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Age 71. Retired completely in 2007, after spending 46 years in teaching, government service and finally church administration. Undergraduate degree in history, master in education, history, and business administration. Most work experience was as staff analyst for the Office of the Secretary of Defense.
Goal: To increase our retirement income every year by 6-10% primarily through dividend growth investing using David Fish's CCC monthly spreadsheets, plus other income producing investing.
My wife and I don't need this income to meet our basic expenses. We let this income just grow by selective reinvesting and we spend it by transferring shares to our 6 grandchildren's UTMA accounts. We also save cash
in a short term bond ETF for emergency needs, new house and car maintenance, and for travel.
On Dec. 20, 2013, we added a new goal to buy a new car in about 2 or 3 years, to replace a 2005 SUV that still has relatively low mileage, but we're both tired of owning.
To do this, I have removed all automatic reinvesting in our joint taxable portfolio, and will save most of the dividend income towards that new car. My IRA and Roth IRA accounts plus my wife's Roth IRA will remain on automatic reinvestment.
Current Portfolio is below. No formal training in finances or security analysis. Been an investor for 50 years, most aggressively since early 1999.
Current Portfolio: Spend considerable amount of time managing and fine tuning our portfolio, which now consists of 42 dividend growth stocks, 8 closed-end funds, 4 ETFs, 2 REITs, 14 other stocks, for a total of 70 positions [down from 102], and 1 corporate bond.
Utilities: AEP, CMS, D, NVE (NVE went to cash 12-20-2013)
MLPs: KMR, VNR (technically, neither are MLPs, but act like MLPs)
REITs: O, OHI, ARCP
Consumer Staples: ADM, KO, KR, KRFT, MDLZ, PEP, PG, SYY, WMT
Tobacco: LO, MO, PM
Consumer Discretionary: HAS, MCD
Telecom: BCE, VOD, VZ (from VOD Spinoff-added VZ shares to it yesterday)
Financials: AFL, TRV, NYCB
BDCs: BKCC, PSEC
Energy: BP, CVX, COP, KMI, SE, XOM
Health: ABT, ABBV, AZN, GSK, JNJ, MDT, MRK, NVS, PFE
Industrials: EMR, GE, ITW, NSC, TAL
Technology: AAPL, CSCO, GOOG, INTC, MSFT
ETFs: DVY, SCPB (for interest on cash) + 2 I'm selling.
CEFs: CYE, GAIN, KED, KYE, MGU, NIM, TYN, TYY (KED,KYE,TYN,TYY are invested in MLPs)
Dividend stock ideas & income, Retirement savings, Stocks - long
There will be no company info.
Currently, there are no blog details for georgebeddoe.
No book unless you want a family history.
Bought some more $
today at $10.84. Don't mind the indices dropping BDCs. Short term blip to our advantage.
4 days ago
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