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croppled1

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  • Retired Dividend Investors Are Deluded By Yield On Cost [View article]
    I tend to always think off topic . I like and in a way do what you say often as a disabled man with no abillity to aquire earned income any longer yet needing to support oneself and prepare for the loss of SSD for SSI . The problem is finding that balance which is appropriate for principle preservation now . Taxes worry me as i have no current meaningful losses after all these years though people say to not consider them . I long ago made a rule to not invest in anything but dividend payers with 90% of my savings and to divest if dividend payers were to reduce or omit them . I have tended to follow a investment discipline similar to what your espousing with my dividends coming in and I only sell enough of a stock to redeploy the principle for growth , or more income with diversification .I let the profits and whatever dividends run forever unless I find the company no longer investment worthy . I am usually too lenient in that regard sadly often leaving allot of profit to erode but I am never perfect buying late and selling early like the pro's and after all we are basically in this for qualified dividends requiring buy and hold . Right now I am trying to stay the course while for once put aside cash before a crisis has seen the market fall . I too watched my nice dividend portfolio cut in half twice in the last decade roughly though I did enjoy the steady income ( 2008 even saw that decline for a time ) . I remember how my father accumulated most his savings for retirement by buying 30 year treasuries that paid 13% back around the late 70's and early 80's . I want to be ready this time instead of all in crying while others pickup income on the cheap . Though to be honest we all just watched Japan go through over a decade of deflation and yet everyday we worry about a small rise in interest rates damaging our dividend portfolio's when there is a good chance we are in for 10 years of the same but nobody wants to admit or envision it . The good news is when we wake up and realize it , and the market corrects cash will buy more income then too and make up for any dividends lost . One thing is I doubt many of us will run out of money because once your a disciplined saver you tend to always live on less then comes in no matter what till your dieing day if possible . If I could ever figure out where I for sure could live the rest of my days with my health I would tap into that reverse mortgage for income next . Perhaps to pay the HOA fee . Thanks for your thoughts .
    Apr 26, 2015. 12:58 AM | Likes Like |Link to Comment
  • Iron ore sinks below $50, raising questions about big miners [View news story]
    Ugly charts in most miners , coal is the worst , and then the junior energy stocks including the drillers are looking beat up too . Surprised some have not received a bid at the levels their trading at . No reason to buy yet but I took a stab at some BTU here at $4.75 . I did the same with Vale after it had dropped 70% from it's high . There is a reason they tell you not to try to catch a falling knife . Watched Vale fall another 60% from where I purchased it . Maybe I should put a stop loss on my investments too ? Gotta be able to laugh at yourself hopefully time will bail me out of these mistakes ;-) !
    Apr 3, 2015. 01:34 AM | 7 Likes Like |Link to Comment
  • The Long Case For General Electric [View article]
    I do agree there were serious problems and lapses in judgement by many levels of management within GE . Saw them purchase Lawyers Title a wonderful company and bankrupt it with corrupt practices for one . However I do believe they have learned and are moving forward . I believe the S & P analyst who see's the stock breaking out to $30 in the next year .
    Mar 27, 2015. 09:06 PM | Likes Like |Link to Comment
  • My Top Chemicals Stocks For 2015 [View article]
    Who has thoughts on the new OLN after the DD spin/merger ? OLN has had good management over the years constantly aquiring and spinning off interest's . There was a stipulation on the merger that nothing can spin off for 2 years not sure on raising the dividend but the .80 cents per share was guaranteed to at least stay at the same level for OLN shareholders . Deal structured to benefit both parties going forward from day one to be approved by a shareholder vote and completed this year
    . OLN will now have a International footprint as well as take the number one spot in North American production in some chemicals . Bleach will be one of them if I understand it right , Winchester ammunition and industrial loads to be retained . Oln opened up $6 on the early announcement before closing up $4 and change .
    Mar 27, 2015. 08:23 PM | Likes Like |Link to Comment
  • Russia reportedly preparing for Exxon arbitration claim [View news story]
    Path of least resistance . Nice deal between BP , COP , and Chevron in the Gulf . XOM needs to get into some of those deals ...
