Retirement Income Portfolio at end of September

Three months ago, at the end of June, I posted a quickly assembled million dollar retirement portfolio with the goal of realizing an income of $40,000 annually at the outset. 

It was quite a success in its first few weeks but lately it has been losing money at a very fast rate. It is ending the month of Sept. down $32,244.54.

Am I panicked? No. The market is volatile. There are no surprises here. Heck, in a correcting market one would expect to see a loss of $100,000 or more. And if a bear market were to appear, a loss of double that would be reasonable: $200,000.

As I have no reason to sell, the losses are all on paper. On the other hand, the dividend income is real and on October first I will be withdrawing $3,333.33 just as a retired senior would. This will leave more than $2300 towards the November payment.

You might not agree but in my estimation this portfolio is a success. To see the complete portfolio, click this LINK.

What me worry?

According to Wikipedia Alfred E. Neuman, of Mad Magazine fame, first appeared in late 19th-century advertisements for painless dentistry – the origin of his "What, me worry?" motto. Today an investor could do worse than take Neuman's worry-free attitude to heart. 

When stock prices fall and investing looks bleak, that is often the time to buy. Telus was well down from its high of the past year and all the telecoms as a group were out of favour with investors; I saw an opportunity and bought.

Almost immediately bad news concerning Telus made big news. Telus took an immediate hit. Within a day or two, the Telus stock price had stabilized and was showing signs of recovery. It was time to buy more.

Today my Telus holdings are in the plus column and my dividend income is up in a four digit amount.

Telus: the story just gets better

 

I saw Telus as a buy a few days ago. I added to my position. This morning, watching BNN, I noticed Telus (T) was down even more today than it was yesterday. And yesterday it was awfully attractive.

I immediately booted up my computer and logged onto TD WebBroker. I picked up another few hundred shares of Telus at a truly fine price. Telus is now yielding 5.77%. This stock is a keeper in the short term and a core holding in the long term. I am one happy retired investor.

I can see a very nice profit at the end of the Telus rainbow.

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Telus has gone up nicely since I made my last purchase. It appears that lots of other investors agree with me, Telus is worth trading today. Its trading volume is well up for the day.