As a #retirementincome specialist, I talk often about why #investing for income is a winning strategy when it comes to planning for #retirement. What exactly is investing for income, and why is it superior to investing for growth - especially when the #stockmarket is in a downward trend and accounts are losing value?
When you're invested for growth, it's all about the share price; if your balance goes up, then you win; if it goes down, then you lose; the whole point is that, a few decades down the road, your balance is hopefully larger than you started with.
When you're invested for income, it's not about the account balance, but rather, about the interest and #dividends that you receive from your portfolio. If you're properly invested, you can COUNT on your income - even during times of inflation, high interest rates and unemployment rates, pandemics or war overseas.
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