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  • Stress Test For Dividend Growth Investors [View article]

    I do a hybrid as well, based on two factors--position size and fair value. Once a stock hits a certain $ amount in my portfolio I turn my DRIP off and collect the dividends as cash. Any stock that's less than a full position gets DRIPPED.

    Secondarily, I'll turn off a DRIP on a stock that's clearly overvalued or turn on a DRIP for a stock that's clearly undervalued--regardless of position size. obviously it's hard to time this correctly, but it works well with a prolonged dip as in energy stocks or a prolonged overvaluation as with utilities.

    two years ago, I used to DRIP about 90% of my holdings, while today I DRIP less than half--as more of my individual holdings have reached full position size and have also gotten overvalued.
    May 15, 2015. 04:41 PM | 1 Like Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]
    heh heh, I've got an Acura Integra with only 50,000 miles on it…so i'm hoping I can make it to 2030 with this hunk o' junk! every time I take it in for an oil change, one of the mechanics tries to buy it off me. they wanna soup it up and use it for racing. since it has such a lightweight frame…those babies go fast!

    I chuckle when I see other commenters buy their groceries from Costco. In my book, Costco is for richie rich people, haha! I get all my groceries from ethnic markets, wholesale markets, dollar stores, and Walmart (using coupons and their Savings Catcher app). i'm able to eat healthfully (chicken, fish, tofu, veggies, and fruit) on about $6 a day. that's one more trip to Asia, baby!
    May 15, 2015. 02:01 PM | 8 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]

    Haha, I slip up all the time with my decisions, but I figure that if 8 times out of 10 I'm making ones that I'm ultimately happy with, then that's good enough for me. Ultimately, I think I'm more conscious and self-aware about my life overall.

    In addition to the 1000 small decisions, I have also made one big one that's been quite freeing for me. I decided that I didn't want to have kids. I actually never really had the desire, but I had to make a conscious decision to end a decade-long relationship because of our differences over this. Not having children is a highly personal choice and what's right for me, though certainly not right for everyone. But I can tell you that having made this decision, I feel like the weight of the world has been lifted off my shoulders--in terms of time, money, and responsibility. I don't think that our parents or grandparents necessarily had that choice, and I feel lucky that our society has evolved to a point where it's ok not to have children.

    Sorry, hope I didn't get too off track here--but obviously the decision to have kids or not is a huge part of financial planning for the future.
    May 15, 2015. 12:56 PM | 5 Likes Like |Link to Comment
  • Dividend Growth Investing Requires Perseverance [View article]

    We're about the same age. I was on the "pushing hard to get to retirement as soon as possible" track up until a few years ago when I made the conscious decision to adopt more of the "enjoy the ride along the way track" by choosing a more entrepreneurial career that would allow me more flexible free time. Temporarily it has meant a reduced income (though ultimately in success the upside is actually much greater), but it's allowed me to travel, amass experiences, and be adventurous (skydiving, bungee jumping, etc. check!) in ways that I might not be able to when I'm older. Financially, I was able to accomplish this by drastically paring down my budget: e.g. I buy almost everything generic (sorry CL, KMB, PG, not for me!), using coupons, driving a 1998 car, getting a diet coke at bars with friends instead of a jack and coke, searching for a pkg spot instead of using valet, etc. My friends are always amazed at how I'm able to do it, and it just comes down to a 1000 small decisions. I look at my health the same way. Everyday, I make exercising and eating right a priority--and hopefully making all these little "right" choices will build up over time to make all the difference in the world as I get older. For me, it's not a sacrifice. It's just perseverance.
    May 15, 2015. 12:09 PM | 11 Likes Like |Link to Comment
  • Project $3 Million - Portfolio Management, New Purchase [View article]
    Aaron--Check your tone, and reread both of your comments above and tell me who's being obnoxious.

    You obviously AREN'T familiar with Morningstar's fair value or else you would have been aware that what you wrote is simply untrue. Those stocks you listed above do come into fair value.

    So check your facts next time and try contributing something actually value-added to the conversation besides "the prices on my BDX and VFC are only up?" I mean c'mon, really?

    Good God, unchecking from this thread.

    May 14, 2015. 11:59 PM | 1 Like Like |Link to Comment
  • Dividends At A Reasonable Price - Part 2 [View article]
    Faye--I enjoyed Part 2 and look forward to Part 3.

    I just wanted to add that healthcare stocks (besides just JNJ) fit many of the qualities you're looking for…w/ addictive products (unfortunately), products that are in regular use for a large segment of the population, have high margins, and service an ever growing population. Stocks to look at include AMGN, ABBV, ABT, BDX, BAX, SYK, MRK, BMY, PFE, GILD, UNH, AMGN, a plethora of REITS, ESRX and BIIB (no divvies on the last 2.)

    I also urge you to look beyond stock screeners and Chowder Rule #s, because companies (like Merck for example) have done a good job of righting their ships, and their futures are far brighter than a just a backward-looking formula would imply. Obviously there's more risk in relying on forward info, but that's how you get divvies + cap appreciation/earnings growth.

    Tim McAleenan wrote a great article on Merck incidentally:

    long MRK, GILD, ESRX, ABBV, ABT, BAX, UNH, AMGN, etc.
    May 14, 2015. 02:28 PM | 4 Likes Like |Link to Comment
  • Lockheed Martin - Dividends In The Aerospace And Defense Sector [View article]

    I learn a lot more from "bizarre" and quite frankly humble commenters than mainstream ones who think they know it all.

