Motto: I invest in undervalued (i.e. cheap) well-established companies trading at a below market multiple.
The companies that I invest in are large stable companies with proven track records. My goal is the highest total return possible with the least amount of risk.
Professional Background: I am a healthcare practitioner with extensive experience in the pharmaceutical sector. I have a passion for investing honed over the past twenty years through various market cycles.
I've been an investment analyst and financial writer since 2012. I hold a Bachelor's degree in Finance from DePaul University, and an MBA in Finance from the University of Notre Dame. I also have experience working as a research analyst for a mutual fund.
A few years ago, I was looking through my 401k statement and noticed a rather glaring reality – the mutual funds that I had the option to invest in were all underperforming their peers, while dwarfing their expense ratios.
I had the sneaking suspicion that I could do better myself. And I have largely been right. However, with three kids now five and under, I simply don’t have the time to study technicals and look for golden crosses or reverse head-and-shoulders. What I really needed was a portfolio which could handle a largely hands-off approach. And so I have started the journey to make my portfolio focused on an ever-increasing income stream, rather than an overwhelming focus on percentages. Since I am 37, I have the time horizon needed to make this compounding approach really work for me.
The moves I make and the portfolio I share is real. Here’s what I hold as of 4/30/16:
CRC – cost basis $9 (spinoff from OXY); CVX – cost basis $105.27; F - cost basis $12.87; HCP – cost basis $33.15; JNJ – cost basis - $99.27; MAT – cost basis - $30.03;MSFT – cost basis - $35.50; O – cost basis - $45.50; OXY – cost basis - $80.38; PH – cost basis $115; STAG - cost basis $16.86; WFC - cost basis $45.45I don’t have the time or see the point in having a “model” portfolio, because nothing about a model portfolio ultimately matters. As a result, every word of my writing here is based on what I really do with my real money in my real portfolio(s).
If you follow me, you will get my efforts to find high-quality companies (whether hidden or in plain sight) to own, updates and rationale for all the moves I make, as well as rearview analysis on my life as an investor – what I have learned and the mistakes I have made – so that you can avoid making them as well. All of this without having to whip out your credit card.
Join me, won’t you? I wish you good luck and great investing!
I have worked in the financial service industry for 40 years. My area of expertise is risk management and complex financial products. I have been a frequent speaker, on behalf of many financial firms, to financial professionals across the country.
I have extensive experience in statistics and actuarial science.
Buy & Never Sell: ((Established in 2013))
AAPL, ABBV, ABT, BABA, BA, CHL, CHU, COP, CL, CLX, DIS, DPS, GE, GIS, GSK, HCP, HSY, JNJ, K, KHC, KMB, KO, MAIN, MCD, MLDZ, MMM, MO, MSFT, NSRGY, O, OHI, PEP, PG, PM, SBUX, T, TGT, TROW, UL, VER, VFC, VZ, WMT, WPC, XOM, YUM
Steven Bavaria writes about finance, economics and politics, drawing on his forty-five years experience in international banking, credit, investment, human resources/training, journalism and public service. Now retired from his "day job" on Wall Street, Bavaria lives mostly off his investments. His focus is largely on income-oriented stocks, bonds and mutual funds, as well as closed-end funds, ETFs and other IRA-suitable investments. His book "Too Greedy for Adam Smith: CEO Pay and the Demise of Capitalism" was just published and is available on Amazon and at independent retailers.
Bavaria began his career at the Bank of Boston, where he handled international credit workouts that included managing a fleet of ships, chasing a Vatican-owned bank in Switzerland, and leading the turnaround of troubled branches in Australia and Panama. He also ran the bank's human resources department, which is where he saw personally the beginnings of many of today's executive compensation excesses.
More recently he worked at Standard & Poor's, where he introduced ratings to the leveraged loan market. In between Bank of Boston and S&P he was Assoc. Commissioner of the Massachusetts Dept. of Mental Health, worked briefly for Citibank, and was a reporter for IDD Magazine. He also did a short stint at a smaller rating agency where he had to leave in a hurry after writing an article called "From Banker to Bookmaker" that was deemed a bit too candid in describing the conflicted role of major commercial and investment banks.
