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  • Selling Guidelines For Self Directed Investors [View article]
    Thank you for another fantastic article on one of the most difficult topics - selling. We all know that breaking up is hard to do... Now I'm going off to make a few revisions to my selling plan! Excellent advice!
    Jan 7, 2015. 10:01 AM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Kolpin and Mike,

    Agree 100% about not wanting to pay the taxes with IRA funds. However, I don't think the comment stream is completely clear about when the taxes are due, so thought I'd weigh in...

    If the amount you are moving to a Roth is small, as Kolpin suggested, it may not be apparent in your overall tax scenario, and you could probably get away with waiting until you file your 2014 return. But, the correct answer regarding WHEN taxes are paid is at the end of the quarter when you did the conversion. If, for example, you converted $10K and are in a 25% tax bracket, the taxes due would be $2500, and payment would be due Apr 15 if you convert in Q1, June 15 for Q2, Sep 15 for Q3, and Jan 15 for Q4. If you don't usually file quarterly taxes, making a single payment could raise a red flag, so it's worth talking to your tax advisor if you have one, or including an explanation for the one-time quarterly payment if you prepare and file your own return.
    Dec 20, 2014. 04:18 PM | Likes Like |Link to Comment
  • Dividend Growth Investing IS Total Return Investing [View article]

    Did the performance include reinvested dividends (I'm guessing maybe not)? Only reason I ask is DVY pays a higher distribution than many of the others. The amount fluctuates, but I checked VIG and DVY earlier this year and VIG was paying less than 2% while DVY was paying more than 3%. With reinvestment, they may have been about the same (definitely closer). I think DVY has a greater number of utilities, which would account for the slower growth and larger distribution.
    Nov 16, 2014. 06:36 PM | Likes Like |Link to Comment
  • Why You Shouldn't Buy Automatic Data Processing Now [View article]

    Nice job on this article. I've had ADP on my watch list, but the price is just crazy! Appreciate your taking the time to warn readers of the potential safety issue of buying when it's so overvalued! I didn't know they were buying back shares at this high price, that is a concern too. Thanks for sharing your research.
    Nov 15, 2014. 10:01 AM | 2 Likes Like |Link to Comment
  • Everything You Ever Wanted To Know About Dividend Cuts But Were Afraid To Ask [View article]

    Always enjoy your articles, and looking forward to the next chapter on this topic. It reinforces my strategy to focus on the champions and challengers that maintained or grew dividends during the great recession. Thanks for all you do!
    Nov 15, 2014. 09:50 AM | Likes Like |Link to Comment
  • The New Nifty Fifty, Part 3: Dividend Growth Ideas And Valuations [View article]

    The following has most of the nifty fifty, followed by the M* Fair Value Price and the ratio, where 1 = FV, less than 1 = undervalue, greater than 1 = overvalue. It's messy because the formatting for replies seems to ignore spaces and tabs.

    Ticker. …M* FV…..Price/Fair Value
    CL………63. …….1.09
    CLX……..96. …….1.06
    COP…….80. …….0.89
    DE………90. ……..0.98
    GPC……78. ……..1.29
    IBM…….196. ……..0.83
    JNJ…….99. ……..1.1
    KMB……101. …….1.12
    KO……..42. ……...1.02
    KRFT…..53. …….1.08
    LMT……144. …….1.3
    MKC……76. ….…..0.96
    MMM…..131. …....1.2
    MO……..44. ……..1.12
    MSFT…..46. ……..1.06
    O………..44. ……..1.05
    PEP……90. ……..1.08
    PG……..93. ……..0.96
    PM……..90. ……..0.98
    QCOM…80. ……..0.88
    SJM…….92. ……..1.09
    SO………45. ……..1.05
    T………..34. ……..1.04
    TGT…….65. ……..1.03
    UTX……115. ……..0.94
    WEC…..40. ……..1.21
    WMT…..80. ……..0.99
    XOM…..109. ……..0.88

    These are from today's price. I created a little "watch list" on my M* account with the nifty fifty, minus some I discarded for my own personal reasons (either due to financial strength or dividend yield less than 2%). But this is the majority of what you were looking for.
    Nov 12, 2014. 06:54 PM | 4 Likes Like |Link to Comment
  • Dividend Growth Investing IS Total Return Investing [View article]
    Excellent article as always, perhaps even your best. I think the biggest take-away is not even so much whether dividend stocks outperform (and indeed, I believe they do), but that the average investor can implement it successfully without spending a huge amount of time trying to pick the next go-go stock, then trying to figure out when to sell to capture the gains. Which is completely in line with your KISS approach.

    Very well done!
    Nov 11, 2014. 10:58 AM | 2 Likes Like |Link to Comment
  • Equity Investing Or Index Investing [View instapost]

    Fantastic! This is probably your best yet! So simple and yet so powerful at the same time.

