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  • Seadrill: Lessons From The Frontline [View article]
    Hmmmm....I live in the Houston oil patch. Got any statistics to back up your claims? 'Cause what you are saying doesn't back up what my buddies in various oil companies down here are saying.

    Like it or not, we are not getting rid of fossil fuels anytime soon. A temporary downturn in the market does not equal a long-term trend.
    Sep 19 03:46 PM | 7 Likes Like |Link to Comment
  • Seadrill: Lessons From The Frontline [View article]
    @darq matter - I totally follow your logic. Couple it with the fact one should never sell in a panic, and it equals that it's time to simply wait it out if you are holding.

    I wouldn't catch this falling knife right now, but neither would I sell at a loss. I'm holding. November and beyond - instead of today - will tell me whether or not I'm right.
    Sep 19 02:44 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: A Good Example Of Why Investors Should Never Pay Attention To Wall Street Analysts [View article]
    I appreciate the analysis. It's the B-S-H ratings I have a problem with.

    Sometimes the recommendation whether or not to buy or sell are completely counter-intuitive to the facts laid out in the reports. Sometimes analysts are just flat out wrong. If they are so smart, how can they be so wrong on something that is an obvious buy? Or sell? It's crazy. Well, crazy like foxes. Herd the sheeple, make a few more bucks...

    Just give me the facts, I'll make up my own mind, thanks.
    Aug 21 06:36 PM | 5 Likes Like |Link to Comment
  • Dividends Matter If They Matter To You [View article]
    OMG. You guys had to go there. LADIES present...
    Aug 21 04:53 PM | 4 Likes Like |Link to Comment
  • The Dividend-Growth-Devoid Income Portfolio [View article]
    Wow. You pretty much ripped a page out of my playbook on this one:

    "For elevated income and risk purposes I like to think in terms of investment pairings. You could consider a BDC like Prospect Capital (NASDAQ:PSEC) at a 12% yield point and pair it with a stock like Union Pacific (NYSE:UNP) at 2% to generate a blended 7 percent."

    This is exactly what I do. I pair a CCC with a well-researched BDC / REIT / preferred. Goal: 7% yield. I also load up with as many 5 - 9% yielders on the CCC list as I can.

    I don't put as much research into the CCC picking, as usually these are written about ad infinitem here on SA. The 10%+ picking, however, I research the living daylights out of.

    It's unreasonable to hold a 10% yield to the same DG metric as a CCC, but I draw the line at decreasing dividends (i.e. most mortgage REITs). So I just go for a solid *stable* dividend payout (increase is a bonus); reasonable or depressed valuation (good entry); and that the company is generating plenty of cash to cover the dividend.

    It's not a strategy for everyone, but it's served me well.
    Aug 21 03:55 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: A Good Example Of Why Investors Should Never Pay Attention To Wall Street Analysts [View article]
    The Great and Powerful Oz is the man behind the curtain ;-).

    I should have put that in quote as a cultural catchphrase, referring to anyone who operates as "do as I say not as I do". I was referring to analysts in general.

    "Pay no attention to the man behind the curtain."
    Aug 21 02:11 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan: A Good Example Of Why Investors Should Never Pay Attention To Wall Street Analysts [View article]
    Well, we all know the real reason most analysts get their calls "wrong". They are putting out counter measures to steer all the little sheeples in the opposite direction, so they can get on the right end of the trade.

    Pay no attention to the man behind the curtain.
    Aug 21 11:19 AM | 10 Likes Like |Link to Comment
  • What, Exactly, Constitutes 'Yield Chasing'? [View article]
    I ditto Adam and Steve. I've never fit into the pigeon hole either.

    I like yield, but "chasing yield" and "investing in yield" are indeed two different things, although they are often lumped together, especially by critics. A few judiciously-bought, well-researched, higher-yielding securities (or bonds) can be very helpful for those who need the income to pay the bills. The key is: research, research, research.
    Aug 20 07:03 PM | 10 Likes Like |Link to Comment
  • Preferred Stocks Are Not For Everyone [View article]
    @ hardog - Contributors on dividend investing get clobbered that we either hold *anything* forever, or advise to do so. A lot can change in *forever*, as such, this is not advice I would give on *any* holding. Whether to hold or sell is an individual decision, based on investing goals and what entry point was made.

    As for current preferreds: The best course of action, given that most are above call and we have yet to experience an interest rate hike, is: go ahead and hold, but wait on buying. Which is why I labeled the 2nd paragraph "better advice."

    I didn't say - "don't hold", so what's there to contradict?
    Aug 20 06:02 PM | Likes Like |Link to Comment
  • Dividends Matter If They Matter To You [View article]
    Mike, dividend investing proponents are more than happy to get along. Most of us, while enjoying our way of investing, don't go out of our way to discourage others in their way. You do it your way, we'll do it ours. Readers don't go to other sections of SA and bash contributors or other readers. Contributors don't go about pro-actively bashing *anyone* or *any* other strategy.

    It's only when the anti-dividend crowd gets published in the Dividend Investing section do we feel the need to react.

    What are we supposed to do? Say "thank you"?
    Aug 15 12:26 PM | 12 Likes Like |Link to Comment
  • Dividends Matter If They Matter To You [View article]
    Hi, Jake. Welcome to our group. This is a safe place. Sorry, we have no 12-step program for your addiction. We're all addicted too ;-)
    Aug 14 08:01 PM | 12 Likes Like |Link to Comment
  • Dividends Matter If They Matter To You [View article]
    If you can bear it, endeavor to break that one stock into two. Then that two, to four. Keep breaking it up until you have at least 20 stocks. Diversification could be a lifesaver for you if, for whatever reason, that one stock decreases its dividend. It can happen. It's happened at least once to all of us.

    A great place to start is David Fish's "U.S. Dividend Champions" list, affectionately called the "CCC List". You can find it here: http://bit.ly/ua7xIM

    Best wishes to you, and congratulations on being able to work until 78, then have enough saved up in stock to enjoy a retirement!
    Aug 14 07:59 PM | 16 Likes Like |Link to Comment
  • Dividends Matter If They Matter To You [View article]
    It's...going! I'm here and I'm reading :). Thanks for asking.
    Aug 14 07:54 PM | 3 Likes Like |Link to Comment
  • Dividends Matter If They Matter To You [View article]
    I am back on SA, mostly reading and occasionally making a few comments. I would dearly love to contribute again, but I have had a series of family setbacks that require my full devotion. Enjoy reading my old compadres' articles!
    Aug 14 06:28 PM | 5 Likes Like |Link to Comment
  • Dividends Matter If They Matter To You [View article]
    "So you see, even within the dividend investing realm, there are many flavors. To suggest that everyone ought to have the same goal -- maximum total return -- strikes me as arrogant. It is dismissive of many individuals who have different legitimate goals. I do not understand why sweeping judgments about other peoples' goals are even made."

    Why? Well, we all know why. Haven't we run this same old wheel track before?

    Is there a new Lawrence Weinman in the house?
    Aug 14 06:21 PM | 4 Likes Like |Link to Comment
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