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

To: straight life who wrote (9706)	8/1/2011 3:04:05 PM
From: chowder	1 Recommendation Respond to of 34328

I understand where you are coming from, I think. And, I'm not trying to talk you into changing. I'm just throwing thoughts back and forth. I used to be a swing trader and a pretty good one at that. I can read a chart. I understand technical analysis better than the average TA person. In 2008, when the market was heading south, I tried to use my same technical pattern set ups to short the market. Those patterns worked on the upside, I expected them work even better on the downside, and they would have ... except! ... I kept getting replys that said no shares available. ... Say what? Man, I had some nice short set ups and I couldn't get any shares assigned to me. I was ticked off. Ha! Anyway, I was talking with a couple of people I know who had just retired prior to 2008 and the market fell apart on them. It couldn't have happened at the worse time. They didn't know what they were going to do. They were taught you buy fixed income upon retirement and now fixed income was falling apart and they weren't getting any decent interest rates. This opened my eyes! I decided then that retirement income was about income replacement. I saw where blue chip companies were at 10-15 year highs with yields. I decided I would start investing in those dividend growth companies at that point, while yields were high, and allow them to compound, while I reinvested the dividends. I haven't looked back. I might miss an APPL, and I did, but APPL doesn't provide an income to their shareowners. I'm not investing in any company in the future that doesn't share the company profits with me. APPL has been a great investment for a lot of people, but you have to give up ownership to realize your profits. I don't have to give up ownership to realize profits with my companies because they share those profits with me on an ongoing basis. I get paid while I still maintain ownership. I wish I had thought of it sooner!