RE:RE:RE:Need to Quit Worrying About Short Term SwingsYou're the typical "total return" investor that thinks his way is the only way. You also seem to be the one that is the biggest worry-wart and most impatient on this board.
Anyway, there are actually other investment strategies that can work really well. My wife & I are dividend income/growth investors and are 100% invested in TSX listed dividend paying stocks. No fixed income or GICs at all.
I've been retired for 9+ years and don't have any company pension. We live entirely off our dividend income, our OAS, and my CPP. We actually don't really care about the stock price as all it affects is how big our inheritance for the kids and grandkids will be,
We never have to worry about selling/trimming anything and only sell if something really dramatic changes with one of the companies we own. We've never had a dividend cut in those 16 stocks and almost all raise their dividends each year (and I expect PPL to be back to annual increases now that Covid is in the rear view mirror)
As an aside, we actually now generate ~3x the dividend income we need to live off. We use the extra dough for adding to our existing holdings (which of course means more dividend income), giving out an annual early inheritance payment to our kids, and for an invesitng account for the grandkids.
So you can see that ohter strategies do work!!
stockmarket1 wrote: Incredible! That's a boat load of shares! I sure hope you don't have your eggs all in 1 basket! With that amount of shares you're collecting just under $14k a month. The share dropping -- let's say --- $3 and your value drops almost $200k! Wow...that's a big risk. That's why, for me, I'd prefer shares to head up over time and not just " flatline" through time. That's a fools gm and big gambler! Monthly dividends are great, no doubt, but, the shares also need to go up in time too. That's all I'm saying. Look at a 15 / 20 year chart of Manulife financial for example. It's gone nowhere except a quarterly dividend. Well, you're a suck in a 3 piece suit if one is happy with that. Thankfully I got out of that one many years ago. That's just an example. Good on u though for holding all those shares. I hope it works out for you.
Ariahp wrote: Agree with your thoughts. My problem is I own 66,574 shares and every dollar down is a eye opner. LOL
But I have been in it for the long term and plan to stay that way. Divi increase coming after the KKR full integration.
GLTA