Doug Meeks is a Registered Investment Advisor in Plano, Texas. He is the Principal Advisor for Pier LLC, an investment management company. The focus at Pier is to build and manage income-producing portfolios for our clients. We provide individual service to those who are inclined to see their money working for them. Growth and income do not have to be different parts of your portfolio.
I've been interested in the markets for a quarter-century. I've done all right, but it took me a long time to realize that I'd made far more money from investing than I ever had from "trading." It turns out that investing boils down to five simple words: buy right and sit tight. Buy great companies (when they can be bought at a good discount), and hang in there until either the earnings dry up or the stock becomes significantly overpriced.
You don't plant a tree and then uproot it just because a branch fell off, or because you think winter is coming. You just stand back and let it grow. (On the other hand, if someone comes along and offers you a thousand dollars for a tree that's only worth three hundred, sell it to him and buy some good saplings with the money.)
The paradox of investing is that tomorrow's price doesn't matter. Value matters. Focus on today's value, and tomorrow's price will take care of itself.
Mechanical Designer just retired in 2016. Investing for almost 2 years, learning about Dividend Investing, and reading Seeking Alpha daily. Following: Dividend Nut, Bob Wells, Chowder, David Fish. Mike Nadel, Brad Thomas, Chuck Carnevale, Dennis Dugan, DGI Guy, Dividend House, Dividend Sleuth, Eddie Herring, Erick Landis, Rose Nose, Regarded Solutions, and Eric Parnell. My self invested Portfolio is made up of all Dividend Stocks . The Dividend Stocks I am invested in for long term are: AAPL, ABBV, BCE, CAT, CVX, DE, DUK, ED, EMR, GIX, GPC, GWW, HCP, HSY, IBM, ITW, JNJ, KMB, KO, LMT, MAIN,MMM, MSFT, O, OHI, PEP, PG, PPL, QCOM, SCG, SO, SYY, T, TGT, TMP, TROW, VZ, WEC, AND XOM.
Owned three distinctly different businesses over my 40 year professional life. Recently sold my business and retired. Now, a Private Investor who has been in the stock market for approx. 50 years since I was 13 or so. Main focus now that I am retired is dividend paying equities which include CEF's, REIT's, BDC's and MLP's. Goal is to live on the income w/o touching (and hopefully growing) the principal.
Retiring to Maine seemed like the American Dream back then:
Today I would picture myself sipping cold brewed Starbucks in LL Bean slippers in front of the Vermont Casting gas fireplace in the sunroom. Later a little snowshoeing in the woods before a lobster Mac and cheese lunch followed by a nap in the Lazy boy recliner.
“If you just sign the payroll deduction form we can get your retirement started all with the help of American Funds”, the broker/adviser said. He made it sound so easy.
Thirty years later reality sets in. The broker is on his sail boat and I'm wondering where my yacht is. Must be docked with the other customer's yachts.
Today, I’m trying to convert a very modest assortment of American Funds into a dividend paying portfolio that will beat my RMD and supplement SS.
Enter SA and the “new achievable” American Dream. With the help of some very knowledgeable SA authors and a bit of luck we will make it and SWAN too.
In the spirit of full disclosure, we have all the goodies described in the first paragraph plus our yacht is a 12 foot Carolina skiff. It still is nice to grab a quick NCL cruise to Bermuda or a longer one to the Caribbean using some of those delicious dividends.
Semi-retired old f......t who is still learning how not to get burned in the market. Very small retirement portfolio, which is making me progressively more cautious. Living in central California, but, if my health declines further and I am forced to surrender my part time position, considering moving back to my Texas home state to a small, inexpensive town near the DFW area, where my better half and I can exist on my SSA and her modest job....