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peace4

peace4
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  • Dividend Growth Investing Requires Perseverance [View article]
    Yup,

    It's all about financial independence. I think of it as my ticket to personal freedom so my life is funded whether I choose to work at a job I want that is maybe low pay, or go volunteer as I did for so many years in the past, or just go sailing as I did for the past 30 years. Sailing and living off grid and being free in my alternate lifestyle watching sunsets and sunrises, phosphorescent wake behind my boat on summer nights heading across the Gulf Stream to the Islands. Freedom. It is available to those who save, invest in this style, and do not touch the investment so it can grow with time.

    Now we have no alternate lifestyle, but the portfolio is big enough to cover our normal lifestyle and even our recent trip to California and soon a trip to Britain. Freedom. It is important enough to me that I have financial freedom so I was willing to save and willing to learn from my mentor and from SA how to invest this way. Safe, secure, not difficult at all.

    Peace
    May 20, 2015. 09:59 PM | 3 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    Chowder and Maybe,

    I used to have a little cartoon that showed a man rushing past a woman standing there and he shouted "Panic Buying!" and then the next cartoon showed the same man rushing past the same woman shouting "Panic Selling!" and I kept it on the wall to remind me that the woman standing there was likely doing better than that man. She was just waiting for the compounding to work.

    Peace
    May 20, 2015. 09:42 PM | 8 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    Joni,

    You got me day dreaming now about the mahi mahi we caught on our last offshore passage St Augustine Florida to Beaufort, North Carolina with most of the trip in the Gulf Stream. We trailed a heavy monofilament just behind the seventh wave behind the boat and it had a yard long wire attached at the end with a green and sparkly rubber squid that those fish just cannot resist. The monofilament was wrapped around a piece of plywood so we were just fishing by hand. No pole gives one even greater excitement when there is a big fish. This fish bit suddenly and hard and he was huge and after a while we were able to get him aboard where he flashed yellow and blue and silver again and again like a neon sign in the bright sunshine.

    We kept him quiet by gently holding him in place with my bare feet and we shaded his head and after a short time, he met his maker and his skin went to silver at the end. Lunch was carefully made and greatly appreciated. Luckily we had finally gotten a fridge/freezer on the boat so nothing was wasted and all was enjoyed for several meals after. Zip lock bags with good closures are wonderful inventions as are the solar panels that ran our fridge/freezer.

    Many good memories of our years cruising on the ocean full time...

    Peace
    May 20, 2015. 09:34 PM | 3 Likes Like |Link to Comment
  • Learning From The Masters: Q&A Session With Chris DeMuth Jr. [View article]
    Nicholas, Please interview Joni. Peace
    May 20, 2015. 02:10 AM | 1 Like Like |Link to Comment
  • Learning From The Masters: Q&A Session With Chowder [View article]
    Ok, Chowder,

    So since the book already exists - I am talking about the material you have written already for your kids - please just publish it. It's the right thing to do!

    Peace
    May 19, 2015. 12:25 PM | 3 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    RAS,

    Sounds like you are making good on your plan to have double fun in honor of your wife. That makes me glad.

    Peace
    May 19, 2015. 12:17 PM | 3 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    Mike,

    Nope. I was not talking about any liquid stuff at all. What I am talking about is a tape in a roll and it is a foam first aid kind of tape which is sticky on one side and flesh colored on the top. You get it where they sell band aids etc. It says Nex Care on the inside of the roll and it is a MMM product (I believe maybe MMM bought out Nex Care.).

    We use no gauze pad at all with this tape. Just wash the area, dry it well with a clean paper towel right off the roll, and stick it right on the cut direct. It works for us better than a band aid. Less pain, less trouble, faster healing.

    I just mentioned it because it seems to be a new kind of product and who would have thought that anything would be better than a good old band aid like those we all put on our skinned knees ever since we were born?

    Peace
    May 18, 2015. 10:59 AM | 4 Likes Like |Link to Comment
  • Stress Test For Dividend Growth Investors [View article]
    I started saving as a very young child because I wanted to have money in that old cast iron child's bank with the combination lock that only I knew. I liked putting money in there and knowing it was safe there in case I needed it someday. I was about 7 years old with braids and I had a whole lot of money saved up there from chores and birthday and other child's income sources. In my teens I put half of all my baby sitting money in there too.

    The years went by and I became an adult, then a wife, and finally a mother, but I still wanted to save and felt almost allergic to debt... it made my skin crawl. Nobody ever told me what to do with money. This is just want I wanted to do and how I was naturally. I saved because I was seeking security in the world.

    Life gets complicated with marriage, kids, divorce, and finally the complications got to me and when the kids grew up, I went sailing to find my personal peace. The sail boat was cheap to maintain as a cruising home, so seemingly out of thin air, I still saved and still kept out of debt. And I found the peace I was seeking and later I also found the man who became Mr Peace.

    My portfolio increased and Mr Peace and I built and restored boats, sailed together and he helped me save and increase the portfolio. The struggle to increase the portfolio was a real and continuing thing for both of us and I kept paper charts and showed them to Mr Peace each Friday and we talked about the progress we were making. We were proud when the portfolio was big enough so that we could surely maintain our sailing lifestyle with no worry or doubt about it. Then I inherited from my mentor and that added enough more to the portfolio so there was absolutely no doubt what so ever about having enough income and we even bought a house as a base because Mr Peace's balance was doubtful and the sailboat was too big for me to single hand and he could not safely help me. The big boat is now for sale and a little boat will be bought eventually so he can stay in the pilot house safe and I can single hand again.