    Mar 27, 2015. 08:08 PM | 1 Like Like |Link to Comment
  • ConocoPhillips' Nonexistent FCF Is A Problem For The Dividend [View article]
    Thanks I hope so this has been such a good investment and I definitely feel right or wrong the two parts are not as strong alone as they were when integrated together . PSX should be doing very well in this environment . If they allow non refined product to leave the country to help the other side and it's competition being hurrt now then they will be effected negatively . I do hear most are running so near full capacity maybe it would not be that severe and maybe could increase safety which would be a positive . Though keeping product here subsidizes pricing and reduces imports with storage full why not increase our exports and help balance trade would be my first thought . They should have some formula that allows export when storage approaches capacity . I really hate to see NG flared especially we should export all we can if it is profitable to do so where it is needed like Japan and Europe . I have been sad to see what has happened to our coal industry and the clean coal initiative too not that that helps COP . Coal to diesel would seem to be able to help our truckers with high fuel costs . You can only cut cap ex so long free cash flow from operations building reserves and sustainability is so important . God Bless .
    Mar 20, 2015. 12:05 PM | Likes Like |Link to Comment
  • The Long Case For General Electric [View article]
    I was lucky and traded this a few times making well better then bank interest . Then I bought it when it was cheap and have just held with it seeming dead lately . That said for all the faults which cost it the AAA+++ rating it is a solid industrial company as we are in the first phase of a recovery . One could do much worse . I think it should trade in a narrower range before eventually breaking out to the upside . Just my gut and the financials to go on give me this view .
    Mar 14, 2015. 08:38 PM | 1 Like Like |Link to Comment
  • ConocoPhillips' Nonexistent FCF Is A Problem For The Dividend [View article]
    When Buffet exited here from energy which is usually is weak early in a recovery near the yearly high of $87 I should of thought this out a little more . He moved into XOM and I hear he even sold out of that now which I rarely remember Berkshire putting on short term trades . It is what it is I have all my shares in both PSX and COP and I have been wondering if even down here at $61 if I should trim some of the COP . I like the Downstream business of PSX . I also have MRO which also spun the downstream assets which are doing better . Truth be told I would owe taxes on a sale even down $26 from the top . I am disabled and retired because of it needing income to pay for basics . I need the dividend very much and I am afraid . If the company did not split I would of never thought of selling but it is a tough and worrisome decision even after such a long drop if we see oil return to sub $40 prices . Japan went through a deflationary period that lasted around 10 years with the advances in technology and oil being landlocked here in the USA unless refined with storage full as well as conservation of energy across society the cash flow from the upstream business could be much tighter going forward . I will do my own due diligence and try to remember to be more careful next time . I should of done it the day it was reported Buffet moved out . I could of still received $80 a share if I remember right . That said in time COP should recover unless we are in a bear market for oil with a deflationary picture that lasts much longer then anyone see's currently . God Bless . Pretty much set on holding long term like I always have but since the split it has created a situation where one could be justified in moving out of the upstream businesses within the current environment if it isn't already to late being down near 30% from the yearly high . Could be worse the Canadian Juniors have been decimated like PGH down 70% since July 14 .
    Mar 14, 2015. 07:37 PM | Likes Like |Link to Comment
  • If history's a guide, AT&T shareholders should celebrate Dow exit [View news story]
    When it comes to T the report of it's death is grossly exaggerated . Mark Twain
    Mar 9, 2015. 07:55 PM | 1 Like Like |Link to Comment
  • My Dividend Portfolio: Adding P&G [View article]
    You all should look at SJM . Smaller dividend but real growth .
    Feb 19, 2015. 06:05 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding P&G [View article]
    I have been in P and G since before the last split . I heard all the hype before about it being overpriced . While it fell pretty far when the market dipped in 2009 unlike most other stocks the dividend remained firm and increasing. I sold some shares once on the too high speculation and now its that much higher . I only sell shares to diversify anymore . I like the idea of dripping in as well as weighted dollar cost averaging . Sadly I was disabled at a early age and have no income to speak of and have to live off the dividends or I would definitely re-invest them through a no charge broker . The drip for PG is expensive but there are some out there that give a premium on dividends put back in and charge no fee's unless you sell like PNY . You want drips set up like that . Nice little NG utility .
