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SteveTheHawk

SteveTheHawk
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  • Retirement Strategy: Annuities Vs. Dividend Growth Investing For A Lifetime Income [View article]
    karchlg:
    I tend to agree with that. My wife and I are fortunate in that we both have pensions. In a year I will be drawing SS. That's as far as I need to go with annuity-type income. In my view, insurance companies are always going to stack things in their favor and they are clearly not in business for my benefit.

    Our Roth accounts and my IRA will be devoted to income producing stocks. I'm a bit annoyed with stock prices at the moment in the we have WAY too much in cash. I want a correction asap.

    Steve
    Nov 16, 2014. 10:11 AM | 2 Likes Like |Link to Comment
  • Does Berkshire's Duracell Deal Mean That Buffett Thinks P&G Is Overvalued? [View article]
    Buffett almost always gets a better deal. Being a billionaire investor does seem to have some perks.
    Nov 15, 2014. 10:40 AM | 2 Likes Like |Link to Comment
  • Third Quarter Portfolio Review: Continuing To Build Dividend Growth And Quality [View article]
    gegalla1:
    His profile is here:
    http://bit.ly/NCAY4B
    Nov 12, 2014. 09:34 PM | 1 Like Like |Link to Comment
  • Moynihan: BofA not about to lower mortgage standards [View news story]
    Indeed, iclarius! Walking away from 3% equity is much easier than walking away from 20% equity. Also, it helps protect the lender because they only need to recover 80% of the home's value in a foreclosure sale.
    Nov 12, 2014. 09:21 PM | 4 Likes Like |Link to Comment
  • Realty Income: Don't Reach For This Yield Play [View article]
    Doug:
    Three months? Really? Well, perhaps it will take me a while too. I still haven't shut off the work mentality yet. I feel like I'm just getting some days off. I don't feel "leisurely" yet, but I'm looking forward to it.

    I did have a small breakthrough. I let the dogs out in the morning and noticed the traffic zooming by. I thought to myself, "hey, they're all going to work, and I'm not". I smiled and shuffled back into the house.

    I don't know about Venice. The Gelato sounds wonderful, but I'm terrified of flying (I also despise the seats in commercial airliners). A friend of mine gets drugs from his doc for flying. He sleeps the whole flight and he recommended it highly. We shall see.
    Nov 12, 2014. 07:16 PM | Likes Like |Link to Comment
  • Realty Income: Don't Reach For This Yield Play [View article]
    David:
    Oh no! Not the grocery store! :-)

    My wife retired about 3 years ago, but she still stays busy with a dog walking business she started. Now that I'm retired, she will probably be sending me to the grocery store every week. I've pretty much wrapped up mowing and leaf season, so she will want me to have something to do.
    Nov 12, 2014. 07:10 PM | Likes Like |Link to Comment
  • Realty Income: Don't Reach For This Yield Play [View article]
    Rose:
    Happy retirement indeed. I'm working on week two of being retired. I have barely reached the point where I learn to chill out a little. I figure that in about a month, the concept of retirement will actually set in. :-)
    Nov 12, 2014. 04:23 PM | 2 Likes Like |Link to Comment
  • Moynihan: BofA not about to lower mortgage standards [View news story]
    I'm still not a fan of BAC, as a customer nor as an investor. I still need to give some kudos to them here. It's nice to see some common sense come into play.
    Nov 12, 2014. 01:16 PM | 6 Likes Like |Link to Comment
  • Realty Income: Don't Reach For This Yield Play [View article]
    I agree with you, Rose. I'm waiting for at least a 5% yield before I add. I think 5.5% would be most acceptable.
    Nov 12, 2014. 11:03 AM | 3 Likes Like |Link to Comment
  • What Happens When Solar Costs Go Below Fossil Fuels? [View article]
    I don't know about the entire Midwest, but here in Michigan solar is not going gangbusters by any means. Probably better than half our days are cloudy. I've seen very few houses with solar panels on them.

    Our particular house will never be suitable for solar in that we have no roof areas that face south. Even if we did, the cost would be prohibitive. I've checked a few websites out of curiosity. Looks like payback would occur in fifteen to twenty years. By then, I'll either be dead or too old to even care.
    Nov 11, 2014. 08:10 PM | 7 Likes Like |Link to Comment
  • Dumpster Diving The Dividend Contenders [View article]
    Aaron:
    For a 3% yield, it would be closer to $94. A 3% yield is not that unusual for JNJ. Not lately of course, but it does happen. A good correction could bring the price down a bit. M* and S&P both a give a fair value of about $99.

    At the current price of $108, it seems a bit pricey. Without a 3% yield, it's also too far away from qualifying under the Chowder rule. I'm looking to be patient on this one.
    Nov 9, 2014. 10:23 PM | Likes Like |Link to Comment
  • Do You Have The Patience To Be A Successful Value Investor? [View article]
    Psycho:
    I tend to agree with you on that. I had a small HP laser printer in the 90s. It was built like a tank. That thing just ran and ran. I had it for 12 years or so. Over that time I had a couple minor repairs and cleanings performed. Finally, it just wore out.

    I bought a replacement HP. That was a mistake. It lasted about 2 years then fried itself. It was clearly of lower quality. I'm using Epson all-in-ones now. So far, so good.
    Nov 8, 2014. 09:31 AM | 2 Likes Like |Link to Comment
  • Dividend Aristocrats In Focus Part 31: Sysco Foods [View article]
    I would go along with that. Rather over-priced compared to its dividend growth rate. Last December, I was contemplating a sell in order to move the funds elsewhere. It spiked to $43 one day, so I said farewell. SYY seems like a well run company, but I can't get excited about the dividends.
    Nov 7, 2014. 08:12 AM | Likes Like |Link to Comment
  • Third Quarter Portfolio Review: Continuing To Build Dividend Growth And Quality [View article]
    Thanks for the congrats, Bob. I'm looking forward to being retired. I appreciate the clarification on yield.

    My business plan is very much in its infancy in that I've always just used informal guidelines. I want to firm that all up though. If I end up with something that I think is readable, I'll certainly consider publishing it. Thanks again for your work on SA.

    Steve
    Nov 5, 2014. 11:20 AM | Likes Like |Link to Comment
  • Third Quarter Portfolio Review: Continuing To Build Dividend Growth And Quality [View article]
    Bob:
    Thanks for providing an excellent read. I retired a few days ago and with my new found free time, I want to create a more substantial portfolio business plan of my own. Articles such as yours provide great food for thought.

    Question.... not being nit picky here, but your stated yield on Ventas/VTR is 4.6%. Near as I can tell, it's 4.2%. Am I missing something? A div increase I haven't become aware of yet? I ask because I hold VTR and a 4.6% yield is where I'm considering another buy.

    Steve
    Nov 5, 2014. 11:02 AM | Likes Like |Link to Comment
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