Investing means finding stocks that go up and then selling them.
Your broker thinks so.
So does your financial advisor.
Your neighbor says so.
You assumed so . . .
The Dow Jones Industrial Average imploded from just over 14,000 in October 2007 to 6,500 in March 2009, and is still far below that October 07 peak.
Therefore, many retirees and near retirees are now free-falling with a parachute only half as big. With the market prices of their stocks down, seniors have to sell more shares to pay their bills.
Leaving them with fewer shares they can sell next time they have to raise cash for an emergency.
No wonder they feel sick to their stomachs when they receive their brokerage, IRA, 401(k) and mutual fund statements.
It's likely many people you know are now wondering whether they'll ever take that special cruise, give great presents to their grandchildren or receive the best medical care if they suffer a prolonged illness.
Chances are, nobody told them this could happen. They simply followed the mainstream advice to load their 401(k) plans, IRAs and mutual funds up with "growth stocks" to sell many years later at a huge profit.
Despite following the conventional financial wisdom, many senior citizens are now asking what happened to that worry-free fun and relaxation they promised themselves after a long career of hard work.
Many people in their fifties and early sixties are wondering when -- or even if -- they'll be able to retire.
Many today wonder whether they'll be able to leave an estate to their families or a legacy to their favorite charity.
The more you learn about the stock market, the more you understand basing your retirement on continuous stock market price rises is like building a house on the edge of a steep dirt cliff. Sooner or later, a hard rain will fall.
Serious investors who would never day trade, buy and sell penny stocks or splurge on Internet chat room stock tips . . .
. . . failed to understand that buying stocks and bonds in hopes of later selling at a higher price is an intrinsically risky form of gambling no matter how long in the future that "later" is. A 10-year "retirement trade" is not more virtuous or safer than a 10-minute day trade -- it just takes a lot longer.
Clearly, you'd have more fun if you took your retirement fund to Vegas.
"On the Right Track"
"Rick Stooker is on the right track. We also intend to pursue a more income-oriented strategy in the years to come. Capital gains are subject to both the risk of a decline in economic fundamentals and a deterioration in market psychology. High-quality dividends and income are subject only to the former, and that makes a big difference in modeling your portfolio returns in retirement."
Charles Lewis Sizemore, CFA
Senior Analyst, HS Dent Investment Management, LLC
Look, I'm just another guy who has to go to work every day to pay his bills. I've spent years studying investing, hoping to find a way to "get rich quick."
I tried everything you could name, and then some -- options, growth stocks, commodities, gold, silver, index funds.
I've bought no-name stocks and seen them triple in price in one day for no reason I could figure out. I've bought "bottom feeder" stocks for under one penny and discovered there's always a smaller infinitesimal fraction of a cent they can sink down to. I've sold covered calls and learned the underlying stock price can drop by half while waiting to sell another call. (Book authors told me not to buy stocks that would go down . . . guess I just refused to listen.)
In the summer of 1998 I discovered a way to trade U.S. Treasury bond options with a 90% chance of success. Just to make sure I lost money, the world's entire financial system almost melted down.
Oh well . . . I didn't do as badly as Russian stock owners or the wealthy people who entrusted their funds to the Nobel prize winners and super trader at the Long-Term Capital Management hedge fund.
I did fail to get rich, quick or slow. Yet one day I had a revelation -- one of those "things I learned in kindergarten but didn't think they applied in adult life" insights.
You can't have your cake and eat it too!
When you buy stocks for growth, you can't put actual, spendable cash back into your pocket until you sell the stock.
And then you can't participate in its future growth. Plus, you have to share your profit (if any!) with the government, by paying capital gains taxes.
Which is why honest investment advisors such as Warren Buffett advise you to never sell.
But if you never sell growth stocks, you never put any cash back into your pocket.
Sure, receiving a brokerage statement with a six or seven figure total balance FEELS good . . . that, and $6.95, will buy you a cappuccino at Starbucks.
