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SteveTheHawk

SteveTheHawk
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  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    Bob:
    I'm retiring at the end of October and will definitely be rolling my 401K into an IRA. It is surprising that a fair number of people don't know about this option. Like you said, I don't think the plan administrators go out of their way to make it known. Kind of goes against their interests I suppose.

    My plan does have a self-directed option as well that allows for stock purchases. IMO, the fees are too high though. A $50 annual fee is imposed and stock trades are $20 a pop. If I roll it over, I can skip the annual fee and cut commissions in half. Makes sense to me. I just have to figure out which broker I want to go with.
    Sep 5 06:22 PM | 2 Likes Like |Link to Comment
  • Safe Large-Cap Blue-Chip Dividend Champions For Your Retirement Portfolios: Part 2 [View article]
    Thanks for the reply, Chowder. I suspected that you would shun having as few as 30 positions. You are correct of course. If I added some new core holdings, I wouldn't have the high allocation concerns.

    In looking for new holdings I find myself challenged to find good values. I do want to add about 6 more holdings that I consider to be core. With 30 holdings I could at least knock the "full" position down to 3.3%. That might help. Guess I just need to keep looking.

    Steve
    Sep 4 06:18 PM | 2 Likes Like |Link to Comment
  • Yield On Cost: A Vitally Important Consideration For Retired Investors [View article]
    No doubt. I didn't even need to read the article before I knew the comments were going to fly. Saw the title and thought... "oh yeah, here we go". :-)
    Sep 4 05:13 PM | 3 Likes Like |Link to Comment
  • Why Investors Should Continue Holding Southern Company For The Long Run [View article]
    Yes indeed, Smurf. I'm hoping for a drop to $42. If I can get a 5% current yield, I'll be buying some more SO. It's about 2% of our portfolio. Looking to bump that up to 4%.
    Sep 4 04:49 PM | Likes Like |Link to Comment
  • Safe Large-Cap Blue-Chip Dividend Champions For Your Retirement Portfolios: Part 2 [View article]
    Thanks, Chowder. I currently have 24 positions (goal of about 30 at some point). That would mean a full position is equal to roughly 4%. A couple of my core positions have worked their way up to between 7 and 9% of NAV, and I'm trying to get a handle on whether or not that is reasonable.

    I suppose that if I want to over-weight some stocks (and I do), it would be logical to double the holding from 4% to 8%, though that somehow seems high. Maybe I need more holdings :-).

    Do you have an allocation number that you simply will not go above as a rule? If for some reason you were to trim your holdings to 30 companies, would there be a limit on allocation, even for a core holding?

    Sorry for the perhaps annoying questions, but your insight would be appreciated.

    Steve
    Sep 3 10:10 PM | Likes Like |Link to Comment
  • Safe Large-Cap Blue-Chip Dividend Champions For Your Retirement Portfolios: Part 2 [View article]
    Chowder:
    If I could ask.... what level of allocation do you use for a full position on core stocks?

    Steve
    Sep 3 06:06 PM | Likes Like |Link to Comment
  • Bank Of America: Now Stronger Than Ever [View article]
    Ooops. Sorry. Didn't mean this as a reply to joecohen.
    Sep 3 01:27 PM | Likes Like |Link to Comment
  • Bank Of America: Now Stronger Than Ever [View article]
    Any idea which series of preferred stocks these are?
    Sep 3 01:19 PM | 1 Like Like |Link to Comment
  • Mixed analyst reviews today on oil majors, Exxon seems to fare worst [View news story]
    Thanks for your response, Bahama.
    Sep 3 11:15 AM | Likes Like |Link to Comment
  • Mixed analyst reviews today on oil majors, Exxon seems to fare worst [View news story]
    You may very well be correct about CVX, Bahamas. I made two purchases earlier this year at $112 and $111. If I grimace really hard, I can get the anchor bias out of my head.

    With that done, I'm thinking that while it's a great company it doesn't seem to be a bargain at current prices (about $127 today). From a DGI perspective and looking at the Fast Graph, the P/E is slightly above normal. Earnings growth estimates are 5.5% and current yield is basically in a normal range. It also barely qualifies under the Chowder Rule (which I enjoy using).

    What do you see as the driving force behind your predicted price appreciation? (I'm not arguing with you.... I would very much like your opinion). Thanks.

    Steve
    Sep 2 08:59 PM | 2 Likes Like |Link to Comment
  • Mixed analyst reviews today on oil majors, Exxon seems to fare worst [View news story]
    I'm hoping for increased negativity by analysts on both XOM and CVX. Looking to buy some more.
    Sep 2 08:00 PM | 3 Likes Like |Link to Comment
  • Energy names lead Dow lower as oil tumbles [View news story]
    One does begin to wonder. Our Guv here in Michigan says that over his 4 years in office, the economy has really made a comeback. Hmmmm. We're still among the worst for unemployment. Guess I don't understand the definition of comeback. Same on the national level. In general, it still seems a bit lousy out there.
    Sep 2 04:41 PM | 1 Like Like |Link to Comment
  • AT&T And Consolidated Edison A 'Tell' Of 2 Champions: Part 3 [View article]
    Miguel:
    Now, now. I didn't say that the price had nothing to do with it. I can't claim to be a price whore like Brad, but if I was thinking of selling anyway... then, bam! It spiked, I sold. My focus is on income, no doubt. It doesn't make me oblivious to grabbing a few extra dollars when I can though.

    I'll even admit to watching overall portfolio value. Of course it pleases me to watch our net worth go up. It's not my focus, but it's still fun.

    I don't even remember what I bought to replace SYY, but to my recollection the yield was better, as was the div growth. I can say that it wasn't GILD. I'm a simple dividend investor, and GILD doesn't qualify.
    Sep 2 12:39 PM | 1 Like Like |Link to Comment
  • AT&T And Consolidated Edison A 'Tell' Of 2 Champions: Part 3 [View article]
    Miguel:
    I sold SYY for a little over $42 when it spiked for a day in December. I'm a DGI guy and believe it or not, it wasn't about the price, not completely anyway. Had SYY been growing dividends to my satisfaction, I would not have sold.

    The fact is though, I was on the fence about selling it because of the reduced DG rate. The spike in price just coaxed me to finish jumping over the fence. I had a nice gain and put the money into something with a better dividend outlook.
    Sep 1 10:26 PM | 1 Like Like |Link to Comment
  • McDonald's May Serve Up A 10% Dividend Increase [View article]
    Buck,
    You are correct on that. I just did quick glance at FG and 9% was the last number on their chart. Should have looked a bit more closely. Thanks for the correction.

    No doubt the div growth rate is slowing and I think a 10% increase is a lot to hope for. All things considered, I'm good with upper single digits but will be rather disappointed if this year's increase is any lower than that.
    Sep 1 09:57 AM | 1 Like Like |Link to Comment
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