling the others so I am looking for somewhere else to invest.
I am attracted to the control and cash flow from dividend stock investing and found this forum. I've read a couple books on it and get the basic concept but am having trouble figuring out if it's going to work for me exactly, due to the time needed -- but I don't really know how much time is needed to build and maintain a portfolio.
How much time do you all spend per week/month managing your portfolio? I see people have typically between 30 and 50 different positions and thinking about the time needed to stay current and all those and read all those financial statements seems like it could be pretty time consuming. I'm trying to get out of real estate because it takes too much of my time and I don't want to replace it with another thing that takes just as much time
I have little interest in spending my free time researching companies to be honest, but I do enjoy accounting and budgeting for some odd reason. Maybe I'm more of an index fund guy... don't know at this point, but would like something I can "set it and forget it" mostly.
Thanks for any feedback!
P.S. If this has already been discussed I apologize I could not find it with searching.
I'm new to the forum. My wife and I own and manage a few rental properties and we're getting a little tired of it. We will be keeping our easiest property but selling the others so I am looking for somewhere else to invest.
I am attracted to the control and cash flow from dividend stock investing and found this forum. I've read a couple books on it and get the basic concept but am having trouble figuring out if it's going to work for me exactly, due to the time needed -- but I don't really know how much time is needed to build and maintain a portfolio.
How much time do you all spend per week/month managing your portfolio? I see people have typically between 30 and 50 different positions and thinking about the time needed to stay current and all those and read all those financial statements seems like it could be pretty time consuming. I'm trying to get out of real estate because it takes too much of my time and I don't want to replace it with another thing that takes just as much time
I have little interest in spending my free time researching companies to be honest, but I do enjoy accounting and budgeting for some odd reason. Maybe I'm more of an index fund guy... don't know at this point, but would like something I can "set it and forget it" mostly.
Thanks for any feedback!
P.S. If this has already been discussed I apologize I could not find it with searching.