If investing for capital gains is risky and pointless -- obviously, investing for income is the logical alternative.
So I began learning all I could about investing for income. I discovered many income investments I'd never even heard of -- some of them paying out terrific yields.
One day after I began my research, I was helping my mother organize her paperwork and she showed me the original notebook where Grandpa wrote down the stocks he bought for her with the life insurance money from my father's death.
As I looked through it, I wanted to slap myself! The secret to successful investing had been under my nose all along . . .
In 1955 my Grandpa put together a top-notch income portfolio for my mother!
Thanks to him, while growing up my sister Nancy and I had food to eat and clothes to wear.
All I had to do was follow his lead, update it for the modern financial world, and organize it into a system anyone can easily follow.
Chances are, at some point in your life you have seen your portfolio grow. Maybe you have sold stocks at a profit, and it felt good. People who put money into Dot Com stocks during the 1990s may have made a lot of money -- if lucky enough to sell before the crash.
Wall Street wants customers to keep buying and selling so they keep raking in commissions and fees. They know that trading makes clients losers.
The more frequently people buy and sell, the more they lose.
That's been proven over and over again by studies of actual brokerage records.
Yet brokers (who make a commission when stocks are sold), financial advisors (who make big bucks off their customers), and the talking heads on TV (if people didn't care whether the market was up or down they wouldn't bother to watch those financial shows) all encourage their clients to buy and sell investments for growth.
(By the way -- "value" or contrarian investing is just another way of picking stocks somebody hopes will grow more quickly than the overall market.)
Mutual fund managers make millions just by claiming they're better stock pickers than the rest of us.
The truth is, their track records -- documented by hundreds of academic studies -- are worse than throwing darts at a newspaper.
The market is too efficient -- just too unpredictable -- to beat.
Remember -- none of these experts on giving financial advice saw the current market crash in their crystal balls!
Warren Buffett is considered the top picker of growth stocks, but the record shows he likes cash-rich businesses such as insurance companies (Geico) and companies that pay dividends (Coca-Cola).
Clearly, the big shots know "Cash is King."
"If you're not going to sell a stock, what happens to its price is a matter of indifference."
-- Peter L. Bernstein AGAINST THE GODS: The Story of Risk
I didn't know it then, but I started learning these investment secrets when I was only two years old . . .
. . . Ike was President back when my grandfather, an accountant for Ralston-Purina, helped his newly widowed daughter invest the life insurance money she'd received from my father's death in an automobile accident.
Knowing the future of his daughter and two grandchildren were at stake, Grandpa used a simple, common-sense -- to him -- approach.
Today, most investors, brokers, financial advisors and investment writers have now forgotten (or deliberately ignore) it.
See, although my grandfather did collect Social Security, he was born and raised long before it existed. People back then invested for income, because the government didn't send them monthly checks after they retired.
When they bought stocks and bonds, they held on to them -- so they could collect dividend and interest checks for the rest of their lives. That's what they depended on to pay bills and eat.
They didn't buy and sell, buy and sell, buy and sell in a crazy attempt to beat the market. Whether cigar-smoking capitalists or threadbare widows, they made the cardinal rule of investing the protection of capital.
That's the background my grandfather had when he invested for my mother.
People in the past spent income when they had to, sure. But they knew if they sold their stocks and bonds, they were like a farmer eating his seed corn. Or the fairy tale couple who killed the goose that laid the golden eggs.
Previous generations knew that if they ate their "cake," it was gone.
Eating cake? -- enjoy.
Seed corn? -- never!
I hope my mother's wrong about that . . . and chances are, you too are more concerned about the immediate future than 20 years from now.
You probably want immediate results from your savings -- either extra spending money or an increase in your portfolio through reinvesting that income.
The official Wall Street line is this: companies that don't pay dividends use that cash to grow their businesses, so their stock prices will go up farther and faster than stodgy, boring dull companies that actually treat their shareholders as partners in the success of their business.
