Hello Folks at Seeking Alpha. For the last three years or so I have been reading and enjoying many of the articles offered here at SA At the age of almost 76, I'm a bit old to be playing around in the market but here I am anyway. I made my first stock purchase at age 21 or 22. My father died in 1959 and left me his life insurance policy valued at $5,000.00. Year 1961. Knowing that I might just put the money in the bank and spend it I asked my parents' lawyer to give me advice. These were his recommendations: 1000.00 in GM 1000.00 in IBM 1000.00 in Stand Oil of NJ, which is now Exxon 2000.00 in second trusts When my children reached the age of 12 or 13, I returned to work at EPA (1974). But didn't start doing much investing until IRA's were offered in 1981. By 1986 I was also able to contribute to the government's TSP plan. Since I was rather young, I tired to follow my mother's sage advice: Set up a budget plan with different categories, dividing total income among each categories each payday. She and my dad's philosophy was this: Pay God (or charity) first at 10% and yourself (meaning savings or investments) second also at 10% . The remainder to be divided among such categories as: housing, transportation, children, dogs/cats, gifts other than charities, food, personal, entertainment, and emergencies. This method has helped me sleep at night. I graduated from Penn Hall Prep School in 1958, attended GW University. During my teen years I worked most summers in the Alexandria/Arlington VA area. I went to work for the Joint Chiefs of Staff in late 1958, then at DIA in 1961. Our first child was born in late 1963 and I resigned from DIA in early 1964.Our second son was born in 1965. My husband is retired from the Air Force and the Postal Service. We have been married 52 years. I retired from the Environmental Protection Agency in 1995 (early out). All Accounts Percentage of Holdings as of 2016-03-31 by Sector Sectors..............................................% of Portfolios Sector: Consumer Discretionary CRACKER BARREL (CBRL)........0.62 GENUINE PARTS CO (GPC)........1.80 HOME DEPOT INC (HD)..............0.36 JOHNSON CONTROLS (JCI).......0.42 MC DONALDS CORP (MCD........1.91 ROSS STORES INC (ROST).......0.64 STARBUCKS CORP (SBUX)........0.95 Total %.........................................6.70 Sector: Consumer StaplesALTRIA GROUP INC (MO)..........2.06 COCA COLA CO (KO)................2.62 COLGATE PALMOLIVE (CL).......0.39 COSTCO WHOLESALE (COST).1.23 CVS HEALTH CORP (CVS).........0.57 GENERAL MILLS INC (GIS)........1.61 KIMBERLY CLARK (KMB)...........1.22 KRAFT HEINZ CO (KHC)............1.36 PEPSICO INC NC (PEP)..............0.97 PHILIP MORRIS INTL INC (PM)....3.68 PROCTER & GAMBLE (PG)........2.61 UNILEVER PLC ADS (UL)...........0.59 Total %.......................................18.91 Sector: Energy CHEVRON CORP (CVX)..............2.25 ENERGY TRANSFER PT (ETP)...0.42 ENTERPRISE PROD PR (EPD.....0.87 EXXON MOBIL CORP (XOM)........0.28 MAGELLAN MIDSTREAM ...PARTNERS LP (MMP)...............0.38 PHILLIPS 66 COM (PSX)..............1.21 Total %.........................................5.41 Sector: Financial AFLAC INC (AFL)........................1.25 JPMORGAN CHASE (JPM)..........1.76 WELLS FARGO & CO (WFC)......1.01 Total %.........................................4.02 Sector: HealthcareABBVIE INC COM (ABBV)............1.78 AMGEN INC (AMGN)....................0.51BAXALTA INC COM (BXLT)..........0.51CARDINAL HEAL INC (CAH)........0.92GILEAD SCIENCE (GILD)............0.82JOHNSON & JOHNSON( JNJ).......3.02 PFIZER INC (PFE).......................1.69 Total %.........................................9.25 Sector: Industrial 3M COMPANY (MMM)................0.46 CATERPILLAR INC (CAT)...........1.30 CSX CORP (CSX).......................0.82 FASTENAL CO (FAST)...............0.54 GENERAL ELECTRIC (GE)........2.01 EMERSON ELECTRIC (EMR).....0.92 GENL DYNAMICS (GD................0.53 LOCKHEED MARTIN (LMT)........0.61 RAYTHEON CO (RTN)................2.30 STANLEY BLACK &...DECKER (SWK)......................0.29UNION PACIFIC CORP (UNP)......0.43Total %........................................10.21 