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


To: Elroy who wrote (34141)9/9/2022 7:16:27 PM
From: maverick61  Read Replies (2) | Respond to of 34328
 
this is not the time for higher risk or speculative plays
UAN is not a speculative high risk investment.
You asked my what my one great stock idea was.

You are missing the point in my answer. I think it is foolhardy for anyone to put a large % of their assets in one stock idea. You may feel otherwise which is your right.

But I believe in diversification - I probably own 100 or so different issues which I am sure is far different than you. So I have no need to pump any of my holdings. they all serve a purpose.

And to me this is not the time for higher risk or speculative plays.

Now you argue UAN is not higher risk, but it falls under my higher risk category. You can't make a blanket statement UAN is low risk. It may be from your perspective but from a lot of other people's perspective it is not. Everyone has different risk tolerance levels.

I am at the point in my portfolio and life where i want to sleep well at night, generate 6 figure income from dividends and interest and never have to draw down on my principal. I've achieved that. I have no need to put a large chunk of my portfolio in one single higher risk stock

I am obviously not going to change your mind about UAN nor do I want to. But I am trying to provide balance here to others given how often you pump UAN on different threads.

Good luck with your stock