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SteveTheHawk

SteveTheHawk
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  • HCP: A High-Yield REIT Play On Healthcare [View article]
    Oh, yeah.... forgot to say.... a TIRA is always taxed as ordinary income when the money is distributed, rather than being taxed when earned.
    May 4, 2015. 07:26 PM | 1 Like Like |Link to Comment
  • HCP: A High-Yield REIT Play On Healthcare [View article]
    REIT income is generally taxed as ordinary income, so the ROTH is a better idea. Qualified dividends (like JNJ, KO, etc) are taxed at 15% in a taxable account.
    May 4, 2015. 07:22 PM | Likes Like |Link to Comment
  • HCP: A High-Yield REIT Play On Healthcare [View article]
    HCP is a div champ, no doubt. It carries about 2.5% NAV weight for me. Still, I feel like the HCR issue may create an overhang that stifles dividend growth. Then again, it may not. Add to that the fact that I think most REIT stocks are too expensive, it makes me unsettled enough to avoid adding right now.
    May 4, 2015. 06:40 PM | 2 Likes Like |Link to Comment
  • My First Quarter 2015 Portfolio Review [View article]
    Bob,

    Not only do you write excellent articles, but you have now added the bonus of rhyming poetry. Very nice. :-)

    Steve
    May 4, 2015. 10:42 AM | Likes Like |Link to Comment
  • My First Quarter 2015 Portfolio Review [View article]
    I agree completely, Bob. Very well said.

    I went into retirement with a decent, but not huge, amount of money set aside. I've been working to turn that into a DG portfolio. It will never generate enough money to provide for all our expenses, but we don't need it to.

    We have pensions (and soon,SS) as the foundation of our income. I like to view dividend income as "gravy". A nice enhancement that will allow for spending money on things we couldn't otherwise afford. DG income is also a better bet than pensions/SS for offsetting the effects of inflation.

    Steve
    May 2, 2015. 07:15 PM | 7 Likes Like |Link to Comment
  • Mr. Market Is Trying To Send Us A Message About Omega Healthcare [View article]
    Rich,
    The paragraphs on horses belong in a "memorable quotes from SA" archive. Love it.
    May 2, 2015. 06:19 PM | Likes Like |Link to Comment
  • No Need To Freak Out About Chevron's 'Frozen' Dividend [View article]
    So in short, you are saying "remain calm and collect the dividends". I agree with that. I have a hard time believing that CVX will let their Aristocrat status go down the tubes.

    I'm reasonably content to collect on the current dividend and will just wait for the next bump. If I sold, I would need to find another income producer with a price that I like. Not an easy task these days.
    May 1, 2015. 09:20 AM | 6 Likes Like |Link to Comment
  • Johnson & Johnson: This Is My Favorite Healthcare Dividend Stock [View article]
    TF17,

    My thoughts exactly.
    May 1, 2015. 09:13 AM | Likes Like |Link to Comment
  • Hope Is Not A Strategy, Before Investing Have A Precise Calculation Of Return In Mind [View article]
    I did the same with JNJ. It's now weighted at about 8% NAV. Like you, I'm not concerned much about future regret with this company. I want most of our portfolio to be of the uber-dependable caliber. JNJ seems to fit in that category quite well.

    Steve
    May 1, 2015. 09:11 AM | Likes Like |Link to Comment
  • Hope Is Not A Strategy, Before Investing Have A Precise Calculation Of Return In Mind [View article]
    I agree, uncle. Seems like every time I read an article from Chuck, I learn a bit more about FAST Graphs. Makes me glad to be a subscriber.
    May 1, 2015. 08:24 AM | 4 Likes Like |Link to Comment
  • Procter & Gamble: Bearish Bias Confirmed By Q3 [View article]
    M* released a new analyst report on PG about 5 days ago. They give it 4 stars with a FV of $90. Still, they cite many of the same concerns as your article. I tend to agree with you that things are less than rosy with PG, but I don't see it as a total disaster either.

    PG is currently about 4% NAV weight for me. I'm not inclined to take it higher at this point. If it drops into the mid-70's, I'll take another look though. That would put the current yield at its all time high. That would be offset by the likelihood of muted dividend growth for a while. I'm surprised that the market in general hasn't punished the stock more than it has. Perhaps just the fact that it's the "legendary" PG is providing some support for the stock price. I'll be watching from the cheap seats for now.

    Steve
    Apr 28, 2015. 03:27 PM | Likes Like |Link to Comment
  • Learning From The Masters: Q&A Session With Buyandhold 2012 [View article]
    What divneer said. I enjoyed the article greatly.
    Apr 28, 2015. 12:05 PM | 3 Likes Like |Link to Comment
  • Johnson & Johnson: This Is My Favorite Healthcare Dividend Stock [View article]
    dj,

    Patience is a beautiful thing. However, there is also validity to the old "good company at a fair price" axiom. JNJ is certainly a good company. Fair price is in the eye of the beholder, but I happen to think it's fair. So, I added as well. I do have a small limit order in @ $98. If it hits, great... but I need to move forward on growing my div portfolio and am happy with my purchase.

    By the way, my investing skills are clearly superior to yours. I bought for $100.25. :-) :-)

    Steve
    Apr 28, 2015. 11:44 AM | 1 Like Like |Link to Comment
  • Johnson & Johnson: This Is My Favorite Healthcare Dividend Stock [View article]
    jerry,

    Opportunities are hard to come by these days. I'm adding a little here and there when I can. Thanks for your comment and welcome to SA.

    Steve
    Apr 27, 2015. 09:45 PM | 1 Like Like |Link to Comment
  • Johnson & Johnson: This Is My Favorite Healthcare Dividend Stock [View article]
    I'm giving serious thought to adding JNJ tomorrow. We last purchased it in 2007. It's done well enough that allocation is still about 6.5% NAV. For a company like JNJ (it commands a rare AAA credit rating), I would draw the max allocation at 10%, but that's just me. I think that at the very least, I want it to be 8%. If it drops some more, I'll have room to add.

    M* = $99 FV. S&P $101 FV / target price $120. "Normal" PE is about 20 and current PE is about 16. With the current price just over $100, it qualifies for a buy. If one excludes the recent three "troubled" years, the current dividend yield (3% as of next month) is as high as its ever been. I believe it to be a worthy and dependable addition for dividend income. Given the difficulty in locating decent buys as of late, I feel the need to take advantage and bump up our holdings a little. Just my .02.

    Steve
    Apr 27, 2015. 08:04 PM | 3 Likes Like |Link to Comment
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