That's actually a logical theory -- but real life results tell a different story.
Arnott and Arness studied the relationship between dividend payouts and corporate prices for the years 1871 to 2001 and reported on their results in FINANCIAL ANALYSTS JOURNAL. They found corporate profits rose fastest in decades following the highest dividend payouts, and were lowest in the years following the lowest dividend payouts.
Besides, most of any company's stock performance depends on the overall market, not on the company's individual business results. A bear market such as now drags all stocks down with it. The best companies don't go down as much as the market, but they go down more than their financial statements justify.
So much for the "keeping cash makes a company grow faster" argument.
"Companies that don't pay dividends have a sorry history of blowing the money on a string of stupid diversifications."
-- Peter Lynch, Manager of the Fidelity Magellan Fund 1977-1990
The historical record shows dividend-paying companies are the best long-term investments. Growth stocks are only better during manias such as the late 1990s, and then only if you sell out before the bubble bursts.
From 2000-2002, the S&P 500 stocks that didn't pay dividends fell 33.19%. S&P 500 stocks that paid dividends ROSE 10.4%. That 3-year bear market just SLOWED the dividend paying stocks. And don't forget, those shareholders still received their quarterly dividend checks!
Since 1926, dividends have made up 42% of the total return of the S&P 500. If you invested $1000 in the S&P 500 in 1926 and reinvested dividends, you'd now have $3,326,000. But if you didn't reinvest dividends, you'd have only a measly $117,590. That means the S&P 500 stocks that didn't pay any dividends had pretty punk "growth" compared to reinvesting in the companies that did pay dividends.
Just because you can't reinvest dividends if the company doesn't pay any.
"From 1871 to 2003 97 percent of the total after-inflation accumulation from stocks comes from reinvesting dividends. Only 3 percent comes from capital gains."
-- Dr. Jeremy Siegel THE FUTURE FOR INVESTORS
The Mergent large cap index of dividend paying stocks outperformed the S&P 500 from 1993 to 2002 by an average of 1.5% per year. That doesn't sound like a lot, and for one year it's not, but when you compound that over several decades, by the time you retire it adds up to a tremendous difference.
From 12/31/74 to August 31, 2004 large, dividend paying stocks had total returns of 14.43%. Large growth stocks returned only 12.28%.
Thanks to Enron, Tyco, Global Crossing and other corporate scandals, we now know the "earnings" that companies report can be accounting manipulations. Just numbers that have been gimmicked to look good. But guess what -- dividend checks have to be backed by cold, hard cash in the company's bank account.
None of the big name corporate criminals paid any dividends worth writing about (Tyco did make a one-time token dividend payment of 1 penny per share).
If you bought only the best dividend-paying stocks, you would not have lost any money to accounting scandals
During the bear markets of 1901-1921, 1929-1954 and 1966-1981 the ONLY benefit from owning stocks was dividends. During those periods, there was NO overall stock market price appreciation! That's 61 years out of the entire 20th century.
61% of the time, you received dividends . . . or diddly.
Nobody knows when the market is going to pick up steam again.
Obviously, depending on "growth" stocks to grow is a risky game, even in bull markets -- but especially in steel-tough markets like right now.
What if somebody wants to retire now, or just as another such prolonged bear market gets started?
If they depend on the conventional wisdom of selling off their portfolio piece by piece (the official financial advice is selling 4% of your portfolio a year is "safe"), they'll get low prices.
That means they'll have to sell off more shares than they planned on just to pay their bills. You have to wonder, just how long of a bear market could their portfolio survive?
Remember, this century started off with a brutal crash from 2000-2002. We're now in an even more ferocious economic period. It won't be the last.