    Feb 15, 2015. 06:57 PM | 2 Likes Like |Link to Comment
  • Aqua America: Quantifying The Dividend Reinvestment Discount [View article]
    PNY has a similar drip program with the 5% . I have been it over a decade and the dividends are now contributing more then I do at $25 a month . It really is starting to take off and I estimate at retirement will pay me a nice little self made pension . Since I was self employed and now am disabled it will be greatly appreciated . I believe it takes $250 to open with a $25 min investment and there are no charges until you sell and they are reasonable or you can transfer to a brokerage then sell at their discount rate . You can even declare for and receive the dividend to be sent in a transfer or check . Dividends are paid quarterly .
    Feb 10, 2015. 02:08 AM | 1 Like Like |Link to Comment
  • Parker Drilling Is A Survivor And Too Cheap To Ignore At $3 [View article]
    I have owned Parker for years . I have a few of these small cap little engines that shoulda coulda be investments but in truth are trading stocks . They are straight shooters . They have come a long way since back when the stock traded down from 18 to 1 and change . They had around 68 rigs then . They have way less now but they are all top of the line . They hold the records for the deepest wells ever drilled , check it out . They have a great saftey rating and actually train other companies . I am not sure if the Parker Ranch is still owned where they used to put up employees when between assignments or temp idled but it was a great perk and showed their loyalty . They have merged two tool businesses so they sell pipe and supplies to others . They have pretty good horizontal diversifcation for a small cap . Sadly they have debt and they have been a C rated company over time . I was always surprised somebody didn't make a decent bid for them who could add them to a business were they could help ramp up earnings . These guys make rigs from scratch that are transportable into the most remote regions in the world with the harshest environmental conditions and can put down some of the deepest wells . They specialize in drilling for thermal utilities . It has always been a rocky investment but one heck of a trading stock not that I desire that - I am not a trader but buying low and selling high here has worked . I thought they were on their way back into the teens and bought in at $6 a year ago . Mistake yup . But I don't like selling for tax losses or buying stocks I don't believe in and sell on a drop . I put these in the oops drawer and will pull them out when they make a run again . I believe in these guys it is just a matter of time . You read of mediocre companies all the time that do nothing well but these guys really do hold great patents , expertise and a safety record others wish they had . I think you will see the fear here is overblown . I am just a regular guy and I have traded in and out of this since the 90's . For all their faults they tell it like it is at conferences and while at times they miss targets they are straight shooters whom I respect . Now let the number cruncher's with more smarts give us some facts .
    Feb 9, 2015. 11:09 PM | 2 Likes Like |Link to Comment
  • BorgWarner: Correction Creates A Nice Risk-Reward Opportunity [View article]
    BWA has grown to my largest holding from a small investment of $3600 made over a decade ago when it was $6 a share for $3600 and before 3 splits . There were 28 mm shares back then . So many times it was rated a sell . I usually eject stocks when they omit a dividend at the very least . However this is one stock that has been such a great performer over time I am always afraid to exit worried it may get away from me . I waited many years before I trimmed anything and then it was only a fraction which still paid back almost 600% the original investment after the second and third split . It is amazing to me that it is now the largest position by $ in my portfolio after that and the prospects are still amazing . It never is considered one of the better performers of the period either . I cannot imagine if I were able to get ahold of a few more the many stocks that have performed better . In just a 15 year period 4 stocks like this one and $15 k invested would create a millionaire . Of course thats not what it used to be but still not too shabby . BWA seems to have a lot more growth ahead when the world economy picks up stretching oil supplies and more and more people can afford vehicles requiring their great products which conserve energy and increase performance . The dividends paid have only made the performance better . They also have contributed to the amazing performance over the past decade as this has transformed itself from a near micro cap to a mid cap powerhouse . With so much improvement forcasted for the Auto Sector buying a company that sells to every major auto producer seems the way to go still . When Europe does pick up this ship should really sail again .
    Jan 30, 2015. 08:54 AM | Likes Like |Link to Comment
  • Exxon Mobil: There Will Be Blood [View article]
    Xom has a nice DRIP program for those interested in it and dollar cost averaging or weighted dollar cost averaging is a great way to invest . To me it seems like the time for the latter is soon to be here . Starting a account then adding a little every month or bumping it up to a larger amount if there is a further drop seems a great way to DRIP or invest into XOM further or for the first time in this energy environment . PNY is another great DRIP in the Utility sector . For a energy spec PGH is worth a look . The key is to find ones that do not charge anything and even give a discount on reinvested shares like PNY a A rated small cap .
    Jan 30, 2015. 03:28 AM | 1 Like Like |Link to Comment
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