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
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement