Dripping Works: A Real-World Example [View article]
B.T.:
Good points. Furthermore, dripping helps survive downtrends. When PG fell into the 50s and then the 40s during the recession, I was buying more shares with my reinvested dividends. As I said in the article, it's classic dollar-cost averaging.
Fire That Mutual Fund That Confiscates Your Wealth: How To Rescue Your Retirement [View article]
Bravo, George!
Unfortunately, the vast majority of 401k plans still offer only mutual funds. In our 401ks, my wife and I invest in the lowest-cost funds offered - Vanguard index funds.
Otherwise, I have sold off every fund I owned except one to focus on individual stocks. The one I've held onto is Vanguard Wellington, the venerable balanced fund that has a 2.3% yield, supplies the limited bond exposure I have in my portfolio and has a 0.17% expense ratio.
Whether it's taxes, inflation, health costs, higher education costs or something else grabbing at our wallets, holding onto what we have is a constant battle. George, you are right on that we should do what we can to avoid giving it away to mutual funds, too!
6 Reasons Why You Should Consider Royal Dutch Shell With A 5.5% Yield [View article]
Everybody!!!
Listen to Rick D. He is very well-versed on this and, in fact, steered me right a couple months ago.
As a long-time dripper who prefers new shares to cash -- and thanks in great part to Rick's guidance -- I hold RDS.A in the Roth IRA within my Vanguard brokerage account. It was a great decision.
"Bubble" is such an overused word these days I'm not exactly sure how one is supposed to define it.
But the market is reacting today as if, yes, REITs had been dramatically overpriced.
I'm long O, NNN, HCN, OHI and NHI, and the average haircut on those five today is about 3.5%. But I bought them all quite awhile ago and am still well ahead, and I also bought them for the long haul (or at least the long-ish haul), so I'm hanging in there for now. Might even buy a little DLR.
Dripping Works: A Real-World Example [View article]
mtairy:
I don't believe anything in this article suggests it is a time to buy, buy, buy. All I am trying to do is make an argument for dripping good individual companies.
In fact, if you go back and look at my other articles of the last several months, not to mention some of my thousands of comments, you will see that I am far more cautious than many of my colleagues. Cash makes up some 30 percent of my portfolio because I've been concerned about overvaluation and want to be ready to buy whenever the correction happens. (I have not been dumping stocks, though, so I am fairly heavily invested, too.)
Your last sentence was telling: "I liquidated and concluded it wasn't for me." That's the motivation behind your negativity toward dripping and I don't fault you for it. Some folks on Seeking Alpha whom I respect very much think I've made a mistake by not being fully invested. We all must make our own decisions that support our own beliefs, circumstances and comfort levels.
Dripping Works: A Real-World Example [View article]
sweeps:
One of the main reasons I picked PG to invest in 5 years ago was because they had one of the best in-house DRIP plans. And they still do! But I certainly understand the hesitancy to invest in them at this level. As I've said in other comments, the point of this article wasn't to sell PG, it was to make my case for dripping.
Dripping Works: A Real-World Example [View article]
Yessir! Crock-a-doodle-don't!!
Mike
Fire That Mutual Fund That Confiscates Your Wealth: How To Rescue Your Retirement [View article]
This is an excellent strategy if we can get the same prices Buffett pays!
Mike
Fire That Mutual Fund That Confiscates Your Wealth: How To Rescue Your Retirement [View article]
Are We In A REIT Bubble? [View article]
<<The use of "bubble" is in a bubble.>
I like that!
Mike
Dripping Works: A Real-World Example [View article]
Mike
Dripping Works: A Real-World Example [View article]
Reminds me of the old joke:
I spent half my money on hookers and blow ... and I wasted the rest.
Mike
Dripping Works: A Real-World Example [View article]
Good points. Furthermore, dripping helps survive downtrends. When PG fell into the 50s and then the 40s during the recession, I was buying more shares with my reinvested dividends. As I said in the article, it's classic dollar-cost averaging.
Mike
Fire That Mutual Fund That Confiscates Your Wealth: How To Rescue Your Retirement [View article]
Unfortunately, the vast majority of 401k plans still offer only mutual funds. In our 401ks, my wife and I invest in the lowest-cost funds offered - Vanguard index funds.
Otherwise, I have sold off every fund I owned except one to focus on individual stocks. The one I've held onto is Vanguard Wellington, the venerable balanced fund that has a 2.3% yield, supplies the limited bond exposure I have in my portfolio and has a 0.17% expense ratio.
Whether it's taxes, inflation, health costs, higher education costs or something else grabbing at our wallets, holding onto what we have is a constant battle. George, you are right on that we should do what we can to avoid giving it away to mutual funds, too!
Mike
6 Reasons Why You Should Consider Royal Dutch Shell With A 5.5% Yield [View article]
Listen to Rick D. He is very well-versed on this and, in fact, steered me right a couple months ago.
As a long-time dripper who prefers new shares to cash -- and thanks in great part to Rick's guidance -- I hold RDS.A in the Roth IRA within my Vanguard brokerage account. It was a great decision.
Mike
Are We In A REIT Bubble? [View article]
But the market is reacting today as if, yes, REITs had been dramatically overpriced.
I'm long O, NNN, HCN, OHI and NHI, and the average haircut on those five today is about 3.5%. But I bought them all quite awhile ago and am still well ahead, and I also bought them for the long haul (or at least the long-ish haul), so I'm hanging in there for now. Might even buy a little DLR.
Dripping Works: A Real-World Example [View article]
Mike
Dripping Works: A Real-World Example [View article]
I'm not the right person to answer that questions. I drip 'em all!
Given the eventual easing by the Fed, I wish you luck with your more speculative portfolio. Heck, I wish us all luck!
Mike
Dripping Works: A Real-World Example [View article]
I don't believe anything in this article suggests it is a time to buy, buy, buy. All I am trying to do is make an argument for dripping good individual companies.
In fact, if you go back and look at my other articles of the last several months, not to mention some of my thousands of comments, you will see that I am far more cautious than many of my colleagues. Cash makes up some 30 percent of my portfolio because I've been concerned about overvaluation and want to be ready to buy whenever the correction happens. (I have not been dumping stocks, though, so I am fairly heavily invested, too.)
Your last sentence was telling: "I liquidated and concluded it wasn't for me." That's the motivation behind your negativity toward dripping and I don't fault you for it. Some folks on Seeking Alpha whom I respect very much think I've made a mistake by not being fully invested. We all must make our own decisions that support our own beliefs, circumstances and comfort levels.
Mike
Dripping Works: A Real-World Example [View article]
One of the main reasons I picked PG to invest in 5 years ago was because they had one of the best in-house DRIP plans. And they still do! But I certainly understand the hesitancy to invest in them at this level. As I've said in other comments, the point of this article wasn't to sell PG, it was to make my case for dripping.
Mike
Dripping Works: A Real-World Example [View article]
User is entitled to his opinion, though he is guilty of exactly what he accused me of -- cherry-picking the basis for his argument.
And my cherries are sweeter!
Mike