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  • 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 | 11 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
  • Preferred Stocks Are Not For Everyone [View article]
    "Be prepared to hold forever. Remember this sentence every single time you contemplate buying preferreds. Repeat it multiple times if you have to."

    I was about to lambast you for bad advice, until you clarified later in the article: "If you are someone that is focused on the value of these securities going into the future, then these might not be for you, as they are likely to decline going forward."

    That's better advice than the first paragraph I copied.
    Aug 11 06:00 PM | Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    stev533:

    "But I am happy that you regained 1% of your losses today."

    I wonder if you understand how investing works. "Gain" or "loss" is theoretical until you sell. I didn't sell down to 100% cash, so I lost nothing. I could be down today, it's immaterial to me. I only said I was up to prove the point that my portfolio is not correlated to the market.

    With that, I'm out. Mayo, I hope you have enjoyed the debate! If you are premium, you'll be able to treat your family to a steak dinner! Good luck.

    Aug 8 11:21 AM | 1 Like Like |Link to Comment
  • The Day I Sold Everything [View article]
    I sold down to part cash in 2008, hung on to quality stocks, reinvested back to 100% in 2009, volleyed back into part cash as needed since then. Doing this has seen a 250%+ increase in investment since 2009. I am not sure you can say the same for real estate the last five years.

    Having said all this, I do understand why folks are reticent to get back in the market. 2008 - 2009 was BRUTAL. Just ugly. It's just the same principal that applies to buying real estate applies to stocks - the best investments come from buying the great, but beaten down. 2009, EVERYTHING was beaten down, and in reality THAT was the best year to buy, because the only direction to go at the point was up.

    All I know is: when folks like stev533 finally get the nerve to get back in the market, THAT will be the real signal that it's time to go more cash.
    Aug 7 03:21 PM | 3 Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    Steve - I'm not just a commenter, I'm a contributor, and since you are not privy to my portfolio holdings, you DON'T know that the author is doing better than me!

    The only way what you are saying is true is if I was 100% indexed, and I'm NOT. In fact, on this down market day, my portfolio is UP almost 1%.

    You are confusing market action with portfolio action, which is the point I am making. ONLY if we were 100% ALL indexed could you make the audastic assumption that we are ALL doing WORSE than the author!
    Aug 7 03:07 PM | 3 Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    Value - this is essentially what I do as well. I've taken more profits than normal lately. At the same time, I am finding more places to deploy cash as the market dips.

    Here is what I see as the issue... We keep throwing around the term, "market". What does that mean? How do we measure it?

    We measure by the indexes. But that's the problem with trying to invest based on market action. Indexes do not represent 100% of the stock world. In fact, there are many more stocks NOT on the indexes than are. Indexes are a benchmark, yes, but that benchmark is really nothing more than a glorified stock fund. It's a representation, a partial selection chosen by committee of what's out there... nothing more.

    So, should we then react based on the "market"? My response is, no, not unless you are 100% indexing, because unless you are, what you own really doesn't reflect "the market".

    The longer I invest, the easier it gets to ride the dips out without selling down hard. Right now, to do so when the canary hasn't come out of the coal mine, feels reactionary.

    I would rather be smart than lucky.
    Aug 6 02:53 PM | Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    stev53e - How do you know? Do you have access to everyone's portfolio? Do you know what everyone on this board is holding at all times? How then can you make with authority such a broad statement?

    Have you stopped to consider that some of us are *part* cash, use hedges, options, and/or mix longs and shorts in a downturn? I am glad to report that I am not down as much as the market, due to minor adjustments rather than selling whole hog. My money is still making money for me. In a month or two, who knows? I may be the brilliant one.

    The best the author can say is - "I am staying the same as I was before", not "I am doing better than everyone else".
    Aug 6 09:13 AM | 2 Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    @Fear and Greed - great piece. I hate when we get socked to each end of the pole, where we must be "all in" or "all out." Says who? And why?

    The fact of the matter is, if we are good managers of our portfolios, we will be watching our holdings, not the market. Every day presents an opportunity to decide: will I trim and reap a little profit? Should I reinvest since this holding is down? How well positioned is the company long-term? Do I have a better place to put my money?

    When I mind my portfolio and income growth, there is little time for fear or too much worrying about Mr. Market, who is capricious, completely unpredictable, and never does exactly what I think He will...
    Jul 29 04:00 PM | 4 Likes Like |Link to Comment
  • 8 Top MLP Dividend Dogs Pursue 10% To 19% July Upsides [View article]
    My husband and I hold (2) businesses, and he (my husband) has hired the accountant...for which I am grateful, as the accountant is worth every penny. I also hold my accounts at Scottrade, and the folks there are immensely helpful.
    Jul 29 11:00 AM | Likes Like |Link to Comment
  • 8 Top MLP Dividend Dogs Pursue 10% To 19% July Upsides [View article]
    I have an accountant...thank God!
    Jul 29 10:55 AM | Likes Like |Link to Comment
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