Thanks to the world financial crisis triggered by the subprime mortgage mess in the U.S. housing market, the rising cost of energy, the increased cost of commodities, the skyrocketing prices of food, the sinking of the U.S. dollar, the continuing war on terror, the need to raise taxes to pay for the bailout and stimulus packages, for expansion of government-backed healthcare, and the just-beginning retirement of baby boomers who will drain Social Security and Medicare -- not to mention selling off their stocks and bonds to fund their needs in old age . . .
82 million American baby boomers are going to retire in the coming years. (The first one filed her Social Security retirement claim in October 2007.)
Many experts predicted this was going to depress the financial markets -- and it's just begun!
And I haven't even mentioned the on-going mess in Europe.
So the outlook for the Dow going beyond its 14,000 October peak anytime in the near or even mid-future looks bleak.
The world and the markets keep changing, but people's basic needs have stayed the same since we lived in caves. Clearly, if you want a secure income you can depend on, you want to invest your money so it'll help supply people with those fundamentals: food and shelter. Water and fire.
McDonald's and Pepsi-Cola. Apartments and houses. Water utilities and electric companies.
People are always going to buy basic products. A recession, even a world financial crash, can certainly slow -- but NOT stop -- their sales. Obviously, seven billion people around the world will want to fill their bellies and sleep under a roof at night. That's the safest bet going.
Income investments based on basic human needs will continue to send out checks. That's all I need to know and care about.
Chewing gum, industrial pipes, financial services, cigarettes, chocolate, and that all-time favorite -- hog mash.
My grandfather did NOT buy that glamorous growth stock IBM even though, as a high-level executive for an international corporation, he knew how important that company's computers were becoming to modern businesses.
No, he put my mother's money in the "Old Reliables." Not mainframes -- pork and beans!
AT&T was as high-tech as he went. And back then it was a regulated utility. Plus, it met the basic human need of talking to each other.
Mom doesn't have most of these stocks anymore, to tell the truth. She and Grandpa gave in to the tobacco scaremongers and sold R.J Reynolds. Since its 1984 split up, AT&T has undergone numerous and confusing changes -- yet it and most of its spin-offs still pay dividends!
In 1955, only a few professors of finance were reading Harry Markowitz's paper on reducing portfolio risk through asset diversification, which eventually won him the Nobel Prize for Economics. My grandfather didn't write down a bunch of fancy equations or win any awards, but he understood the importance of not keeping all your eggs in one basket.
Yes, the current crisis has forced many companies to cut back checks to shareholders. Business is slower, so profits are lower too.
That's obviously not good for stock owners. But they are still receiving some return on their investment. In a recession and bear market, hoping for an increase in market price is obviously worse than futile.
Companies that meet basic needs will always have some cash.
In my system I explain other ways to protect your investments.
One common objection to income investing you may have heard is you have to pay taxes on that income at your regular tax rates.
Capital gains tax rates are lower, so from an academic point of view it seems better to sell the stock and pay capital gains taxes.
My first response is, that assumes there is a capital GAIN. In a textbook world, a company's stock price rises as its business expands. But in a real world bear market such as today's, you may not have any gain at all.
My second response is my original revelation -- if you sell a security, whether at a loss or gain, you don't have it anymore.
When you cash a dividend or income check, you do incur a tax obligation, but you also still own the security -- and so you keep on receiving regular checks.
She bought shares of Hershey for $44 3/4 each, and in 1955 received 50 cents each in quarterly dividends. Now, due to stock splits, every one 1955 share is 120 shares paying 29 3/4 cents per share. That's $35.70 per share per quarter -- a 7140% increase in income, or an average of 13.73% per year (1955-2007).
In 1955 one share of Wrigley cost $96 3/4 and paid $1.25-$1.50 per share. Thanks to stock splits, one 1955 share is now 180 common shares and 45 Class B shares. Each of those shares now pays 29 cents per share. so that's $65.25 per quarter. That's a 5220% increase, an average annual increase in income of 10% for 1955-2007.
