02-22-2020, 08:43 PM
(02-22-2020, 11:40 AM)rayray Wrote: I'm not going to lie, I tell people this all the time..if you manage your own investments you better have a steel cast iron stomach when that downturn occurs.
It's not easy.
This is the number one reason I'm so focused on dividend stocks. And I'm way more focused on the dividend income than the actual value of my portfolio.
I know I'll be good since the dividend payments, even if they go down a little due to a company or two cutting their div, will keep me financially secure. My portfolio value going down 50% will not have any effect on my monthly financials. I'm not sure if I'll ever see a 50% decline, but I'm almost certain that I'll see a 30% one at some point.
If my investments would be in an index and the plan would be to sell $X amount every month to fund my life, then I'd probably be absolutely terrified at the slightest sign of a downturn.