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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (3861)	2/23/2010 2:59:31 PM
From: JimisJim	Respond to of 34328

dabum: I should have clarified... I was referring to stocks to fund my retirement which will begin sometime between now and 11 years from now, depending on a variety of things... I'm 55 and am sort of semi-retired at the moment, but may end up going back to work full time if the right opportunity came along... in the meantime just doing consulting work/1099 stuff. I am transitioning from pure swing trading to income/divvy for retirement. I'm about halfway done, but still sitting on some large cap gains in a small number of swing trades (slowly bleeding the gains out) and am also sitting on 28% cash in the PF I'm converting first to divvy/income stocks. I agree absolutely that each position in my PFs are dedicated to one goal/plan. At the moment, my plan is to only have 25% or less of my combined PFs in swing trade mode and the rest in divvy, but depending on how those swing trades play out, I may close them out more aggressively... I anticipate that in retirement, I'll set aside roughly 10% of my liquid investable assets for swing trading while the rest will be in LT stuff producing income. Thanks for the reply... it appears that you would suggest I deploy that cash rather than try to nail entries for stocks on my divvy/income for retirement list. Jim

To: chowder who wrote (3861)	2/23/2010 9:22:40 PM
From: Debt Free	Read Replies (2) \| Respond to of 34328

Dabum your comment about the thread title got me thinking again about asset allocation as one gets closer to retirement. I am constantly surprised when I read that as one approaches retirement that one needs to change their asset allocation from stocks towards bonds. These comments seem to be almost universal in their line of thinking but I do not recall ever reading a single article that also dealt with the "fixed Income" aspect of Social Security. By this I mean that for myself where I will get both a pension and SSI (I am extremely blessed this way) that I will already have a large portion of my monthly income "fixed" in nature and that if I move more towards bonds as recommended by the experts that in my case, would be the wrong answer. I guess my point is that in all of the discussions about the need for dividend income, we need to keep in mind that our SSI is similar in nature to receiving dividend income. For instance, if one was to receive $1,000 per month from SSI that equates to a dollar investment in a stock yielding 4% of $300,000. In my case where I am also going to be receiving a pension, I am planning on ignoring the advice of these "experts" and do what makes sense in my situation and based on the conversations that have occurred on this thread over the last couple of months I expect that I am not alone in thinking for myself. Thanks to all for a great thread and the healthy discussions that we have been having. DF