Patience is the key to being a successful contrarian investor.
We buy when fear is widespread. Bear markets are our friends. Let’s sit back and let the market’s valuations come down to us.
I wrote very recently that the market is this close to sending out a market-wide buy signal. Let’s get ready to back up the truck.
Today, we’ll discuss targets for retirement income yielding a ludicrous 12.9%—after all, a self-sustaining portfolio that allows you to live off dividends alone can give you enormous peace of mind once you’re past your working years.
And if those dividends land in your mailbox or account every 30 days or so, matching your monthly bills…well, that’s even better.… Read more