When stocks are pricey, what should you do? Easy. Create a plan to build upon your fixed-income strategy. What? You don’t have one? That’s not surprising to Your Survival Guy. It’s hard buying bonds. It’s like admitting you don’t like excitement. It’s like you’re saying, “Coach, take me out of the game, I’ve had enough.”
But if you hang around this business long enough, you realize the real winners don’t need the markets. The wealthy smile when the stock market goes down, thinking to themselves or out loud to their spouse, “What did everyone think was going to happen?” Stocks don’t go up unchecked forever, especially not on our schedules.
Which reminds me about your schedule, the trips you want to take, and not having to worry about “playing” the market. “But stocks always come back,” is the refrain. Maybe. But they can stay down for a long time. It’s why getting paid to invest in stocks by owning an above-average dividend-yielding portfolio can ease your troubles.
Look at how long stocks can stay down:
Action Line: When you build a portfolio around fixed income, you’re not out of the game. You won the game. You don’t need the markets. You made your money. Now, it’s time to invest accordingly. When you’re ready to talk, let’s talk. But only if you’re serious. Email me at ejsmith@yoursurvivalguy.com.
Originally posted on Your Survival Guy.
