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SteveTheHawk

SteveTheHawk
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  • Generating $100 A Month From Verizon [View article]
    I was in the same boat before I retired. Just a 401K with no reasonable option to buy DG stocks. I retired in 2014. In 1998, my wife and I both opened Roth accounts and funded them fully each year. That required that I really back off on the 401K contributions. No biggie though in that I received no match.

    I had to choose between the tax issues, and decided that I wanted a blend of tax free and taxed distributions. Unfortunately, I didn't discover DGI until 2011, so I'm way behind the 8 ball. Still, our current tax free Roth dividend income is providing a little bit of tasty gravy income.

    I can't say that this would be suitable to your situation or that you meet the income restrictions for a Roth, but it would be worth evaluating.
    Aug 28, 2015. 05:07 PM | Likes Like |Link to Comment
  • Retirement Strategy: When In Doubt, Have Some T [View article]
    Those,

    Nope. None of my limit orders hit. The market shot straight up this morning, well beyond my limit prices. I'll leave the orders in place for now, just in case. The market might find another excuse to get fidgety.

    Steve
    Aug 27, 2015. 01:25 AM | Likes Like |Link to Comment
  • 10 Dividend Growth Stocks For Your Retirement Portfolio's Aggregate Yield 4.3%: Part 2 [View article]
    Chowder:

    "I explain what I do and why I do it."

    And please.... don't ever stop. Thanks.

    Steve
    Aug 26, 2015. 03:03 PM | 6 Likes Like |Link to Comment
  • Wal-Mart Is The Ideal Stock For The Next Recession [View article]
    My thinking is that WMT might be halfway decent as a safety play. Fairly low beta and all. However, it appears to no longer be a dividend growth stock. I guess that if one is satisfied with a 3% yield and little growth, it might have a place in one's portfolio. The yield is higher than it's ever been for a reason though.
    Aug 26, 2015. 02:59 PM | 3 Likes Like |Link to Comment
  • How I'd Start To Think About An Investment In 3M [View article]
    I've waited a couple years to add MMM. Always seemed pricey. It's getting close to my buy price of $136. I continue waiting for that one sizable correction to appear that has enough power to knock MMM's price down.
    Aug 26, 2015. 01:09 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: When In Doubt, Have Some T [View article]
    Those,

    You can't really judge your limit orders against mine. We may be in different situations. I'm retired so I'm becoming more cautious and want a better "deal" when I buy. If I was young, I certainly would be content with a little higher stock price on many of the stocks I listed. Time in the market is your friend, as the saying goes. I don't know your situation, but $94 for JNJ doesn't seem so horrible.

    I don't use the 52 wk high/low as a metric. It doesn't really have much to do with what a stock is worth IMO. Others may have a different opinion. I try to evaluate each stock on its own merits, first to decide if I want it in my portfolio and second, decide what it's worth to me. I'm basically a total amateur in search of dividend income.

    I use FAST Graphs, M* reports, S&P reports to get a feel for what pricing should be. I look at the potential for dividend income. The usual stuff. Of course, I spend a good chunk of time reading here on SA. I enjoy cavorting with others who know so much more than I do.

    Steve
    Aug 25, 2015. 08:38 PM | 4 Likes Like |Link to Comment
  • Retirement Strategy: When In Doubt, Have Some T [View article]
    RS,

    I guess that's the thing about the stock market. One never knows.

    Steve
    Aug 25, 2015. 08:12 PM | 2 Likes Like |Link to Comment
  • Retirement Strategy: When In Doubt, Have Some T [View article]
    Those,

    So far, I'm looking at placing limit orders as follows....

    MMM - $134 - 3% yield (approx)
    O - $38 - 6% yield
    JNJ - $86 - 3.5% yield
    PG - $66 - 4% yield
    T - $29 - 6.5% yield
    KO - $36 - 3.6% yield

    Probably not feasible prices for the most part.... but if we happen to have a little flash crash like we did yesterday, some of them may hit.

