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Eddie Herring  

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  • Warren Buffett's Big Oil Mistake And What His Response Tells Us [View article]
    Paul

    Very well written and researched article. We have in common the practice of observing and studying Buffett's history. I believe I've learned a lot from his writings. Haven't agreed with everyone he does or says, nevertheless I acknowledge his skills and want to absorb as much as I can.

    Eddie
    Feb 11, 2015. 08:04 PM | 1 Like Like |Link to Comment
  • A Time Saving Shortcut For Stock Prices [View instapost]
    Med

    You're welcome. Hope it helps.

    Eddie
    Feb 10, 2015. 07:23 PM | Likes Like |Link to Comment
  • A Time Saving Shortcut For Stock Prices [View instapost]
    Chump, I'm not familiar with that error message but let's check something first. Go to Excel Options and then Add-Ins. Look and see if it shows under the Active Application Add-Ins the "Stock Market Functions Add-In." It should show it and the location on the computer it's in if its set up correctly. The location should be something like C:\SMF\RCH_Stock_Marke... and then the type would be Excel Add-In.

    If that's not there then that's the problem. It means the download of the zipfile didn't install correctly. If it is there then it may be in the formula settings.

    Eddie
    Feb 10, 2015. 07:23 PM | 1 Like Like |Link to Comment
  • A Time Saving Shortcut For Stock Prices [View instapost]
    To All:

    SA is leaving out a portion of the formula above for the number of days holding a position. It should be =TODAY immediately followed by an open parenthesis and then close parenthesis and then followed immediately by the minus sign and the cell location. There are no spaces in between any of it.

    Eddie
    Feb 9, 2015. 11:11 PM | Likes Like |Link to Comment
  • A Time Saving Shortcut For Stock Prices [View instapost]
    MLBerk

    Thanks. And thanks for the additional info.

    Eddie
    Feb 9, 2015. 11:08 PM | Likes Like |Link to Comment
  • Portfolio Business Plan - 2015 [View article]
    Bob

    Good update. I couldn't agree more about the importance of a thoughtfully considered plan. Keep beating that drum.

    Eddie
    Feb 4, 2015. 08:45 PM | 2 Likes Like |Link to Comment
  • How Much 'Extra' Return Are You Getting If You Reinvest Dividends? [View article]
    Dave

    Good article. Keep pounding the table on that compounding thing. It's going to catch on yet.

    Eddie
    Jan 26, 2015. 07:59 PM | 11 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    David

    Excellent article describing your odyssey and one that has created an outstanding discussion on the different scenarios one can consider in making these transitions. You're the Ulysses of the Roth Conversions.

    Eddie
    Jan 25, 2015. 03:19 PM | 5 Likes Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    Sartre

    See my response to David Van Knapp above. Maybe it will help explain the existentialism of my math.

    Eddie
    Jan 22, 2015. 09:17 PM | 1 Like Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    Dave

    Ha! It's not just new math, it's so far ahead in the R&D department it's called developmental stage math... or maybe even D.C. balanced budget national debt social security is fine math.

    Actually, what I do is simply let the Excel spreadsheet I use calculate the percentage of $ value of each position in relation to the total $ value of the portfolio. The prices automatically update when I open the spreadsheet using a Yahoo Finance add on for Excel. All i have to do is open it up and I immediately know the price, the total $ value of each position, the total portfolio value, and the % of each position in relation to the total portfolio value.

    These positions are across 3 different accounts but I list them as if they are all one portfolio. Where I say there are 33 positions, in the spread sheet there are 38 listed. But KO, for example, is listed twice, because it is held in the taxable account and in the IRA. So, I open up the spreadsheet tonight and it tells me that KO closed at $43.78 today and it's 4.02% in one account and 4.88% in another account, which I round off to say it's 9% of the total portfolio value. WBA is 5.23%, KMB is 1.97%, WFC is 2.58% and so forth.

    The spreadsheet simply averages all those individual positions from Row 1 to Row 38. Cash is included in the total portfolio value but is not used in calculating the average position size.

