Dripping Works: A Real-World Example [View article]
Todd:
You are free to use whatever words you want to describe unsold stocks whose prices have retreated. If you don't like saying they're only paper losses, then don't say that.
I don't know whether I used those words to comfort myself back in 2008-09 or not, but I'm glad I didn't bail at the bottom. Had I done that, I'd have suffered a real loss and I'd have needed more than words to dull my pain!!
Why I Bought Linn Energy 3 Months Ago And Still Like It [View article]
Avi:
I'm against smoking and Big Tobacco ... but I rather enjoy the divvy checks I get every three months from PM and MO. I just separate the two feelings. One is personal, the other business.
Dripping Works: A Real-World Example [View article]
Neil:
It is the only intelligent option for somebody in your position. Congrats for employing it.
Like chowder, I would be inclined to keep dripping regardless. But a mitigating factor for me is that my portfolio already holds a pretty good cash stash as I prepare for possible buying opportunities down the line. The last thing I want is to take more cash from my dividends.
Dripping Works: A Real-World Example [View article]
AgAu:
Great point about the way IRAs can grow. My wife and I have seen very nice growth in our Roths despite the corrections and recessions and pullbacks ... despite the fact that they were in mutual funds for most of time we've had them since the government introduced them in 1998 .... despite the fact that for the first four years, the max contribution was a mere 2 grand.
Oh, and don't forget that old-timers out there (which I have been since I turned 50, according to the IRS) can put an extra thou into IRAs every year, meaning the max is 6500 for us now.
Dripping Works: A Real-World Example [View article]
You are free to use whatever words you want to describe unsold stocks whose prices have retreated. If you don't like saying they're only paper losses, then don't say that.
I don't know whether I used those words to comfort myself back in 2008-09 or not, but I'm glad I didn't bail at the bottom. Had I done that, I'd have suffered a real loss and I'd have needed more than words to dull my pain!!
Mike
6 Lessons Learned From Up And Down Markets [View article]
Dripping Works: A Real-World Example [View article]
Breaking one's own rules ... I'm guitly as charged!! It has cost me an opportunity or two but my gut also has saved me a time or two.
If there were an exact science to this, we'd have a lot more rich people in the world.
I'm sticking with the dripping because it's easy and it's effective and it's worked for me until now. I'm trying not to fix what ain't broke!!
Thanks for the nice words, miss, and good luck!
Mike
Dripping Works: A Real-World Example [View article]
I have both ESP and ESPN!
Dripping Works: A Real-World Example [View article]
Why I Bought Linn Energy 3 Months Ago And Still Like It [View article]
I'm against smoking and Big Tobacco ... but I rather enjoy the divvy checks I get every three months from PM and MO. I just separate the two feelings. One is personal, the other business.
Mike
Team Alpha Retirement Portfolio: Going Long In A Scary Market [View article]
I hear ya. But QE might not be suspended for three more years.
BTW, I'm cautious like you are and have been holding quite a bit of cash. I don't regret that decision ... much ... yet.
6 Lessons Learned From Up And Down Markets [View article]
Funny about JDSU.
For the longest time, I had .02 of Nortel in my IRA until Vanguard graciously agreed to sell it without charging commission!
Mike
Seadrill: An 8.5% Dividend Yield With A Growing Fleet [View article]
Thanks for the tip on OII. I just added it to my "take a closer look" file.
Mike
Dripping Works: A Real-World Example [View article]
The beauty of it now is that the brokerage has to figure cost basis for us. It's the law. Makes dripping easier than ever!
Mike
Dripping Works: A Real-World Example [View article]
Dripping Works: A Real-World Example [View article]
It is the only intelligent option for somebody in your position. Congrats for employing it.
Like chowder, I would be inclined to keep dripping regardless. But a mitigating factor for me is that my portfolio already holds a pretty good cash stash as I prepare for possible buying opportunities down the line. The last thing I want is to take more cash from my dividends.
Thanks for reading, Neil.
Mike
Dripping Works: A Real-World Example [View article]
I am astounded at what I keep learning from pros like you.
Mike
Dripping Works: A Real-World Example [View article]
Dripping Works: A Real-World Example [View article]
Great point about the way IRAs can grow. My wife and I have seen very nice growth in our Roths despite the corrections and recessions and pullbacks ... despite the fact that they were in mutual funds for most of time we've had them since the government introduced them in 1998 .... despite the fact that for the first four years, the max contribution was a mere 2 grand.
Oh, and don't forget that old-timers out there (which I have been since I turned 50, according to the IRS) can put an extra thou into IRAs every year, meaning the max is 6500 for us now.
Mike