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Sun Rising

Sun Rising
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  • The Day I Sold Everything: Questions Answered [View article]
    "most people don't know how to use timing properly."
    Agree with that, but I would have to add that that the most people think that they do know how to time the market or at least hope that they will be right this time. They have no reason to believe that they are the ones to be right, then 99% of the others are wrong, but interestingly enough they believe they are right! If people did not believe they will be right - they would not even attempt to time the market. But they do, and majority of them are wrong, wrong and wrong again. Interesting.
    That is why the for me at least - the best way is not to try to outsmart everybody else and invest in best of the breed DGI stocks and try to never sell them.
    Jul 28 01:36 PM | Likes Like |Link to Comment
  • Dividends Do Matter - Especially In Retirement [View article]
    Chowder, what a great comment. I had to save it, so I can read it when I need the inspiration. I think Chowder is really helping people, the whose who chose to listen. Everybody believes in something, has some kind of "religion", the point is - is it useful religion or not. I think DGI is useful, it frees people from paralyzing fear of the markets, when you afraid to invest, because you do not want lose you money "gambling" in the markets. With DGI you still might get scared and sell and get hurt, but if you listen to people, who walked the path before you, the chances are that you'll do all right and may be even add to your investments close to the the bottom, instead of selling them off. So I thank Chowder for helping people, for bringing so much common sense to his comments that they become inspirational readings, worth saving and re-reading them.
    Stock market generates fear and greed in countless people. It does not have to. With DGI I do not want to "make all the money" form the market and I am not afraid to loose everything. I feel that DGI gives freedom and I would rather have DGI than greed and fear as my religion.
    Jul 25 10:07 AM | 5 Likes Like |Link to Comment
  • Dividends Don't Matter In Retirement Either [View article]
    Aids Patient,
    Whatever works for you the best. I did some trading and realized that for me the best is not to time the market at all. Trading on shorter time-frames, with the right education and all, still showed me how hard it is to get it right. Our psychology is the main reason 99.9% of market timers are wrong more then they are right.
    I chose the best stocks and hold them, as long as they are working. Stocks might look extended, but become even more "extendeder". I like to add to positions, not to subtract from them, unless something becomes wrong with the company. In addition, not instead.
    The less transactions I do in and out of the stocks, the less mistakes I make.
    Jul 19 07:04 PM | 2 Likes Like |Link to Comment
  • Dividends Don't Matter In Retirement Either [View article]
    Nelson "Sure, market tops and bottoms are much easier to identify using hindsight, but I see 1,000 comments about the dangers of having to sell during market troughs to one of the benefits of selling at market peaks."
    Blame the human psychology, but somehow people tend to sell at the very bottom (or close to it). On the other hand if one wants to sell at the very top - good luck to them...almost impossible. They likely to sell to early or too late. The best way to time the market - is not to time it at all, just stay there, the longer, the better, with great stocks, of course.
    Jul 17 03:48 PM | 6 Likes Like |Link to Comment
  • DIY Dividend Investors Club (Part 3): Stocks To Watch And To Buy Now (Consumer Staples) [View article]
    Thank you Chowder or explanation.
    I remember you were talking about speculation positions, but somehow I thought
    that it means you might have lower yield, but rating still should be good.
    I was thinking of holding on to stocks, as long as rating is good.
    If rating is lower then BBB+, how do you know if it is not working out and you need to close the position?
    Thank you.
    Jun 17 07:10 PM | Likes Like |Link to Comment
  • DIY Dividend Investors Club (Part 3): Stocks To Watch And To Buy Now (Consumer Staples) [View article]
    Hi Chowder,
    I looked at PETM on F.A.S.T Graphs - the S&P Credit Rating: BB+
    I thought BBB+ is the lowest rating you will buy. Does it qualify because it is "young peoples portfolio" or it is some kind of exception to the rule. Or, may be you found a higher rating somewhere else?
    Thank you
    Jun 17 05:11 PM | Likes Like |Link to Comment
  • Why Buying A House Is A Terrible Investment [View article]
    This article sounds like a joke from the title to the last sentence of it.
    Grow up!
    Jun 15 03:06 PM | 6 Likes Like |Link to Comment
  • Why Investing New Capital During All-Time Market Highs Doesn't Scare Me [View article]
    Buy and hold, I agree with your valid points. People always try to justify their actions, no matter what they do. I know how hard it is to be patient and wait for the next big correction. It makes it even harder, if you do not know for sure how much the market will be going up, before it corrects. Can we be sure that in the next 2 years market will have a major 40-60% correction? No we can not be sure of that, what about in the next 5 years, not really, how about in 10 years - probably, but even here we just increasing probability of correction, but it is not 100% for sure. And if we wait years for correction, would not we be better off just investing today and riding the correction off?
    Nobody knows for sure. I think if investor has very long time horizon, and if he feels comfortable with buying now, he might need to consistently invest equal amounts of money regularly, for example ones a month or every quarter. so, it depends on his psychology. If he strongly feels that market will correct, he might still want to invest little by little, but have most money of the side, waiting to that correction. And if it comes 5-10 years form now and he is fully invested by that time - it's fine also.
    Jun 9 10:44 AM | 5 Likes Like |Link to Comment
  • A High Income Portfolio For A More Prosperous Retirement [View article]
    >>> and then you'll be subject to tax when you withdraw the money one day from your IRA/401-k.

