I am a CPA with a practice in Florida concentrating on small business accounting, tax planning and preparation. I am also a software consultant for Nortridge Software, a provider of loan servicing software to lending organizations. In the past I have worked for several Fortune 500 companies including Marriott International where I was a Financial Reporting Manager and Controller and Alamo Rental Car. As an individual investor most of my trading is done in tax deferred accounts.
Baby Boomers with modest nest egg who got tired of watching our low yielding mutual funds lose money and decided to take over managing our portfolio in 2009. In 2013, after reading a number of investing books and countless articles on SA, we decided DGI gave us to best chance at meeting our goals with reasonable risk. Goals: retire by 2022 (2023 at latest) with a minimum of 12k/yr (1k/mo) in dividends to supplement pension and SS. Challenges: Modest initial capital and income (under 45k) limits Roth contributions, relatively new to investing on my own (late 2009), new to DGI (2013). Limited time and money may prevent me from reaching much past my minimum goals. 12k/yr may not be enough to make a significant enough difference depending on medical insurance costs. Strategy: DGI, take divs in cash and invest in best possible opportunity, contribute as much as possible to our Roths until retirement. Minimum IY of 3%. Try to apply Chowder rule to all new investments. I occasionally employ cash secured puts or covered calls when entering or exiting a position. Progress: Began transitioning to DGI mid-2013. Portfolio yields about 7.5k/yr as of early 2015. I have a much better grasp of what and how I can reach my goals. I had reached the 12k/yr goal in 2014, but only by using a high yielding CEF with a large portion of the portfolio. That CEF announced a 50% cut to distribution and the position was closed with a nice gain. I have since redeployed those funds into DG stocks albeit at a lower yield. Progress to 1k/mo goal: 72%
From 2001 to the current, I have been an investor in distressed real estate and I have provided mezzanine financing to real estate investors. From 1995 to 2001 I was a professional angel investor and consultant to early stage high technology companies in the ares of finance, corporate governance and capital raising. From 1984 to 1995 I was the CFO, COO and an owner of a high technology company that provided financial services software and services. I was a licensed CPA for 35 years, but I practiced as a CPA only for the first six of those years.
i have an MBA from the University of North Carolina. Go Heels!
Retired HR administrator.
Financially and politically Conservative
Thoroughly disgusted with the current chaotic economic climate, as well as the overwhelmingly self-serving and irresponsible tax-and-spend whackaloons of every political stripe with whom we are presently afflicted.
Longterm buy-and-hold DRIP stock investor.
Educated as an economist, my early career focused on commercial banking and management and financing of capital asset. My middle career moved into construction management and RE feasability analysis. The final phase of my career involves supervision of thousands of appraisals of RE and Personal Property each year. Litigation over valuations is a common part of my work.
For the past 15+ years my investments have been weighted toward REITs and precious metals. I'm an economist, analyst, appraiser, stratigist and manager with five decades of experience.
Long loser trader. My stocks tend to tank. Fortunately, I'm too poor to lose much. During the Bull Run, I would lose by being too conservative, but as the market appears to be peaking I'm more of an impulsive buyer. This strategy should keep my taxes in check.