In 1955 the shares of Guaranteed Trust Co cost $84 each and paid 80 cents per share per quarter. That company was eventually bought by J.P. Morgan, and one Guaranteed Trust share is now 41.40 shares of JPMorgan. Each share pays 38 cents per quarter, a total of $15.73. That's a 1966% increase -- an average of 3.78% per year (1955-2007).
Notice I'm NOT telling you how much those stocks've gone up in price since 1955. That's not what's important. And I'd obviously be lying if I told you they haven't gone down a lot in this current market crash. What's important is to follow the money . . . that goes into your pocket.
When the stock market can rise and fall at random, blowing up unexpectedly by over 50% in just 16 months . . . and go nowhere in 12 years -- you absolutely cannot depend on it for a worry-free retirement.
You still have time to build a secure, long-lasting financial foundation that pays you ever-growing checks.
Investing for income is simple, easy and -- if you do it the way I show you -- a lot less risky.
Just think -- once you set up your accounts, your portfolio grows the "lazy" way -- automatically.
And it feels so good to know you can have an ever-growing income from your investments WITHOUT selling them off.
This is the ONLY available investing for income system that covers the full range of income investing, from stocks and bonds to preferred stocks and real estate investment trusts. AND which tells you straight out -- ignore capital gains.
This website contains a lot of great information about income investing. You can learn a lot from it -- but it's like a jigsaw puzzle. Each page of content is one piece, and to get started, you obviously you need to see the Big Picture.
You need a step by step plan. You need a system.
That's why I updated Grandpa's work for the current financial markets, included the findings of modern financial research, and put together the 7 Principles of Income Investing. Using them, I evaluate all your income investing options, then come out with a plan for young investors, investors nearing retirement, and retired investors.
I've read the other books on income investing. They have some good information, but they're now getting behind the times, or they focus on "fixed" income investing (a phrase I hate, because even a "small" 2% rate of inflation will eventually destroy the buying power of your savings, so instead I want you to invest for ever-increasing income). And none of them give you their value system up front, as I do.
"I Wish I knew this Stuff in My 20s"
"I am a Chartered Accountant in Canada and spent most of my career teaching in a community college.
"Over the years, I have used various "plans," with varying degrees of success, but had never given much thought to dividends, so I fell prey to the hype about capital gains. So what was I thinking? Should have been investing for dividends.
"I also learned about some new investment vehicles, and got a "heads up" on some investments that I was aware of, but put on the back burner.
"Wish I knew about all this stuff when I was in my 20's, or at least paid attention to the theories involved in my 40's."
When you try out the Income Investing Secrets system you get:
1. VARIABLE ANNUITIES EXPLAINED: Tax-Shelter an Unlimited Amount of Money from the IRS and Guarantee Yourself a Lifetime Income Without Getting Ripped Off
Shopping for variable annuities makes sending a rocket to Mars seem like child's play. Here I explain how they work, what to look for, and the scams to avoid.
You can't get all this information from any book on the market. The books sold on Amazon are out of date, and the available ebook on variable annuities isn't comprehensive, and doesn't explain how they work. I know -- I paid around $300 for all of them.
2. SWISS ANNUITIES EXPLAINED: Safeguard Your Variable Annuities With the World's Safest Life Insurance Companies, in What May Be the World's Safest Form of Money
NOT Swiss bank accounts!
Swiss annuities are one of the best "secret" investments in the world, but anybody can buy them.
Here's what you need to get started.
The Swiss are known as the world's safest as well as most secret bankers. What's not so well-known is that for over 100 years they've also had the world's safest life insurance industry. Not one Swiss life insurance company has ever failed.
Compare that to AIG in the United States.
Plus, the Swiss franc will probably continue appreciate against ALL types of dollars AND the euro AND the yen . . .
Plus, under normal conditions Swiss law prohibits the seizure of annuities by creditors . . .
Plus, the same strict privacy laws that prohibit Swiss bank employees from disclosing customer information also apply to Swiss life insurance company employees . . .