    - Can they legally tax after withdrawal from ROTH IRA?
    Jun 4 04:10 PM | Likes Like |Link to Comment
  • A High Income Portfolio For A More Prosperous Retirement [View article]
    >>>as long as one chooses to take dividends in cash.
    - That is interesting. Does it mean if I accumulate dividends and then buy RDS.B - in the same IRA - no papers, but if I drip them to IRA, I'll receive papers?
    I'll read the article carefully.
    Thank you for your help Mike.
    Jun 4 04:08 PM | Likes Like |Link to Comment
  • A High Income Portfolio For A More Prosperous Retirement [View article]
    Thank you so much.
    Jun 4 04:04 PM | Likes Like |Link to Comment
  • Dow Theory Forecast [View instapost]
    Yes, I also become a little worry if DGI became so very popular. It is just a matter of time for it to go out of favor, and then, when most people will be chasing something else - will be the best time to buy more DGI stocks. Most things are cyclical and stock market is the prime example of it.
    If I am not mistaken, gold and AAPL were "screaming buys" right at the top. And then they go down, people sell, with climactic selling at the very bottom. Then people lose interest for a while and then it goes up again.
    And the cycle repeats over and other :)
    I will be holding my DGI stocks, without even thinking of selling them, and I will patiently wait to add more aggressively when they are in the least favor.
    Jun 4 02:20 PM | Likes Like |Link to Comment
  • A High Income Portfolio For A More Prosperous Retirement [View article]
    Thank you Be Here Now.
    Do you know if I need to worry about RDS.B in IRA?
    I am also not 100% sure about BDCs, do they send any tax papers for IRA? and MORL, BDCL...
    Thank you so very much.
    Jun 4 01:29 PM | Likes Like |Link to Comment
  • A High Income Portfolio For A More Prosperous Retirement [View article]
    " Because of the complexities of this tax law and reporting, many believe that MLPs are better not held in IRAs or other tax-advantaged accounts. Fortunately, there is a solution to this problem. That is to buy a fund that owns MLPs, which pays the taxes, distributes income to shareholders, and reports it on a 1099.

    The alternative I put forth in the sample portfolio is the popular ALPS Alerian MLP ETF (AMLP). Morningstar rates this as a 3-Star fund."

    Thank you for this info.
    I do not want to hold any MLPs in my IRA, because of the paperwork.
    Just want to verify, to make sure: If I will buy AMLP in my IRA account, I would not receive ANY papers at all for tax purposes, just like with regular stocks?
    Thank you
    Jun 4 09:54 AM | Likes Like |Link to Comment
  • New Purchase - ROST [View instapost]
    Hi Chowder,
    Thank you for your sharing. I totally understand about ROST, which you bought for your son.
    I just wanted to ask you a general question.
    Today I was re-reading your (and my) favorite book” The single best investment”. In chapter “What About Higher Income” Author writes:
    "As I write, the overall stock market is at valuation levels among the highest ever seen….Likelihood of higher-yielding stocks outperforming lower-yielding stocks is higher when the market is more risky and vulnerable, as it is today.”

    It was written in 1999 edition. Chowder, do you think it might have some bearing on current market environment, even though valuations are not as high, as were in 1999? Thank you
    May 19 09:47 AM | Likes Like |Link to Comment