My goal is to invest for income and growth. I am targeting income to be stable, paid monthly and sufficient to cover expected living expenses when combined with social security. This will be done through bond ETFs such as SCMB and SCHZ/BND. For growth, I plan to but have not executed investing primarily in index ETFs such as VOO (S&P 500) and MGK (Large Cap Growth).
I have started investing in the bond ETFs. I am still waiting for the long expected correction before investing in VOO and MGK.
I hope this strategy will make me immune to drops and keep me steadfast in following the strategy.
Friday's volatility was a good test of my commitment to the strategy. Even with the morning steep declines of several growth stocks, I did not panic sell. In fact, I started planning on investing in VOO and MGK by setting buy targets.
It's a good thing I didn't not sell any core investments. The market rebounded and closed about even after being down as much a 1.5% during the day. Another day of volatility that turned out be a nothing burger.
This is not financial advice. Please consult a professional advisor.
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