    If you sincerely don't want me to mention your name to Nicholas, I won't. I don't think it would require too much time on your part, and for all I know he may already have a full list of commenters he wants to talk to. But judging from Mike and Rosenose's responses below (whom I also respect greatly), I do believe you have a few pearls of wisdom that could benefit others.

    After all, you have 98 followers that agree with me!
    May 14, 2015. 12:38 PM | 1 Like Like |Link to Comment
  • Lockheed Martin - Dividends In The Aerospace And Defense Sector [View article]
    I read a good article by Tim McAleenan recently on his Conservative Income Investor site--the gist of it being that some companies are actually cheaper than they appear. He advises investors to peer behind basic metrics like PE ratios and analyze the why. In fact, a high PE ratio may mask a quality company that is actually quite fairly valued or even undervalued.

    "I don’t advocate making decisions based on historical P/E ratios. It can be useful if you control the results for interest rate changes, currency changes, one-time writeoffs, and changes in expected growth from that point onward, but by the time you have done all that you’ve actually analyzed the company rather than relied on something like a Yahoo Chart to make decisions."

    obviously it's up to you to determine if BDX is one of these companies. I myself am interested in BDX, don't think it's overvalued here, but still want the price to come down more. :-)
    May 14, 2015. 12:32 PM | 2 Likes Like |Link to Comment
  • Lockheed Martin - Dividends In The Aerospace And Defense Sector [View article]
    Paul--I always learn so much from your well-reasoned, in-depth comments.

    Are you familiar with Nicholas Ward's Learning from the Masters series, where he poses a few questions to esteemed commenters/authors to share their knowledge with the community?

    I wouldn't mind throwing your name into the ring, if you're so inclined. I'm sure Mike N. and rosenose would agree with me.
    May 14, 2015. 11:20 AM | Likes Like |Link to Comment
  • Lockheed Martin - Dividends In The Aerospace And Defense Sector [View article]
    Mike--I honestly pay no attention to Buy/Sell recommendations of analysts. If you try and follow their every move, you'll be absolutely dizzy from all the effort.

    Take Eva, with a 99 accuracy rating. You'll notice the Buy/Sell recommendations over the past several years on the left side of the 1st page.
    On 7/24 of last year, they upgraded NSC to an Overweight, with a share price of $106.80 (a bit silly in retrospect since the current price is under $100 and has an Underweight Recommendation). Then NSC is downgraded to a hold on 8/2 at $101.20, then back up to an Overweight on 8/7, then a downgrade on 9/18 to Hold, an upgrade to Overweight on 12/5, then a downgrade on 2/11 to Hold, and then a downgrade to Underweight just a day later on 2/12 at $109.11. The current Underweight call remains today at NSC's current price of $97.72.

    It's enough to make your head spin. Did things fundamentally change with NSC with every upgrade and downgrade? No! And if you look closer, EVA simply assigns NSC a score based on how attractively its priced in relation to other stocks within its industry. This automated valuation score is what moves NSC from from Underweight to Overweight--it has nothing to do with the fundamental prospects of NSC.

    The slump in crude oil is what's hurting railroads, but that's why you buy the best energy stocks like CVX and XOM at bargain prices and the best rails like UNP, NSC, and CSX at bargain prices.
    May 14, 2015. 03:01 AM | 5 Likes Like |Link to Comment
  • Investors Advised To Consider Southern Company For Income Portfolios [View article]
    nice to see that AEP has just earned its 4th star on M*. Officially joining SO in under FV territory. Just set my limit buy order.
    May 13, 2015. 07:50 PM | Likes Like |Link to Comment
  • Lockheed Martin - Dividends In The Aerospace And Defense Sector [View article]
    Rose--I'm also tempted to add to my NSC position; it's also at a good discount to Fair value. I think rails are being temporarily hit by crude oil prices. CSX has held up better than the others b/c of a rumor floating around that activist Bill Ackman has a stake in it.

    LMT, IMHO is overvalued.
    May 13, 2015. 10:28 AM | 2 Likes Like |Link to Comment
  • Learning From The Masters: Q&A Session With Chowder [View article]
    TF--You've got one vote from me--I'd love to hear from an original person! heh, heh!
    May 12, 2015. 08:21 PM | Likes Like |Link to Comment
  • Learning From The Masters: Q&A Session With Chowder [View article]

    Once again, you read my mind. One of the commenters I'm most excited about hearing from is richjoy, and his Growth and Income focused strategy. While he's not contrarian at all to my POV, he offers a much needed variation on the pure DGI philosophy.

    I'm interested to hear more about his recent sales of MO and PM as well as his take on utilities right now.

    Some of the other commenters people have mentioned wanting to hear from are quite intelligent, but have basically modeled themselves after chowder. chowder is brilliant and is so generous with giving advice and we have all learned oodles from him, but now I want to hear from people who don't mimic his moves but think individualistically.
    May 12, 2015. 05:00 PM | 5 Likes Like |Link to Comment
  • Lockheed Martin - Dividends In The Aerospace And Defense Sector [View article]

    If I weren't already long NSC and CSX and BRK.B (Burlington Northern Santa Fe), I'd probably buy a small position UNP here. I like that UNP is less exposed to coal and has more of a Western geographic reach), and crude oil is still a minimal part of its business. also, UNP rarely comes on sale very often--if it gets down to 100 or under, I might even buy a small position for a trade.

    Incidentally, M* bought UNP for it's Stockinvestor portfolio the other day.
    May 12, 2015. 04:38 PM | Likes Like |Link to Comment