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Eddie Herring

 
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  • Young Canadian Portfolio [View article]
    Faye

    Good article. I agree with your view on risk that the foundation needs to be in place first. I tend to think that a younger person starting out investing is going to have even less money they can afford to lose which means to me they should take less risk. But that's just me.

    The only ones on your list I've held are RY, V, and CNQ but don't hold any of them currently. CNQ was the most recent but I took profits on it a while back. Held V and RY several years ago. I'm not familiar with any of the other Canadian companies.

    Enjoyed the article.

    Eddie
    Sep 27 10:57 AM | Likes Like |Link to Comment
  • Let's Talk About The Nifty Fifty And Dividend Growth Investing [View article]
    Mike

    Nice article, you've been on a roll lately.

    I think you've made a good point, that an investor doesn't have to be sophisticated, doesn't have to have an MBA or an investment/finance degree, or have worked for a broker for 20 years to be successful. And one can even make a number of mistakes and still come out successful, IF they're willing to stay in the market and be patient.

    Of course, it helps if one picks quality businesses and monitors the business fundamentals of those companies, and doesn't let volatility, talking heads, or naysayers motivate them to do dumb things.

    We'll always have those woulda/coulda/shoulda experts that can predict perfectly in hindsight (is that a contradiction in terms?) that we should just invest in an index, or SPY, or ETF. Reminds me of those Monday morning quarterbacks who knew all the right plays to call. But they never seem to be making a living or a fortune making all the right calls. Go figure...

    Anyway, enjoyed the article.

    Eddie
    Sep 26 06:10 PM | 4 Likes Like |Link to Comment
  • Surviving A Worst-Case Scenario To Become A Dividend Growth Investor [View article]
    Mike

    So you're saying that if one invests in quality companies, like PG and MMM and even in one like GE that pulls a cut, and doesn't get scared out of their positions, that its pretty hard to lose money if you're patient. Is that what I'm reading? Heavens to Betsy, who woulda thunk it?

    Good personal story of being patient and what can happen when you don't panic. Lots of good lessons in your article. Best wishes,

    Eddie
    Sep 21 05:20 PM | 4 Likes Like |Link to Comment
  • How A Dividend Growth Investor Can Cope With Risk [View article]
    Dave

    Great 2 part series. I guess like my outlook on a lot of things it's different than the average bear, as Yogi used to say.

    I tend to think my greatest risk stares back at me in the mirror in the mornings. Consequently, it means that managing risk means spending more time managing myself and my own thinking about what my investments are doing or not doing. I certainly don't equate it with volatility.

    I've found over time that when I get that part (managing myself, following my principles, plan, etc.) right, the majority of the time the other things work out right. Not a 100% guaranteed batting average, but it's pretty high.

    Again, great articles. Best of luck with your move and new house,

    Eddie
    Sep 21 05:13 PM | 2 Likes Like |Link to Comment
  • Performance: How Do I Measure Thee? Let Me Count The Ways [View article]
    Robert

    Good article.

    Oddly enough, when reading it the response "just because" came to my mind. It's what my parents used to tell me pretty often when I'd get in to an asking "why" mode. Most of the time as a youngster it satisfied me. Sometimes I still find myself saying it, lots of years and lots of water under the bridge since then. Why do I like invest like I do? Just because...

    Eddie
    Sep 21 04:45 PM | 2 Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 3 [View article]
    Bob

    Good continuation of your series. Of those listed I own CVX, CLX, XOM, MCD, COP, GIS, and SO. Of the remaining I can't say which I'd buy without doing an analysis but CBRL is one I've been watching for a little while. Take care,

    Eddie
    Sep 18 06:52 PM | Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    Bob

    Nice update to your series. I'm long SO, COP, and GIS on your list. Keeping an eye on Cracker Barrel but haven't ever pulled the trigger yet. Keep up the good work.

    Eddie
    Sep 4 10:01 PM | Likes Like |Link to Comment
  • History Lessons: Surviving A Recession, Tuning Out Noise And Moving Beyond Mistakes [View article]
    Mike

    Great article. Quick question though, did your neighbor know you were chilling in his pool? ha, just kidding.