Sector: Info TechAPPLE INC (AAPL)......................2.77INTEL CORP (INTC)....................2.31INTL BUSINESS MACH (IBM).......2.49MASTERCARD INC (MA).............0.52QUALCOMM INC (QCOM) .........0.76VISA INC CL A (V).......................0.31Total %........................................9.16 Sector: Materials AIR PROD & CHEM (APD)............0.84 SPDR GOLD TR GOLD (GLD).....0.25 ETFTotal %.........................................1.09 Sector: Multi-Sector (ETF)GABELLI DIV & INCM TR (GDV).1.00Total %........................................1.00 Sector: REITREALTY INCOME (O)..................1.61VENTAS INC (VTR)......................0.87Total %.........................................2.48 Sector: TelecomAT&T INC (T)................................2.59 VERIZON COMM (VZ)...................1.76Total %..........................................4.35 Sector: Utilities AMER ELECTRIC POW (AEP).......0.90 DOMINION RES INC (D).................2.11 DUKE ENERGY CORP (DUK)........0.54 SCANA CORP (SCG).....................0.90 SEMPRA ENERGY (SRE)..............0.29 SOUTHERN CO (SO).....................1.81WEC ENERGY GROUP (WEC)......0.32 Total %............................................6.87 Total % of Holdings........................79.45Muni Bonds: Total % of Holdings.....4.09Mutual Funds Total % of Holdings....12.21 Annuities: Total % of Holdings..........4.15Cash: Total % of Holdings................0.10 Total.................................................100.00%
I'm a Managing Director at A North Investments (ANI), a quantitative hedge fund based in New York. Those who'd like to contact me, private message me here or email me at firstname.lastname@example.org.
Retired Pharmacist. Call me Rose. Nose= Knows enough to know I need to keep learning and keeping a great dividend paying nest egg growing upwards.
My 80 stock portfolio is listed here by sector, largest holding by value is listed first.
Consumer Defensive: KO, PM, GIS, MO, TGT, KMB, DEO, PG, PEP, MDLZ, CLX, CL, KHC, HSY, UL.
Consumer Cyclical: MCD, SBUX, GPC, NKE, HAS, MAT, VFC, HOG, HD
Healthcare: JNJ, ABBV, CVS, AMGN, CAH, BDX
Healthcare eREITs : OHI, VTR, HCP, HCN, NHI.
Energy: XOM, CVX, OXY, VLO,
Tech: AAPL, ADP, CSCO
Tech eREIT: DLR
Industrial: BA, UNP, MMM, CMI, CAT, GWW, NSC, LMT.
Industrial eREIT: STAG
Financial: TROW, MA, V, WFC, MET
Other eReits: WPC, O, WPG, XLP, UBA, STWD
REIT Hotel: CLDT
mREIT: ARI (very very small position)
BDCs: MAIN, PNNT, HTGC, ARCC
Telecom: VZ and T
Utility: SO, XEL, WEC, D, MGEE, DNP, CNP, LNT, FE
DNP is a CEF which predominately holds Utilities.
At Valuentum, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Valuentum therefore analyzes each stock across a wide spectrum of philosophies, from deep value through momentum investing. We think companies that are attractive from a number of investment perspectives--whether it be growth, value, momentum, etc.--have the greatest probability of capital appreciation and relative outperformance. The more investors that are interested in the stock for reasons based on their respective investment mandates, the more likely it will move higher.
Brian Nelson is the President of Equity Research at Valuentum Securities, an investment research firm serving individual and institutional investors, as well as financial advisors. Before founding Valuentum, Mr. Nelson worked as a director at Morningstar, where he was responsible for training and methodology development within the firm's equity and credit research department. Prior to that position, he served as a senior industrials securities analyst, covering aerospace, airlines, construction and environmental services companies. Before joining Morningstar in February 2006, Mr. Nelson worked for a small capitalization fund covering a variety of sectors for an aggressive growth investment management firm in Chicago. He holds a Bachelor's degree in finance and a minor in mathematics, magna cum laude, from Benedictine University. Mr. Nelson has an MBA from the University of Chicago Booth School of Business and also holds the Chartered Financial Analyst (CFA) designation.
