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Originally Posted by Flying Ace
Haha, you're in no man's land in investments. My opinion is, you should start getting less directly correlated to the stock market at this point and start looking for passive income sources. Possibly real estate rental and business in consumer non-discretionary area that throws out positive cash flow and distributions.
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Exactly! Mid 40s at what may be the tail end of a huge economic run up and plans to retire by 60 is a strange and unsettling place to be!
Quote:
Originally Posted by Flying Ace
But I've already started at least rotating some of my stocks into dividend paying stocks already just to anticipate the next recession so at least I can collect some passive income and average down my cost basis.
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Yes! I started that about 5 years ago.
Quote:
Originally Posted by Flying Ace
Also, if you're an accredited investor consider private label REITs or natural resource trusts with preferred liquidity positions. This way you can ride out recession with passive income and if it blows up you get first liquidity rights.
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Interesting. I know zero about this. Thanks for the tip. I'll investigate.