This is a fairly apt discussion of what's coming down the pike for dividend-focused investing generally, although I'll still be looking on the long side if there's another big leg down for the bluest of the blue chip dividend payers (such as JNJ) at generational low fire-sale prices. (On the next leg down that is, right now I'm pruning out some earlier not-quite-as-great longs at a profit to raise some more cash in case we have another down leg, holding onto my best longs bought at fire-sale prices.)
https://www.marketwatch.com/story/w...ronavirus-market-2020-05-08?mod=mw_latestnews
I especially like the second Will Rogers quote, most of us have heard the first one a lot, but I liked this second, obviously sarcastic, one:
“Buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”
The more things change, the more . . ., I guess.
I can attest to the difficulty of being retired with a bankroll that is not sufficient just to get by on at least relatively "safe" income investments. You necessarily have to go up the risk ladder to try and make ends meet, and that is an inherently treacherous thing to have to do to pay the bills. I knew that going in, but I had other considerations that outweighed the known risk that I was not yet really financially ready to retire.
The adult choices that we're given are not easy ones like "would you like to chill on a beach in Fiji or instead work at a suck job that is grinding you into oblivion?" No, we're often left with choosing the least-worst -- not an in truth best -- option among multiple unpalatable options.
Anyway, just trying to cheer folks up with the Rogers quote, lol.