05-26-2015, 09:21 AM
When I was in my 50's I worried if I would have enough money to retire. In my 60's I was concentrated on trying to build the pile, buying and selling and trying to match returns I did not understand or made much sense.
By trying other investment strategies I could never accomplish what others seemed to be able to do so easily.
It wasn't till I started concentrating on the income my investments could generate that investing made sense. It got me away from buying and selling, looking for quick gains, panic attacks when prices dropped and trying to project future price gains.
I've pushed that concept (generating income, rather than gains), especially to those with limited funds to invest or those who don't want to work at investing. Could one do better, very likely and that's a credit to their abilities.
By trying other investment strategies I could never accomplish what others seemed to be able to do so easily.
It wasn't till I started concentrating on the income my investments could generate that investing made sense. It got me away from buying and selling, looking for quick gains, panic attacks when prices dropped and trying to project future price gains.
I've pushed that concept (generating income, rather than gains), especially to those with limited funds to invest or those who don't want to work at investing. Could one do better, very likely and that's a credit to their abilities.