Plus, ownership of foreign annuities doesn't have to be reported to the U.S. government (as ownership of foreign bank accounts must be) . . .
Plus, earnings on foreign-owned annuities are not subject to the 35% tax the Swiss government imposes on foreign-owned Swiss bank accounts . . .
3. Master Limited Partnerships: High-Yield, Ever-Growing Oil Stocks, Income Investing for a Secure, Worry-Free and Comfortable Retirement
Master Limited Partnerships are a little known form of investment, and are one of the best income investments available in the United States.
MLPs make their money by transporting energy -- oil, natural gas and refined petroleum products. They operate pipelines throughout the United States and Canada.
Best of all, MLPs make money so long as people need the energy, no matter whether the price is up or down. They charge for letting it go through their pipeliness, and storing it.
However, this is the only full-length book devoted to them.
It's selling on Amazon right now for $15.95, but you get it free along with Income Investing Secrets.
Many investors have paid $7000 to attend seminars by financial gurus such as Wade Cook who make unrealistic promises and teach tricks that eventually lose you money.
You can pay others $100s of dollars to take online courses and buy DVDs on how to play the foreign exchange market, buy and sell commodities and options, day trade and more. If these techniques worked consistently then everybody would be rich.
The standard one year subscription for an introductory financial newsletter is $99 -- and once you're in their marketing pipeline, they push you to subscribe to newsletters costing $200, $400 and up.
I've many times paid $50 to $100 and up for books on investing and trading.
Many investment advisors want you to subscribe to THE WALL STREET JOURNAL ($249 per year from Amazon), BARRON'S ($79 for 12 months of online edition), MORNINGSTAR DIVIDENDINVESTOR ($189 per year), VALUE LINE INVESTMENT SURVEY U.S. EDITION ($538) as well as other sources of information.
If you have any sizable amount of stocks, bonds or mutual funds, you've paid out lots of money in commissions, management fees and capital gains taxes. You'd save most of that money if you only bought . . . and never sold.
If you wanted to learn everything in the Income Investing Secrets on your own, you can, to tell the truth. Sift through the tons of material on the Internet. This website does contain a lot of the pieces of the puzzle. Spend hundreds of dollars for investing books from Amazon. Spend hundreds of hours reading, studying and fitting the pieces together into a total system.
Or you can get the system in complete form, all ready to go. All ready for you to just download, and then put to use. With all the work already done for you. Just follow the steps I outline -- I do everything except give you the money to start investing with.
But I want everybody who's retired, thinking about retirement or young enough to get REALLY REALLY rich from this information to put it to use now.
"Enhanced my Covered Call Investing"
"I found your system useful in my own thinking. I have enhanced my covered call investing by shifting my portfolio of underlying stocks slowly but surely to the kinds of dividend paying stocks you favor."
Therefore, your investment in Income Investing Secrets is not $7,000 or $500 or even $100 . . .
Just $47 is all I'm asking -- and you can download it immediately to your hard drive -- won't take more than 5 minutes. As soon as your order goes through, you're directed to a web page where you can download Income Investing Secrets system and the 3 free bonuses -- even at 2 in the morning.
For less money than you spend to eat dinner out and see a movie, you tap into the same secrets my grandfather used to secure my mother's ability to provide for her two children -- updated for the 21st century.
You guarantee yourself an ever-growing stream of regular checks.
Plus, you reduce risk by relying on the basic needs of people.
High tech gizmos come and go -- people have to keep paying for food and shelter.
You can't "beat" the market, so join it! For just $47 you can make yourself a partner in reliable businesses that share their profits with you.
Stop handing your hard-earned savings over to the IRS. Give them a share of your investment "harvest," but keep your "seed corn" so you continue reaping "harvests."
Stop worrying or caring about stock and bond market ups and downs. You receive regular checks.
Stop guessing which "geese" will grow into "ten-baggers" so you can sell them for a higher price. You don't own a crystal ball, and neither do any of the financial analysts or gurus. Buy geese that lay gold eggs and you never want to sell them.