Bavaria graduated from Georgetown University and New England School of Law.
I am a former Investment and Commercial Banker with over 30 years experience in the field. I have been advising both individuals and institutional clients on high-yield investment strategies since 1991. As author of “High Dividend Opportunities”, a premium subscription service at Seeking Alpha, my objective is to bring investors the most profitable and newest high dividend ideas, with special focus on the Energy sector. The service includes an actively managed model Portfolio targeting an overall dividend yield of 6-9% in addition to long-term capital gains. My research aims to maximize returns by identifying undervalued securities in the High Yield space.
In addition to being a Certified Public Accountant CPA from the State of Arizona, I hold a BS Degree from Indiana University, Bloomington, and a Masters degree from Thunderbird School of Global Management (Arizona). I am also a Certified Mortgage Advisor CEMAP, a UK certification. My Research and Articles have been featured on Seeking Alpha, Investing.com, ETFdailynews, and on FXEmpire.
For more information on how to subscribe to “High Dividend Opportunities” and gain exclusive access to the portfolio, live alerts and market commentaries, check the post: Introduction to “High Dividend Opportunities” on my Instablog or just email me at email@example.com .
Anthony is a private investor and Owner/Author of the blog The Struggling Millennial, which is geared toward today's generation of young adults and their struggle to achieve financial independence. Anthony prides himself on being self-taught and self-made, and regularly encourages individuals to take control of their own lives through the use of simple, straight-forward investment principles that the average person can understand and actively use to evaluate the financial health and performance of their investments.
Anthony is an electrical engineer who works full-time managing multi-million dollar projects for one of the larger construction firms in the Philadelphia area. Anthony believes the most difficult part of our individual journeys toward success and freedom is simply building the courage to get started, but once started, if we maintain our persistence, the sky is the limit.
It's been quite a journey the past four years as I've learned about stocks, technical analysis, swing trading, dividend growth investing, and now options.
For 17 years, I home educated our children and tutored, while my husband supported the family. Once I worked myself out of that job, I had to decide what I should be when I grow up. Without a useful degree, my income is minimal, but I really enjoy my part-time jobs. I have used my jobs as a learning tool more than an income tool and they have been very profitable. I focus the rest of my time making my husband's income the most useful it can be, and managing our home. I enjoy playing with bookkeeping, finance, investments, taxes, and strive to be the best steward of all the resources (time, energy, health, family, money, stuff) we have.
The only purpose of my investing was to be able to afford to retire at a normal, reasonable age and hopefully to live off the dividends from those investments without needing to spend down the principal. As health concerns are forcing us to consider earlier retirement, the portfolio income may be needed at anytime. This does not worry me, it just changes the trajectory of the portfolio. I am very thankful for the gentle start into investing and am excited by what might happen in the future.
I’m so glad this website was recommended to me and I genuinely appreciate the contributors and their comments here and the growth that has happened through participation on the forum.
In case you're wondering about 'inzkeeper', I formerly managed an inn and the email moniker has stuck with me over the years.
Donald E. L. Johnson began his financial writing career as a commodities reporter on the floor of the Chicago Board of Trade for The Wall Street Journal. He has reported for the Chicago Sun-Times, New York Journal of Commerce, American Metal Market-Metalworking News and Modern Healthcare, where he was editor for 10 years. He wrote about the futures, money and capital markets and the banking, agribusiness, transportation, auto, metals, health care, health insurance and other industries as a reporter, editor, publisher and owner of a small periodical and book publisher. Johnson has an MBA in finance.
I have over 17 years experience in the hedge fund industry working as a Portfolio Manager, Domestic Equity Analyst and Trader. I was the Portfolio Manager of a domestic Hedged Equity product with gross assets that peaked over 1 Billion dollars, and I have over 18 years experience generating both long and short ideas in domestic equities. I am a fundamental, bottoms up, value investor in long investments, and catalyst oriented short investor. I like to employ technical analysis as a balance to my fundamental work, and also as a risk management characteristic to my overall investment philosophy. I am currently investing my own capital in a similar manner I employed while working in the hedge fund industry.
