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, VZ, WAG, WEC, WFC, WM, WMT, XOM, XRT, YUM
Latest  |  Highest rated
  • The Short-Term Benefits Of Dividend Stocks [View article]
    I agree Artful. I didn't mean to imply that a div stock should be held no matter what. But I have owned (and do own) stocks in good companies that have seen their price knocked down a bit. I expect the declines to be temporary. If the company begins to look troublesome or a lot of uncertainty exists then yes, I'll sell it. I've also sold some that appeared to be greatly overvalued. In some cases, my capital gains equated to 20 years worth of dividends so I've grabbed while the grabbing was good.
    Jul 15 02:43 PM | 1 Like Like |Link to Comment
  • The Short-Term Benefits Of Dividend Stocks [View article]
    I agree. When your div stocks drop in value, it affects your current net worth. Never a pleasant thing. I have to work rather hard to avoid focusing on that aspect of our finances because it seems that things are going in the wrong direction. I have to constantly remind myself that for DG investing, the prize is on horizon in the form of an income stream.
    Jul 15 09:30 AM | 2 Likes Like |Link to Comment
  • IRA Vs. Roth. The Man On The Radio Says It Depends...Maybe Not For Many [View article]
    Cat:
    I'm no financial planner (you may want to consult with one), but if you have the money I don't see a problem with starting a Roth. That assumes you don't exceed the income limits, etc.

    There is a five-year waiting period to determine whether a Roth IRA distribution is qualified (that is, tax and penalty free). The five-year period begins the first day of the first year for which any of your Roth IRAs were funded. You can't withdraw any gains in the account until you reach 59.5 years of age anyway, so you've got 10 years. You can withdraw contributions anytime without penalty.

    At age 50, you can contribute a maximum of $6,000/year so long as you earn at least that much in that year. Plus, any earnings/gains are tax free if you meet the qualifying rules (59.5 years old / account over 5 years old). I don't know if that fits well with your current financial situation but as for me, I'm a big fan of Roth accounts. I like knowing that whatever income my wife and I can generate from our accounts will be free of taxes.
    Jul 14 08:19 AM | Likes Like |Link to Comment
  • IRA Vs. Roth. The Man On The Radio Says It Depends...Maybe Not For Many [View article]
    Todd:
    No matching contributions (I get a pension). We recently had a Roth 401K made available to us but the investment choices are the same. At this stage of the game I'm inclined to let it sit as it is and wait until retirement.
    Jul 14 07:56 AM | Likes Like |Link to Comment
  • IRA Vs. Roth. The Man On The Radio Says It Depends...Maybe Not For Many [View article]
    Jay:
    I won't be 59.5 for about another year. By then, I'll be close enough to retirement that I'll likely just wait until I actually retire. I've got most of the account invested conservatively (bonds/stable value) so I'm comfortable leaving it tucked away there until I'm ready to leave.
    Jul 14 07:51 AM | Likes Like |Link to Comment
  • IRA Vs. Roth. The Man On The Radio Says It Depends...Maybe Not For Many [View article]
    Personally, I've done both in a matter of speaking. I have a 401K and a Roth account. Of course, my 401 is all mutual funds which I'm not fond of, but I have little choice. My Roth (and my wife's) is with a broker. My wife and I use these accounts to hold div growth stocks which will all of course be tax free.

    When I retire in a couple years, my plan is to roll my 401K into an IRA account with our broker so I can get away from mutual funds. I'm hoping to use both accounts to strike a balance between income needs and tax liability.
    Jul 13 06:50 PM | 1 Like Like |Link to Comment
  • Bank of America (BAC): Declares $0.01/share quarterly dividend, in line with previous. Dividend yield 0.5%. For shareholders of record Sep 07; payable Sep 28; ex-div date Sep 05. (PR)  [View news story]
    Pathetic, really. I don't understand why they even bother.
    Jul 11 02:30 PM | 2 Likes Like |Link to Comment
  • High-Yielding Waste Management [View article]
    In that I already own WM, I don't need to be anxious to add more. However, if it falls below $30, I'll be giving it a serious look.
    Jul 11 10:05 AM | 1 Like Like |Link to Comment
  • Perfect Entry Point For Some Forever Stocks: Coca-Cola In Focus [View article]
    Yes, and I think that there is a time to buy these great companies, and a time to sit and wait for a better price. When it comes to KO, I think it's a good time to sit. PEG is high (about 2.5), current yield is below the 5 year average, etc. So many seem to suddenly be finding dividend religion out of desperation for yield, that it seems difficult to find a good price on much of anything these days.
    Jul 11 09:54 AM | 2 Likes Like |Link to Comment
  • Does Wal-Mart (WMT) get the respect it deserves, asks Tim Knight. While fanboys pull out the if-you-bought-AAPL-at-... argument to make the case that Apple is the greatest buy and hold stock, Wal-Mart's return since inception actually puts Apple to shame (so to speak). The recent rally may be largely a defensive move by investors, but then again betting against WMT isn't often a winning proposition. Shares +0.4% premarket to $72.36, just a trace below yet another all-time high. [View news story]
    I look at WMT as a dividend stock, nothing more. I own a little bit of it but can't buy more due to its elevated price. Looking for at least a 3% yield at time of purchase.
    Jul 11 09:43 AM | Likes Like |Link to Comment
  • Bank of America (BAC) efforts to help 60K homeowners slice a large chunk of principal of their mortgage balances are falling short of expectations as more than half haven't responded to mailings from the lender. Other large lenders are reporting far better success, suggesting some truth behind anecdotal reports of the difficulties of dealing with BofA.  [View news story]
    I was thinking about that as well. I wonder how many underwater homeowners are just living for free on the banks dime, knowing that eviction will be a long time coming.
    Jul 11 09:39 AM | 1 Like Like |Link to Comment
  • High-Yielding Waste Management [View article]
    Decent yield on WM. We hold 5% of our dividend portfolio in WM stock with a 4.6% YOC. I can't see adding any more though. The company does have a fair amount of debt and that makes me a little jumpy. I'll collect on what we have and call it good for now.
    Jul 10 06:38 PM | 2 Likes Like |Link to Comment
  • Exelon Is Now A Contrarian Utility Investment [View article]
    I'm thinking the div is $2.10 with a yield of 5.65%. They split their last payout for some reason that I don't understand, having to do with the Constellation purchase. However, it's my understanding the the $2.10 dividend will remain.
    Jul 10 09:25 AM | 2 Likes Like |Link to Comment
  • Is Coke A Forever Hold Stock? [View article]
    I agree that KO is a great holding though at this time it is quite overpriced in my view. I'm closing in on retirement pretty quickly. I might live another 30 years, but I have my doubts. I'm thinking more in 20 year time periods (but if I do make it for 30, the dividends will just be higher). Over the next 20 years, I don't see KO producing sufficient income if purchased at current prices.
    Jul 9 09:51 AM | Likes Like |Link to Comment
  • Johnson & Johnson: Dogged By Uncertainty [View article]
    I hold JNJ primarily for the dividends. It's about 10% of our div portfolio and YOC is a bit over 4%. I'm not overly worried about the stock price, but I'm also not thinking of buying more right now. If the current yield should ever exceed our YOC, then I might reconsider.
    Jul 8 10:12 AM | 1 Like Like |Link to Comment
COMMENTS STATS
1,184 Comments
2,252 Likes