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Strategies & Market Trends : Young and Older Folk Portfolio
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To: SoCalGal who wrote (7778)8/9/2024 12:40:09 PM
From: chowder7 Recommendations

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The Older Folk Portfolio has a 7.05% yield. It's generating a good level of income. A similar approach puts your future income needs in effect almost immediately, and then once the income objective is achieved, the excess dividends can then go towards growthier type assets.

You do give up capital growth for now, but it comes down to whether the income objective has priority "at this time" or not.

I not only used this income first approach on the Older Folk Portfolio, but my personal portfolio as well. I can de-risk the portfolio if I wish and can now go for more quality, or I can keep it as it is and still go for more quality since the income need is more than satisfied.

I don't know if this is right for you or not, but you did ask for my thoughts and I explained how I approached that income first situation for myself and others.

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