Investment Book Review-Retirement Investing for Income only!

I will start by saying this is one of the best books I’ve ever read on investing. It’s written by Bruce Miller, who is a Certified Financial Planner.

Unlike many investment books, he never gets wordy or uses overly technical jargon. His manner of writing is extremely clear and the order of the layout is well thought out.

The book is geared towards those nearing retirement and perhaps less at the 20 somethings. At the same time, anyone will gain a lot from this book regardless of age, especially if you are a new dividend investor. I consider this book a GREAT INVESTMENT.

The big premise is investing not for total return, but for reliable income. This approach releases the investor from the day to day changes in the stock market. Capital gains are no longer the major concern, whether a company can continue to pay its dividend is.

This book teaches you what to look for when picking dividend stocks and income vehicles. The primary consideration when picking stocks is to investigate the companies CASH FLOW, making sure they’ll be able to continue paying their dividend. That is the main concern and not whether the stock appreciated 30% last year or this year.

He teaches you the parameters to use to find the right dividend-paying stocks for your portfolio. I’ll let you read the book to discover all of that for yourself.

It’s great because it takes away a lot of the headaches of learning so much about stocks, trading, jargon, unnecessary metrics. You don’t concern yourself with beta, risk adjusted returns and some optimized allocation.

I found the sections of REIT’s and Closed-End Funds particularly useful. I had personally never even heard of a Closed–End Fund before reading this book. It later led to me purchasing my first CEF.

REIT’s are complicated, at least to me. He devotes a chapter on evaluating REIT’s ability to pay their dividends; it’s not as simple as cash flow or earnings!

By the time you are done with this book you’ll know about all sorts of income producing stocks, bonds, funds; some of which you may have never heard of. Another major plus of the book is he shows you to get information off of sites like Yahoo Finance and download the data into a spreadsheet. Here you can evaluate the companies for yourself, whether they have grown their dividend and so forth. All valuable information, as the old saying goes, He teaches you how to fish instead of giving you fish.

I can see myself returning to this book over and over throughout my lifetime, my copy is already marked considerably with pencil marks, where I’ve made notes about the topics.

Here is the video about the Book as well as the Amazon link. Yes, I am an Amazon Affiliate and do earn a commission on anything purchased using this link.