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Contraria2

Contraria2
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AAPL, BAC, BF.B, BP, BRK.A, BRK.B, COP, DGRS, DGRW, DLR, ED, GD, GE, GIS, IBM, KO, KRFT, LINE, LMT, LNCO, LO, MCD, MDLZ, MKC, MMM, MO, O, OHI, PG, PM, PSEC, SDRL, SO, SPY, T, UTX, V, VZ, WM, WMT, XOM
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  • Differing Outlooks On The Market [View article]
    Annuities and reverse mortgages are for absolute desperate situations. It's a last resort. But salespeople make it sound rosy with colorful brochures and smiling elderly people with perfect white teeth.

    Basically it's stealing your house, with your consent.

    I would never do either. Worst case, sell the house and move into a one bedroom in a cheaper neighborhood, and invest the difference.

    My humble opinion.
    Jun 29, 2015. 04:27 PM | 9 Likes Like |Link to Comment
  • Introduction: Ward's Portfolio Project [View article]
    WSD,

    Why do you need to get personal? Why does it bother so many people how others choose to invest?

    And more importantly, Chowder, DC and MN have stated on many occasions they have other types of investments, as well. Many DGI investors discuss that particular part of their portfolio, but they may have real estate, gold, bonds or some other form of investment not addressed here.

    You can be entertaining and get your point across without being nasty.
    Jun 21, 2015. 07:22 PM | 6 Likes Like |Link to Comment
  • Introduction: Ward's Portfolio Project [View article]
    Nick,

    No opinion on your decision one way or another. You write great articles, and I really like your interviews.

    But, no matter how much one *reads* about the pain of a bear market (or a quick meltdown) it ain't nothing until you've experienced it. I was making and losing money in the 90s trading. I finally had enough in 1999. That's when I began my buy and hold quality stocks journey.

    Most of the purchases made over the next 16 years are still in my portfolio. I even courageously, or stupidly, bought (a lot) more in 02 and 09. But it wasn't fun.

    It's that pain which causes all the giddy-during-good-times investors to sell at the bottom.

    My advice: be careful. This party will end at some point.
    Jun 21, 2015. 03:04 PM | Likes Like |Link to Comment
  • Shell No! I Won't Go Back To Rule-Changing Oil Giant [View article]
    Mike,

    "Maybe I'll get to the point where I put a stop-loss order out so I don't lose any more of my COP profits. We'll see."

    This right here paragraph explains the reason behind the 1000s of B&Hs comments.

    Would you put in a stop loss for XOM if it drops to $78?

    (Just trying to understand)
    Jun 12, 2015. 06:01 PM | 1 Like Like |Link to Comment
  • Shell No! I Won't Go Back To Rule-Changing Oil Giant [View article]
    Mike,

    You still didn't explain what's wrong with Shell, other than a cute headline and your feelings. CVX and XOM are also down.

    If you're investing only (mostly) for income, what difference does it make where the price goes? If Shell had reached say $115 would you have sold?

    I don't get your short term thinking amidst your long term portfolio.

    You do realize every stock in you portfolio can drop precipitously at any time, right?

    Anyway, good luck with your investments. I'm standing pat with RDS.B.
    Jun 11, 2015. 02:27 PM | 12 Likes Like |Link to Comment
  • Philip Morris declares $1.00 dividend [View news story]
    Frog,

    " Hrm... There was quite a bit of optimism that this would be raised. One wonders if this will be seen as a negative. (Though not by me) "

    For more than **five** decades PM has raised its dividend in the summer. (Now -- MO August, PM September.) How can an owner of PM not know this?
    Jun 11, 2015. 10:41 AM | Likes Like |Link to Comment
  • Differing Outlooks On The Market [View article]
    Chowder, Chowder!

    Re: selling MO

    What happened to your Military Mantra: "Let your winners run?"

    You could have bought these stocks any time with new money...

    You're killing us.
    Jun 8, 2015. 10:43 PM | 2 Likes Like |Link to Comment
  • 10 Reasons Why Growth Stocks Can Be Appropriate For Retired Investors [View article]
    Rich,

    "Now let me ask a couple questions:
    Is the following a corollary? We've both read this DGI mantra about 1,000 times: 'A major advantage of DGI is not having to dip into principal'. However, as principal is the amount invested (cost)...is it not true a decade or two of capital growth makes it more likely the DGI shares eventually sold to meet RMD represent dipping into portfolio capital gains, not principal? If that is agreeable, perhaps my discussion of adding growth companies is not altogether either foreign to, or unhelpful to, DGIs having IRAs."