I'm an individual investor heavily influenced by Warren Buffett and Charlie Munger.
Munger's 1994 USC Business School Speech is something I think about a lot:
Over the long term, it's hard for a stock to earn a much better return than the business which underlies it earns. If the business earns 6% on capital over 40 years and you hold it for that 40 years, you're not going to make much different than a 6% return—even if you originally buy it at a huge discount. Conversely, if a business earns 18% on capital over 20 or 30 years, even if you pay an expensive looking price, you'll end up with a fine result.
Another very simple effect I very seldom see discussed either by investment managers or anybody else is the effect of taxes. If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum.
In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%—or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening. If you sit back for long, long stretches in great companies, you can get a huge edge from nothing but the way that income taxes work.
Feel free to follow me on Google Plus: https://plus.google.com/115463998897129479026/posts
The author is a former hedge fund trader now working as an Independent Trader, Consultant and author of the Panick Value Research Report. The Panick Report is a newsletter and alert service focused on undervalued high yield preferred stock issues and some undervalued micro cap equities. Sign up in the Dividends section of the Seeking Alpha Marketplace to receive exclusive subscriber articles, daily sector updates, advance drafts of public articles and more. Email firstname.lastname@example.org for more information. See also my Panick Value Research Report Facebook site for tips on upcoming articles.
I am a retired investor with market experience going back to the 1960s. I was a software
engineer for 42 years, and currently do some part-time consulting, which lets
me contribute to a Roth IRA. I am not an accountant and not a financial
My wife and I
have established a set of guiding principles for our investment life:
• Change is the
only constant in life. Everything in this plan is subject to change.
• Never touch
your principal. Wealth is built and maintained by not spending it. Wealth is
the primary buffer between ourselves and blind chance.
• Exploit folly,
do not participate in it (thank you, Chuck Carnevale). Do not follow the crowd,
which is more often than not wrong.
• A portfolio is
like a bar of soap – the more you touch it, the smaller it becomes. Do not be a
• Own assets,
avoid liabilities. Assets generate income. Liabilities generate expenses.
Based on these
principles, we have established two investing goals: 1) sufficient current
income with a comfortable buffer, and 2) increasing future income to maintain
investing goal is to generate sufficient current income to cover that part of
our living expenses not covered by pensions, with a comfortable buffer. We are
retired and depend on investment income to meet a significant minority of our
As we age and get
closer to the end, current income becomes ever more valuable, and future income
becomes ever less valuable. This reality informs all of our investing
decisions. However, we know that inflation will cause our income needs to rise,
so we also plan for increased future income, which is our second investing goal.
To meet our
current and future income needs, we rely on 2 Social Security pensions, 1
private pension, income generated by investments, and fully paid up long term
It is common to
allocate a retirement investment portfolio with some percentage in stocks and
the balance in fixed income, such as 60/40. We look upon our pension income as
the equivalent of fixed income, with the added benefit that Social Security is
indexed to the CPI. We therefore own no fixed income and have no plans to do so
in the future.
dividends and interest as income, and capital gains as return of capital, not
income. Therefore, our goals are to be met from dividends and interest only.
currently meets our primary investing goal. We invest in a blend of mostly
medium yield (3%-6%) stocks with medium dividend growth, a few high yield
(>6%) instruments with no dividend growth, and low yield (<3%) stocks and
funds with high dividend growth.
We expect our medium
yield and low yield stocks and funds to provide the income growth needed for
the future, or second investing goal.
We currently own
only stocks and several ETNs. Our portfolio requires regular attention to avoid
possible dividend cuts and deletions. As we age, our mental faculties are in
decline, and we will become increasingly less able to perform portfolio
monitoring intelligently. There will come a time when we will need to use some
form of income oriented index ETFs to carry the income generating burden.
We want to behave
like landlords and collect rents, but without the risks and demands of owning
real estate directly. Dividends and interest are our rental income, and as
once-removed landlords we expect to own real estate investment trusts (REITs).
