# Financial advice

**URL:** https://forums.speedlife.net/t/financial-advice/187705
**Category:** PittSpeed Off Topic
**Created:** [January 29, 2007, 12:26pm UTC](https://forums.speedlife.net/t/financial-advice/187705 "2007-01-29T12:26:57Z")
**Posts on this page:** 1
**Showing post:** 14

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### Author: ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)
#### Post date: [January 29, 2007, 3:37pm UTC](https://forums.speedlife.net/t/financial-advice/187705/14 "2007-01-29T15:37:31Z")

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> [@nyspeed help me decide!](https://forums.speedlife.net/t/nyspeed-help-me-decide/27573/35):
>
> Very cool, welcome to freedom and financial independence in your retirement.
> 
> Remember that you’re funding retirement like jay said…
> 
> One fairly common strategy is to diversify by buying 5-10 high quality dividend paying stocks and medium term/medium interest bearing/investment grade bonds, and let the dividends and income work their magic. Enroll all the stuff in dividend re-investment and forget you have it.
> 
> Stay the course (cliche, I know) by putting cash into the Roth IRA at regular intervals and make sure you have the cash working (like they pay you for having just cash in it, money market type thing). When you amass some chunk of change to buy 25 or 50 or 100 shares of one of your investments, buy another set of units of one of the things that is currently “beaten down” a little in price.
> 
> Dividends and corporate quality is the key. Stuff like Bank of America, Coca Cola, Pepsi, Proctor and Gamble, Johnson and Johnson, etc.

How do you know all that?

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