Interests And Dividends With Joseph Hogue – April 23, 2017
Guest: Joseph Hogue
Everyone wants maximum return with minimum risk, but as you near retirement especially it’s important to ask yourself maximum return for what purpose? Is it for a future lump sum purchase like perhaps a vacation home? Is it to leave a legacy for your children because you’re absolutely certain you won’t need the money? Or is it to maximize your income, the income that you’re going to need to pursue your retirement goals? People who don’t take the time to identify their goals sometimes end up using financial strategies that actually jeopardize those goals. And that’s why watching the show and educating yourself is so incredibly important, which brings us back to my bird in the hand analogy and why I call investing for income the bird in hand approach. It may not offer the potential for those major gains and the huge returns, but ultimately, it is more valuable in terms of saving and serving the needs of many retirees and near retirees. Needs based upon their goals, it’s main priority is to protect your money and to generate income, income that you’re going to need or want to achieve these retirement goals. Plus it also gives you the option and opportunity to grow your portfolio organically by reinvesting the interest and dividends to buy more shares, if of course you do not have the need for all the income. In other words, investing for income through interest and dividends is a genuine and ongoing financial strategy, it is not a roll of the dice that might serve your needs and then some. Or might cost you dearly, now, I’m happy to welcome back to the show Joseph Hogue, Hogue who was here just recently to talk about his book, Step by Step Bond Investing.
**Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance is not an indication of future results. Be sure to first consult with a qualified financial advisor or tax professional about your specific financial situation before implementing any strategy discussed herein.