This was a good thread. This is a very good forum. I really like that everyone is open minded enough to discuss opposing views. No one is here trying to "win the internet"
Randomly from Kerims post..........
-I've had time to think about my last post and it wouldn't be so terrible if I can't live strictly off dividends. It also wouldn't be so terrible if I don't achieve $100K annual income in retirement either (including some pensions so don't start thinking my DGI port is $3M lol). It wouldn't hurt me to work part-time a few extra years either. This is nothing to obsess about until retirement time.
-We'll have to talk about this Chowder rule sometime. I'll have to plead ignorance of it.
-I've never owned an extravagant auto, though I have owned some new cars and trucks. I told myself if I bought many I'd be working years longer. I wouldn't be any happier in a $50K+ car. No judgement of anyone that would be though.
-When it gets true retirement time, I think I'll own about 12 of the very highest quality stocks. Add a few high div sector ETFs I really believe in like healthcare or real estate.. I am fooling myself if I believe I can truly understand the business of every single sector, and how the macros like inverted yield curves truly affect them. Doesn't mean I haven't invested in stocks I didn't understand well enough, I surely have, but when they got hurt I sometimes didn't see it coming because I wasn't informed enough. I keep getting bit by oil, even though I think I know what drives those stocks. You could interpret what I said as supportive of Otter's "too damn many stocks plan, but I can live with that". His idea isn't completely crazy lol.
I doubt anyone has ever went broke attempting to own 100 good DGI stocks.
Randomly from Kerims post..........
-I've had time to think about my last post and it wouldn't be so terrible if I can't live strictly off dividends. It also wouldn't be so terrible if I don't achieve $100K annual income in retirement either (including some pensions so don't start thinking my DGI port is $3M lol). It wouldn't hurt me to work part-time a few extra years either. This is nothing to obsess about until retirement time.
-We'll have to talk about this Chowder rule sometime. I'll have to plead ignorance of it.
-I've never owned an extravagant auto, though I have owned some new cars and trucks. I told myself if I bought many I'd be working years longer. I wouldn't be any happier in a $50K+ car. No judgement of anyone that would be though.
-When it gets true retirement time, I think I'll own about 12 of the very highest quality stocks. Add a few high div sector ETFs I really believe in like healthcare or real estate.. I am fooling myself if I believe I can truly understand the business of every single sector, and how the macros like inverted yield curves truly affect them. Doesn't mean I haven't invested in stocks I didn't understand well enough, I surely have, but when they got hurt I sometimes didn't see it coming because I wasn't informed enough. I keep getting bit by oil, even though I think I know what drives those stocks. You could interpret what I said as supportive of Otter's "too damn many stocks plan, but I can live with that". His idea isn't completely crazy lol.
I doubt anyone has ever went broke attempting to own 100 good DGI stocks.