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Dale Roberts

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  • Actually It Is All About Total Return...Totally! [View article]
    Thanks tallguyz, always a great idea to do an audit every now and then. I am doing the same with holdings and fees.
    Apr 9 01:12 PM | Likes Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Hi Bob, that was not my suggestion it the article, it certainly talks about transitioning over many years.

    Only if one gets really lucky will they have to make some quicker decisions.

    Thanks, Dale
    Apr 9 01:11 PM | Likes Like |Link to Comment
  • How Strong Are The Dividends At Tupperware Brands? [View article]
    David Fish (on another TUP article comment) did the payout ratio calculation and came to 48.5%, and they have a 50% target. Future div's will be decided by earnings and revenue growth, or a change to payout ratio policy.

    Revenue is flat over last 3 years? Wondering if this one has already bumped up against the wall, potentially?
    Apr 9 07:59 AM | Likes Like |Link to Comment
  • What If My Stocks Crash And Burn? Part 1 [View article]
    Hi Faye, as the author of the said comment " are you comfortable with a 50 or 60% drop in portfolio value?" glad to see you write this article.

    But I would also ask what you are doing to reduce the risk in your portfolio if you are not comfortable with that 50% drop or more?

    Diversifying into more stocks? :)

    Just wondering what you are doing about managing that risk.

    Dale
    Apr 9 07:15 AM | 1 Like Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks Math Guy, your point one has a few mentions in the article. Hmmm? did you read the article :)>

    Number 2 is addressed in the transition phase 'stuff'.

    Dale
    Apr 9 06:52 AM | 1 Like Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks drftr for the thoughts and kind words. I think you are talking about wedging into the spending stage early by converting many of the assets to dividend growth holdings?

    Off the top I think many will or should manage the holdings well in advance of that retirement date, or spending stage. That is start to protect the income and the portfolio value to lessen any shocks of the market.

    All said, this transition area is perhaps one of the most fluid and changing and evolving stage(s). I don't think it's that difficult, but everyone is so different. Everyone has life events. People change their objectives, life events change their needs for wants in retirement, or semi-retirement (see?).

    But I think DG would be a staple of many spending portfolios for that income growth (inflation protection) and income 'protection'. Converting years before that retirement date, to a large percentage of DG, might be a great strategy to manage that risk.

    That said, dividend growth income is not guaranteed as we saw in the last recession when very considerable percentages of dividend growth aristocrats and champions and contenders cut, reduced or eliminated their dividends. There's always risk to manage.
    Apr 9 06:49 AM | Likes Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Yes, there's that ability to juice the yield on the other side, reducing the amount required to hit that number.

    Two sides to the coin.
    Apr 9 06:33 AM | Likes Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks Jolcath, I will chime in eventually, but would certainly be interested in hearing what ideas are put forth for you by the SA folks.
    Apr 9 06:31 AM | Likes Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks richin, I am glad that you agree and disagree, ha, that's what SA is all about.

    Investing is never completely safe, it is always risk that we have to manage, even when we are in cash. Risk is simply something that we have to manage, and we can. See my articles on bonds and asset allocation. Our 70% bond to 30% stock portfolio fell by only 9% in the last recession, compared to a 60% drop in the market. Our 60% stock to 40% bond portfolio fell by 20% in the last recession. That's risk or volatility management.

    Making that switch to the distribution phase would certainly take some planning. And for many it would happen over years. It's not that difficult to build a higher income portfolio with some income growth, portfolio price protection and income 'protection'. But nothing is ever a guarantee. Man dividend growth stocks got hit hard on the income front in the last recession. There are always risks, but always methods to manage that risk.

    When are you looking to hit the spending stage?
    Apr 9 06:24 AM | Likes Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Hey Mike sticking to that plan will be perhaps the most important component. Steady as she goes.
    Apr 9 06:16 AM | Likes Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks peterad, I would certainly suggest ETFs for small cap or most investments.
    Apr 9 06:15 AM | 1 Like Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks planning, I think that is a great example. Warren is a value investor who provides total return for his fund holders.

    And again the article is not about total return vs dividend growth, it is about focusing on total return, even for those investors who embrace dividend growth.

    Warren's greatest lesson might be that patience that you mention. That is the most important trait IMHO, more important that the strategy and the holdings in many or most cases.

    Have a look at David Crosetti's articles. He is patient, long term and holds his core forever like Warren, and he has grabbed the market beating returns available from dividend growth stalwarts.

    Thanks for stopping by.
    Apr 9 06:13 AM | 1 Like Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Not to pick on anyone, but he underperforms the broader market, and simple dividend growth ETFs and the Aristocrats on total return.

    That was the point of the article.
    Apr 9 06:08 AM | 1 Like Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks Ckent, I always suggest to each his or her own, and acknowledge in the article that if one needs to manage risk by watching the income that's more than great if it helps them stay the course.

    I think we agree on most. An investor could hold man dividend stalwarts and many of them could likely remain in the portfolio through the spending stage.

    But $2 mil is still bigger than $1 mill :)

    Always to each his own and we are all so different and move in and out of different stages in our lives, due to life events and priorities that change.
    Apr 9 06:05 AM | Likes Like |Link to Comment
  • Actually It Is All About Total Return...Totally! [View article]
    Thanks for that retail, more to come on said distribution phase strategies and risks.; There are many ways to slice that stage, and many considerations.

    But I'd rather start that phase and make the decisions with that $2 million.

    Dale
    Apr 9 05:59 AM | Likes Like |Link to Comment
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