Retirement Income

This category discusses investing for income. This will include ideas, tips, and strategies on how you can invest for income. While interest rates are low, investors must look outside the box to get a suitable income for their needs. Retirement income is the most pressing need for retirees, so we discuss how to pursue higher yields without increasing your risk tolerance.

Retirement Savings: How Much Do I Need To Save For Retirement?

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retirement savings

“You can be young without money, but you cannot be old without it.”   – Tennessee Williams

Imagine… you are sitting on a beach. Listening to the waves slap the sand in a rhythmic melody. It is the same soothing tune you hear each day since you left your job. As you relax in your beach chair reading a thrilling novel on this quiet stretch of sand, a horrible thought comes into your mind. Then, just as quickly as it came, you smile and go back to your reading.…

This horrible thought was that you have not saved enough for your retirement. Fortunately for you, you have prepared for retirement. You don’t need to worry about anything other than what time you are going to tee off at the golf course.

Unfortunately, this is not the case for 41% of Americans between the age 55-64 years old…

 

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Dividend Growth – Learn How This Simple Secret Can Exponentially Increase Your Returns

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Dividend growth

“Inflation is taxation without legislation”      -Milton Friedman

Regardless of what happens in the future with inflation in the US, it is important to consider how it will affect your investment portfolio. While I discussed how a hypothetical dividend stock could help you compound the growth of your family’s wealth in the first three parts of this series, I have not mentioned how the effects of inflation can eat away at this performance. This fourth article in the series will discuss both how inflation affects your investments, and how to use dividend stocks to beat inflation. This inflation beating secret could help you minimize the effects of inflation through another form of compounding or super-compounding.

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These Three Dividend Secrets Could Make You a World-Class Investor

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Ever since I was young, I was always good with numbers. I picked up new mathematical concepts very easily even though many were abstract. Once I started studying finance, and real money was involved, it became even easier to grasp many of the concepts.

Wall Street tends to embrace complex systems. Maybe because the creators of these systems think that the complexity will make it more successful, or maybe they believe that because it is complex they have found the holy grail of investing/trading. While these systems are interesting to me on an academic level, in my 15 years of working on Wall Street and studying what works, the conclusion I have reached is that simple is better.

I have seen simple investment systems, multi-million dollar trading systems which require astro-physicists and rocket scientists to run, and everything in between. With all those reference points, one thing that has become crystal clear, adding complexity does not necessarily make things better.

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Dividend Stocks – This One Secret Could Significantly Increase Your Returns with One Quick Phone Call

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In my last article, Compound Interest- the most powerful force in the universe… Maybe, I discussed the powerful secret of compound interest. This secret works well if you take advantage of the aspect of time. This secret is not for those who want “action” with their investments. People who “gamble” with their investments will find this concept difficult to successfully master. To learn more about investing vs. gambling, read my prior article, Investing is not gambling…if it is done correctly.

Using the element of time to your advantage allows your money to grow and also requires a bit of patience. We are bombarded on a daily basis with ideas, news and emotional triggers which urge us to react to them. The question you have to ask yourself is,

“Does this piece of news change anything?”

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Compound Interest – The Most Powerful Force in the Universe… Maybe

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“Compound interest is the most powerful force in the universe.” – Albert Einstein

I have heard this quote many times over the years. I, like most people, have just assumed that Albert Einstein said it since it is so widely attributed to him. However when I looked it up, I realized that it may be just another urban myth. There is no context for his quote or specific mention in writing of which he has made it.
Regardless of whether he said it or not, it is a very important concept to understand.

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