Get to Know Brian:
Brian led the charge in developing Morningstar's issuer credit ratings, developing and rolling-out one of the firm's proprietary credit metrics, the Cash Flow Cushion. http://select.morningstar.com/welcome/credit/pdfs/Morningstar_CashFlowCushion.pdf
Brian is frequently quoted in the media and has been a frequent guest on Nightly Business Report, Bloomberg TV, and the Money Show.
Mr. Nelson is very experienced in valuing equities, developing Morningstar's discounted cash-flow model used to derive the fair value estimates for the company's entire equity coverage universe.
Brian worked on a small cap fund and a micro cap fund that were ranked within the top 10th percentile and top 1st percentile within the Small Cap Lipper Growth Universe, respectively, in 2005.
Mr. Nelson is also a contributor to Seeking Alpha and an opinion leader in the Industrial Goods space.
You can reach Brian at email@example.com.
Please read our Disclaimer that applies to all articles published on Seeking Alpha: http://www.valuentum.com/categories/20110613
Follow us on Twitter: @Valuentum
I am a 28 year old father of three, active duty US Marine. I began investing with my retirement in mind and mostly focus on reliable dividend paying companies. I enjoy writing for Seeking Alpha to share my ideas and create discussions with fellow investors. I firmly believe that investing should be made more approachable to the masses and strive to keep my articles simple yet informative. Being on a "fixed" but stable income and lone "breadwinner" in the house creates interesting dynamics and greatly impacts my investing approach. I currently hold in no particular order:
PFE, CMI, AAPL, RTN, NKE, UA, DIS, CSX, EMR, F, O, MO, SBUX, EML, HRC, DOW, XOM, T, CSCO, SYF, ORI, OLN, GLW, TATT, KTOS, JOUT, GLBL.
I like writing about all sorts of companies in all sorts of sectors. Recently I've been focusing my writing and even investing dollars on micro/small cap defense facing companies. I will always try to keep it simple and understandable, please hit "Follow" if you would like to read my articles in the future.
DISCLAIMER: I am not an investing professional. As a result anything that I write should not be taken as investment advice as it is my personal opinion at the time. In addition, I am not your fiduciary nor do I understand your personal financial situation. Please perform your own due diligence on any potential investment decisions.
Self-directed, began in mid 90s in drips. Then employer 401k. Rolled to self in 2010, invested in all div stocks.
Buy and hold (so far), I am a dividend-lover that has always aspired to live off my divs.
My Roth includes some hedges that began as experiments: 2 TIPS funds out of sheer curiosity , 2 govt bond funds (med and LT), and one bond index ETF. I have always been 90%+ stocks (or stock funds in 401k) , currently 98% equities. I let the workplace 401k handle international exposure and otherwise diversify within each portfolio, and across entire holdings.
Each stock owned in only one acct; multiple portfolios taxable and retirement; position sizes and start/add dates vary widely, not all positions receive new money:
I am a dividend growth investor, with once-in-a-while option strategies limited to covered calls, writing puts for stocks I want, and buying puts on the S&P 500.
I prefer companies with proven track records. IMO the best ones have been around since before WW2, or even WW1. for example, T and JNJ have been around since the 1800s. Here are my favorite stocks:
ABT, ADP, AMGN, BDX,
CL, CNI, D,
GE, ITW, JNJ, LMT,
MMM, NDSN, PH, PM,
SBUX, T, UL, WTR.
I like 2 growth stocks, GERN and REGN, which do not pay dividends
Time management is essential to monitoring a 47 position portfolio. My 1st comment concludes with "Rich-unck:xx hrs"; I uncheck from the article to avoid repetitive comments, nonsense, and (most) arguments. I extend another XX hrs when I respond to a question or comment...I also respond to all PMs.
BACKGROUND My journey as a self-directed investor (SDI) began in 1973, and resulted in financial independence at age 52, which also allowed me to retire from corporate life the following year (Feb 1995).
I have no special knowledge not attainable by others who also dedicate themselves to the study of the economy, market, and stocks...I could cease all portfolio management today, and place it with a professional manager; however, I enjoy the psychic and financial rewards. Alternatively, I could become a passive investor via mutual funds and/or index ETFs (those works too! ). With few exceptions, As a rule, Rich only discusses his IRA here--it is only a portion of his and Joyce’s investment assets.
