In 2005, I bought the apartment where I live, taking advantage of an attractive price and low interest rates. While the financial crisis began in 2007, my portfolio was very conservative, with a lot of cash, bonds and defensive stocks. I didn't really see the disaster coming, it's just that the market had risen sharply, I preferred to cover my back, so as not to have to go through the same painful path as in 2000-2003.
In 2008 and 2009, some stocks were trading at particularly attractive levels. Thanks to the cash I had set aside, I made a few targeted purchases, including a real estate fund that offered an attractive and historically solid yield. I also noticed that some quality companies offered generous dividends. But, burned by 2000-2003, I waited until 2010 before starting to invest in dividend-paying stocks. This is the beginning, still modest, of my career as a rentier, 12 years after my appointment with my career counselor. At that time my income is limited to a few distributions. The same year I founded dividendes.ch.
During this period, my job was getting more and more boring. Nothing was ever enough in the eyes of the managers, there was always an excuse to tighten the screw, a drop in turnover, a lower profit than expected, insufficient margins, dissatisfied customers, increasingly strong competition, etc. Any excuse was good enough to make up for it on the backs of the employees. At this point, I had been in the professional world for twelve years, and for that long I felt like I was living in a world in perpetual crisis. And during this time the managers were lining their pockets...
Tired of this situation, I give up my bag and go see if the grass is greener on the other side. You never know. But, after an enchanting start, I quickly realize that the situation is the same, if not worse, than at my first employer. Being a rentier is no longer a simple desire, it becomes a need. Although I have strong shoulders, I know that my body and mind will not be able to resist this crazy environment for long.
In 2012 I rented out my apartment purchased in 2005 and bought another one to live in. I also put it up for sale my e-book on my site. The income from my dividends, real estate and my site is not enough to live on without working but it is nevertheless starting to become interesting and is pushing me to go even further.
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Good evening,
In any case, to become a rentier, you have to target your investments carefully and that takes time.
I agree with you that in a context of economic crisis which will continue (I think so!), we need to have additional income in addition to our fixed salary.
Unfortunately in France, middle class households are poorly or poorly informed in terms of economy and finances. To put it simply, this is due to our parents who are conservative in their investments (savings books and residential real estate) and the lack of financial education especially at school.
For my part, I made a purchase proposal for an outdoor parking space (accessible entry ticket) which I will rent at an interesting yield. Obviously, I do not forget the stock market shares to collect dividends by being selective.
Currently, Wall Street has been coughing for several sessions.
Sincerely.
Hi Sovanna,
It is very good to diversify your investments and not put everything in stocks. Investing in an asset such as a parking lot or an apartment is ultimately not so far removed in principle from buying a dividend-paying stock. What we are looking for is to obtain an income.
Yes, Wall Street has been coughing in recent days. I would like it to continue a little bit so I can make purchases!