In times like these, prices can be your friend. All those juicy dividends and income checks get reinvested at prices you can live with. When you’re an income investor, you aren’t thinking about rising stock prices. Sure, that would be nice, but prices are what they are. Income, on the other hand, is what you see coming into your account regularly.
You almost want prices to stay the same until the day you retire. That way, you can be a compounding machine and buy more shares at the same price. Prices can go up, and prices can go down. Hopefully, your income will only grow.
Action Line: I wouldn’t be afraid to lock in some income from bonds at these prices. And stocks? Slow and steady dividends sound nice to me too. When you want help, let’s talk.
