Many of my readers would like to ensure that they can do that successfully if they intend to retire from work and live off the income from their portfolio.
However, a rising market will make you anxious. You have benefitted from the good times in the market, but now you fear that the downturn is around the corner.
How should your setup be so that you can navigate this “problem” successfully?
I will keep this short. If I wasn’t clear about certain parts, let me know in the comments or the chat.
Why does this problem happen?
At some point, you have the intention to take your foot off the pedal and stop work completely so there is a certain milestone date.
The market will move along without care of your financial goals. There will be a bull run, follow by a bear market, then follow by a bull run, follow by the bear market.
You may have a choice when you wish to completely stop work, but some may not have a choice.
Whether you have choices or not, you would be interested in learning about the effects so that your plan can be better and not collapse on you.
A part of the plan is whether you have a good financial plan that considers all the necessary life considerations. You should take care of that yourself or find someone competent to help you. I will keep this part of the problem out of the equation.
If you need $1000 yearly on a periodic basis, you need a reliable stream of income to cover that and a portfolio with a certain strategy provides that.
The problem is:
The market won’t tell you whether you are currently in a good or poor market because
