The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Input from Fools Date:  8/20/1999  8:32 PM
Author:  zgriner Number:  13307 of 88066

Any thoughts on this allocation would be greatly appreciated.

1) Why don't you make all the investment decisions and just make sure your parents get all the income they need? I do this for my mother. She signs the papers, I do the investing, and she gets the money.
2) You didn't say how much income your parents need. A portfolio of stocks (e.g. FF) yielding 3% would provide $6k/year, with growth built in. The Fidelity High Income Fund's latest yield is 10.33%, yielding an income of 3k/year. Aside from yield, have you looked at it's total return? Here it is:

Average Annual Total Returns as of 7/31/1999
No Load
1 Year 3.44%
3 Year 11.79%
5 Year 12.57%
Life 15.38%

I assume you were going to leave the other portfolios alone.

Look at my post #13041 for an alternative way to provide income. Also, read "How to Retire Rich" by James P. O'Shaughnessy, and "The Dividend Investor" by Harvey Knowles & Damon Petty for using stocks to produce income.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us