    Steve
    Aug 25, 2015. 08:05 PM | Likes Like |Link to Comment
  • What Stocks Stand Out If You Combine Smart Beta With Dividend Growth Investing? Here Are 15 Choices [View article]
    DVK,

    You can certainly count me in as one who likes your articles. Thanks for all you do.

    Steve
    Aug 25, 2015. 05:20 PM | 5 Likes Like |Link to Comment
  • Retirement Strategy: When In Doubt, Have Some T [View article]
    Yeah, I didn't see that late selloff coming. I made just a single small purchase late in the day though, so no biggie.

    What I'm hoping for is that the selloff will continue strongly into the morning. I'm going to place some low-ball limit orders tonight. Maybe.... just maybe.
    Aug 25, 2015. 05:18 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: When In Doubt, Have Some T [View article]
    Those,

    I would also mention that in evaluating a REIT, the P/E metric is not generally useful. One should look a FFO or AFFO (Fund From Operations). Using that metric, VTR seems fairly priced for the most part.
    Aug 25, 2015. 01:48 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: When In Doubt, Have Some T [View article]
    Those,
    I haven't looked at any details yet, so I can't answer your question definitively. However, I suspect the issues you raise have to do with VTR's spin-off of their SNF facilities. I'm not saying that VTR is a buy, but it may explain the dividend change.

    Steve
    Aug 25, 2015. 01:34 PM | Likes Like |Link to Comment
  • The Good And Bad In National-Oilwell [View article]
    eco,

    >>1.4% is so small. Why you even bother with such a small position?<<

    My perspective is one of a dividend growth investor. You may be quite different, I don't know. I'm also retired. Again, possibly quite different from you. From a general point of view, I could never have 20% of my portfolio in any one stock. Just couldn't do it.

    Disclaimer: I'm a long, long way from being an expert, having only begun using DGI in 2011. In reading here on SA and elsewhere, I've become attracted to weighting stocks based on their "role". The roles are often referred to as core, supporting and speculative. I am still structuring my portfolio in this manner, but these are the classifications I intend to use.

    Core stocks are those that have a solid and long history of dividend payments and dividend growth. The JNJ, KO, PG, PEP type of stocks. I want those to have 5-10% weight.

    Supporting stocks will have decent dividend histories and other respectable metrics, though they can't compare with the core holdings. I want these to have a 5% maximum weight.

    Speculative stocks are those that seem to have good potential but may carry higher risk and/or are lacking any kind of solid dividend history. I want these to stop at 3% max weight.

    In the case of NOV, I have chosen to put it in the speculative category. Because of its status as one of the best in its class, there is potential. Because of the overall energy environment, earnings are at risk and therefore the dividend may be at risk. Because NOV only started paying dividends at the end of the Great Recession, I can't even guess how the dividend will fare through this current "crisis".

    Looked at in that light, my purchase of NOV equates to about a half position. It may seem small to you, and I can understand that. I can't place a big bet on everything though. If my speculation pays off, NOV will add a little to my income stream. For the most part, my income stream has been built a little at a time over the last couple years. If I don't totally screw it up, it will increase a little at a time over the years to come. How's that for a long-winded answer?

    Steve
    Aug 23, 2015. 08:09 PM | 2 Likes Like |Link to Comment
  • Wal-Mart - This Cash Cow's Milk Could Be Drying Up [View article]
    Here in Michigan, we will be taxed on Amazon purchases effective October 1. It does seem inevitable that all states will be in this boat eventually.
    Aug 23, 2015. 01:30 PM | Likes Like |Link to Comment
  • The Good And Bad In National-Oilwell [View article]
    Green,
    You might very well see the low 30's. Seems like a heck of a bargain for a company like NOV, assuming the worst case doesn't occur. NOV is a strong company, so I'm not overly worried about worst case though. Best of luck.

    Steve
    Aug 23, 2015. 09:29 AM | Likes Like |Link to Comment
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