polarbear
Member
You are so right. The smart idea for retirement is dividend stocks, dividend growth stocks, and preferred value closed-end funds, such as Royce Value Trust. http://investing.money.msn.com/investments/stock-price?symbol=RVT-B (cannot reinvest). Contribute what you can on a monthly basis and as the years roll on, it will accumulate, and at some point you can turn off the DRIP's and harvest the dividends so you have an additional dependable income stream. mREIT's are OK now, but maybe not a few years from now. BDO, MLP's, esp. MLP's, check into that.
It's also smart to have a monthly target. If you reach it, great, and don't worry about what the market does until the next month. If you don't, then hunker down. No need to try to stress out more than you need to. If others are scoring while you are on the sidelines, no problem. If you are losing money, that's a problem. Avoiding that outcome is much more important than scoring more gains.
Some good div.growth stocks are JNJ, KO, PG, and MHP (the latter is slow but steady, it takes patience), and others like them.
It's also smart to have a monthly target. If you reach it, great, and don't worry about what the market does until the next month. If you don't, then hunker down. No need to try to stress out more than you need to. If others are scoring while you are on the sidelines, no problem. If you are losing money, that's a problem. Avoiding that outcome is much more important than scoring more gains.
Some good div.growth stocks are JNJ, KO, PG, and MHP (the latter is slow but steady, it takes patience), and others like them.
