>> those of us not yet so fortunate would, I think, benefit from your collective wisdom as to how you are managing an income stream. Are you transferring your investments to bonds, etc that produce income or are you selling some of your capital?
A friend of mine attended a seminar which featured the brightest investment minds in the business. The message that came across was, if you've made your money investing in high tech and retired, pull out living expenses at the beginning of each year, but stay true to what got you there - leave your money in tech.
On January 10 of this, the first year of my retirement, I withdrew a generous annual paycheck from my portfolio, as befits a successful fund manager, and left the balance in qcom, gmst, ntap, csco, and sebl.
Bonds? No way. Why cut down the Money Tree for firewood?
uf |