INVESTMENT PHILOSOPHY If you ‘lived for today’ over the past 5 or 6 decades, you better invest in lottery tickets. The most probable path to a financially secure retirement is the product of an investment program (either active or passive) started when relatively young; living on less than all your after-tax income (saving means delayed gratification); and either self-directed or via professional management, adopting a sensible strategy suitable to age and comfort zone. There is wisdom in flexibility, diversification, and not being life-long wed to any strategy. It is appropriate to take greater risk for greater rewards (sensible growth stocks) when younger, as those are our lowest earnings years combined with our highest expense years--in the years between early investment and retirement, investments in solid growth companies can double 8 times or more.
There is time to adjust allocations to a more conservative strategy when closer to retirement. Never assume you have an information edge over the professionals. Time-in-the-market is your principle advantage. When/if you become interested in dividend stocks, never forget both price return and dividends compound, and price more so.
Financial independence is achieved when one has sufficient confidence his/her lifestyle will not change significantly, regardless of the potential depth or breadth of decline suffered by their portfolio--including a prolonged series of bear markets such as 1929-37. True, the recent 18-month bear market ending mid-2009, was deep--but also too brief to consider its lack of widespread dividend cuts to be as proof a portfolio of dividend-payers won't suffer income losses in a more prolonged decline (i.e., no portfolio is "dividend bulletproof").
The balance of this profile is lengthy, and likely not helpful to passive investors who simply go along for the ride, their portfolios bobbing up and down like flotsam in the ocean; their course always subject to the whims of winds, waves, and trends...THIS IS YOUR ONLY WARNING!
PORTFOLIO GOALS Now in my 70s, it’s no longer appropriate to engage in the growth strategies applied in wealth accumulation. As a more conservative investor, 100% of his portfolio consists of dividend-payers. 95% of positions have investment grade credit ratings (the lone exception is a REIT).This combination, along with having companies in 10 of the 11 S&P GICS sectors (none in Materials at this time) provide a measure of diversification. This IRA portfolio holds no bonds, though bonds and other investments are held elsewhere.
Maximizing total return and wealth preservation are mutually exclusive. A key observation: Having the capacity for risk is not the same as having the tolerance for it!
Rich’s objective is now a ‘smoother-ride’ that levels out the market’s peaks and valleys (limit losses, trim notable excess valuation). That smoother ride in an all-equity portfolio cannot be achieved without active management and continuous monitoring of positions--therefore TIME is an essential input to his portfolio management. Active management does not’ means frequent changes, as it is not unusual for a quarter or more to pass between a trimming or sale (nonetheless, when a company fundamentals change, or a mistake is made, corrective action is taken.)
STRATEGY SINCE 2008 Rich targets both legs of TOTAL RETURN (distributions + price change). His Growth & Income strategy often focuses on VALUE investing tactics applied to dividend-payers. Value investors seek out unpopular, companies most investors are avoiding (i.e., fundamentals have declined but credit rating is strong, BoD has implemented a rational recovery plan, and the dividend not in danger). Value investors seek to be paid to wait for other investors to recognize the stock’s value and assign it a greater share price. In any event, value stock or growth stock, Rich always seeks a ‘margin of safety’--no shares are bought at prices >FV, and his margin of safety is derived from dividends paid, price appreciation, and rising FV over time.
In all cases, value or growth, Rich selects well-established dividend-paying companies having a high-probability of growing earnings (growth of earnings is ESSENTIAL to growth of price and dividends). He tends to be flexible, forward looking, reactive to changing fundamentals, and willing to admit a mistake so action follows.
SDI is not easy, success is not assured, and in recent decades, advice from academics, and investment coaches, almost universally recommend index funds. Those NOT having the prerequisite time and interest are unlikely to develop the requisite skills for stock investing--thus the probability strongly suggests most newbies would be better served by indexing (Ben Graham wrote favorably of indexing). However, when done successfully, self-directed stock investing can offer rich psychic and financial rewards.
CORE PORTFOLIO Presently, +/-30 equities. Core holdings dominate at about 65% of total portfolio positions. Favored are traditional, large- and mid-cap, low-beta, best/near-best in class, institutional-owned, moaty, dividend-paying, value and growth stocks, having investment-grade debt ratings, and representing the consumer staples, healthcare, utilities, and telecom sectors.
