“I’m getting close to retirement,” my friend explained after a fun round of golf. (In 2020, any round of golf is a fun round). “And…” he continued.
“You’re looking to turn your nest egg into regular cash flow,” I jumped in.
Most retirees and soon-to-be retirees (wisely) focus on cash flow from dividends. Like my buddy, they don’t care about beating the market.
But, with some smart high-yield buys, it is actually possible to beat the market with cash payments alone. This may sound absurd in a world where, at least once a year, investors like you and me are treated to a slew of media reports pronouncing that for yet another year, fund managers couldn’t beat their benchmarks.… Read more