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  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    HBultman, thanks. I'm learning as I'm writing as well and I learn lots from the comments. :)
    Jul 29, 2015. 06:11 PM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Raptor, hmm, if memory serves me right, I thought Buffett sold his XOM and bought some SU.
    Jul 29, 2015. 06:10 PM | 1 Like Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Raptor, I see your point. I think for oil majors such as Exxon or Chevron, it actually might work in the reverse because earnings are dropping due to the lowered oil price, leading to a high P/E. Given that we expect higher oil price in the future, today's high P/E would be a temporary event. Just speaking my thoughts out loud.
    Jul 29, 2015. 12:12 PM | Likes Like |Link to Comment
  • General Motors Is Attractively Valued [View article]
    Netgen, if I buy GM, it wouldn't be viewed as a long-term dividend growth holding in my portfolio, but a turnaround story that pays a dividend.

    I'm mostly a dividend growth investor, but I also have a small part of my portfolio buying certain stocks for trades.
    Jul 29, 2015. 01:37 AM | 1 Like Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Raptor, thanks for your comment.

    "in the long haul what you paid for something 10 years ago may not have any relative value today" -- I believe others have written on this subject before, that even when someone overpaid for a quality company 10, 20 years ago, they still can get acceptable returns.

    "Take Exon for example, from what I have seen Exon typically trades about 9 to 11x ttm earnings.lately it has been in the 13 to 14 range so that might have a current market value of 1.5x positions." -- Correct me if I'm wrong, but are you implying it's better for investors to buy an oil major such as Exxon Mobil when it's at a higher P/E than normal? I think I've read this observation on here as well, and I suspect you maybe right. I would look forward to your article if you decide to write on the topic.
    Jul 29, 2015. 01:34 AM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Glin, same here, I new positions are typically small as well, but I add to my holdings over time.
    Jul 29, 2015. 01:26 AM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    RLLH, I agree with having a flexible range of portfolio allocation on any stock.
    Jul 29, 2015. 01:25 AM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Hardog, we're in agreement on look for value and cross checking the metrics that matter to us as well as multiple fair value ratings. I need to keep reminding myself that the fair value estimates changes -- typically the high quality businesses' fair value estimates are raised in time, while others maybe reduced (look at the miners and energy companies for example).
    Jul 29, 2015. 01:23 AM | Likes Like |Link to Comment
  • General Motors Is Attractively Valued [View article]
    KBC, thanks for the link. Won't more people read your article if you published exclusively instead of on your instablog?
    Jul 28, 2015. 02:03 PM | Likes Like |Link to Comment
  • General Motors Is Attractively Valued [View article]
    Netgen, I'm not sure GM would be a good long-term investment as you mention it has been "a badly run value trap for my entire investment lifetime of 40 years". Rather, I would buy it for a trade if I had excess capital on hand.

    That said, the challenges that you listed are worth pondering about, as well as the industry being a high investment low margin business.
    Jul 28, 2015. 02:00 PM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Fed,

    "For instance, if I set $10,000 as a core position what do I do if over time one stock appreciates to $20,000 and all my other core positions only appreciated to roughly $15,000. Am I obligated to trim some of my now $20,000 stock?"

    It really depends on your comfortability. Some would argue not to trim so as to let your winner run as you did. It must be outperforming for a reason. At worse, the market is being overly positive about the company.

    The outsized positions matter less especially if you're still building your portfolio and adding new money each month/quarter.
    Jul 28, 2015. 01:53 PM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Allday,

    "look at which ones have been performing well and either add to them or venture out into another stock that has shown good value that I do not own" -- I think "value" is the keyword here because I don't think it's wise to add to a stock just because it has been doing well as it could very well be overvalued at that point. So, looking at the value you're getting for your dollar is more important than the stock's performance...unless you're talking about dividend growth performance, then that's different. i.e. A stock has been growing its dividends at a double-digit rate and that's supported by growing earnings.
    Jul 28, 2015. 01:46 PM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Tondi, having flexibility is nice, and that's probably why we manage our own portfolio. We can tweak our portfolio / buys / sales based on our current need or anticipated changes into the future.

    So I agree there's no need to tie down ourselves to a rigid definition of "position". And like you've done with AAPL, sometimes, we need to make some exceptions for our exceptional performers, whether they "specialize" in capital gains or dividend growth or both!
    Jul 28, 2015. 01:42 PM | Likes Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Thanks BoomBoom.

    Looks like your plan is working nicely, and I'm excited for you that you'll soon be tapping into your nest egg. :)
    Jul 28, 2015. 01:38 PM | 1 Like Like |Link to Comment
  • What Makes A Full Position Or Half Position In A Dividend Growth Portfolio? [View article]
    Con, I wish it were like that here. Oh well, I can live with it. If anything, the higher fee should make me think twice about my purchases and sales.
    Jul 28, 2015. 01:36 PM | Likes Like |Link to Comment
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