I retired from being an Engineering Fellow for a major industrial conglomerate in 2007. I spent 32 years there and focused on technology strategy and new technology development. I was fortunate to have both a defined benefit pension, a good size 401k, and some taxable brokerage accounts. To keep my mind busy, I made a hobby of personal investment management. I have focused on asset allocation theory, valuation techniques, and technical analysis. As an income investor, my primary interests are choosing and holding individual dividend stocks, including MLPs. I select actively managed mutual funds for other asset classes. I recently began using exchange traded debt (baby bonds) and preferred stock to supplement a multi-sector bond fund.
Age 73. Retired completely in 2007, after spending 46 years in teaching, government service and finally church administration. Undergraduate degree in history, master degrees in education, history, and business administration.
Most work experience was as staff analyst for the Office of the Secretary of Defense. The photo is one of my grandson born three years ago.
Goal: To increase our retirement income every year by 6-16% primarily through dividend growth investing using David Fish's CCC monthly spreadsheets, plus other income producing investing. 2014 investment income was $21,822, up 23.6% from 2013. Really surpassed my goal. Delivered at $24,000 in 2015.
My wife and I don't need this income to meet our basic expenses. My pension is our stand-in for bonds. We let this income just grow by selective reinvesting and we spend it by transferring shares to our 7 grandchildren's UTMA educational accounts and for foreign travel. We also save cash in a short term bond ETF for emergency needs, house and car maintenance. To do this, I have removed most automatic reinvesting in our joint taxable portfolio, stocks from which I periodically transfer shares to my grandchildren. 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 52 years, most aggressively since early 1999. Current Portfolio: Spend considerable amount of time managing and fine tuning our portfolios, which now consist of 42 dividend growth stocks, 3 closed-end funds, 3 ETFs, 4 REITs, 9 other stocks, for a total of 61 positions [down from 102], and 0 bonds. 42 of these are CCC stocks. My aim is to hold no more than 50 positions.
Utilities: AEP, CMS, D, SCG, SO (and waiting for WEC, when price right) MLPs: None
REITs: O, OHI, CLDT, HCP
Consumer Staples: ADM, KO, KHC, MDLZ, NESTLE, PEP, PG, SYY, WMT
Tobacco: MO, PM, RAI
Consumer Discretionary: HAS, MCD, SBUX, TGT
Telecom: T, VOD, VZ
Financials: AFL, TRV
Business Development Companies: PSEC (selling about 75% of PSEC). .
Energy: BP, CVX, KMI, XOM
Health: ABT, ABBV, GILD, GSK, JNJ, MDT, MRK, NVS, PFE
Industrials: CAT, EMR, GE, NSC
Technology: AAPL, CSCO, GOOG, GOOGL, INTC, MSFT
ETFs: DVY, SCPB (for income on cash)
CEFs: KED, MGU, TYG (selling all of these).
My principle Seeking Alpha mentors are: Chowder, David Fish, and Chuck Carnevale, plus several others in specialty fields like REITS, MLPs, and Business Development Companies (BDCs).
In my opinion, the best writers in this dividend growth investment area are Chowder and Mike Nadel, who started in the DGI strategy about the same time I did; Mike learns faster.