We want our non
REIT income to be generated by long-lived, steady companies that provide
products and services that we all need regardless of the economy, and thus can
be relied upon to provide steady, and steadily growing, income. This
requirement points primarily at consumer staples stocks. We own some of the
best consumer staples stocks, such as mighty MO, and plan to own one or more
ETFs that concentrate on the consumer staples sector of the S&P 500.
• Some of my
During much of my
working years I used technical analysis (TA) to invest in individual stocks (I
was an early fan of Joseph Granville and I bought an Apple II in 1980 because
Granville brought out OBV software for the Apple at that time), and I
speculated with short selling and commodity trading. Later I invested in stock
mutual funds and ETFs for total return, with inconsistent results, and no
comprehensive plan. Being a software engineer in a lead position left little
time or energy for serious investing skills development. In 2005 I had pretty
much given up on getting market beating results, and felt that I was getting
too old and too close to retirement to continue swinging for the fences, so I
decided to buy a variable annuity that guaranteed a minimum return of 6% per
year, compounded, with the upside limited only by the performance of the mutual
funds offered for investment. I decided to let the insurance company bear the
market risk for me. I also had a 401k plan at work to which I contributed the
maximum and got the company match. A year or so before 2008 I used a retirement
investing projection tool provided by Fidelity, which said the worst returns I
could expect in retirement were positive but not spectacular, and the best were
hard to believe. At that time I was invested in mutual funds and ETFs through
my 401k and the variable annuity and had not directly owned stocks since
shortly before the start of the great bull market in 1982 (Granville famously
missed the whole thing). I thought, with a bit of skepticism but not much, that
I was set. We all know what happened in 2008-09. That experience put me off
Monte Carlo simulations and Modern Portfolio Theory for life.
When I retired I
converted my 401k to a rollover IRA brokerage account and invested in ETFs. I
thought I was being appropriately conservative but also ready to capture
capital gains by investing in VIG and VCSH.
Then I found
Seeking Alpha, and then - thank my lucky stars - David Van Knapp, and the DGI
light went on. I had spent most of my adult life thinking I was smarter than
most people by relying on TA, and then later letting the insurance company
assume market risk. I remember learning about the 200 DMA when I was in my 20s,
which is a long time ago, and thinking how revolutionary this idea was and how
I should be able to use it to my advantage. Fortunately for me and my family, I
also was pretty good at software engineering, so I had a reasonable retirement
nest egg accumulated when the time came. With the concepts and methodology of
dividend growth investing, I now have sleep well at night investments that just
keep on churning out increasing income, something that could never be said
about using TA.
I started with
DGI too late in life to commit totally to low yield, high growth stocks. I hope
to capture the double compounding of DRiP investing with that part of my portfolio
that is low yield, high growth.
We have recently
(Nov 2014) rolled over all of the variable annuities into brokerage accounts.
We now believe that we can get sufficient income from our dividend investing
strategy, and we want to retain ownership of the annuity capital.
• Tools and
Tools I use include
the CCC list, F.A.S.T. Graphs, Morningstar Premium, BigCharts, the EDGAR web
site, longrundata.com, and Excel. I get ideas from the many informative
articles by (among others) the following (in no particular order): Chuck
Carnevale, Brad Thomas, Ron Hiram, David Van Knapp, David Fish, Robert Allan
Schwartz, Dividend Growth Investor, Dividends4Life, David Crosetti, Tim
McAleenan Jr., Reel Ken, Bret Jensen, Alan Brochstein, Chowder, Dane Bowler,
Philip Trinder, Bob Wells, BDC Buzz, Scott Kennedy, Bill Maurer, Darren
McCammon, Richard Shaw, Bruce Miller. Favorite commentators who are not yet
authors include Elliot Miller, Paul Leibowitz, mbkelly75, surfgeezer.
to dividend stock valuation are the Tweed Factor and the chowder rule. Like
F.A.S.T. Graphs, 'a tool to think with', these are 'rules to think with'.
fair P/E = yield + 5 year dividend growth rate
current yield + 5 year DGR >= 12%; 8% for utilities, MLPs, REITs
investment advice outside of Seeking Alpha has been 'The Intelligent Investor',
‘Securities Analysis’, and 'The Single Best Investment'.
