carefully investing but more often investigating; have had 6 decades of remembered losses in both public markets and private placements. Still a board member of a nonprofit and still holding shares in companies seeded long ago but not yet having reached their investor exits. Trying to be thoughtful about investments and enjoying the experience. Becoming less current all the time, likely finding me to be a doddering old fuddy duddy for anyone reading what I post here.
Hi, my name is Dave. Retired Senior Manager after 35 years in Information Technology. Bachelor of Science in Mathematics, way back when. I'm managing my retirement dividend growth portfolio with an objective of higher than average current dividend yield coupled with annual dividend growth exceeding the long term rate of inflation. The goal is to use dividends to supplement my pension and Social Security income. I maintain a smaller,taxable growth oriented account to generate capital gains over the medium term to periodically refill a safe bank account for additional spending.
Buying and flipping houses and land and investing in a few stocks each year for thirty years kept my family fed and housed. I was lucky to have sold eight houses and several parcels just as the real estate market started to feel slimy. Since then I have devoted myself entirely to managing stocks and convertible bonds. I had also worked at a bank for 27 years, retiring in 1991.
I am an aggressive equity investor since 1965 when I debated buying Berkshire Hathaway or Narragansett Capital as my first stock. I bought Narragansett, which worked out for me, but Berkshire could have made me a billionaire. Oh well. In researching an investment I read everything available on it, and dismiss about 80% as just chatter. I barely escape being a day trader. I hold some stocks for many years and some for a few days, buy dividends, write covered calls, take inordinately quick profits before they disappear, and pray that Tivo, like Apple, never pays a dividend.
At any time there may be from six to twenty or so stocks in my trading account. I am not afraid of going heavy into one issue if it feels right. If it sometimes seems there are too many eggs in one basket, I sit in the barn with a shotgun.
Investing for 20 years, emphasizing stock picking for the last ten. Long-only, driven by valuation relative to risk and growth prospects. My contrarian approach works well during periods of volatility, typically trailing market returns during bull runs.