    To my French Philosopher friends comment below about the 15% and 5% average, what I mean is that I don't want any one position to exceed 15% of the total portfolio value. And if I were to decrease the number of smaller positions that left me with more higher valued positions but fewer positions overall, it's possible the average position size could get over 5% and I want to keep it below that 5% threshold. Which means I have to manage the total number of positions, as well as the impact of individual positions to the portfolio, and the spreadsheet helps me do that.

    The 33 position number I currently have is not a constant. Since some of the positions are for speculation, I periodically add to or sell positions. It's not likely that I'll reduce the number of positions down to where a 5% average is likely, but it is mathematically possible.

    Is this clear as mud?

    Eddie
    Jan 22, 2015. 09:12 PM | 1 Like Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    Mike

    Well, I admit I typed a smart-aleck comment about MAIN but deleted it, afraid someone who doesn't share my warped sense of humor might misinterpret it.

    Anyway, good article and good discussion. I tend to overweight my holdings based on my thoughts of quality of the company but it's not a stenciled in stone type rule. KO is my largest position, 9% at the current time. Out of 33 positions the average position size is 2.35% but they run from 1% to 9%.

    I have a general rule of thumb of what I prefer each position to be but it's more of a general guide than a rule. My investing plan says I can go up to 15% in any one position but the average can't exceed 5%.

    Eddie
    Jan 21, 2015. 09:03 PM | 3 Likes Like |Link to Comment
  • The Continuing Search For Quality [View article]
    DH

    Thanks. As I mentioned in the article one of the factors (there are others not listed) that I use in determining quality is a strong financial/credit rating.

    I believe I did own up to the mistake by describing it in the article. But I haven't decided to move on with the company just yet. I don't tend to be reactionary to my buys, including the speculative ones, allowing them time to play out. Over time that has served me well.

    I have my own selling guidelines but I do appreciate the kind thoughts and the link. Thanks for reading and commenting.

    Eddie
    Jan 17, 2015. 02:50 PM | 3 Likes Like |Link to Comment
  • My 2014 Fourth Quarter Review: The Good, The Bad And The Ugly [View article]
    Bob

    I think of your quarterly updates as watching someone on a journey using their map (your business plan), making sure they're still on the correct path, traveling in the right direction, and making the progress they expected. Sometimes one may have to detour while on the journey but the detour is only to take them back to the original path.

    While your travel plan has you holding stocks/businesses for the long term income, you have amply demonstrated that you may occasionally have to remove (detour) one or more of those companies from the portfolio (travel path). Or even fix a flat on the vehicle.

    Your quarterly review tells me you're still on your way and meeting the goals you've set for your progress. I say job well done. Keep up the good work, my friend.

    Eddie
    Jan 16, 2015. 07:28 PM | 2 Likes Like |Link to Comment
  • Dividend Growth 50: Costco Horns In On The Fun [View article]
    Mike

    WOW. You may have made a new discovery. We not only have BogleHeads, we also have CostcoHeads. Ha, just kidding. :)

    The zeal with which the Costco shoppers talk about it is obvious that it is a good operation and that zeal might just be the economic moat an investor looks for.

    Good article and best of luck with the investment.

    Eddie
    Jan 8, 2015. 06:14 PM | 1 Like Like |Link to Comment
  • Grandma's Money: The Frozen Portfolio [View article]
    Ed

    Very good update on your continuing story for grandma's portfolio. I have always found myself somewhat hesitant to dispense specific financial advice to my parents if it wasn't asked for. But there comes a point sometimes when circumstances dictate that. I respect your efforts in that regard.

    My own mother is 81 years old now and my Dad passed away in 2006 so I help her as much as I can, or I should say, as much as she will accept. She has always been, and still is, quite independent, but will now ask my advice much more quickly than in the past.

    Thank you for setting an excellent example and best wishes as you continue the journey.

    Eddie
    Jan 6, 2015. 07:51 PM | Likes Like |Link to Comment
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