09-15-2018, 10:12 AM
(09-13-2018, 02:56 PM)fenders53 Wrote: It will be interesting to watch. My only spec play at the moment and confined to about 1% of total port value. Win or lose it won't matter so much in the big picture. I'll learn something along the way and that may be my only gain. We'll see.1. At 56 you have many years left especially as you have pensions you can collect at 62. By 65 you'll also get SS.
2. You thought process seems off. Yes, you might want to get out of the growth stocks and into DG stocks, but I would never add FI holdings
3. Having a cash reserve is fine but you don't need a large one.
4. "that might be my only gain", again you don't seem to understand how DG works. You might not get the big gain as you might if you happened to own a great growth stock, but with DG stocks which pay and grow their dividend will see price gains in line with that growth over time.
5. When we were 65 we started consolidating our holdings till we finally had a concentrated portfolio of only 12 stocks that we felt were quality DG stocks
6. We are mid 70's, I'm 76 and we are 100% DG equities. We have no pensions, other than CPP (your SS), no bonds, ETF's, Preferreds and REIT's.
7. We monitor our Income Growth each year and are up 9.13% for this year. It's our income that matters.