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Dale Roberts

 
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  • Setting Up The Young Person's Portfolio [View article]
    BCE has a payout ratio of 95%? The key to success appears to be that dividend growth combined with low payout ratio.

    Here's The Most Important Article I Could Ever Write On Dividend Growth

    http://seekingalpha.co...

    And in this article is links to the low payout ratio studies.

    How to get the most out of dividend growth.

    http://seekingalpha.co...

    It may not be that hard to beat the market if you invest for the longer term with patience and invest for total return acknowledging that the income does not 'really' matter for now. Dividend growth is a divining rod for value. Invest for portfolio value growth, not income growth.

    Dale
    Jul 13, 2014. 08:09 AM | Likes Like |Link to Comment
  • Setting Up The Young Person's Portfolio [View article]
    CDG... "The fact with low yielders and high growth is that, it takes time for the dividend to grow from $0.20 to $0.80 as per your example".

    Don't worry about the yield, you're not spending the money. The only thing that matter in the accumulation phase is total return (at the proper risk level).

    In the end it will simply come down to how much do you have to fund retirement. It is that simple.

    Why not take the simple gift of dividend growth companies that has outperformed the broader market, in index form such as the dividend aristocrats (now available in NOBL).

    http://seekingalpha.co...

    Or perhaps Vanguard's VIG or the SDY or Vanguard's managed VDIGX.

    But it is about total return. Those who invest for total income and manage the income appear to underperform, and do not take dividend growth's obvious gift.

    Dale


    Jul 13, 2014. 08:02 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    And congrats on your success, you would obviously be one of the "Intelligent Investors".

    It's likely not a very large group. Always nice to know of those how have lived it, and succeeded.

    Dale
    Jul 11, 2014. 07:36 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Hi hardog, yes if you have gov pension, you are likely covered on the fixed income side.

    As has been written we should certainly monetize those pensions and include them as fixed income in portfolios. I would guess that you are in the fortunate situation that taxation becomes an issue for you?

    Dale
    Jul 11, 2014. 07:31 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Hi Rich, to add, if rates continue to fall then the bonds will increase in price, adding a rebalancing opportunity for those Treasuries or other longer dated bonds that might be held. One might sell some of the ladder in case of a correction as well.

    As for the ladder it's greatest gift would be stability and for sure, the possibility of very modest gains. That ladder too though could provide an opportunity to purchase stocks when they go on sale.

    I am ready for any correction, in fact I will embrace it, as it will set me up for retirement - ok semi retirement.

    I use a corporate ladder that pays over 4%, plus i hold some high yield for U.S. and Canada that pays over 5 or 6% plus the broad based bond index in our Tangerine Portfolios.

    Dale
    Jul 11, 2014. 07:27 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Hi Rich the study mentioned is certainly total return.

    Dale
    Jul 10, 2014. 06:53 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Thanks Counter, I will have a read.
    Jul 10, 2014. 06:52 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Hi sunny pt, as always bonds are used for risk management, and they offer that rebalancing opportunity as well. As I have written there may not be much money to be made from here on equities - that is over the next several years or decade. Whoever captures 'the most' at and near the next bottom is likely to prosper at the greatest level. That's usually the case as Mr. Buffet would suggest.

    I will be happy to purchase more equities (and even overweight) when there is obvious value. Bonds will allow me to have that dry powder.

    It can go beyond risk management.
    Jul 10, 2014. 06:51 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    there is a legal section on the site. not sure what a controlling doc is.

    Dale
    Jul 9, 2014. 03:20 PM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Hey congrats on Vanderbilt. Too bad Beede is not a Blue Jay, ha. We were in Michigan last weekend for a tourney. Won a couple of games, beat a good OHIO team, then lost to a really big and older Michigan team. They use a May age cut off in the U.S., we use December. Tough when our guys (we have a small team) go against the bigger boys who have 40-50lbs on most of them. The U.S. kids can sure hit the ball. Good experience for the kids though.

    Will have a look at the draft to see where Beede ended up.

    Dale
    Jul 9, 2014. 09:58 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Hi - fees? Ha, we don't have fees at Tangerine on savings or GICs. Other banks charge fees on GIC's?
    Jul 9, 2014. 09:53 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Thanks comewithme, that's some great input. For sure, when we look at stocks and bonds working together (and we always should) it's true that we may not really need to do much beyond have a well diversified bond portfolio or buy the broad based bond index such as AGG in the U.S. or DEX Universe in Canada.

    If you have some links that would be greatly appreciated. I agree that the longer dated bonds provide more of that inverse relationship.

    Perhaps the ladder becomes more useful when one is weighted a little more heavily to the bond side.

    Dale
    Jul 9, 2014. 07:26 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Thanks fliper, will have a read.
    Jul 9, 2014. 07:20 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    Thanks Southgent always appreciate your input, i would advise readers to check out your blog and your comments. i would imagine you would help as well if they sent you a note.

    I see that we both hold CBO (so you do hold a ladder, ha). Guess you are suggesting that there is a good product in Canada, but not the U.S. on the fund side for ladders?

    Thanks again SG, hope all is well.

    Dale
    Jul 9, 2014. 07:19 AM | Likes Like |Link to Comment
  • Getting The Returns Without The Risk [View article]
    yes, the shorter ladders can respond quicker to the rising rate environment, the studies seem to show that sweet spot, as per article.
    Jul 9, 2014. 07:15 AM | Likes Like |Link to Comment
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