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Author: RetiredVermonter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75379  
Subject: Re: What's been your best long-term strategy? Date: 8/31/2010 5:21 AM
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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
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