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Post by steadyeddy on Jun 17, 2023 20:06:40 GMT
A video from pensioncraft I found some useful info, please preview and see if the content is to your liking. |
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Post by steelpony10 on Jun 17, 2023 20:49:15 GMT
steadyeddy , Protecting your capital is a bank term. FDIC insurance protects your capital. One invests to protect purchasing power from inflation which is not a banking function. You have to provide your own insurance. Financial professionals attempt to do that. The perpetual wall of woe is always there which is the function of media using the National Enquirer business model. Being an experienced amateur income investor I just loaded up on income producers to my risk limit. My purchasing power is protected so my plan is complete. Nothing affects that long term but future income needs which I have to wait to find out. If one insists or has to spend down most everything that effects your retirement life is in someone’s hands and your whole future existence is unknown. I can’t live that way.
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Post by steadyeddy on Jun 17, 2023 20:52:30 GMT
steadyeddy , Protecting your capital is a bank term. FDIC insurance protects your capital. One invests to protect purchasing power from inflation which is not a banking function. You have to provide your own insurance. Financial professionals attempt to do that. The perpetual wall of woe is always there which is the function of media using the National Enquirer business model. Being an experienced amateur income investor I just loaded up on income producers to my risk limit. My purchasing power is protected so my plan is complete. Nothing affects that long term but future income needs which I have to wait to find out. , good points. So, for example, if you hold muni CEFs now (with paper loss) would you add to them with new money? |
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Post by steelpony10 on Jun 17, 2023 20:59:55 GMT
steadyeddy, Well I produce about 120% over my current needs. I did only add when 8-10% distributers all were over 10%. I think I’m set now so most goes to PONAX at 5+%. I’ll die with paper losses and never spend down. I’m about 250k in the black over all my initial investments. So I take that as 250k on the + side not counting any gains from that being invested.
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