Howdy

[fenders53]

(08-08-2021, 12:18 PM)texsubmariner Wrote: 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.

Welcome to the forum.  A couple of my high school buddies did a Navy Nuclear Sub gig and worked at our local power plant after.  Very good career move for them.  I am retired MIL as well.

Great move on the ROTH for your kids.  Find a way to put a few bucks in it for them the next few years and don't give up convincing them to feed it every year.  It's my understanding it's one of the best ways to leave money to your heirs.  Take care of yourself as well of course.  Hope you find time to post here.  We are gaining a little momentum lately.