Subj : Re: retirement
To   : Weatherman #1
From : Jahmas #29@707.Wwivnet
Date : Mon Feb 12 2024 06:55 am


M> I wish I had started earlier, too.  Actually I had started earlier, but
M> part of one of my divorce settlements was signing over my 403B many
M> years ago.  So I had to start all over again.  Regardless, I think it is
M> one of the most financially important thing you can do.  Otherwise, you
M> will be a slave to the system forever.
Yes! I had this event at age 50. She took half of my 403b and I was really  set 
back. One thing that helped was that I started a Roth with Schwab. Mostly  I 
would get stocks that paid a high dividend and put the gains back into  
principal but, it was a couple of high flyers that really helped. There was  
this Canadian cannabis company that was growing weed for research etc and  
Canada was going legal. I bought the stock at $24 a share and I bailed after  
Canada went legal because I assumed the market would be flooded by  
competitors. I sold it at $65 per share. Since it was a Roth, there were no  
taxable capital gains. I took my money and then purchased a boat load of  Exxon 
Mobil and Johnson & Johnson. So the portfolio has all good dividend  stocks 
with companies that are diversified and well managed and now it just  generates 
a steady flow on income. This is something I would recommend if you  only have 
3500 dollars and wanted to catch up but you really need to do your  research or 
you can get screwed. 


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