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  • 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
  • Project $3 Million - Portfolio Management, New Purchase [View article]

    are you familiar with Morningstar? if you are, feel free to check BDX and VFC's fair value, cause right now M* has given them both 4 stars--which means they're both considered to be under fair value. VFC's FV is $85, which means it's 16% under FV and BDX's FV is $165, which means that it's about 14.5% under FV. S&P says that VFC is 4% overvalued and BDX is 8% undervalued.

    looks like I actually won't need much luck at all to buy both stocks at under fair value, just a little more patience to get the prices I want. but thanks so much anyway!
    May 7, 2015. 01:12 AM | Likes Like |Link to Comment
  • Project $3 Million - Portfolio Management, New Purchase [View article]

    to minimize drawdowns in the stock market, one way of going about doing it is to purchase quality companies that are growing earnings/revenues in the double digits with little or no debt, like Mastercard or Visa. Sure, I can't control their stock price fluctuations during a bear market, but I'm quite confident that their businesses will continue churning out profits year after year.

    anyway, we're not in disagreement here. there are multiple ways to skin the cat. i just wanted to put forth the idea that it wouldn't necessarily be a bad decision if a young investor bought MA as their first stock as opposed to KO, or even MA and KO at the same time.
    May 6, 2015. 08:38 PM | Likes Like |Link to Comment
  • Project $3 Million - Portfolio Management, New Purchase [View article]
    yes, my GILD did quite well too.

    I'm well beyond the initial stages of investing, but if I were to advise one of my friends in their 20s and 30s, I would tell them not to wait to invest in a company like DIS or SBUX or MA if it came on sale. I'm not concerned that MCD or KO's share price is going to jump to the stratosphere, so if they had to choose between buying a slightly growthier stock like the ones I listed above (again, I'm not referring to a high beta stock like FB) or a consumer staple, I'd probably advise them to go with the growthier stock and then the MCD or KO with their second tranche of money.

    perhaps making opportunistic purchases of higher growth dividend payers concurrently with purchasing the usual DG suspects instead of the more methodical foundation building as you did with Project $3 Million is also a good way of building a portfolio for a young person.
    May 6, 2015. 04:42 PM | 1 Like Like |Link to Comment
  • Don't Ditch McDonald's Just Yet [View article]
    MCD's share price has gone nowhere for MUCH longer than 16 months. in fact, MCD reached the current price level in Dec. 2011--that's 41 months.
    May 6, 2015. 03:46 PM | 1 Like Like |Link to Comment
  • Project $3 Million - Portfolio Management, New Purchase [View article]
    chowder--is it possible that there's a middle ground between buying a utility like SO for one's first investment and FB? Do you believe that a young person would be wrong in targeting a stock like MA or ROST as a first purchase if they were on sale at the time? I know you bought these two stocks much later on in the life of Project $3 Million, but what if you had made them some of your initial purchases? do you believe that would've been a mistake?
    May 6, 2015. 03:26 PM | Likes Like |Link to Comment
  • Forget The Shopping List: Buy What's On Sale (Part 1) [View article]

    do you mind sharing what some of your more fairly valued positions are currently?
    May 5, 2015. 08:23 PM | 1 Like Like |Link to Comment
  • Recent Buy: W.P. Carey [View article]
    no worries, mike.

    it's possible that both sectors are likely to be as affected by the anticipation of rates rising as much as the actual event happening. thus, the bulk of the price correction could be happening as we speak. guess one never knows, right?!

    I'm satisfied with my small REIT allocation (though I may top off a couple with another 5% pullback), but since my utilities are severely underweighted, I'm hoping to add to my SCG and perhaps open a new D or AVA position.
    May 5, 2015. 02:54 PM | 1 Like Like |Link to Comment
  • McDonald's unveils turnaround plan [View news story]
    I don't think there's much downside to the business, but I could definitely see more downside to the stock priceā€¦it's not all that undervalued here. I think the stock price has been bid up in anticipation of speculative news such as yesterday's announcement and REIT chatter. I had set a $99 limit order to sell off a portion recently, but it didn't trigger. still holding, lol.
    May 5, 2015. 02:12 PM | Likes Like |Link to Comment
  • Recent Buy: W.P. Carey [View article]
    Mike--do you feel the same about adding $ to your utes here?
    May 5, 2015. 01:53 PM | 1 Like Like |Link to Comment
  • McDonald's unveils turnaround plan [View news story]
    ditto, Larry. you selling yet?
    May 5, 2015. 12:49 PM | Likes Like |Link to Comment
  • REITs sold as rates hit 2015 high [View news story]
    still need another 5% correction, but getting there...
    May 5, 2015. 12:37 PM | 4 Likes Like |Link to Comment
  • Project $3 Million - Portfolio Management, New Purchase [View article]

    I was thrilled at GILD's performance during that time period actually. you'll remember that 2007-2009 was the financial crisis and the S&P lost 56% peak to trough. so "going nowhere" compared to 99% of other stocks was actually a huge win in my book. my tip to you is not to focus on GILD's short term price performance too much or you'll get an itchy trigger finger! my biggest stock "wins" are stocks I've simply held for decades.

    great job with DIS--I only bought this past Oct at $81, but i'm not terribly interested in chasing at these elevated prices. no worries, I'll find some other undervalued stock to buy.
    May 5, 2015. 12:23 PM | Likes Like |Link to Comment
  • Project $3 Million - Portfolio Management, New Purchase [View article]
    I'm currently waiting for another opportunity, but I have a feeling I'll get that money to work within a couple of months.

    I'd really been hoping for another 5% ute pullback which hasn't quite transpired yet, but also considering everything from BDX, VFC, TJX, SYK, HSY, BIIB/CELG, LOW, CSCO. Those would all be new positions for me, but nothing feels undervalued enough at this point in time. I'd also like to add to my CSX, DIS, JNJ, ESRX positions too. I'd prefer to replace some of MCD's lost income, but I'm not beholden to that if another stock presents a good value. I've owned GILD since 2007 and its the 2nd largest position in my portfolio so I'm getting a nice surprise boost in income from that.
    May 4, 2015. 01:30 PM | 2 Likes Like |Link to Comment