04-28-2015, 12:30 PM
Welcome Paul!
Better late than never -- and 40 isn't all that late. And $1000 per month is nothing to sneeze at. You've still got 20 or 25 years to let compounding do its thing. It will feel excruciatingly slow at first, but this strategy requires patience.
Your starting list looks great. I'd say don't worry too much in the first few years on staying balanced. Put your money in whichever of those great companies is presenting the best value at the moment. For example, in my opinion, this is a poor time to be starting a position in PG. But JNJ seems fairly valued at today's prices. Unfortunately, not many bargains these days.
Anyway, glad you found us and thanks for joining up. Hope we can help you along the way!
Better late than never -- and 40 isn't all that late. And $1000 per month is nothing to sneeze at. You've still got 20 or 25 years to let compounding do its thing. It will feel excruciatingly slow at first, but this strategy requires patience.
Your starting list looks great. I'd say don't worry too much in the first few years on staying balanced. Put your money in whichever of those great companies is presenting the best value at the moment. For example, in my opinion, this is a poor time to be starting a position in PG. But JNJ seems fairly valued at today's prices. Unfortunately, not many bargains these days.
Anyway, glad you found us and thanks for joining up. Hope we can help you along the way!