Most vanilla investors limit their retirement income ideas to the exchange-traded funds (ETFs) advertised on TV.
Don’t do it!
These lame mainstream ETFs tend to yield 1% or 2%. That is only enough income for retirement if we are talking about a $10 million nest egg.
There are better buys beneath the popular surface. And they will fund retirements on far more reasonable savings figures. For example, we’ll discuss funds today that dish dividends of 9%, 10%, even 11%.
This is $55,000 in annual income on a $500k investment. Now we’re talking.
And these funds feature active management. Ironically, they often boast better caretakers than the large ETFs, which are highly automated and contain more marketing sizzle than alpha.… Read more
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