    Someone should copy your blog and submit it as an article - it would surely be an editors pick! I know you don't care about that, but this is so compelling and so educational for less experienced investors that you might want to make an exception. Like Rose, I also read the JNJ article - thought it was a huge dis-service to readers.
    Nov 11, 2014. 10:32 AM | 4 Likes Like |Link to Comment
  • Expanding Our List Of “Core” Stocks For Our DGI Portfolio [View instapost]
    Those sound like very good additions. It takes time and patience (and the patience part is probably the hardest part for me but I keep working on it). It took me 10 months and three iterations to develop my core list. I think I'm finally at the point where my list will be fairly stable going forward. In the meantime, I bought some partial positions in stalwart companies on price dips even if I wasn't sure if they would end up in core or supporting roles.

    Keep working on your plan and list and you will get there! The plan is probably the most important part because it provides a lot of clarity. I recommend you read Bob Wells' articles on the topic if you haven't already. They were very helpful to me. Good luck to you!
    Nov 11, 2014. 10:06 AM | Likes Like |Link to Comment
  • Expanding Our List Of “Core” Stocks For Our DGI Portfolio [View instapost]
    Thanks Bob,
    It's taken the better part of this year, but I feel like we finally have a solid plan for what key companies we want in our portfolio going forward. I've made a few mistakes along the way (thankfully nothing very major), but it's all part of the learning process and your articles have provided valuable lessons. I hope we are able to achieve something close to the success that you have accomplished with your portfolio.
    Nov 10, 2014. 12:49 PM | Likes Like |Link to Comment
  • Determining Sector Allocations For Our DGI Retirement Portfolio [View instapost]
    Good luck to you. If you follow the writings of folks like Mike Nadel, the Daves (Crosetti, Fish, Van Knapp), Chowder, Bob Wells, and Chuck Carnevale, you aren't likely to go too far astray! There are some others I follow as well, but that handful represents most of my "top 10" list.
    Nov 8, 2014. 10:19 AM | Likes Like |Link to Comment
  • Do You Have The Patience To Be A Successful Value Investor? [View article]
    Thanks for the valuable lesson. Patience has never been one on my strong points, but I keep trying! :)

    And, I'm still hanging on to TUP, but it hasn't been very easy lately! Do you have any feel for whether it's bottomed yet? The Market has certainly been brutal to the stock price!
    Nov 7, 2014. 04:32 PM | 2 Likes Like |Link to Comment
  • Determining Sector Allocations For Our DGI Retirement Portfolio [View instapost]
    Hi Liusing,

    Thanks for visiting. I've been posting blogs about our journey this year, including quarterly reports on what we bought and how our portfolio maps out by sector. You can find those by looking at the index of posts. Our current weightings aren't quite the same as the ratios I reported above as our desired distribution, but are reasonably close and we're only about halfway through converting funds/ETFs into individual stocks.

    As for your concerns about the all time high market, I certainly understand. There are quite a few stocks where we only have a small partial position that we initiated early this year and the price took off to the point that they are significantly over fair value. So we haven't added to those and it may take quite a while until we do. But, there are also some undervalued stocks in a number of different sectors. So, we've been focusing on buying the undervalued ones for now. We recently added some XOM, BAX, MCD, T, and ESV, for example.

    With this year being our first year, there has of course been a learning curve and some areas of our plan have been a bit of a moving target. For example, I recently decided to further expand our "core" list to include a few more stalwart companies. I'll probably post a blog about that sometime soon. One of the reasons I decided to expand it was the result of Mike Nadel's "Nifty Fifty" series - there were a number of companies that I had in a supporting role that are certainly worthy of being promoted to "core" status. I also needed to add to help get the sector allocations in balance. For example, it was becoming apparent that if I want healthcare to be 10 to 13% of our portfolio and I only selected one "core" healthcare stock, I'd either need to significantly overweight JNJ (our selected "core" stock in healthcare) or pick quite a few supporting companies to make up the difference. It makes better sense to have more than one core stock for that sector, in my opinion.

    I hope this explanation is helpful and that your own investing journey is profitable and rewarding.
    Nov 7, 2014. 10:16 AM | Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    IZZ, Glad you found it useful. There are no right or wrong answers. I've actually been wondering if I should have cut discretionary back further than I did, but you can find some good companies (e.g. MCD, TGT, CBRL). The sector does have a higher volatility and is hit harder during recessions, though. I'm still pretty new to DGI, so everything has been a bit of a moving target this year for us.
    Nov 6, 2014. 04:57 PM | Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]

    I'm not suggesting that you change anything, but I recently did a little exercise in thinking through my desired sector allocations for our portfolios. I looked at a number of different things such as market weight, performance, beta, etc., then adjusted further based on our personal preferences (mainly safety oriented) and did a little back testing.

    Since I hadn't seen many articles on SA that talked much about sector allocation, I wrote up a little blog about my exercise. I certainly don't expect your preferences (or anyone else's for that matter) to be exactly the same, but maybe the article will be useful as you think through what you consider to be a reasonable balance. Here's the link in case it's helpful:
    Nov 6, 2014. 01:44 PM | 2 Likes Like |Link to Comment