• Some historical
My DGI portfolio
was started on 2011/4/20 with CTL, which I have since sold. It was a beginner's
mistake. Subsequent mistakes were MLPs, and to a lesser extent, mortgage REITs.
I did not allow for any circumstance that could cause WTI to fall as far and as
fast as it has, so I lost money on MLPs. The prolonged flattening of the yield
curve, plus the persistent markdown from NAV for the mortgage REITs, has made
these unappealing as long term investments. Now I keep my distance from
anything that is dependent on commodity pricing, and I invest very little in
the carry trade. A glaring mistake was selling JNJ when it languished for
• Some ongoing
dividend growth rate for our entire portfolio is 5%.
I use yield on
cost to allocate our investments so that each position in aggregate generates
approximately the same amount of income. I learned the basic method for doing
this from a comment on a SA article. SA is a wonderful resource! I have
published an SA Instablog that describes the method: http://seekingalpha.com/instablog/902946-be-here-now/4581516-portfolio-allocation-for-equal-income-from-each-position-using-excel
equity REIT: CCP,
DLR, EPR, HTA, LTC, O, OHI, STAG, VTR, WPC
GIS, MO, PEP, PM
financial: GBDC, GSBD,
HTGC, MAIN, TCPC
ETN: DVYL, HDLV
equity REIT: ESS,
Technology: ADP, MSFT
Industrial: APD, MMM, RTN
I am formally a data analyst for a non-financial services organization. I have an undergraduate degree in business and a masters degree in predictive analytics. My background as an investor has been in setting and forgetting my 401k. In my recent job change I was enlightened to not having a plan for retirement. In my waking up, I have decided to start posting on Seeking Alpha to help encourage others to have a similar awakening as well as receive feedback from all the great contributors to the site.
Also, Doctor Dividend and I have started a podcast. You can check out our episodes here:ITunes: https://itunes.apple.com/us/podcast/dividend-health-checkup/id1086182519?mt=2Sound Cloud: https://soundcloud.com/dividend-health-check-up
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'm a retired electrical engineer and adjunct professor of math and engineering. I am also working on an engineering book.
I have been investing for over 30 years, starting off with stock index funds, bond funds, and stable value funds and later migrating in part to dividend paying stalwarts as retirement approached. I typically use a "buy and hold" strategy with an eye on the long-term.
I am a member of the "Apple cult" so until it is proven otherwise that Apple is not a great company that develops and sells great products that people love I will continue to buy their products and own their stock.
Hello Fellow Reader / Contributor,
My name is Vanessa and I've started investing at the age of 18 years old. My parents have always taught me that if I were to spend money on a product, I might as well be investing in that business to recoup some of those hard-earned money.
And until today, that is exactly what I've been doing; scouring the markets for great businesses that aim to serve their employees, customers, suppliers, shareholders and the world at large. My aim is to assemble a portfolio with world-class businesses in order to reap massive returns as a result of buying and holding them for the long term.
On top of that, I utilise options as a tool to generate a monthly residual income which will further enhance my returns.
I'm currently pursuing my degree in Accounting in the National Universty of Singapore.
Lastly, I would like to thank my readers for spending their time for skimming through my articles. Feel free to critic or ask any questions in the comments and I'll do my best to answer them.
Alternatively, you can reach out to me through my email @ email@example.com
I am primarily an equities investor whose foremost objective is growing income for retirement. My investment strategy concentrates on maximizing returns while minimizing risk. The Core component of the strategy is accumulating dividend growth stocks. I also utilize options to enhance income and manage risk.I started investing in the stock market at the age of 15 in 2005. All my articles and comments are strictly my opinion and therefore do not constitute investment advice, nor do they constitute a recommendation to buy or sell any security.
Feel free to message me privately about my real-time subscription service.
For a better mobile experience on Seeking Alpha click the top right menu icon on most browsers and select "request desktop site".
