After 8/28/16, I will be writing no more than 4 Instablogs per year. Those blogs will be published in March, June, September and December. Those blogs will concentrate on matters relating to portfolio positioning. I will be posting substantive comments to my last published Instablog. I have not used, nor will I even contemplate using SA's Instablog service as free advertising to sell a subscription service. I have never received any compensation for the posts published at my blog website or here at SeekingAlpha. I am simply passing on what I have learned as an investor over 4+ decades free of charge. In all of my 2000+ posts since early October 2008, the primary purpose was to provide a framework for rational and fact based investment decision making that will hopefully reduce the number of errors made. That goal has been accomplished for the very few investors who have some interest in receiving it. My most basic investment strategy is to focus on income generating securities and then to invest the cash flow into more of the same, creating a compounding impact over a long period of time. I will invest in securities throughout the capital structure on a worldwide basis. I am now and have always been a cautious total return investor (income + capital appreciation). A focus on income generation simply means that income generation through interest or dividend payments is an important part of my total return objective. I am no longer in an asset accumulation mode. Capital preservation is more important than capital appreciation. Income generation is only one aspect of an objective evaluation of potential rewards balanced against potential risks. After several decades of "turtle" investing, which sometimes requires me to pull my head back into the shell and to cease foraging in stock land (e.g. 1999), I am now admittedly absurdly diversified due largely to one of my risk management techniques that limits my monetary exposure to the securities of a single company. My monetary exposure is largely dictated by a balancing of potential risks and rewards taking into consideration income generation and potential for capital appreciation. As a risk control trading technique and in furtherance of my capital preservation emphasis, I will frequently use the natural volatility of a security to gradually build up a position, selling the highest cost shares on price spikes and buying back those shares when the purchase is lower than my average cost per share usually by more than 5%. The general idea is to lower my average cost per share over time with tax efficient share dispositions, thereby increasing my dividend yield for the remaining shares. I have also been a practitioner of dynamic or tactical asset allocation that will be driven by my big picture views, including my Vix Asset Allocation Model, as well as my opinions about the relative risks and opportunities of various asset classes. I was born in 1951, and started to invest in stocks when I was 16. I am not a financial advisor, but simply an individual investor who has been managing my own money for my adult life starting when I was a teenager. All of my brokerage accounts are cash accounts. I have never bought stock on margin. I have not added money to any of these accounts since 1984 and have used those accounts to fund my annual IRA contributions. I started my web site, Stocks & Politics, in October 2008 to do whatever I can to help individuals become better investors, which requires a lot of hard work and effort. After over 2000+ blogs, mostly long ones, I came to a realization that my time consuming and laborious efforts have been mostly futile and have been rewarded at best with faint praise. I will no longer be posting there. I would still emphasize that it is important for individuals to become as knowledgeable as possible before making any decision, with every individual taking full responsibility for their investment decisions and to prepare accordingly, which is what I try to do. The Twitter Generation will need IMO far greater investment skills than previous generations given what I now perceived about future U.S. economic conditions.
Raised in the homeland of Alien spacecraft, attended NMSU & UNM. Background in Physics and English Lit. — Missing the NM Mexican food !
Spent several years in the Air Defense Command, Weapons Control —North Bend, OR & Vietnam, and finished-up as a Capt in Logistics at Chanute AFB, Illinois.
Trained afterwards as a jeweler and achieved Certified Master Watchmaker - worked for two businesses, started my own jewelry store- (no watches) did not get rich!— sold out to the partner I took on.
Became a Registered Nurse- specialized in Neonatal Intensive Care- nothing like juggling newborns! —later became a telephone triage nurse.
Jan 2 of 2014 -Oh Joy- RETIRED! Plan on continuing to work on the “fine art” painting I took up in ’10, hiking, photography, travel- US and abroad- mostly UK.
Discovered SA late ’12 or early ’13 and am dedicated to converting my IRA rollover money to DGI in my IRA, ROTH and taxable accounts. It’s not easy to find those margin-of-safety div growers, but am working on it. I have added eREITs, BDCs and some others for a bump in dividends, but will try to moderate those and increase the tried and true CCC types as I can—along with IRA to ROTH conversions (tax bracket allowing).
I have to wonder if I am the only DGI in Nevada— particularly Northern.
— Live long and prosper