As an older investor (74) I am interested in steady income for the future. Obviously, treasuries are not an option, but approximately 55% of my portfolio is invested in CEFs (closed-end funds), with another 15% invested in regular ETFs. The rest is spread over a variety of investment types including REITs (10%), precious metals (10%) (yes, Sandstrom is one of them), short positions (SDS and PSQ) (7%), and speculation (3%). Up until 4 years ago I traded 75 to 100 times a year chasing capital gains and averaged about 4% per year in gains (I’m a gambler at heart). I finally wised up when I turned 70 years old and began converting to consistent, income-producing positions that paid dividends through good and bad markets. I’ve averaged 15.2% gains on the overall portfolio for the last 4 years. I no longer study the daily machinations of the market. I still monitor my portfolio daily, but no longer stay glued to the screen looking for a trade I could make.
I know this site is more about trading and speculation, but I have to believe there are other ”Gummies” in my age group that are interested in income over speculation, or a better balance between the two. If you would like to add your opinion, I’d like to hear it. Travis, I love this site and your style of no B.S. evaluation. If you could jump in here I’d love to hear your take on this type of investing.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
A relative of mine has subscribed to Contrarian Outlook’s Hidden Yield and they like it AND it performs well
Hi, would you or the relative you mentioned be willing to provide their feedback about these services? I have been interested for a while and I would appreciate some honest reviews that aren’t hand picked for advertisements.
Please email me, wyld2006@hotmail.com
At one time I subscribed to 8 different newsletters. I now subscribe to only 3. Contrarian Outlook, Investor’s Alley, and, of course, Stock Gumshoe.
Hi, I have been interested in Contrarian Outlook services, especially the CEF Insiders. Are you still a subscriber? If you don’t mind giving your feedback of the service Please email me wyld2006@hotmail.com.
Thanks and I hope to hear from you!