If you glance over at the ‘Portfolios’ page on my Website, you will see at the top that I start off talking about my own Income Portfolio which I have been running for just a few years. There is a bit of spiel around it trying to explain the logic and principles behind my Income Portfolio but it only recently hit me that this barely even glances the surface of what is actually quite a lengthy subject; and I came to the realisation that my Archive of Information was sadly lacking the kind of detail needed to really do it justice. So this Blog Series is to correct that shortfall.
As you will see from the intro stuff below, this Blog was inspired as an alternative to Annuities and Drawdown upon Retirement but I can see far younger readers finding this useful as a concept for somewhere to stash their ill-gotten gains from Share Trading etc., in a home that is low maintenance, fairly low risk and yet gives a Return which by far exceeds anything that can be gained on Cash or with Bonds or suchlike.
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One of my mates from Twitter, James @traderdiarycouk, has written the following piece to introduce himself back to the world and give a simple explanation of how he does his Short Term Trading stuff - he is very good at it and even Long Term Investors can learn a lot from the kind of methods successful Traders use.
James used to run his own website as you can see from the text, but time constraints forced him to stop doing it on a regular basis but he still likes putting Fingers to Keyboard and bashing out some thoughts - I hope we will get more stuff from him for the WD Website in coming months. If you follow him on Twitter then you can see the Trades he does and get a better feel for his approach. Many thanks to James for providing this input and I hope Readers find it useful and interesting. Cheers, WD.
Note - this is not the Blog I promised earlier in the week about my visit to Master Investor - that Blog doesn’t actually exist - so you are getting this one instead !! So, as a change to the advertised Programme, WheelieDealer Productions brings you………
Breaking with my normal method, I am scribbling this quite fast around 4.30pm on a Tuesday Afternoon (blimey, the Markets are about to shut, maybe I should be looking at my Stocks) as I want to watch the ‘Gold Rush’ new series tonight (Discovery Channel) and I know that will distract me from my ramblings (OK, you can see I started this Blog in Draft form way back in October - yes, sometimes they take that long for me to drum up the enthusiasm to finish them off.)
Some Common aspects between the Types in the Spectrum:
DISCLAIMER - THIS SHOULD NOT BE TAKEN BY READERS AS DEFINITIVE ADVICE ABOUT RETIREMENT. THESE ARE JUST MY PERSONAL RAMBLES THAT YOU ARE UNLUCKY ENOUGH FOR ME TO BE SHARING WITH YOU AND BORING YOU SENSELESS WITH ON YOUR DAILY COMMUTE OR JUST BEFORE YOU GO TO BEDDY BYES. IF YOU ACT ON THIS GUFF YOU ARE CLEARLY NUTS AND NEED SHOOTING. PLEASE SEEK PROPER INDEPENDENT ADVICE FROM YOUR FINANCIAL ADVISER. INDIVIDUAL CIRCUMSTANCES OF READERS MAY BE VERY DIFFERENT FROM MINE - I HOPE YOU ARE MUCH MORE LOADED FOR STARTERS.
As I mentioned in Part 1 of these ‘Retirement’ Blogs, this second Part really digs into the ‘Income’ side of things and how you generate Cash to cover the Spending we discussed in Part 1. This will give a much clearer idea of how much Starting Capital is needed and there is a ‘Conclusion’ at the end which I think brings it all together and emphasises some Key Aspects.
DISCLAIMER - THIS SHOULD NOT BE TAKEN BY READERS AS DEFINITIVE ADVICE ABOUT RETIREMENT. THESE ARE JUST MY PERSONAL RAMBLES THAT YOU ARE UNLUCKY ENOUGH FOR ME TO BE SHARING WITH YOU AND BORING YOU SENSELESS WITH ON YOUR DAILY COMMUTE OR JUST BEFORE YOU GO TO BEDDY BYES. IF YOU ACT ON THIS GUFF YOU ARE CLEARLY NUTS AND NEED SHOOTING. PLEASE SEEK PROPER INDEPENDENT ADVICE FROM YOUR FINANCIAL ADVISER. INDIVIDUAL CIRCUMSTANCES OF READERS MAY BE VERY DIFFERENT FROM MINE - I HOPE YOU ARE MUCH MORE LOADED FOR STARTERS.
This is quite a difficult couple of Blogs to write, which is probably why it has taken so long - apart that is, from the fact I have been out having ‘Fun in the Sun’ and WheelieBlogs are not my top priority at the moment. It’s hard to write really because it depends on so many factors - and probably the majority of these are very Personal and Unique to every single Reader. For this reason, I will try and cover all aspects that need to be considered but in the main I will approach it from my own particular angle - which means that to a large extent the Returns mentioned are derived from the kind of Methods and Approach I use in my Investing Activities. These are best exemplified in my ‘M3 Manifesto’ webpage which goes into full details on how I do stuff. The nub of my ‘System’ is that I expect to make 10% Average Annual Return on my Exposure to the Stockmarket year in, year out. |
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