OPPORTUNISTIC PORTFOLIO The remaining 15+ positions consist of equally well-known dividend-payers found among widely-owned cyclicals, such as financial, industrials, consumer discretionary, technology, real estate, and energy sectors are sensitive to the economy. In an expanding economy, cyclicals typically grow their earnings (and dividends) faster than do the typically slower-growing core companies. But because the reverse is also true, in a contracting economy, these positions are intended to be heavily trimmed to preserve gains as the economy peaks and shows evidence of decline. Some are susceptible to quite significant price declines when Mr. Market assumes their will suffer reduced earnings, and sometimes dividend-freezes/cuts, in anticipation of those events.
Rich is sometimes fully-invested, but unlike some, observes no such rule. Building a large cash cushion at the front-end of a correction/bear market (-20%) provides the dry powder required to both cushion the market's decline, and also creates the cash required to purchase excellent companies at below FV prices (without having to sell a position he wants to keep!).
TRIMMING POSITIONS When positions in either portfolio become significantly overvalued, they are trimmed by 5-10%, and the proceeds applied to fairly valued companies before the (almost always) temporary gift of over-valuation reverts to the price mean. If the position continues to advance, and absent other information, the position will be trimmed again. Added benefits to selective trimming include (1) serves as a more sensible method of rebalancing (as opposed to automatic--professionals do not use such a meat cleaver); (2) reduces the position's remaining Capital at Risk (which may suggest room for additional shares within an otherwise full position), and (3) provides the necessary dry powder to buy other shares at FV or below.
OTHER INTERESTS As we age, the importance of family grows. Rich has long volunteered in his community; over the years has served with distinction as member/chair of a number of advisory committees. Assisting others on SA is also a source of satisfaction and fulfillment.
Finally, having been blessed by years of excellent investment performance, Joyce and Rich have long been avid world travelers, and have visited over 60 countries over a span of 30 years (his SA avatar reflects the Taj Mahal in his sun glasses). They reside in Michigan--for 9 months of beauty, bliss, and family, and thoroughly enjoy wintering in equally beautiful Naples FL--for 3 months of sunny warmth and relaxation.
Life is good--it's been an unbelievably awesome ride!
Professionally, I have done a bit of everything in my long life, from playing rock and roll, to developing software, and running a successful entrepreneurial business. But I am best known as a writer of bestselling books about business and health. I write under a pseudonym here on Seeking Alpha because that way I know readers will evaluate my work strictly on the basis of what I actually said rather than who I am.
I have commented on SA for nearly 4 years. My name, Kathy 1, is real. The 1 stands for the only one in my family not afraid of the "risk" of the stock market......when you understand something, then you understand the risk. SA has taught me that it is a market of stocks, not a stock market. I would have invested in MCD, if I had known how to budget, when my senior high economics teacher in the 70's said; MCD, with re-invested dividends, would be worth a million dollars in the future. That is why I am here:because of a teacher. SA commentators and contributors are, in effect teachers, if you take the time and read and respectfully comment. SA is a great group of responsible people who share and are trying to make their lives and their families lives productive and enjoyable. Teaching the family members about investing is part of the deal; so they may learn and continue on what I have started. My husband has learned along with me. Long on the following stocks; BasicMaterials:COP,CVX,MPC,PX
Consumer Goods: GIS,KMB,KO,MCD,LEG,PG,SMJ Financial:PJC,USB Heatlhcare:GILD,JNJ Industrial Goods:EMR Technology:CSCO,MKST Utilities:D,PPL,SCG,SO,SRE I have been a ski instructor, an educator and I have worked as a sales person.
PRIMARY OBJECTIVE: ... Income Replacement!
Escape velocity is the speed that an object needs to be traveling to break free of the planet's gravitational pull and leave it without further propulsion.
This portfolio is looking for the point where the income being generated can allow the holder of this portfolio to escape the gravitational pull of the market and economic forces of worrying about share prices.
The objective is to generate enough income from assets that the only selling of shares will become an option, not a necessity to survive. Therefore, with enough income being generated, it minimizes the fear of meaningful market corrections as dividends are based on the number of shares owned, not the share price.
I'm an advisor 4...myself occasionally helping out a few relatives avoid the hype of the finance industry. Long term investor no interest in trading, fads or hot stock tips.I think alpha is very very hard to find but I'm curious to see if anyone has found it here
Derek Getz is an individual investor seeking to navigate the investment world in order to provide a wealthy and stable retirement for his family. His aim is to help fellow investors, notably younger investors, establish a plan to produce a growing stream of income. Derek holds a degree in Computer Science from the University of Delaware and lives with his wife and two children.
