03-14-2015, 10:58 AM
(This post was last modified: 03-14-2015, 10:59 AM by Dividend Watcher.)
(03-13-2015, 07:30 PM)hendi_alex Wrote: It is easy to have your attitude when a portfolio is small and growing. Much more difficult if close to retirement and the drop takes a $1.5M portfolio to under $1M for example.
Hardly. Try it with no pensions, the 2nd highest tax rates in the country and businesses that drop by at least 20% in each recession. If I had a portfolio of half that size I could retire today. It's all relative. You just have to plan.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan