By the way, I just retired and my interest and dividend income along with unrealized cap gains have been higher than my salary in 5 of the past 7 years so it can be done.
Scott has some kind of axe to grind. He assumes that the portfolio is invested in the S&P, but more knowledgeable investors know how to buy and manage lower-risk investments with Betas below 0.7 that have dividend yields of 4 to 7% and a nice dividend growth rate. I find it amusing that Scott blythely assumes that one cannot sell holdings if you prefer to keep the portfolio at the same level. The best thing about dividend stocks is that the investor doesn't worry about fluctuations in the stock price because the dividend will always be there.
I have a mix of quality dividend stocks, many of which have increased dividends yearly for multiple decades. I average over 6% from a low of 2.5% for a major bank to a high of 14% for a REIT. The total number of stocks is 15 and in addition to the dividends each of them is trading above what I paid for them.
So his answer to all imperfections of those strategies is to "Call me"?
By the way, I just retired and my interest and dividend income along with unrealized cap gains have been higher than my salary in 5 of the past 7 years so it can be done.
Scott has some kind of axe to grind. He assumes that the portfolio is invested in the S&P, but more knowledgeable investors know how to buy and manage lower-risk investments with Betas below 0.7 that have dividend yields of 4 to 7% and a nice dividend growth rate. I find it amusing that Scott blythely assumes that one cannot sell holdings if you prefer to keep the portfolio at the same level. The best thing about dividend stocks is that the investor doesn't worry about fluctuations in the stock price because the dividend will always be there.
I have a mix of quality dividend stocks, many of which have increased dividends yearly for multiple decades. I average over 6% from a low of 2.5% for a major bank to a high of 14% for a REIT. The total number of stocks is 15 and in addition to the dividends each of them is trading above what I paid for them.
Compounding, Missing The 8th wonder. COMPOUNDNG!I have 3% yield that is 18% yield on costs.