Strategies & Market Trends | Dividend investing for retirement


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To: JimisJim who wrote (11480)4/11/2012 1:20:37 PM
From: deeno   of 15841
 
more importantly how much money are you talking and what percentage of his assets will that represent. Certianly If it 100% of what he has and it $1,000,000 yea 6 stocks would make me really nervous. If its $100,000 and 10% of his net worth, well pick ones that let you sleep at night and that he knows personally.

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To: JimisJim who wrote (11480)4/11/2012 1:22:21 PM
From: RumbleFish   of 15841
 
I set up my wife's portfolio for her after resisting the idea for a long time. After all, if things went wrong there the consequences could be more than financial.

But if I were setting up a portfolio for an 86-year-old I don't think I'd worry too much about dividend growth stocks. I'd concentrate on high current yield: preferreds, reits, bdcs, closed-end bond funds, etc,

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To: deeno who wrote (11481)4/11/2012 1:27:08 PM
From: JimisJim   of 15841
 
Good pts... I should ask him what his net worth is... I don't know, but I could probably guess... in terms of the stock PFs, it is about $150,000 which is about 1/3 of their investible assets -- the other 2/3 is in my mother's name and already set up pretty well in terms of income/security/safety... both parents are in mid 80s and living in a retirement community that includes LT/nursing care when/if needed -- sort of pre-paid when they bought in and moved in.

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To: RumbleFish who wrote (11482)4/11/2012 1:28:14 PM
From: JimisJim   of 15841
 
thx for the input... not familiar with the term "bdcs"?

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To: Tapcon who wrote (11479)4/11/2012 1:37:23 PM
From: Paul Kern   of 15841
 
That's an interesting chart. Is that published quarterly only?

Don't know....stumbled on it while following a link from another page, and that from a another page, and so on.

Idle hands.....

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To: JimisJim who wrote (11484)4/11/2012 1:48:20 PM
From: vireya   of 15841
 
BDCs are business development corps

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To: JimisJim who wrote (11480)4/11/2012 1:48:28 PM
From: chowder1 Recommendation   of 15841
 
Jim, I might focus a little on preferred stocks. You can get a couple of high yielding picks there.

I would also consider a utility, MLP and a REIT. You can get decent yields and have diversification there.

Additional ideas for yield are telecom and tobacco.

I know others will recommend mREIT's and BDC's (business development), but I don't invest in them. Steve has some BDC's in his online account.

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To: JimisJim who wrote (11483)4/11/2012 1:48:54 PM
From: RumbleFish   of 15841
 
Actually I think Dale Baker set up a portfolio for an older relative that was all preferreds. You might search the 50% thread for it.

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To: vireya who wrote (11486)4/11/2012 2:02:07 PM
From: JimisJim   of 15841
 
OK, gotcha, thx.../eom

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To: JimisJim who wrote (11483)4/11/2012 2:04:35 PM
From: deeno   of 15841
 
so 6 stocks of $25,000 each. Do they need the income? iow where is it coming from and what was it paying? If its CD's well you wont have to replace much maybe one high yielder replaces it all. If its a called bond that paid 6% well now your stretching. Finally just becasue they said 5 or 6 doesnt meant you cant offer 7 with a plan. once you figured out what they need, I'd have a plan to get them that.

If it were my dad, assuming he was reasonable about the income requirment of say 4%, I'd go with 10 stocks @ 15,000 each. if he says he only wants 5, I'd say "pick 5 from here" Then your mostly off the hook.

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