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Frugality (And Dividends), Not FIRE, Will Secure Your Future

Published Wed, 16 Sep 2020 09:00:00 -0400 on Seeking Alpha

Seeking AlphaPortfolio StrategyFrugality (And Dividends), Not FIRE, Will Secure Your FutureSep. 16, 2020 9:00 AM ET|| Includes: AAPL, AVB, CL, ESS, SBUX, Tby: Rocco PendolaRocco Pendola Portfolio strategy, retirement, dividends, Growth At Reasonable PriceSummaryThe FIRE (Financial Independence, Retire Early) movement provides absolutely no value or utility to investors.
As traditional retirement becomes less of a thing, FIRE renders itself increasingly irrelevant.
The worst thing most young investors can do is join this cult.
FIRE will set most reasonable people up to fail.
Be frugal, buy quality stocks, enjoy your life, and let the dividends fall where they may.
For a movement that provides little value or utility, FIRE (Financial Independence, Retire Early) gets a lot of attention. FIRE proponents like the attention because, in the shell of the nut, the movement is more about them than us.
There's nothing more self-congratulatory than boasting about saving 50 to 75 percent of your income and retiring before you turn 40. Something 99.9 percent of the population will never and should never be expected to do. However, my dislike of FIRE goes beyond the low probability of the average, or even above average, person being able to save an exorbitant amount of their income, consistently, without an investing-related hitch in an absurdly short period of time.
FIRE makes two increasingly irrelevant assumptions that render the movement effectively useless:
That we hate working so much we want to stop doing it as soon as possible so we can finally "enjoy life." That people in their 20s and 30s actually want to retire. FIRE simply isn't feasible for most investors. And it doesn't have to be.
But I Already Enjoy My Life and I Don't Want to Retire
I'm afraid FIRE can set investors up to fail. Or at least feel like they have failed. Young investors already have difficulty saving the prescribed amount - usually about $500 a month for 30 or 40 years - to... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
AT&T 38.38   16.1 2.38 2.04 5.43
AVALONBAY COMMUNITIES 209.53   31.6 6.62 6.08 2.89
ESSEX PROPERTY TRUST 324.02   52.2 6.21 7.80 2.43
COLGATE PALMOLIVE 72.29   27.5 2.63 1.72 2.38
STARBUCKS 92.06   32.6 2.82 1.44 1.59
APPLE 223.08   19.0 11.73 3.08 1.42

AT&T - T
AT&T - T  

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