Thanks for the update. Are you a more of a growth, dividend growth income (DGI), or income type of investor?Hey Bull, the majority of our portfolio is the same as it was before all this virus and other political stuff. As I mentioned before:
Our annuity pays a guaranteed 7.5% per year, no matter what the market does. So, the principal amount invested has doubled twice since 2002. Doesn’t sound as exciting compared to a 20% market return for a year of investments in a 401K or stock, but the next year in those investments could be a loss, and they are the killer years. For example, if an investment loses 50% in one year, it would need to gain 100% in the next, just to break even. The only thing one can do instead of cashing out and realizing the loss, is to buy more at the reduced price so the portfolio will recover quicker, (if you still have faith in the investment).
Yes sir, it's difficult sometimes to explain to an investor how powerful the "time value of money" is and how it works.
"Trends" can sometimes be a powerful tool for investing as I mentioned before:
Since the time I posted (the above) in March, burial services has performed pretty good – (HI), (CSV), (SCI), and (MATW).
I have more than a couple of decades to go before I hit the traditional retirement age, so my retirement accounts are almost all in stock index funds, as I don't believe I can beat the market over a long period.
However, my non-retirement account's more DGI and income oriented as I'm trying raise enough passive income to be financially independent before hitting 46. I love my current career field and don't intend to retire early but I also heard that older folks in IT/Cybersecurity field have harder time findings jobs after a layoff due to senior positions being harder to come by, and junior positions are full of young professionals willing to work long hours for less pay.
Anyhow, with that background, I snagged some CVS and JNJ stocks during their minor dips as a COVID play, but need to take a look that the stocks you listed.
7.5% guaranteed for annuity is pretty darn good, so if you don't mine me asking, who did you get that with? I'd normally not go with an annuity but 7.5% is close to the average market return, but without the risk.