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


To: chowder who wrote (9240)6/13/2011 10:28:04 PM
From: Steve Felix  Respond to of 34328
 
Maybe you need to spring for a copy of The Single Best for each of your friends. It has a way of turning a light on.

My buddy is currently out 2.5%. I asked him how he was feeling about his account starting out. He said he only checked it a few times and it was normal fluctuation. ( something he got from Miller I'm sure ) Said he is really looking forward to automatic reinvestment, something he had never really thought about before, auto income increase with every purchase. This seemed to be one where I would do some hand holding, but I think he gets it more than I gave him credit for.



To: chowder who wrote (9240)6/13/2011 11:30:52 PM
From: JimisJim  Respond to of 34328
 
On the other side, I also get a fair amount of eye-rolling commentary from folk who follow the school of B&Hing the standard index funds and ETFs only, perhaps some large cap mutuals. I ask about divvies, none know, but quick look finds 1%-2% yields if anything. They thought a divvy growth PF was risky, but they seem just as depressed as the (bad/ave.) traders I know -- most of the good pure traders are just sitting in cash mostly and have been for some time, which is ironic.

Oddly, I have been in both positions at some point in the past 40+ years so I know how they feel, and I'm feeling better these days than they. I confess this is a novel feeling after the last little while of market action that would have had me silently moaning in the past and wanting to curl up under my desk.

Jim



To: chowder who wrote (9240)6/14/2011 7:54:10 AM
From: RetiredNow  Read Replies (2) | Respond to of 34328
 
The reason why is that compounding and investing for income is not very sexy when you are young. When you get older, income is the only thing that matters. Promises for growth of capital is a suckers game when you are older. :)