My mother's gathered gold eggs for over fifty years. She raised two demanding children that way, and now we're out of her hair, has a nice lifestyle. She spends her time reading catalogs, not annual reports. She watches movies on cable TV, not Moneyline. She goes on cruises with friends and flies to visit her grandchildren. You too can join in the fun.
I fully guarantee your satisfaction with Income Investing Secrets.
You have 60 days to read it and see for yourself. If you're not convinced it's the most comprehensive and helpful system to invest for income in any and all market conditions, I demand that you demand your money back! If you are not satisfied and delighted for any reason, you get your money back.
No matter what, the two free bonuses are yours to keep and profit from.
Therefore, you risk nothing!
The word about income investing is already spreading. The Dot Com Bust, the accounting scandals and the current financial catastrophe are already making many people question the wisdom of relying on capital gains/market price appreciation. More and more people are snatching up dividend-paying stocks, corporate bonds, real estate investment trusts and more income investments. The longer you wait, the higher the price you'll have to pay for your streams of income.
Flip the bird to the stockbrokers, mutual fund managers, financial advisors, market gurus and "analysts" who want to suck the blood out of your retirement funds. Invest your money well . . . and you can spend your precious time enjoying life with your family instead of watching talking heads on TV.
For the price of a few pizzas, you put into your hands the most complete system for learning how to protect you and your family's retirement and inheritance NOW.
"You set me on the right path"
"What an eye-opener!!!
"I had heard about REITs, MLPs, BDCs, but you really explained their advantages and disadvantages. Thank you, Rick. You have set me on the right path to generate a steady income stream."
If you have money in any actively-managed mutual funds, your investment in Income Investing Secrets system will more than pay for itself when you switch to tax-efficient forms of investment.
You probably don't set your alarm clock except when you're going to catch an early morning flight to visit an old college friend, tour Italian art museums or go on an African safari. Your days are full of fun activities: golf or tennis or walks in the park, lunch with friends, movies, dinner with friends, concerts, shows . . . watching your grand or great grandchildren play soccer . . .
Life is good. Of course, everything costs money. Yet you can pull out the cash or your debit card with confidence, knowing you have more than enough funds, and you'll never run out -- even if the government's Social Security trust funds do.
You'll leave a legacy to your family they'll appreciate more and more as the years go by.
More importantly than the money, you'll give them what my Grandpa left me (and Mom is still providing) -- a terrific example to follow . . .
So long as people around the world still drink water, eat chocolate and turn on electric lights!
The principles of investing for income are the same everywhere.
Many of the details in this system won't apply to you. But I'm sure that you can get hold of most or all of the securities I mention by name.
Remember -- your satisfaction is guaranteed!
P.S. Look, I'm a baby boomer thinking about retirement myself. I want dividends and interest to reinvest now, so that when I'm older I receive a stream of big, ever-growing checks. These techniques fed and clothed me when I was a child. Updated for the 21st century, they'll feed and clothe me and my loved ones when I'm a senior citizen!
Please don't wait until everybody else is already selling off their growth stocks. When everybody wants to sell, there's nobody left to buy -- and then it'll be too late to get your money back.
Every day your retirement savings is tied up in "growth" stocks, you're at risk of their value going down -- and you're failing to receive the regular dividend and interest checks you could be receiving, so you have a great time when you say goodbye to the Rat Race.
Or maybe you plan to bet your retirement lifestyle on Social Security . . .
"Wanted to take off my reading glasses, let my mind stop spinning and tell you how wonderful your book is. All the info in one place, pros and cons, easy to read and understand. You've done a public service."
Copyright 2007-2013 by Richard Stooker and Gold Egg Investing LLC. All rights reserved.
Many thanks to my cousin Steve Jacoby for taking the great picture of Mom and I.14248F Manchester Apt 336 Mancester, MO 63011 USA