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SteveTheHawk

SteveTheHawk
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  • I Love My 'Magic Pants' And My Partners Wear Them Proudly [View article]
    Dave:
    Your story about the unions reminds of the Back to School movie when Rodney the businessman tries to school the professor on the realities of business (greasing some palms, etc).
    Mar 19 03:55 PM | 3 Likes Like |Link to Comment
  • I Love My 'Magic Pants' And My Partners Wear Them Proudly [View article]
    DVK:
    Taking a broad perspective I think that most everyone has an ego, with some being far more inflated than others. I honestly have no clue what would motivate someone to criticize a reasonable investment methodology. Could be a lot of different things, including those that you mentioned, but I won't speculate.

    I do find it odd at times though. Addressing BILLINSD's post specifically, his "friends" anger and frustration was troubling to me. It's one thing to try and help by providing opinions or guidance to those who want it. It's a whole different thing when you get angry and call them stupid because they don't follow in your footsteps.

    There are a lot of investing techniques that I have no use for. However, I'm not the least bit tempted to visit the topic pages for those techniques and write critical articles. Over the years, I've looked around at various investment methods and for me, DGI is the chosen path. I know it can work, I've seen real-life portfolios, and it fits my goals and personality.

    When an article criticizes DGI, I don't generally find it very useful, but as you said, some of the discussions can be thought provoking. As to making it personal by calling out Chuck by name in an opposing article, I'm not sure that kind of thing is necessary. If one disagrees with something Chuck says in an article it would seem more appropriate to use the comments section and engage the author so to speak.

    Yes, Chuck has an ego just like the rest of us. As you cite though, he has been a gentleman and responded in a very reasonable manner. What I like about Chuck's "ego" is that he is comfortable enough with his investing decisions that he has no apparent need to respond to criticism/disagreement with anger. He also doesn't respond by criticizing his critics. I respect that.
    Mar 19 03:44 PM | 13 Likes Like |Link to Comment
  • I Love My 'Magic Pants' And My Partners Wear Them Proudly [View article]
    It's interesting to observe how egos play into investing. I can't imagine getting angry at someone that doesn't follow my investing methods or tactics. Nor would I ever think they are "stupid" because of it.

    I'm thinking that the anger must come from some overwhelming belief that their investing skills are the best around, and/or that they need someone else to invest their way to enforce their beliefs in themselves.
    Mar 19 12:26 PM | 11 Likes Like |Link to Comment
  • Is It Time To Purchase High Yielding Consolidated Edison? [View article]
    I've been watching this stock for some time. I generally won't buy utility stocks without a 5% yield, due to the lack of dividend growth. If ED drops just a bit more, I might call it close enough and buy a few shares. It's a not a bargain, but it seems to be getting close to a reasonable value.
    Mar 19 10:27 AM | Likes Like |Link to Comment
  • Dividend Growth Investing: An Introduction To Creating Wealth [View article]
    Love the article, Mr. Crosetti. Can't wait to read what's coming. I'm planning to review your series with my DW, who is still trying to get her head around stock investing. Thanks for your work.
    Mar 19 10:06 AM | 2 Likes Like |Link to Comment
  • Dividends And 'The Magic Pants' [View article]
    To summarize.... those that are focused on capital gains agree with the article. Those that like dividends disagree.
    Mar 18 09:41 AM | 5 Likes Like |Link to Comment
  • Can Frontier Communications Sustain Its Dividend? [View article]
    I bought a little FTR 2 years ago at a 9% yield. It's about 2.5% of our portfolio and is the only stock we have that I consider to be quite risky. I've enjoyed the dividends and the capital gains equate to about a year's worth of dividend.

    For the sake of keeping our portfolios invested in higher quality stocks, I'm giving some serious thought to selling. I bought it as a "play money" venture, but feel like I'm pushing my luck if I continue to hold it. It's hard to give up a 9% yield, but the quality just isn't there. I guess if it was, it wouldn't be a 9% yield.
    Mar 17 06:04 PM | 2 Likes Like |Link to Comment
  • McCormick's Future Supported By Demographics [View article]
    The two reasons you cite help explain why the stock is overpriced. :-)
    Mar 17 09:40 AM | 2 Likes Like |Link to Comment
  • State AGs hammer away at retail chains on tobacco [View news story]
    Sure, no problem. Long as they also stop selling booze, candy, meat and toxic lawn chemicals. Long as we're being self-righteous and judgmental, we should do it right.
    Mar 17 09:36 AM | 9 Likes Like |Link to Comment
  • 3 Things To Know About Bank Of America Right Now [View article]
    I sold BAC maybe 5 years ago... don't remember exactly. I sold around $40 for a very small profit as I recall. With their dividend cuts, I as a DG investor have let BAC slip on to my "non-starter" list. I read the occasional article waiting to hear that they are implementing a div that's even decent. Five years. Nothing.

    I don't invest purely for capital gains so won't speculate as to BAC's future. Still, I wonder how much more they can cut and how much more efficient they can become. Opinions vary, but in my book they have a lot of work to do before I view them as a dividend growth stock.
    Mar 17 09:29 AM | Likes Like |Link to Comment
  • Dividend Champions: 14 Increases Expected By The End Of May [View article]
    David:
    Allow me to join the chorus and say thanks for the great work you do. The information you provide is oh so useful.
    Mar 16 09:25 AM | 6 Likes Like |Link to Comment
  • The Stress Free Portfolio Project: Introduction [View article]
    ZGB:
    The way I understand the Chowder rule, it is just one of several attributes used in evaluating a stock. It is not used alone to make decisions and in fact is one of the last data points used during the evaluation process.

    First and foremost comes the basic evaluation of revenues, earnings, debt and overall future for the company. You are correct in that if earnings look to be in decline for the foreseeable future, it's a problem. In that case, the Chowder rule would probably not even be evaluated.
    Mar 15 09:04 AM | Likes Like |Link to Comment
  • Target warns in filing that data breach could be worse than reported so far [View news story]
    I was unfortunate enough to buy TGT in November @$63. Fortunately, it's less than 2% of our portfolio. My concern about the breach has kept me from buying more, even back when the current yield hit 3% (just about unheard of with this stock).

    I'm going to let my holding ride and just watch/wait.
    Mar 14 05:47 PM | Likes Like |Link to Comment
  • Bank Of America: 5% Yield And Approximately 25% Upside Potential [View article]
    Agreed. I don't have much interest in preferred stocks right now. I have zero interest in non-cumulative preferreds.
    Mar 14 10:56 AM | 2 Likes Like |Link to Comment
  • Debunking The 'Dividends Don't Add Shareholder Value' Myth [View article]
    Interesting indeed. I'm staying out of it. I use DGI, period. Don't need to debate it with anyone who doesn't. :-)
    Mar 13 04:48 PM | 26 Likes Like |Link to Comment
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