    Actually, I'd say your analysis of your selling of 3M was 3X profitable. You profited by understanding that you have the emotional ability to hold during those gut-wrenching times of dropping prices, you profited once in selling a portion of it for a profit, and you profited again in learning that you shouldn't have sold it, that you are better off to "focus on the company and its fundamentals, not outside noise;"

    Again, great article.

    Eddie
    Sep 4 09:11 PM | 4 Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? Part 1 [View article]
    Bob

    Good article. To answer your question near the end a margin of safety is very important to me. Dividend growth is also important. Chowder rule somewhat but less so than margin of safety.

    But more important to me is that the business have an economic moat, i.e. a strong competitive advantage. The reason I say this is that I can buy with a margin of safety and the price continue to drop like the proverbial falling knife. The dividend growth can stagnate.

    However, if I buy a company that has a strong competitive advantage, then the likelihood of the company getting in trouble and reducing/stopping the dividend and the price continuing to drop is reduced. It's not guaranteed but the odds become more in my favor.

    So when I'm looking at a company to invest in, I want a good company with a strong competitive advantage, shareholder friendly management, and one I can buy at a good price and own until I'm really old (ha). Finding them hasn't been easy over the past several months. They're out there but you really have to dig for them.

    Again, good article. Eddie
    Aug 28 07:54 PM | 1 Like Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Robert

    Good article and excellent commentary. Thanks for starting the conversation.

    I retired at age 54 and also did several spreadsheet analyses and decided to take SS at age 62 (I'm 61 now). In the intervening years since I've continued to do some contract work that provides substantial income over and above my pension. Now my thinking is that if I'm still continuing to work and receive that income, I'll delay SS until I stop doing that contract work.

    My point is that over time our options and/or choices can change. The best we can do is utilize the information we have at the time and make the most appropriate decision for our circumstances at that time. Even with that there are still so many different ways to peel the SS onion and its complexity that it makes it one of those potential "life-altering" decisions. And a hard to undo decision.

    Again, thanks for starting the conversation.

    Eddie
    Aug 26 07:32 PM | 3 Likes Like |Link to Comment
  • Adding Income And Growth To Your IRA With The CCC DiviDogs [View article]
    Miz

    Nicely done and very informative article. Will enjoy following the future reports.

    Eddie
    Aug 23 11:36 AM | 2 Likes Like |Link to Comment
  • New Dividend Challengers Should Carry Warning Labels: "Caution! Not Recession Tested!" [View article]
    Mike

    Good article and you are absolutely correct. Not only is David Fish's CCC list a good place to start our research but he has done (and continues to do) us all a great service with his list.

    As you point out, it is only a starting place for doing further research. My belief is that you have to dig in to the underlying business. Does it have an economic moat, does it have the fundamentals and future cash flow probabilities to continue paying an increasing dividend and so forth?

    I like Hershey, oh, and Russell Stover, and Whitman's, and Ghirardelli, and Nestle' and Mars, Cadbury, and, well, you get the point...

    Eddie
    Aug 22 07:40 PM | 7 Likes Like |Link to Comment
  • Our Retirement Portfolio Business Plan - Legacy Edition - Part Two [View article]
    "After all I told her "I could be supporting a dozen mistresses..."

    Hardog

    Reminds me of the guy that told his wife when she turned 40 years old he was going to trade her in on 2 - 20 year old's and she told him he wasn't wired for 220. :)

    Eddie
    Aug 20 07:49 PM | 7 Likes Like |Link to Comment
  • Wal-Mart: Where Is The Company Investing? [View article]
    Tom

    Nice article. I read the quarterly report as well and came to the same conclusion as you. I had heard of the issues with staffing from local Wal-Mart employees so I was glad to see they were addressing it. Long WMT as well.

    Eddie
    Aug 19 06:56 PM | Likes Like |Link to Comment
  • Our Retirement Portfolio Business Plan - Legacy Edition - Part Two [View article]
    joni

    Thanks, glad you liked it.

    Eddie
    Aug 19 05:58 PM | Likes Like |Link to Comment
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