Hi everybody! This is my first post after my introduction:
Introduction - Please allow me to introduce myself...
I immediately subscribed to the Fastlane INSIDERS as a form of "thank you" to MJ for providing me the tools to make the most difficult and most important decision of my professional life: selling my company.
I am now facing a very nice problem. Nice, but still a problem
I have a considerable amount of cash that must be deployed.
The way I see it is something like this: until a few months ago, I used to have ALL that money invested in a single company, my own. This was a huge concentration of risk, but it also gave me control and a nice income.
Now that I disinvested, I feel I should reinvest in other companies, since companies are the only asset to preserve wealth and earn an income in the long term.
Only this time these other companies must be:
1- many different companies, in different industries and different markets. Since I can't have control of the management, diversification is my way to exercise control
2- solid businesses with a long history of stable or growing dividends (think Dividend Aristocrats...)
3- they must pay me rent (a.k.a. dividends) so that I can enjoy life without worrying about working to make ends meet. Something around 4% to 5% per year would guarantee that to me and my entire family.
What really scares me is that stock prices are so high nowadays that it's hard to find a 4%-5% dividend without lowering the quality of the companies to invest in. And I'm afraid that soon prices will come down, presenting very interesting buying opportunities.
On the other hand, the market might go up for another 6-12-18 months and I would waste time and money doing nothing.
I find it a dangerous time to deploy a large sum all at once.
Is anyone in a similar situation? Does anyone have any suggestion on where to start building a money system in 2018?
Thank you all for your help!
Introduction - Please allow me to introduce myself...
I immediately subscribed to the Fastlane INSIDERS as a form of "thank you" to MJ for providing me the tools to make the most difficult and most important decision of my professional life: selling my company.
I am now facing a very nice problem. Nice, but still a problem
I have a considerable amount of cash that must be deployed. The way I see it is something like this: until a few months ago, I used to have ALL that money invested in a single company, my own. This was a huge concentration of risk, but it also gave me control and a nice income.
Now that I disinvested, I feel I should reinvest in other companies, since companies are the only asset to preserve wealth and earn an income in the long term.
Only this time these other companies must be:
1- many different companies, in different industries and different markets. Since I can't have control of the management, diversification is my way to exercise control
2- solid businesses with a long history of stable or growing dividends (think Dividend Aristocrats...)
3- they must pay me rent (a.k.a. dividends) so that I can enjoy life without worrying about working to make ends meet. Something around 4% to 5% per year would guarantee that to me and my entire family.
What really scares me is that stock prices are so high nowadays that it's hard to find a 4%-5% dividend without lowering the quality of the companies to invest in. And I'm afraid that soon prices will come down, presenting very interesting buying opportunities.
On the other hand, the market might go up for another 6-12-18 months and I would waste time and money doing nothing.
I find it a dangerous time to deploy a large sum all at once.
Is anyone in a similar situation? Does anyone have any suggestion on where to start building a money system in 2018?
Thank you all for your help!
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