Seeking Alpha

SteveTheHawk

SteveTheHawk
Send Message
View as an RSS Feed
View SteveTheHawk's Comments BY TICKER:
AAPL, ABBV, ABT, AEO, AEP, AMJ, AMZN, ARLP, BAC, BKCC, BKE, BOND, CL, COP, COST, CSCO, CVX, DLR, DTN, DUK, DVY, ED, EXC, FTR, GD, GE, GIS, GPC, GS, HAS, HGIC, INTC, JNJ, K, KEY, KKR, KMB, KO, KONA, LMT, MCD, MKC, MMM, MSFT, O, PEP, PG, PM, SDY, SO, SON, SYY, T, TGT, THI, TWC, UL, VTR, VZ, WAG, WEC, WFC, WM, WMT, XOM, XRT, YUM
Latest  |  Highest rated
  • Why Beating The S&P 500 Is Irrelevant To Me [View article]
    Yup - agreed. I have income goals in mind. I have decided to compare our dividend income to certain household expenses. I make my best guess as to how those expenses will increase over time then set a dividend income goal to match or exceed those amounts.

    I don't think it's unreasonable to expect JNJ and PEP to pay our heating bill :-).

    Steve
    Oct 22, 2013. 04:07 PM | 3 Likes Like |Link to Comment
  • Why Beating The S&P 500 Is Irrelevant To Me [View article]
    I tend to agree, Dave. We started investing so late in life that we'll never be able to live off dividends. However, the dividends will add a scoop of gravy to pensions, 401K and SS. And, they should go up every year.

    I'm setting our investing goals based on dividend income, not one index or another. I guess that targeting the S&P is one way to do it, but the question I have is this.... what if the S&P sucks? It's been known to do that from time to time. I'll take the steady income, thank you.
    Oct 22, 2013. 03:17 PM | 6 Likes Like |Link to Comment
  • 401(k)s Don't Work, Or Do They? [View article]
    In general, I'm not impressed with my 401K. Most of the money that's there is from my contributions. I'm within a year or two of retirement. I've moved most of the money to Stable Value and will leave it there until I retire. My plan is to roll it into an IRA so I can buy something besides mutual funds.
    Oct 18, 2013. 09:22 AM | 4 Likes Like |Link to Comment
  • 123 Years Of Dividends And Global Growth Makes This A Forever Stock [View article]
    Basically a core holding, but one that is very difficult to catch at fair value. Always seems overpriced. It's about 3% of our div portfolio. I would like it to be between 5 and 10%. Without a significant market correction, it will be hard for me to buy it and feel really good about it.

    Purchased it a couple years ago at $57. Sigh. Should have bought more.
    Oct 16, 2013. 11:42 AM | 1 Like Like |Link to Comment
  • Don't Lose Hope On Philip Morris [View article]
    Losing hope? Um, nope. Just bought some more today. It's now almost 6% of our dividend portfolios. Traded in some WAG shares and almost doubled our dividend income on that money.
    Oct 9, 2013. 12:10 PM | 3 Likes Like |Link to Comment
  • American Electric Power: Recent Pullback Means Now Is The Time To Buy [View article]
    Nah. I hold AEP, but I won't buy more without a current yield of 5%+. Just my rule of thumb with most utilities. If interest rates start climbing, I suspect we'll see that yield or better.
    Oct 8, 2013. 09:28 AM | Likes Like |Link to Comment
  • Should You Own U.S. Big Oil And Gas Stocks? [View article]
    Our big oil holdings (CVX, COP and XOM) account for about 12% of our div portfolio. I don't see these dividends as being in danger at the moment. My plan in the event of a correction is to buy more in order to keep it between a 10% and 15% allocation. Otherwise, I guess I just sit and stare at them from quarter to quarter.
    Oct 8, 2013. 09:16 AM | 1 Like Like |Link to Comment
  • Which Popular Dividend Growth Stocks Are 'Always' Overvalued? [View article]
    Sounds like it's time to get the children involved. Ok kids.... clean your room, take out the trash and give me a quarterly portfolio review.
    Oct 8, 2013. 06:31 AM | 4 Likes Like |Link to Comment
  • Which Popular Dividend Growth Stocks Are 'Always' Overvalued? [View article]
    I agree, Dave. KO is about 8% of our div portfolio and I have always used 3% current yield as my yardstick. I have no plans to buy more in the near future because of allocation, but normally I would start buying a few more shares at the current price. It's not all that often that KO reaches that level.

    Even at 3% it violates the Chowder rule a little bit. I guess maybe that's the "premium" we pay.
    Oct 7, 2013. 09:41 AM | Likes Like |Link to Comment
  • Pepsi: Why Not To Buy This Overvalued Soft Drink Maker (Or Coca-Cola) [View article]
    PEP & KO. Both are hard to buy at "fair" value, at least if using FastGraphs as a barometer. I managed to buy PEP on two occasions a couple years ago at fair value. First purchase of KO was at fair value, with a couple smaller purchases above the "orange line". PEP is 10% of our portfolio and KO is 8%.

    I have no desire to buy more of either stock, but do plan to just ride with what I have. I consider them core holdings and will leave them just where they are.
    Oct 5, 2013. 03:29 PM | Likes Like |Link to Comment
  • What To Do With ConocoPhillips? [View article]
    Yeah, me too. Bought at $56 last year. Sits at about 4% of our div portfolio. I'm good with that. Nice YOC and decent current yield. No reason to sell that I can see.
    Oct 4, 2013. 05:49 PM | 4 Likes Like |Link to Comment
  • Walgreen: Right Time To Invest In This Drug Store? [View article]
    I sold off a good size chunk of WAG yesterday to capture an 80% gain. Need to move those funds into something with a higher current yield. Love the stock, but love increasing income even more.
    Oct 4, 2013. 04:45 PM | Likes Like |Link to Comment
  • Team Alpha Retirement Portfolio: Is The Government Shut Down A Signal To Sell? [View article]
    I have wondered about that myself. It seems like there are individuals out there that favor keeping all their money in bonds. Many have been driven out of bonds and into div stocks. I'm curious how many will go back to their bond ways once they are able to receive a decent income.
    Oct 4, 2013. 10:09 AM | 1 Like Like |Link to Comment
  • Team Alpha Retirement Portfolio: Is The Government Shut Down A Signal To Sell? [View article]
    Indeed. We are sitting on a little over 20% cash, foaming at the mouth looking to buy something. A significant dip would be welcome.

    Sold some of our WAG yesterday because of large gains. Sold enough to collect the amount of our capital gains. Now I have to find something else to buy to get a higher current yield. Considering PM. Maybe a bit more of some of the stocks on your list. Waiting for a panic to set in.
    Oct 4, 2013. 09:31 AM | 5 Likes Like |Link to Comment
  • Procter & Gamble: Overvalued, 24% Downside Based On Free Cash Flow? [View article]
    I fantasize about a 24% drop in PG. I would like to add some more to our holdings in that it's only about 3% of our portfolio. Personally, I would be a buyer with 10% drop.
    Oct 3, 2013. 08:57 AM | 5 Likes Like |Link to Comment
COMMENTS STATS
1,360 Comments
2,585 Likes