Retirement Income

Stocks and Options

December 10th, 2007 at 5:55 pm

New Tagline

You may notice that I changed the tag-line in the blog heading.  I decided that the previous tag-line was a little misleading, suggesting that I was to rely entirely upon my stock and option activity for my “retirement” income.  While that has been pretty much true since I “retired” in April of 2005 it has never really been my intention.  After all, we are talking about the stock market with all of the uncertainties that entails.

At some point I intend to monetize this site and to create other monetized sites.  I believe in the philosophy of multiple stream of income.  I came across this term a few years ago in one of the many books I have read.  Basically, if you have multiple streams of income then you are not dependent upon any one of them if something goes wrong with one of them.  I’ve been down-sized in the past and have had to reduce my own staff multiple times at my most recent employer.  My being down-sized was okay but I know that it was devastating (at least emotionally if not financially) to some of the people that I had to let go.  Having multiple streams of income mitigates both the financial and the emotional impacts.

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