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Retiring early is an elusive goal! Everyone wants it, but a limited number of people are willing to do the work required to get there. But, not Eric Cuka!
Eric, as you might have heard in one of latest episodes of Renegade Investors podcast, is on the mission to retire in his mid-40s, gain the freedom to do what he likes to do and maybe do a little bit of globetrotting with his wife. He plans to do all that using his Get F.I.R.E.D. Up investment approach. And, that's the portfolio we are launching today for Stock Card VIP members.
There is no magic formula behind gaining your financial freedom and not having to work for money. There are three steps:
It's a mix of aggressive growth investing to start with and a gradual transition to dividend growth investing. How does it work exactly? Scroll down to learn more ...
You'd need to invest in stocks with aggressive growing power to increase your net worth as fast as possible. Whatever you can save every month, can be boosted significantly by careful but aggressive growth investments. Eric will include some of such companies in his Get F.I.R.E.D. Up portfolio. In the Portfolio Planning sheet that all Stock Card's portfolio publishers fill out, Eric wrote: "Generally, I follow long term cycles for growth, such as cloud technology, autonomous driving, etc.". And, from my conversions with him in the past few days, he has picked up quite a few aggressive growth stocks in his Get F.I.R.E.D. Up portfolio to take the most advantage from the recent stock market downward trend. When everyone panic that the share prices are falling, savvy investors like Eric who have a plan, invest more aggressively.
Gradually, as you grow your money using such aggressive investments, you have to transition them to the safety of dividend-paying stocks. Eric also included some of such dividend-paying stocks in his Get F.I.R.E.D. Up portfolio. Those dividend-paying stocks are not just any random dividend-paying companies. As Eric puts it in his Portfolio Publisher planning sheet: "Generally, I prefer a dividend payout ratio of less than 50%, constant dividend growth of 5 or more years, dividend yield of 3% or less, and, of course, a quality company with a high probability of future success."
Make sure you have clicked on the bell icon on the top-right corner of the portfolio to get notified when Eric adds a new stock. You can always sort the stocks included in each portfolio by the Decision Date column and discover the latest additions.
Without further ado, today's Stock Card VIP picks are 11 companies that mark the launch of Get F.I.R.E.D. Up portfolio! Get "fired up" now!