I am the author of Guiding Mast Investments monthly newsletter, focused on timely dividend paying stocks. In addition, my services include a review of individual portfolios along with education of portfolio management techniques.
I have been a Registered Investment Advisor, financial author, and entrepreneur. I bring a variety of expertise to my clients, from personal investment planning and management to stock market analysis skills. I am the creator of the investment newsletter Power Investing with DRIPs focused on timely selections of dividend paying stocks. I have also published two books through McGraw Hill, All About DRIPs and DSPs, and The StreetSmart Guide to Overlooked Stocks.
My work experience covers a variety of fields.Prior to being a RIA, I spent 15 years as a corporate manager at Georgia-Pacific Corp before venturing out on my own, operating several businesses from manufacturing to export marketing management. President Ronald Reagan appointed me to the National Advisory Council overseeing the Small Business Administration from 1988 to 1991.
Now comes the obligatory disclaimers: The opinions and any recommendations expressed in this commentary are those of the author . None of the information or opinions expressed in this article constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this commentary constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results. The information contained in this report does not purport to be a complete description of the securities market, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Expressions of opinion are as of this date and subject to change without notice. Either Mr. Fisher or his employer, if any, may hold or control long or short positions in the securities or instruments mentioned.
Let's trade trade trade, and then trade some more! Love the ladies on FOX business, and Fidelity loves me. I think that's enough. No book, No paid articles, No premium content, No company, just my own personal hedge fund - dammit. I'm such a failure. In case you don't GROK "GGjr" - that's Gordon Gekko Jr. A reflection of my net worth being several decimal points to the right of his....
I'm a Nifty-Fifties individual investor with about 10 years before I decide whether to retire.
I've been in the market in one form or another for over 30 years. Spent the first 20-something years chasing growth stocks but got tired of the constant watching of my holdings and timing buys and sells. I tried the Modern Portfolio Theory, balancing my investment between many classes of investments, but never felt I had much control nor made the progress I wanted. Did the "tech bubble" thing following the hot Internet stocks and lost quite a bit of money. I've commented here about riding MSFT, CSCO and others down to a nice loss in the 2001 recession. Then I found Seeking Alpha and the dividend growth investing concept. I've finished working on rebuilding my portfolio with a dividend income stream and now am content to monitoring it, make adjustments as cash is available and watching the dividend checks coming in. Going forward, I'll just adjust here & there to keep advancing my portfolio income stream. Now I am helping my wife build her retirement portfolio and her dividend income stream. Maintaining Grandma's portfolio has been added as another task on the "HoneyDo" list.
I write here on Seeking Alpha for several reasons:
1.) We are not blessed with high incomes yet I've been able to build an income stream that will help us through retirement. My goal is to encourage others of modest means like us to take the steps necessary to build a portfolio for retirement.
2.) Writing forces me to take an analytical approach to research using the methods I find agree with my learning style. It's been said that "there are many ways to skin a cat" so if my analysis methods don't help you, I'm sure there are other authors that may. If something I discuss helps you in the decision making process, I'm glad I could help.
3.) Getting constructive feedback tempers any unwarranted enthusiasm when I analyze a company. Seeking Alpha has plenty of educated investors willing to share their opinions and makes me rethink my theses.
I get frustrated adding "me too" comments with nothing useful to add to the really great authors' articles and comments so I'll offer my appreciation here (in no particular order) to Chuck Carnevale, Bob Wells, Jeff Paul, David Fish, David Crosetti, David Van Knapp, Tim McAleenan, Eddie Herring, chowder, Bob Johnson, Robert Allan Schwartz, Dividends4Life and Norman Tweed. I thought I'd keep adding names here but, after reading a lot here, I've found comments from many that helped shape my thinking, taught me a thing or two or clarified something. So, the above list were the major authors that have influenced my investing philosophy but there are many more that write or add a comment or two that I appreciate. Thank you too.
Formerly: John Galt.
The majority of my capital is invested in Dividend Growth stocks. I also enjoy searching for the next big thing.
To grade my investment decisions: I've usually been able to "buy low", but I've often sold out too early. I'm firmly against losing money. I have no problem with building up my portfolio slow and steady. After the 2008 Financial crisis I've been much more macro focused instead of being more of a stock picker.
I love a good stock debate, looking at the best bull case, best bear case and picking my side. I believe in doing your own due diligence! I enjoy reading finance/stock market books among other things.
