“When retiring on investment income alone, it is important to address all the risks,” said Asher Rogovy, chief investment officer of Magnifina, an SEC registered investment advisor firm.
“It’s not as simple as simply trading a portfolio of growth stocks for dividend stocks upon reaching retirement,” [Rogovy] said. “Rather, we gradually shift the portfolio’s focus as retirement approaches.”
“Sudden layoff announcements can be a sign that management is too short-sighted. However, they are often effective and can serve to get a company back on track.”
Asher Rogovy, chief investment officer of Magnifina, pointed out, “The greatest long-term investors like Buffett made their fortune from holding a few top stocks rather than trading in and out of hundreds.”
