Cutting Alibaba and investing for income.

The reader who invested in Alibaba at $220 a share has thrown in the towel.

He now wants to invest for income to recoup his rather massive losses.

If you do not know what I am talking about, you might have missed this blog:

Invest in Alibaba? High risk, high reward?

AK says:

Investing for income is not about getting rich fast.

It is more about getting rich slow.

It definitely isn't sexy and it can even be boring.

I have a weak heart.

So, boring isn't a bad thing.

What is investing for income?

In a nutshell, look for bona fide income producing assets and pay a fair price for them.

Of course, if we can pay an unfair price for them by paying less than what they are worth, even better.

Remember, if it looks too good to be true, it could well be too good to be true.

See:

Is Eagle Hospitality Trust worth it?

and

$71,000 in alternative or bogus investment?

I know some people are losing more than money as stock prices plunge.

Some are losing their minds especially those who are speculating or investing with money they cannot afford to lose.

If we are investing for income, we should be less concerned with prices but more concerned with value. 

Buy income generating assets at prices which make sense to us. 

Do not chase rising prices.

Do not fear falling prices. 

Do it right and we will be rewarded over time.

If AK can do it, so can you!

Reference:
Investment philosophy is timeless and so is ASSI.