Love traveling, and always have my eye out for the next investment idea when at home or abroad.
I joined Seeking Alpha as a Senior Editor in June 2012. Currently, I manage the Dividends, Income & Retirement and Expert Insight platforms. D&I focuses on income investment strategies and dividend investment-focused content for investors from the accumulation stage to retirement. The purpose of Expert Insight is to expand and elevate the quality of Seeking Alpha's content by including articles from an industry insider's point of view, designed to help investors make more informed decisions as they consider specific sectors and trends within those sectors for their investing strategies, e.g., utilities or technology. Expert Insight articles offer more of a macro, 30,000-foot-view that goes beyond investment analysis or stock recommendations.
I also curate the Dividends & Income Digest, a bi-weekly publication that takes a look at a question that is compelling and relevant to the community, showcases the responses of DI thought leaders, and serves as a round-up of top DI articles.
I hope to continue to discover new voices and thought leaders through insightful articles and conversations in the comments threads. My goal is to draw a large, diverse audience to Seeking Alpha, and make our community THE go-to place to participate in investing research and exchange lucrative, unique, exciting investing knowledge and ideas. I'm always looking for new ideas and contributors, so please feel free to reach out to me. I'm eager to hear your thoughts and discover how we can work together to make Seeking Alpha the best site for investors on the web.
I have been an investor for a number of years but it's only in the last couple of years that I have made dividends and, perhaps more importantly, the growth of them, the focus of my investment approach. My priority will therefore be on stocks that either pay stable and high dividends and/or are increasing them at a high rate.
First of all, let me state that I am NOT a CPA, attorney, nor financial planner. I am just a relatively savvy stock investor who wants to help the general public find their way through some of the maze of stock investing.
I am 85 years young, although you might not think so from my accompanying newest picture. Yes, that is reallly me, age 84 and 11 months. I have been investing in stocks and bonds for about 60 of those years. It is now my main hobby. I invest mainly in high-yield stocks rated A- or lower down to B. I got stung a few years ago when Lehman Brothers, rated AAA, went down the tubes, costing me over $25,000, so decided to never again get involved with highly rated (over-rated) stocks that paid only small dividends. I prefer the high-yield stocks like BDCs, REITs, and MLPs from which I can get paid NOW, even though I actually expect to last another 20 years or so. I have developed my own stock investing system that I call MRHY (medium risk, high yield).
I took early retirement in 1987 from a job as manager of a Computer Systems and Programming department at a large life insurance company. I am the holder of a CDP (Certificate in Data Processing) from the Data Processing Management Association (DPMA). During my working years, I frequentlly worked closely with the company actuaries and accountants. I even took some actuarial classes to be able to work with the actuaries in their own language and skills. Those experiences, plus my computer skills and high IQ, have alllowed me to build my stock portfolio from less than $300,000 in 1987 to over $600,000 in 2007. I also have the benefits of ~95% long term retention of whatever I read or hear, which is very useful in stock market investing. I inherited $everal hundred thou$and in 2011, which I have invested in medium-risk, high-yield stocks (MRHY), so that my total stock portfolio is now well over $1.25 million.
The above Bio was posted a couple of years ago and has now (October, 2015) been updated. My stock holdings are now over $1.5 Million and my annual dividend income is now just
over $175,000. I also collect income from SSA, 3 annuities that my deceased wife and I started receiving when we retired, and a restaurant seating about 120 that I bought in November, 2014, for a total annual income of about $240,000.
Folks, if I can do it, you can too. All that it requires is a good brain with an understanding of the financial world, mathematics, and a little actuarial science, plus a high risk tolerance!
I am focussed on building passive income through dividend investing. My path to progress is smart saving, sound investing and income through dividends.
My blog can be found at financiallyintegrated.com.
Been nibbling at blue chip stocks, usually during corrections, for 20 years. Dividends reinvested.
5% of my time on investing, 95% work. Hopefully investments work out well, then I can reverse that.
