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My trading habits and stocks could get me maybe another 3-5% but with risk. My minor account has some CEFs with 6-9% current dividend. The bank across the street is offering 2.2% on checking, a little bit more on passbook savings ( minimum balance, non IRA ).
In a downturn that 2.20% in interest can beat a 6-9% dividend in total return
Where were those so-called experts on 9/1/2008 who told everyone to get into cash, or even better, to short the entire market?
Market is at all time highs. It will probably go higher for another year as the economy looks good and Trump isn't going to be impeached. But why not take some chips off the table just to be sure? As I mentioned in another thread I've got half my retirement fund in government bonds. Why be greedy?
Actually I plan on pulling back somewhat over the next couple of years. Partly my allocation has worked upwards beyond what I want and partly because I am well into retirement and should back off some.
I don’t understand this, but lesstprime is not talking about dividend paying stocks right. I thought he has some sort of annuities.
Cef’s Trade like etf’s And they pay dividends not interest so they get price reductions of equal value ..they need to appreciate at least as much as the payout to have a return that equals the payout
Location: Was Midvalley Oregon; Now Eastside Seattle area
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NewbieHere. We do have GLWB annuities, trading accounts. Our trading accounts have some CEFs, stocks, and a sweep at virtually nothing in interest. We do not have CDs not high yield checking/savings accounts. I am thinking about moving some cash into passbook high yields. Not decided.
Last edited by leastprime; 05-04-2019 at 05:59 PM..
The environment is always changing ... like I said in my 32 years there has never been an instance I could say we were not expecting bad things and it looks like you should not be in
NewbieHere. We do have GLWB annuities, trading accounts. Our trading accounts have some CEFs, stocks, and a sweep at virtually nothing in interest. We do not have CDs not high yield checking/savings accounts. I am thinking about moving some cash into passbook high yields. Not decided.
Worse. Recent serious health diagnosis, want to protect my family as they may need access to the money sooner than we had thought.
First I'm very sorry you are dealing with this stress and health challenge. In your case, you have determined your investing horizon may be shorter than what you hope, which is a much different ballgame than the average investor with no adverse medical issue. That changes things.
It still is important for a plan to be determined that can and will sustain your family over the long term just in case. To that end a certified financial planner (fee only) can help identify some options so money in the shorter term will be available but also a plan for the family for the mid and long term.
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,077 posts, read 7,519,082 times
Reputation: 9798
^jmo, not a good strategy. If you want to exit, do some now or all rather than to guess what's going to happen.
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