Originally posted by: IHateMyJob2004
Originally posted by: Stunt
Originally posted by: AccruedExpenditure
EFM says your strategy shouldn't work.
The question now is do you believe in EFM
My strategy period? Or the blue chips in the US? Remember I am looking to apply this reasoning to Canadian companies.
Looking for income is important. But so is a history of annual increases.
What are your investment goals? $1M in 20 years?
If you are younger, you are makign a good move. Just buy high qualtiy stocks with room for growth and you'll be set in 20-30 years. Most young people simply want instant gratification.
Get out excel, make a worksheet with what you can contribute annaully. What inflation is going to be (3-4%?). What you want ot have in 10, 20,30 years. THen figure out what kind of return you need to make. THen figure out how to get that return. And if you are hoping for anything glamorous, you probably should re-evaluate your goals.
After 5 years of investing, I'm finally at the point where making 12-15% annually going forward is a joke to me. I'm shooting for 19%+ annually though. And no, I am not crazy. Nor will I defend my strategy. In short..long term investor + options (naked puts).