Well here i am back from the GFC and ready to start again. Made some massive mistakes which have become more and more obvious as i reflected back to those heady days. Have dusted myself of after 5 years.
I now would like to invest in stocks that pay an income (Dividends) I have about 8 years to retirement and want to start to put together an income stream. It seems this is what i need to do.
I take it there are those that do just that retired on dividends etc.
I read a book call Motivated Money by Peter Thornhill that has made some sense to me. Also others which i can't recall the names of them.
I am not in a hurry but would like to know more where i should start looking and reading. What does go through my mind is if one relies on dividends for income do companies stop paying dividends if you have a downturn?
It seems that the ASX 100 is the area to concentrate on. Don't just invest on Yield etc
Any voices of experience...
Appreciate any replies