Originally Posted by JaxRed
I debated whether to post this, because I don't want it to be taken badly by anyone, but here goes......
I'm just about at retirement so what I'm doing with my stock investments is to provide an income stream to supplement my retirement without touching the principal. So I'm consolidating/moving IRA's etc into a IRA Brokerage account. Not done yet, and started 6 weeks ago.
But yesterday we got our first dividends.
About $850. We are on pace for about $1000 a month. The point is, following a dividend strategy can provide a very nice supplement to your retirement income without pulling any money out.
How exactly did you use your dividend strategy. Did you accumulatet money and then every so often invest in a dividend stock of choice? Did you have a number of holdings that you would add to when they got to a certain price? I am curious as to how you added to your holdings? For the most part I have my portfolio of dividend stocks set but I am trying to figure out what to do with the cash when I get it into my portfolio. I have 30+ years until retirement so I want to keep about 90-95% invested.