All eggs in one basket - General investment advice

[locutus49]

I have a portfolio of dividend stocks (about 25) and we live off the dividends without having to sell a stock. Some are blue chip like Altria (MO), ATT (T), etc, with a few higher yielding stocks. Average return is about 6%, maybe a bit higher. I've owned most of the stocks for over 30 years.

[FSUGeoff]

Originally Posted by s2h904

In no way would I ever put my whole bankroll in the stock market much less in one stock, but right now you cannot go wrong with $AAPL(Apple).

A thousand shares will not break the bank- and just forget you bought it. I say this because I recently did the same.

I am not Warren Buffet but I think that stock is the best available for the price right now.

Take care and GLTA-Scott

I thought the same thing at $98....its going to blow when iPhone 8 hits...but some might say that hype is already priced in

[FSUGeoff]

Originally Posted by locutus49

I have a portfolio of dividend stocks (about 25) and we live off the dividends without having to sell a stock. Some are blue chip like Altria (MO), ATT (T), etc, with a few higher yielding stocks. Average return is about 6%, maybe a bit higher. I've owned most of the stocks for over 30 years.

A man of the old school, my grandpa (mentor and hero of mine) thought/lived the same way

[locutus49]

Thanks. my inspiration was Warren Buffet, whose stock is the only non-dividend stock I own.

Originally Posted by FSUGeoff

A man of the old school, my grandpa (mentor and hero of mine) thought/lived the same way

[Carrera911]

I am definitely looking towards the path of living off the dividends. I am not looking to make a jackpot in one day and cash out or anything like that. Just something I can live comfortably off. I intend on keeping a job but a passive income that will keep my simple lifestyle going would be great.

[austinp]

Originally Posted by locutus49

I have a portfolio of dividend stocks (about 25) and we live off the dividends without having to sell a stock. Some are blue chip like Altria (MO), ATT (T), etc, with a few higher yielding stocks. Average return is about 6%, maybe a bit higher. I've owned most of the stocks for over 30 years.

I am working toward this as well. Blue chip dividend stocks. Reinvest the dividend. Limit the downside. Keep the snowball growing.

Sent from my SM-G935P using Tapatalk

[Slippy Chips]

It sounds like you have a good perspective on how to aproach this. Investing is as much about attitude as it is about particular investments.

After my dad passed he left me a modest amount. Instead of blowing it all on a Cadillac or a boat I invested it and have more than tripled it thus far. I have managed it myself and in a very conservative, low-cost manner. Cutting costs are as important as returns.

With the amount of money you are talking it is worth doing some research for yourself. I read and subscribe to the Oxford Club newsletter and have found them to be incredibly helpful over the years to craft a careful, yet rewarding portfolio.

In particular, they have a portfolio called the "Gone Fishing" portfolio that is a low-cost set portfolio that you only balance once a year. You invest through your own broker, not through them. And basically you just set it and forget it. It has beaten the market every year since it was created. There is also a book about the Gone Finshing portfolio and the justification for it. I haven't read it but I also don't have 7 fingures to invest. I invest along with the advise of the Oxford Club's all star portfolio.

[Tony64]

Originally Posted by .brian.

What bank (or credit union) is this?

Yes, if there's a bank currently that's paying 2% I'd like that info as well.

[Etschell]

Originally Posted by Tony64

Yes, if there's a bank currently that's paying 2% I'd like that info as well.

Pm sent

[Carrera911]

Can I have that info as well (about the 2% bank)

[rolexgiants]

Originally Posted by austinp

I am working toward this as well. Blue chip dividend stocks. Reinvest the dividend. Limit the downside. Keep the snowball growing.

Sent from my SM-G935P using Tapatalk

Live off of dividends with principal of 1 million? I guess everything is relative. That's not a lot of money.

[Carrera911]

10% of 1 million is 100,000 per annum.

Thats a fine sum.

[corn18]

Originally Posted by jhilly8982

Take a look at https://www.bogleheads.org/

Join, ask questions. You can use specifics for amounts, what you currently have etc.

This is a forum dedicated to a hands on investment approach.

I agree with a few other posters, low fee index ETF's should prove to be great long term placement. Allocate what you are comfortable with, ie 33% US stocks, 33% In't stocks, 33% total bond fund or you can tilt stocks for not just large cap, but value or growth. Re-balancing your portfolio a couple times a year isn't rocket science either.

Either way, kudos to you for wanting to get involved. I wish more people took an active role in their financial future.

In case this got lost in the noise, please visit this site. If you don't know, it is based on John Bogle's approach to low cost investing. He is the founder of Vanguard and has over $4T AUM. It's more than just passive, low cost investing. It also involves picking an asset allocation that suits your risk tolerance and rebalancing when the markets move. Very easy to execute and as high or low risk as you choose.

You'll get all kinds of single data points that do well with most any approach. But this one suits me because I suck at picking stocks. If you want to know whether to buy a stock, find out if I own it and then short it. You will be rich. Now I own all of them, so I am hoping to be dead nuts average.

[jmiicustomz]

Originally Posted by Carrera911

Can I have that info as well (about the 2% bank)

Me too.

To know the future is to be trapped by it

[roaddog359]

Originally Posted by Carrera911

Can I have that info as well (about the 2% bank)

Same! I'll take 2%

[Kashmo1]

Originally Posted by roaddog359

Same! I'll take 2%

Please send me info as well .

[s2h904]

Originally Posted by locutus49

I have a portfolio of dividend stocks (about 25) and we live off the dividends without having to sell a stock. Some are blue chip like Altria (MO), ATT (T), etc, with a few higher yielding stocks. Average return is about 6%, maybe a bit higher. I've owned most of the stocks for over 30 years.

Same as my dad-MO/IBM among others. I like your style sir........

[Etschell]

Originally Posted by jmiicustomz

Me too.

To know the future is to be trapped by it

It is ally. It's a 5 year cd. 2 month penalty interest for breaking. 2.25 percent. Fdic insured public company formerly gmac. Hy savings is 1 percent as well.

[Etschell]

Originally Posted by roaddog359

Same! I'll take 2%

See my post below.

[Etschell]

Originally Posted by Kashmo1

Please send me info as well .

See my post below.

[BLACKHORSE 6]

Originally Posted by locutus49

I have a portfolio of dividend stocks (about 25) and we live off the dividends without having to sell a stock. Some are blue chip like Altria (MO), ATT (T), etc, with a few higher yielding stocks. Average return is about 6%, maybe a bit higher. I've owned most of the stocks for over 30 years.

This is the way to do it.