The Mind of a DIY Income Investor

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Your actions are a result of your thoughts - and I think a DIY Income Investor needs to be a thoughtful (and patient) type of investor.
 
Let me tell you a little about what has formed my own DIY Income Investing thought processes.

The Making of a DIY Income Investor

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As is pretty obvious, I advocate an investment style that is addressed primarily at generating income rather than ('overnight'?) capital gain. What is more, I strive to Do It Myself.

So what has led me to adopt this particular approach? How did I come to inhabit this particular niche in the private investor biosphere?

Retired? Get 25% Instant Return!

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You're retired, you've taken your pension and you're done with  all of that. Or are you?

Assuming you have enough income, not necessarily.

And just to make it interesting, how about a 25% instant return on your money?

Pennies From Heaven

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For me, there is always something magical about interest on savings. You don't do anything more than give a bank a wad of cash (usually electronically, in my case); it goes quiet for a while and then out trickles some interest, which together with other rivulets of cash feeds a growing river of income. (At least that is the theory.)

But, as in the film Neverending Story the approaching wave of darkness - The Nothing - threatens to destroy this magical world of interest...

Is the US Bankrupt?

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The DIY Income Investor portfolio is limited to securities quoted in Pounds Sterling on the London Stock Exchange - and I don't recommend currency speculation, unless you really know what you are doing.

However, most of the companies and banks that are quoted on the FTSE are participants - to a lesser or greater extent - in the worldwide economy. And the main engine of that world economy is the US.

But is it possible that the US is already bankrupt - a dead man walking?