No. of Recommendations: 2
<<Now, I have no mortgage. I'm fully invested across a taxable brokerage account, a traditional IRA funded by rolling over my last 401(k), and a Roth IRA. My Fidelity Financial Adviser thinks I'm invested too aggressively in stocks. I think bonds don't offer enough return to be worth their risk right now, and I'm comfortable with a portfolio of stocks throwing off more in dividends than I need to draw to cover living expenses. >>

Ten years ago I was in much your situation. My biggest single stock holding was Washington Mutual Bank, which had been upping it's dividend every quarter for years. It continued to do so right up until the day it was declared bankrupt in 2008 and the stock declined to about zero.

I agree that .1% interest rates aren't much of an attraction. But what's going to happen to stock prices when the Fed gets around to upping them back to more normal rates?

There are worse things than having more cash than you'd like to have.

Seattle Pioneer
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