No. of Recommendations: 0
SirTas:

I agree with you. You offer very sound advice, in my opinion.

We all know the Rule of 73 -- divide the number 73 by whatever percentage return you can get on your investment (interest, dividends, etc.) -- to see how long it takes to double your investment.

However, the original post references information about somehow getting 12% interest! Excuse me? Where? Please show me a bank today paying much interest at all on CD's, etc., let alone savings!

I've managed my own investments for years, and have generally sought to diversify my investments in varied areas, with some getting dividends, some in "fliers", and some in very stable large companies.

As a retiree, I have now pretty much pulled in my horns, so to speak, away from most of the "fliers", given the questionable status of the market, and have sought out some reasonably stable companies that pay decent dividends.

Two of my current favorites are AT&T (symbol T) and B&G Foods (symbol BGS), each paying better than 6 percent. I also like Del Monte (symbol DLM), though that pays less. I now am about 25% in "cash" in my Fidelity IRA, and am watching to see where things are going, so I can invest later in whatever looks favorable.

Good luck to you and to all of us.

Vermonter
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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