    Great questions. Food for thought.

    In the 90s I was a trader. I made loads of money, and lost even more. Since 1999 I've been (mostly) dripping. Buying, holding, reinvesting. 98% of my transactions, since 1999, were purchases. I have found buying and *holding* really works. Every single sell (of a blue chip stock) was regretted.

    However, I have to say, had I focused on growth stocks instead of DG type stocks, I probably would have more money today. I'm sure I would easily get over the DG mindset if a stock I owned went up 13,000%. AAPL NFLX ISRG PCLN etc.

    The problem is, though -- *when do you sell?* When you're up 1000%, 3000%, 6000%? If you buy and hold growth stocks, you run the risk of losing all your gains - rapidly.

    That is the #1 reason I stick to the DG plan. NFLX went from the $300s to mid double digits a few years ago. Then came roaring back. How many people would/can hold through such volatility? I definitely couldn't.

    I do still trade, though. When a sector or the market gets decimated, I will buy an ETF (of that specific sector) and trade it. Generally, Thank G-d, that has worked very well.

    Also, I would really like to be in a position where I don't follow the markets on a daily/weekly basis. Growth investing needs to be more actively monitored than boring blue chips. Making (more) money is nice. Having a life is even nicer.

    Rich, thanks for your push to make us (me) think.
    Jun 8, 2015. 10:40 PM | 2 Likes Like |Link to Comment
  • The No. 1 Stock In The World - Part 3 [View article]
    Chris,

    I don't know how long "most of your life" is, but have any of your investments outperformed Altria? (The old Philip Morris.)
    Jun 8, 2015. 06:22 PM | Likes Like |Link to Comment
  • Retirement Strategy: Dumping Chevron To Add More Exxon Mobil For Income [View article]
    Mike,

    I'm not sure I understand why you're "thrilled" you sold Shell last year. Every single stock you own will go through rough times. You are going to experience large draw downs over the next few decades.

    Shell is just one stock. I'm actually glad it's getting pummeled. Nibbling every chance I get.
    Jun 6, 2015. 11:17 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Dumping Chevron To Add More Exxon Mobil For Income [View article]
    Mike,

    I hear you. I buy COP and XOM every month via computershare. And I added to RDS.B and CVX in my brokerage account, late last week.

    I know they may all go lower. But this is the time to be buying (or holding), not selling.

    GLTA
    Jun 6, 2015. 11:13 PM | Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    It is in a taxable account. It was painful to pay the taxes, of course, but better than the alternative. :)

    At this point I don't intend to sell any more IBM. Unless it goes to the stratosphere, then I'd probably trim a bit more.
    Jun 5, 2015. 04:13 PM | Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    Chowder,

    When LMT hit $200 a few months ago, I sold 15% of my position and put that in other stocks. My average cost was in the mid 80s and that sale brought it down to the $50s-60s. Income went up, cost went down, and I still have plenty of shares left.

    Did the same thing with IBM when it hit $200 + a couple of years ago. Between the sale and all the dividends received (since 1999) my cost in IBM is probably in the $20s-30s. Thank G-d.

    I don't see any reason NOT to do it. Especially if you have replacements in place.
    Jun 5, 2015. 01:59 PM | Likes Like |Link to Comment
  • Retirement Strategy: Dumping Chevron To Add More Exxon Mobil For Income [View article]
    But high, sell low. Buy when everyone is upbeat, sell when there's a down draft.

    It's never going to change. Thank you to all those selling CVX and COP.
    Jun 5, 2015. 11:16 AM | 15 Likes Like |Link to Comment
  • Learning From The Masters: Q&A Session With Richjoy403 [View article]
    Rich,

    Good stuff. I agree with you.

    I don't think, in 2042, I'll be able to say "I haven't sold a position since 2015 etc." But, I may still be holding many of the stocks purchased then.

    For someone who would like to "try to be like B&H," one could have one (or more) account(s) where they never/hardly sell, and one for more active trading.

    Most of my mega blue chip dividend stocks are (almost) never sold, over 19 years -- but I do venture into volatile ETF's like QLD ERX TNA to make a quick buck when the market is tanking. Most of those profits end up in the DG stock pile. That's where I get my total-return fix.

    I bought ERX today, and added to VZ COP and CVX. If I had available cash in the ROTH, woulda added to RDS.B.
    Jun 4, 2015. 02:46 PM | 1 Like Like |Link to Comment
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