I'm a thirty-nine year old investor who has three years of experience under his belt. After twenty years of irresponsible consumer behavior I decided it was time to change my ways. This change coincided with a job change and a significant increase in pay. I had to decide what I was going to do with my savings. The low interest rates of savings accounts didn't seem appealing. Enter my stock investing odyssey. My goal is build long term wealth by using dividend growth investing as my foundation.
Retired in 2009 after 35 years as Registered Professional Engineer (Radar, Electronic Warfare, and RF/Microwave Design). Went back to school to study some art and have fun. In October 2011, looked at the results of rolling my 401K and Pension into Vanguard IRA. Felt I could research and teach myself to do much better than what Vanguard index funds have paid me.
I have 3 tiers of dividend stocks ... core (keepers), 1-5 year (good, so far), 0-2 year (we'll see). 50-60 stocks ranging from 0.5% - 5% of total portfolio depending on my trust in them. Half of the holdings are paying over 8.5% yield to quickly catch my wife's salary and then slowly move toward core in the next 6 years. Total tax-deferred portfolio is 8.4% yield on computed cost/share. All dividends to cash where I buy the best deals of the month. How carefully I watch them is inversely proportional to their yield.
I am a 62 year old electrical engineer working for Entergy Corporation retiring February 2015 with 34 years service and 4 years active duty Air Force during Vietnam War Era. In October 2011 I switched my investment strategy to dividend growth investing (total return= capital appreciation + dividend yield+ dividend growth) after years of hit or miss methods and getting no where fast.
Kelley Wright's book "Dividends Still Don't Lie" and Lowell Miller's "The Single Best Investment: Creating Wealth with Dividend Growth" renewed my interest in the dividend growth investing strategy. I use F.A.S.T. Graphs, IQTrends, and the use of the CCC list provided by David Fish for my stock watchlists as well as other due diligence reading