I've never understood why people advise CHANGING what has gotten them to the pot of gold....
It doesn't matter what the strategy is.... The key is that it works for the individuals needs and tastes and how he sleeps best at night.... but I don't know why - if you had a good enough portfolio to get you to retirement - that you'd suddenly dump that and go in to something else.
I've been retired damn near 25 years now... and I'm only going to be 65 this summer. I've been investing the same way for all these years and manage to do pretty damn well at making a living off it.
Dividend investing is for one reason and one reason only ---- it's so you have income to either reinvest - or income to live off of... NOT while the market is good --- but for when it SUCKS! Don't ever confuse this issue. It's the one thing that will KEEP YOU FROM LIQUIDATING your assets when everything is going to hell in a handbasket.
What you're BLENDED return looks like -- growth - dividends - stocks - real estate all has to be considered for one goal --- growth, that over time, beats inflation - and that it creates enough cash flow for you to live on. End of story.
Some investments pay 2% but have growth -- some are steady eddies and they just plod along -- they don't go up much - they also tend to not go down much either.... some are rocket ships to the moon and you just hope they don't blow up in your face.... The key is diversity in all of your investments -- not just diversity in the stock market -- and the real key is TIME --- and TOTAL RETURN..... all else is mumbo jumbo big stuff wannabe talk.
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