@Porwest
more from that month
When it comes to dividend investing, due diligence and dollar cost averaging are always more important than what the current price is or what the overall markets are doing. This actually applies to any stocks or investments. Due diligence is simply the research that allows you to best evaluate what the intrinsic value of any investment is. Trying to time the markets is almost always a recipe for disaster. Fully understanding the investment and being consistent in your approach is the best plan to have.
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Thanks for your advise my sweet friend and your so intelligent and you know everything best of luck
It's a scary time when you have most of your retirement sitting in investments. when I had somebody look at my investments they said I was doing good and keep on doing what you’re doing. it’s always easy for them to say.
The thing for me is this; overall the direction of the stock market is always up. At least historically that has always been the case. Granted, if when you decide to retire a major correction occurs, that can be problematic. But for the longer-term investor the trajectory is always and only higher than where it left off before any corrections. What I usually recommend to people nearing retirement is to begin the process of shifting investments into annuities and CDs and other things like that 1-2 years before actually retiring. But that also depends on how savvy the investor happens to be. For me, I'd likely stay in the markets regardless. But I can continuously generate income especially from things like writing covered call options contracts—so I could mitigate short term dips through my retirement. As for 'experts,' I am always suspect how much of an expert they are, especially when they are punching a time clock. lol