Nov 15, 2022
Summary:
Will your investments keep up with inflation so that you can
retire, or will you have to work forever? This episode’s guest,
James Locke, provides some information on how you can invest to
prepare for retirement, tailoring strategies to your personal
portfolio and needs. He says that it is critical to shift to income
focused investing, and to always consider how you can invest some
of your current income back into future income. Moreover, be sure
to work with someone who will listen to your needs and help you
create a sustainable plan for retirement. Tune in for more
insight.
Highlights:
-A lot of James’ clients have left the options world
-The number one question James gets is “Can I retire?”
-There aren’t as many pensions anymore. People start to wonder if
their money supply will last longer than them
-What do you want to base your retirement on? What you know, or
what you hope?
-Shift from growth focused investing to income focused
investing
-Bonds, dividend stocks, and preferred stocks are good things to
look into
-If you invest a little of your income back into income, you can
grow it over time
-Look at your portfolio/retirement as if it were a house. Even if
it’s worth more at a specific time, that doesn’t mean you can spend
more
-Stocks won’t go up until people are confident that rate hikes have
stopped
-It’s good to collect a number of perspectives. Make sure you’re
working with an income specialist who will listen to your needs
rather than telling you what you need
Useful Links:
Financial Survival Network
Poole Locke Associates