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poortorich

poortorich
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  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]
    FWIW, digging deeper into the rules, the age the control gets transferred is actually 21 in my situation.
    Jan 20 03:01 PM | 4 Likes Like |Link to Comment
  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]

    Thats where financial education comes in. The value of hard work, living below your means, appreciating the hard work of others, knowing the power of compound interest, learning about how companies make money, emphasizing the need to NEVER sell a great company. I ask my child would you rather buy several big macs with 10 dollars or would you want to be an owner of MCDs etc. Basically, all the things i've learned. It all depends on how you teach your kids and what you don't spoil them with. Of course i could do all of this and the kid may still turn out to be irresponsible. In that case, i guess it wouldn't matter at what age they have control over their money.
    Jan 20 02:53 PM | 9 Likes Like |Link to Comment
  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]
    GMwright

    Great point. So try to maximize #1 and # 3 from my previous post. The only way to maximize #2 is to get a high paying job, have a rich uncle , win the lottery, sue someone, strike a 20+ bagger or the best way, in my opinion is to use other people's money (become a fund manager) :)
    Jan 20 01:29 PM | 3 Likes Like |Link to Comment
  • McDonald's: A Fairly Valued Dividend Champion [View article]
    If you place your bets on companies that derive a signficant amount of earnings from many different countries, you will do well over the next 15-20 years. This is a megatrend that is clearly screaming at us right now.
    Jan 20 01:04 PM | 3 Likes Like |Link to Comment
  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]
    The 3 factors that determine the growth of your money are
    1) rate of return
    2)how much you put in
    3) time

    If you are young, #3 is your best friend. So the point is start investing in dividend paying stocks when you are young. You will get to the promised land if you start young.
    If you are in your 60's or 70's, this may be more difficult and you may need to rely on #1 and #2 even more since time may not be your friend.
    #1 is something you can control if you educate yourself to be a better investor. The difference between a 7% return and a 12-13% return is substantial.
    Jan 20 12:43 PM | 5 Likes Like |Link to Comment
  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]
    Skate

    To be more specific, check out buyandhold.com. For a flat monthly fee of $14, you can reinvest an unlimited number of times. This makes a huge difference in cutting down transaction costs. The only downside to this brokerage is that if you want to buy an very small obscure company, they may not let you.

    Good luck!
    Jan 20 11:07 AM | 2 Likes Like |Link to Comment
  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]
    Flabank
    Good job on your nice return.
    But several points. Dont confuse good picking with a rising stock market. In a bull market, you can almost throw darts and do well.
    Dont rely on anyone else but yourself. If you are basing your decisions on a guy on tv, you have to question how much knowledge you have on investing. Read as much as you can. If you do that, things become more clear and some of the tv guys start looking foolish
    Jan 20 09:32 AM | 10 Likes Like |Link to Comment
  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]
    Skate fish
    I opened a custodial account. At the age of 18 I believe, my child will have control over the money.
    Jan 20 09:20 AM | 5 Likes Like |Link to Comment
  • A Basic Retirement Plan, And 9 Dividend Income Stocks to Help Get You There [View article]
    Chowder
    Good for you. My 4 y.o. has an account also. Its a nice mixture of dividend paying stocks and small caps.
    Jan 20 12:45 AM | 8 Likes Like |Link to Comment
  • McDonald's: A Fairly Valued Dividend Champion [View article]
    Basically any American consumer co that has conquered america will likely do the same in other countries. Thats why the futures for a mcd, ko and pep are very bright indeed.
    Jan 20 12:22 AM | 3 Likes Like |Link to Comment
  • A Disciplined Approach to Weighting High-Dividend Yield Stocks [View article]
    Doug

    Your ideas are interesting. Have you backtested this to see how it would have performed in the past?
    Jan 18 07:48 PM | Likes Like |Link to Comment
  • Top 10 Stocks Most Owned by 'Super Investors' [View article]
    Tony

    One more thing. You mentioned exceptions. In an index fund, typically 10-20% of the companies account for all the return. So 80-90% of the companies you hold in an index fund are losers. So you are right, there are exceptions. But if you educate yourself well enough, it gets easier finding exceptions.
    Jan 18 02:40 PM | Likes Like |Link to Comment
  • Top 10 Stocks Most Owned by 'Super Investors' [View article]
    Tony

    Good for you. At the end of the day, you have to do what you are comfortable with. My advice to beginner investors is to read as much as possible. Do not rely on financial advisors. Avoid index funds and mutual funds because you can do alot better if you educate yourself enough. Once you are educated enough, you will have much more confidence in picking outstanding companies that will deliver great returns, provided you also have the right temperment
    Jan 18 02:12 PM | Likes Like |Link to Comment
  • Just One Stock: The Healthcare Giant With a Low Multiple and Solid Yield [View article]
    Agreed.
    Ensure Pediasure etc generate reliable recurring earnings. If you ever visit a hospital/lab, you'd be surprised how many abt products are used. Then you can get a sense of how powerful the company is.
    Jan 18 12:53 PM | 1 Like Like |Link to Comment
  • Healthcare: The Best Long-Term Investment for Your Portfolio? [View article]
    There are several megatrends i see in the future

    1)aging baby boomers. They will desire better health, weight loss, better nutrition etc
    2) trend toward going green.
    3)emerging markets.
    4) growing global population

    If you can position your investments toward one of the four above, you will do well in your investments.
    Jan 18 12:49 PM | 1 Like Like |Link to Comment
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