08-08-2021, 12:18 PM
Hello everyone. I have been a passive reader of this site for a couple of years to try to learn a little about DGI investing. I am in my upper 50s and have retired from the military for about 9 years after almost 30 years of service. I joke to everyone that the military pays me well to stay away.
I really didn't have the money to really invest until recently and am looking for ideas on where to start, how much should a starting position in a stock be (minimum/maximum), and anything else that anyone feels is important for a new guy like me. While I am looking at DGI stock and expect I am way late to the game, I am also looking to be able to pass on to my children for them to continue to grow the portfolio and use the dividends to live on and/or pass to my grandchildren. I intend to re-invest the dividends as I really don't need to income at this point.
I don't have income, so I can't start a 401k or IRA, but I have started my children in a ROTH IRA this year. I do own a very, very, very small business, but I don't draw a salary from it yet. I've thought about doing so in the future so that I can open an IRA or go with someone like Betterment to open a 401K. The max I would pay myself would only be about $1,000 a month initially, but I would probably put all of it in an IRA/401K.
BTW, I'm in a similar position as Eric's parents, but may have a little more cash to invest.
Thanks in advance for any insight and patience with me.
Also, I was a nuclear power plant operator/supervisor in the military.
I really didn't have the money to really invest until recently and am looking for ideas on where to start, how much should a starting position in a stock be (minimum/maximum), and anything else that anyone feels is important for a new guy like me. While I am looking at DGI stock and expect I am way late to the game, I am also looking to be able to pass on to my children for them to continue to grow the portfolio and use the dividends to live on and/or pass to my grandchildren. I intend to re-invest the dividends as I really don't need to income at this point.
I don't have income, so I can't start a 401k or IRA, but I have started my children in a ROTH IRA this year. I do own a very, very, very small business, but I don't draw a salary from it yet. I've thought about doing so in the future so that I can open an IRA or go with someone like Betterment to open a 401K. The max I would pay myself would only be about $1,000 a month initially, but I would probably put all of it in an IRA/401K.
BTW, I'm in a similar position as Eric's parents, but may have a little more cash to invest.
Thanks in advance for any insight and patience with me.
Also, I was a nuclear power plant operator/supervisor in the military.