@hanera’s and WQJ’s favorite topic, here is the example
$750k to retire. Drops 90% you only have $75k. This couple might need other income besides SS
If he earns 10% an year, he will maintain 750k forever.
10% takes work. This guy wants something that doesn’t require effort. Can get 8% in hard money.
Vagabond doesn’t need much money. Put all into VINIX or VOO. No DRIP if need cash.
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If he rightly invest at market bottom , like year 2009 March, some nice dividends stocks, he can get 10% return easily. Hard part is finding bottom and right dividend stocks
Should not be hard to recommend him a few good income investment
- A couple of good REITs
- A good dividend fund
- A low risk growth fund
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