Hello, I'm an independent investor from the Dallas area. I enjoy biking, golfing, family, friends, the beach around Destin, FL (30-A), and reading Security Analysis and The Intelligent Investor. I have been a credit manager in the Oil-Gas and Steel industry for over thirty years. My investing objective is simple: To build and manage a reliable, predictable, and increasing income stream which will allow me to escape the gravitational pull of the workforce one day, (thanks Chowder), and for retirement living...."The real money in investing will have to be made-as most of it has been in the past-not out of buying and selling-but out of owning and holding securities, receiving interest and dividends, and benefiting from their long-term increase in value"......Benjamin Graham. I am long: AAPL,ABBV,CL,CSCO,D,DIS,ED,EMR,GILD,HCN,IBM, JNJ,KO,MO,MSFT,NSRGY,OHI,PFE,PG,PM,SBUX,SO,T,TGT,WEC,WFC,XOM
Somewhere between disaster and "more of the same" is the world we all live in today, and it may go on in this same state for our lifetimes. No black swan, no collapse, no implosion of the Republic. Because there is no knowing I have given up trying to know or predict.
I have one goal. Survival at a modest level under any foreseeable future.
Let it be noted, I am a tiny investor.
If all my Shearson Lehman deals hadn't gone south, I'd be a medium small investor.
Now I trust no one.
So. Really big companies. Really good divi histories. Really broad diversification.
Buy and hold. Usually.
Gold buried in my sister's yard. Cash under the mattress. Food in the basement. And a full expectation that we shall see a blistering correction before 2020. But, no telling.
Let's talk about the big companies. I like big, strong and smart.
I want a dividend that has history, a future, and a present.
I want, five years from today, all investments made today to be yielding at least 5% based on cost.
The higher today's yield, the lower the dividend growth rate can be. So I like the "Chowder Rule." Some examples of stocks in this category (I think) are T, SO, DUK, VZ, D, AEP, and so on. Based on my cost basis.
The other extreme are a companies whose dividend growth rate leads to a reasonable expectation that it will yield 5% in five years. WMT, MCD, KMB, CL, EMR, TGT, and JNJ all are of the type. More or less, as of this writing. They will have their ups and downs. Bought right, in general, they should fit the bill.
My third favorite category are resource oriented companies, mostly oil, whose history and business fit with my goals. OXY, COP, CVX, XOM, RDS, FCX, and BHP come to mind.
These three kinds of companies represent my "core" investments. Outside the core, about 10% of the portfolio is more adventurous.
To round out the stable with some diversity I also own some REITs; O, ADC, OHI.
I also hold a very small portfolio of energy related companies like LINE, VNR, etc.
And yes, I do own little tiny positions in a few gold and silver resources. While I fully expect metals to break below the floor they are forming here in late January, 2014, but I hold them as a little insurance.
No position is over 5% of the portfolio value. Oils are overweighted on purpose as a group, perhaps foolishly, since oil may see a decline this year. Most positions are 2-3% of the total.
I try and follow Chowder and Carnevale here on SA, and wish I had gotten the divi bug sooner in life, so I preach it ofter to others. As the markets unfold, I may of may not prove to have the mettle to be a buy and hold investor.
I have been a software engineer developing various types of computer programs for more than 25 years in many different fields. I have been investing 401(k) funds in various mutual funds for close to 20 years and started investing outside of my retirement account a little over 10 years ago.
I used to follow a value oriented strategy, but after I saw how that faired in the financial crisis, I began to switch over to a more income based approach. I am in the process of switching my portfolio to a DGI strategy.
One of my most profitable picks turned out to be Freddie Mac, which I orginally chose because I liked the divedend and because I once worked there. When it first ran into problems I increased my holdings because it still looked like a good value to me. I eventually managed to buy several thousand shares at a cost of $0.50 (I knew that was a good value) and eventually exited the stock at a price that was $5 a share above my average share cost.
My biggest miss was when I sold out my 100 shares of Apple shortly after Steve Jobs returned but before he had done much to improve the companies outlook.
My holdings incude :
ABBV CL CMI CVX DLR EMR LTC
F GIS HTA INTC JNJ KMI KO KHZ
LMT MCD MO MPW MSFT O OHI PG T
VGR WEC WMT WPC
I am a retired Registered Nurse interested in biotech and new technology.
I am the Delta Sigmoid (dumb sh__)
I have no idea why people "follow" me, as I know next to nothing, and what I do know is enough to be dangerous to myself and others, I am good at sticking foot in mouth, and sticking up for people, and once in a while I even amuse myself!
It's a good thing I don't manage my own portfolio, I have mad money to play penny stocks, more fun than gambling, but my penny stock picks suck too!
Good luck to all!
Now where's my drink? ;)