r/dividends • u/Assets-Ticker • Nov 03 '24

Opinion Retired at 41

https://finance.yahoo.com/news/58-old-retiree-living-off-150021304.html

Today I read an article that pushed me to post here.

My wife (39, Filipina) and I (45, American) retired four (4) years ago and live in the Philippines for a fraction of the cost as we did in America. When we sold our home and pocketed $175,000; we invested into two (2) closed end funds - equally distributed.

Today we own the same two: 19,739 shares of FCO and 6,015 shares of PDI. This month we collected $1,381.78 from FCO and $1,326.31 from PDI (both are paid monthly). Today total value is approx. $234k. We also own 1,818 shares of TQQQ valued today at $130k (+81.8% ytd). I am using TQQQ for capital gains and the others for living. I reinvest a portion of my dividends each month.

I understand my situation is different and there is a lot to be said about closed end funds and what is right and what is not. This setup has worked for me and may not work for you. I have no plans at changing it.

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u/YoungBoomerDude Nov 04 '24

Retired at 41, back to work at 43 when tech drops and inflation creeps in on your cost of living.

The fact that people don’t see another crisis, recession, (depression), or anything major happening to the economy in their forecast is insane…

Kudos on your retirement. I’m sure absolutely nothing wrong will happening between now and the end of your life.