haha
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Retirees Don't Need Income, They Need Spending Money - Seeking Alpha
There is a recent thread about all kinds of high income (current cash income) investments like BDCs, preferreds, REITs, etc. It got a lot of postive posts.
I look at most of these investments as only good in special situations. Like when something bad has occurred to a sub-class, and they are very cheap. I am not suggesting that this is the right way to look at them, but it has been my way (well, not BDCs!) and it has worked for many years, only one of which years did I have any other income. I now have moderate SS.
The link above essentially gives a more flexible if less catchingly named system similar to buckets. He says you don't need income, what you need is money to spend. Although this sounds like hair splitting, it isn't. It opens up many new avenues. I started investing seriously in 1974, and retired about 10 years later. Something similar to this method has always worked. I use mainly individual stocks rather than mutual funds or indexes or ETFs, unless I want to take a short or intermediate term position in some group which has been body slammed.
I think the method outlined in this article will work much better and with less risk of permanent loss for most of us moderate income people than anything more esoteric.
Ha
There is a recent thread about all kinds of high income (current cash income) investments like BDCs, preferreds, REITs, etc. It got a lot of postive posts.
I look at most of these investments as only good in special situations. Like when something bad has occurred to a sub-class, and they are very cheap. I am not suggesting that this is the right way to look at them, but it has been my way (well, not BDCs!) and it has worked for many years, only one of which years did I have any other income. I now have moderate SS.
The link above essentially gives a more flexible if less catchingly named system similar to buckets. He says you don't need income, what you need is money to spend. Although this sounds like hair splitting, it isn't. It opens up many new avenues. I started investing seriously in 1974, and retired about 10 years later. Something similar to this method has always worked. I use mainly individual stocks rather than mutual funds or indexes or ETFs, unless I want to take a short or intermediate term position in some group which has been body slammed.
I think the method outlined in this article will work much better and with less risk of permanent loss for most of us moderate income people than anything more esoteric.
Ha