There Is Nothing Quite As Wonderful As Money #socs

Image by Lorenzo Cafaro from Pixabay

I have my retirement nest egg invested in mutual funds. Most of the funds are growth funds, where I was willing not to receive dividends in hopes that the value of the fund will increase over time. Any dividends I did receive from a fund would be used to buy more shares in the fund. The risk in doing this is that sometimes the value of the fund would go down, but that was a risk I was willing to take, because I was investing for the long run, and over the long run the odds were that the value would go up.

Now that I’m over 65, I should change my strategy and invest in income funds, where the value of the investment remains (more or less) constant and I get paid a dividend. The idea is that I am willing to forgo the growth in favor of the cash dividend.

So, at some point in the future, I’ll be doing that. Wish me luck.

Stream of Consciousness Saturday is brought to you each week by Linda Hill and this station. Now a word about Busch Bavarian Beer. The late one is still a great one!

15 thoughts on “There Is Nothing Quite As Wonderful As Money #socs

  1. Good luck. I have my retirement in a mutual fund too. If I can hold out for another year until I am 67 I’ll be better off than if I take it now.

    Like

    1. I’m going to hold off as long as I can before digging into my IRA. At the same time, I think moving some into safer investments would be prudent. The experts usually say about 60% growth and 40% income at this stage, and I’m closer to 80% growth and 20% income….

      Liked by 1 person

    1. I’m at the point that I need to start concerning myself with holding onto what I have. I remember my mom was worried about running out of money at the end of the month, then got a call from her broker and she was throwing it around like Mrs. Richbitch. I finally said “You saved all that money for retirement, now you’re retired.” And she actually listened to me, and moved some of her investments into things that paid dividends. I realized it was time for me to do the same…

      Liked by 1 person

      1. My hubby and I determined as we get older, it is very important not to just hang on to what we have but to make it grow. Especially with what goes on in this crazy world.

        Liked by 1 person

You can use Markdown in your comments. Thanks for your comment!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s