GREY:BIXZF - Post by User
Comment by
binzer55on Aug 24, 2011 8:17pm
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Post# 18976962
RE: RE: BXI20 and crap like BXI (the stock)
RE: RE: BXI20 and crap like BXI (the stock)"The average person would need close to a million dollars of dividend stocks to be able to comfortably live off the dividends (assuming an average yearly dividend return of 5%) Also, the person should ideally have not other debt. i.e. no mortgage or car payments, etc. So yeah, if you were debt free and your million dollar investment in dividend stocks got you back $50k a year in income, you would be ok, but inflation over the years would make it more and more difficult to maintain your lifestyle."
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And your point is?
"So yeah, if you were debt free and your million dollar investment in dividend stocks got you back $50k a year in income, you would be ok, but inflation over the years would make it more and more difficult to maintain your lifestyle."
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As for inflation, that's why I own dividend stocks that will grow their dividends faster than inflation.
It seems that many need a little investment tune up.