Reaching out for input from any investment gurus - this will be crucial to my Freedom 55 plan - In 18 months I will take early retirement and liquidate assets and have 500,000 which I will need to invest to make a minimum %5/year for 5 years.
So what would you do if you were me? I'm thinking I would break it into 3-5 tranches and stagger risk, something like 200K in a mix of dividend paying blue chips that pay the %5, a second 200K in conservative blue chips that could be expected to grow %20-25 (total) over the 5 years, then go more risky with the last 100K and buy a basket of Google, Apple, Intel etc. 21st century economy stuff, stalking each one to get in on dips at the bottom of trading ranges when they periodically come off (like Google is doing right now).
If I can turn this into at least 625K after 5 years I will have succeeded. This is just one pillar of the strategy but it's crucial and I can't lose money. On balance, preservation and getting the %5 is quite a bit more important than trying to hit homers.
Unfortunately this is CAD so buying US stocks will be almost %20 more expensive right now and if USD drops against CAD while I'm in U.S. stocks that would be a stiff headwind. Nevertheless, U.S markets have so much more to offer than Canada, a great part of this will have to go to U.S. stocks.
Any names of stocks? I heard about Oak Tree Capital that pays %4-5 div and run by top notch management, for example.
All ideas welcome, thanks in advance to those generous guys that take the time to provide anything.
So what would you do if you were me? I'm thinking I would break it into 3-5 tranches and stagger risk, something like 200K in a mix of dividend paying blue chips that pay the %5, a second 200K in conservative blue chips that could be expected to grow %20-25 (total) over the 5 years, then go more risky with the last 100K and buy a basket of Google, Apple, Intel etc. 21st century economy stuff, stalking each one to get in on dips at the bottom of trading ranges when they periodically come off (like Google is doing right now).
If I can turn this into at least 625K after 5 years I will have succeeded. This is just one pillar of the strategy but it's crucial and I can't lose money. On balance, preservation and getting the %5 is quite a bit more important than trying to hit homers.
Unfortunately this is CAD so buying US stocks will be almost %20 more expensive right now and if USD drops against CAD while I'm in U.S. stocks that would be a stiff headwind. Nevertheless, U.S markets have so much more to offer than Canada, a great part of this will have to go to U.S. stocks.
Any names of stocks? I heard about Oak Tree Capital that pays %4-5 div and run by top notch management, for example.
All ideas welcome, thanks in advance to those generous guys that take the time to provide anything.