greg
Thinks s/he gets paid by the post
- Joined
- Jun 1, 2005
- Messages
- 1,071
Hello: My wife Martha, hereafter known as "the wife," says I can join the group if I'm nice and follow her rules. So, I'm fifty-two and retired. She made this board sound wonderful in our discussion last nite and this morning, so I'm joining as the wife's alter ego, Mr. Doom and Gloom.
Since this is primarily a how to get enough money to retire early and comfortably board, I think a money profile will describe me best: If $200,000 fell from heaven and dropped into my lap, this is how I would invest it today.
1)$50,000 in BMN, a closed end fund. This a short term target muni fund that pays about 5%--w/ monthly dividends. I would use it as a higher paying MM fund. It's filled with AAA rated bonds.
2)$50,000 in Algonquin Power Income Fund, a Canadian fund that pays a monthly dividend totaling 8%/year. It owns hydro/electric dams, manages water systems, and develops alternate fuels such as methane (my favorite gas).
3)$50,000 in AOF, another closed end fund filled with US treasuries (65%) and other sovereigns, a partial hedge against the collapse of the US$ someday and decline of the DOW.
4)$40,000 in Rydex double down funds. Nothing more to say here.
5)$10,000 for me as a finder's fee. Don't tell the wife.
Here's one of my favorite articles of the past month or so:
http://www.howestreet.com/story.php?ArticleId=1088
Since this is primarily a how to get enough money to retire early and comfortably board, I think a money profile will describe me best: If $200,000 fell from heaven and dropped into my lap, this is how I would invest it today.
1)$50,000 in BMN, a closed end fund. This a short term target muni fund that pays about 5%--w/ monthly dividends. I would use it as a higher paying MM fund. It's filled with AAA rated bonds.
2)$50,000 in Algonquin Power Income Fund, a Canadian fund that pays a monthly dividend totaling 8%/year. It owns hydro/electric dams, manages water systems, and develops alternate fuels such as methane (my favorite gas).
3)$50,000 in AOF, another closed end fund filled with US treasuries (65%) and other sovereigns, a partial hedge against the collapse of the US$ someday and decline of the DOW.
4)$40,000 in Rydex double down funds. Nothing more to say here.
5)$10,000 for me as a finder's fee. Don't tell the wife.
Here's one of my favorite articles of the past month or so:
http://www.howestreet.com/story.php?ArticleId=1088