    And here is where it all gets a little strange. I thought that when the portfolio was really big enough, then I would just be happy as pie and grinning all the day long. Well, at first that is what happened, but now I actually am missing that old struggle to build the portfolio because it had milestones and was something I thought about a lot of the time. I took pride in passing each of the milestones and making that progress. I was building that portfolio and now it is finished and I kinda miss the struggle a little.

    Of course it is still building itself and I am still saving and adding to it, but there is no more pressure about it. When there is truly enough income, and when that enough is quite likely to increase even faster than inflation, then money itself seems less important and the whole thing about security is a done deal. It really is fantastic at first, but then it is just the fact that it exists and will grow and continue to exist. It becomes ho hum to a certain extent.

    This attitude is madness, I know, and I always come to my senses and get back to grinning and dancing around with glee about the nice secure portfolio as any sensible person would do. But I thought you might like to know how it sometimes feels a little sad to me. Like the ending of a great book with wonderful characters I like. I miss the struggle. Then I find myself saying "tee hee!" and I am back to dancing.

    All the best,

    Peace
    May 18, 2015. 02:32 AM | 9 Likes Like |Link to Comment
  • Stress Test For Dividend Growth Investors [View article]
    I like to hear what folks do when investing or sailing or building things - I just like to learn how they do stuff and why. Then I like to go do as I please. My decisions are based on my understanding of investing or sailing or building things and my whole life of learning everything else that I do. I am me and I am different from everybody else I have ever met. It is great to know, and I am really happy for you, if you have something that works for you. But please express your ideas once and then leave me in peace to make up my own mind to do what I believe will work best for me in my life which is likely different in some ways from your life.

    I am a grown up person and I can make my own mind up. I will face the consequences.

    Peace
    May 18, 2015. 01:32 AM | 4 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    Mike,
    \
    I don't have the package with me but the inside of the tube says it is made by Nexcare and I believe that is a MMM company. It says it is called first aid tape which is not too surprising. It is white people's skin color and works well enough so I do not even care how much it costs. That is what we want, and that is what we buy. You gotta know that is a rare mindset for me!

    Peace
    May 17, 2015. 09:15 PM | 1 Like Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    If you have a few quality companies with a history of steady and increasing dividends, then it becomes easy to just hold on and let them continue to do well. At that point, you can get away from the computer and do other things... live a little, and know that all will be well.

    I have been way up in the mountains in a wilderness area watching the yucca bloom, seeing deer and coyote, and enjoying sunsets, snow, old friends, and the fresh air at high altitude. I had no worries at all about my holdings. Have not yet checked on them even. I certainly do not expect to take any action. But when the boat sells, I will likely look at my wish list and see if there is anything I want to buy now.

    Peace
    May 17, 2015. 04:23 PM | 5 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    as10675

    A doc told me that I would be crippled because I got rheumatic fever as an adult. So when I was tempted to sail alone across the Atlantic, I decided to just go ahead and do that foolish thing because I might not ever get the chance again.

    So I made the trip and decided to keep on cruising. I sailed a lot before I made that trip, but I have sailed over 60,000 miles since then and have just a little bit of old lady arthritis. But I am grateful for the wrong prediction of that doc because I started putting dreams higher up on my priority list and with my strong saving habits, my finances have done ok.

    We are just downsizing the boat presently and now have a land base, but the ocean is where my heart sings. We live near the mouth of a large river and my eyes always travel to the far horizon.

    Peace
    May 17, 2015. 01:22 PM | 9 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    Mike,

    STOP RIGHT THERE!

    No more about your wife's good recipes until you post her recipe for mac and cheese that you promised about a month ago. I bet it had those crunchies on the top and lotsa cheese....

    Peace
    May 17, 2015. 12:59 PM | 6 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    Re disruptive technologies vs old established companies,

    I offer this in opposition to myself in an earlier comment on JNJ:

    One would think that band aids would be mostly unchanged forever, but lately we have started using a MMM product instead of band aids and it works better. It is a thin, foam sticky tape that we put right over the washed and dried cut and it heals faster, hurts less, is waterproof, and stays stuck until about the third day when it falls away revealing a greatly healed, or completely healed cut. So we do not buy band aids any more. Just this tape. We get lots of cuts because we are quite active building stuff and digging or pruning in the garden or helping friends do the same.

    Peace
    May 17, 2015. 12:47 PM | 4 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    II,

    I been brushing my teeth for a while now and watched them go from powered tooth paste we used to shake into our hands to tube toothpaste, and then pumps, and back to tubes again. It was Crest when I was little and it is still Crest today. The big change came when we switched from salt and baking powder and that was a long, long, time ago but I do remember that. Crest isn't going any where.

    Band Aids aren't going anywhere. They don't come in the metal boxes these days, but the ones for adults are still are about the same as when I put them on my skinned knees back in grade school. My grand kids get the colored ones with cartoon figures. They are just hotted up and the same thing basically.

    Oatmeal and Chex and Wheaties and Cream of Rice are still on the shelf beside the Shredded Wheat we had either hot or cold 70 years ago before I walked to school.

    Just where do you think these things are going?

    I been driving cars and my parents been driving cars and I do not think the cars I hope and dream of will come soon that do not need gas or diesel. I am long CVX and if we stop using fossil fuels and my 1/7 position goes flat, I will cheer and cheer for the environment. I really will. But that great day is not likely any time soon and we will all see that time when it comes over the horizon a long way ahead. That's if I live that long.

    All the best,

    Peace
    May 13, 2015. 02:15 PM | 16 Likes Like |Link to Comment
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