I am a former financial communications programmer, turned full-time investor. I began investing in the mid-1990s, looking for a way to achieve early retirement. (A goal in which I have succeeded, if you don't consider full-time investing a job.) I took a scientific, experiment-based approach rather than a studious one. I feel that this approach, combined with my extensive programming work in financial markets and directly with traders has given me uncommon contrarian insight into what really drives market dynamics.
To that end, my articles will center around stocks and their derivatives because that's where I have the most experience (over 20 years). I may occasionally comment on currencies, where I believe I have a sound academic knowledge, but less trading experience.I will always refer to a company by name or some abbreviation thereof. By contrast, I will refer to the stock a company issues by its ticker symbol. I think it can be important to differentiate between the two.
Mr. Leach spent his early years on a subsistence farm in western Michigan. He graduated at the top of his high school class which helped him land a scholarship to the University Michigan. Graduating magna cum laude with a bachelor’s degree in Nuclear Engineering and a minor in mathematics in 1981, Mr. Leach took his first professional job with Westinghouse Electric in Monroeville, PA.
Mr. Leach held several positions of increasing responsibility at Westinghouse, and Fluor Federal Services in Pennsylvania, South Carolina, and Washington State. While in Washington State, Mr. Leach completed his master’s of science degree in Environmental Engineering graduating summa cum laude in 1997 from Washington State University.
In 2003 and 2004 with Fluor Federal Services, Mr. Leach worked as a civilian contractor for the US Department of Defense in various middle east locations and the Philippines. In 2005, Mr. Leach joined the AREVA Group and spent two years in France. After returning stateside in 2006, Mr. Leach held various positions of increasing responsibility with AREVA Federal Services in South Carolina and North Carolina. Mr. Leach left the AREVA group in 2014 at the age of 56 and is now quasi-retired and focuses on his wife, his 15 year old son, and his investment portfolio.
Mr. Leach has been a consistent, avid, and successful investor for more than 30 years. His investment style is conservative and he primarily invests in income oriented equities, bonds, preferred stocks and mutual funds. Mr. Leach has written more than 50 articles on Seeking Alpha and other websites.
Who I Am:
I'm a retired individual investor. I retired at the end of 2013 after a 35 year career as a professor and research scientist at a major research university. My professional life involved multiple international projects and collaborations, so I traveled extensively over those 35 years. I plan to continue doing so in my retirement.
My investing priorities are building and refining portfolios designed to provide income and capital growth: Income for my retirement needs, and capital growth for my estate. My investing philosophy tends toward the long-term, value side of the spectrum, but I'm not opposed to occasional flings on attractive, speculative opportunities.
My investing interests are tax-advantaged income from a range of sources, portfolio strategies, information- and bio-technology, and momentum-based strategic allocation.
Why I Write for Seeking Alpha:
I learned long ago that "writing is nature's way of letting you know how sloppy your thinking is." The line comes from a Guindon comic strip of many years ago, and could not be more true in my case. When I did research professionally, I learned that writing it up forces me to think about details I might otherwise overlook. It's how I spent my working career, so it comes more or less naturally to me. I consider it an essential part and parcel of doing any research. So, the writing I do here is as much for myself as for the reader.
As I started to contribute articles here, they grew out of research for my personal investment portfolios. They're based on things I've uncovered that are of interest to me and may be of interest to others of like mind. For many more-seasoned investors some of the things I write about are old-hat. My primary purposes in writing them are to help clarify my thinking and to get feedback from others who may have very different opinions. It's those thoughtful comments that make Seeking Alpha such an important resource. To that end, I try to actively engage myself in the comment streams in my articles, contributing what I can and learning from others.
As a research scientist I spent a career spanning four decades devoted to free exchange of information vetted by rigorous peer review. It's a concept I firmly believe in. I hope to bring that approach to my interactions and contributions on Seeking Alpha and welcome critical commentary on anything I may contribute here.
I encourage and welcome your comments. I try to respond to most insights, elaborations, and questions to the best of my ability. I especially encourage and appreciate thoughtful comments from those who disagree with me (although I tend to ignore obvious trolls and encourage others to do so as well). So, go ahead, start a conversation in the comment threads. It's one of the best things about Seeking Alpha.
My Investment Philosophies and Strategies:
I maintain two portfolios. My income portfolio is a taxable account. I try to keep it separate from the growth portfolio which is housed in a series of IRAs, traditional and Roth.
My income focus is on tax-advantaged income. In 2016 I face minimum required withdrawals from my tax-deferred accounts, so tax efficiency is an important consideration.With the need to take withdrawals I expect to shift my taxable accounts to more growth-focused (unrealized cap gains) investments. Making this shift while retaining income is my overarching priority for 2015. To that end, I expect to be generating more of my income from options as I gradually phase out my high-yield investments.
The IRAs I see as my estate and are focused on generational wealth building. That means the growth portfolios have a very long term horizon, well beyond what an investor of my age might be expected to maintain.
I am a believer in the precepts of MPT (Modern Portfolio Theory). I'm aware that MPT doesn't get a lot of respect by some of the DIY investors at Seeking Alpha. My readings in the field indicate to me that the research solidly supports the overall MPT approaches to investing. So, I am a believer in diversification. Not the sort of diversification that means I hold equity positions in every sector; the sort that means I hold positions in the full spectrum of asset classes with a watchful eye on correlations and a willingness to rebalance among asset classes, even when it goes against my gut feelings. By asset classes, I mean high level asset classes: Domestic and international equity, sovereign and corporate debt, emerging markets (equity and debt), real estate, commodities and so forth. I try to adapt that approach to both my income and growth investing.
Who Is Left Banker?
Ah yes, the name. When I first joined Seeking Alpha I had no intention of being anything but an occasional reader. I saw it as another research site. So, I just ported a name I've used on other sites. I spent some of the best times of my life living on the left bank of the Seine and am always thrilled to be back in La Belle Paris. It refers, too, to the left bank of the Gironde where some of my favorite wines are produced. When I'm feeling particularly flush, they're one of the splurges I'll treat myself to. So there is a major place in my heart for both common references for Left Banker.
Add that I also like it because I find several subtle word plays there; I'll leave it to you to decipher that comment.
I've chosen to remain anonymous. First, I have no professional role in finance and nothing to sell, so there is no advantage to be gained by "making a name for myself' here. Second, I value my privacy and have kept my internet presence as low-key as my professional life allowed. I certainly want to avoid any possibility of some internet connection trying to track me down. Odds against that happening are, of course, outrageously long, but why take them on at all?
I have no ties to the financial or security industries in any form. My interests are strictly personal. The banker part of the nym has absolutely no relationship to the profession of the same name.
Readers should be aware that I am an investing novice, some might say dilettante. I do not give advice; what I publish is much more in line with a research notebook. Anyone who finds anything of interest will necessarily want to do his or her complete research and due diligence. It would be foolish to rely on my conclusions without having done so.
I am a retired investment adviser. I write a blog that concentrates on dividends and income. In my web/blog I profile dividend stocks that I call Dividend Machines because they are safe and deliver ever increasing income. High Yield Bonds bought at par or below and covered calls on dividend companies are additional sources of income that individual investors should learn to use and that I discuss on my site. My ideas and historical data are free to readers. The Money Madam
My husband plans to retire in 4 years (at age 67) and I plan to retire in 7 years (at age 62). We began focusing on dividend growth investing in 2013 but have been invested in mutual funds for decades. Our current DGI retirement portfolio is comprised of the following 65 DGI stocks: ABBV, AMGN, AVA, BBL, BMY, CAT, CBRL, CCP, CLX, CMCSA, COP, CVX, D, DE, DEO, DLR, DUK, ED, EMR, EPD, GAS, GE, GILD, GIS, HCP, IBM, JNJ, KHC, KMB, KMI, KO, LMT, LNT, MAIN, MCD, MMM, MMP, MO, MRK, MSFT, NEE, NOK, O, OHI, OMI, PEP, PFE, PG, PM, SCG, SEP, SO, SYY, T, TUP, UL, UPS, VTR, VZ, WEC, WMT, WPC, XEL, XOM, and ZMH.