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Background.. degree in psychology from CSUS. I have a photographic memory for numbers-tho it's not perfect (but close). For example, I work with about 70 other people. I have all of their birthdays memorized. It helps b/c I have accounts, passwords, prices, dates, etc. memorized and ready whenever I need them.
I worked in group homes and for CA state programs for a few years. Got into music for a while, but gave that up. Got into the markets/investing in '04 after looking over my retirement allocation for Trader Joe's. Decided to forgo grad school and train for mgmt at TJ's in '06. Have been a manager at several different WC Trader Joe's for about 8 years and enjoy it.
I'm completely in the 'Get paid
or go home camp'. By that, I mean I only invest in stocks that pay a dividend, usually over 3% too. Some of my clients are in sub-3% payers like AFL, PSX, and QCOM, but I only have my $ in +4% div payers, some as high as 11% (PSEC, QRE, and LRE). My large acct is comprised of 2 MFs (it's that or cash as my work retirement account doesn't let me do my own stock picking yet-only cash or MFs) that hold solid dividend payers (PM, T, VZ, CVX, HD, BA, LMT, MRK, GE, AMGN, etc).
My IRAs are broken up into 2 categories: the first is ALL PM-no diversification, only Philip Morris Int'l. I bought the lion's share of it right after the tsunami in Japan (Mar 2011) at $62, so I don't sell if it drops-I buy more. I've been reinvesting the dividends on small corrections. I've recently added at $88.91, $84.98, $82.78, and $79.28 on 1/29 and again at $75.50 near the recent bottom. Added at $84.66 the other day.
The second is: QRE, LRE, PSEC, ESV, MO, LO, and a tiny position in F. I bought MO @ $ 35.14 and again at $34.10, so one less risky play puts this acct into more conservative territory, something I need as the market is as high as it is. Risk will get sold off hard when we correct, and I expect these high div payers will hold their ground during a downturn. I recently sold a third of my QRE and picked up shares of PSEC @ $10.96, as I've been watching that one for quite a while and have wanted to start a position under $11. I started a tiny position in ESV at $49.20 and 6% div as that one is way undervalued and drillers are out of favor now (a good time to buy).
I'm wanting to move into more realistic yields as the fears of rate hikes move into the markets, hence my focus on LO and MO (and looking at T) going forward. I think QRE has a solid following of knowledgeable investors who haven't sold yet (I've held most of it so far (see above), so I'm sticking with that one and its massive yield until further info becomes available (like cutting the distribution).
I recently (first week of Dec 2013) started a cash account (FINALLY!!!) that I plan to use for add'l income so I can cut back the amount of hours at Trader Joe's. It's only $2k (although I'm up 10% as of 1/17), and split between QRE, BBEP, and VNR (I'm looking to add PAA to this acct too). My strategy is to hold MLP type securities that are best suited for cash accounts that pay high distributions and DRIP the distributions until such time that I want to have them sent to me regularly. I make pretty good $ at TJ's, so it's gonna take a few years of DRIPs and adding to my positions before they (the distributions) are high enough to supplant some of my income and allow me to drop down to 40 hr weeks (from 50).
I monitor 6-7 different accounts for friends and family, from cash accounts and IRAs (and some 401(k)s for co-workers) and get paid for my work. I've bot more conservative names for my clients, as their risk tolerance is lower than mine, such as AFL, QCOM, PSX, MSFT, COP, T, GE, along with some others.
Tried day trading, intermediate trading, and some swing trading, with varied results. Have moved into a div and DG stock mentality (I never buy a stock if it doesn't pay a dividend-NEVER) over the last couple of years, as I work 50 hour weeks and have 2 young children, and need to be thinking more longer term and using a strategy that's proven to work over time. Always reading (7 days a week...thanks to my smart phone), always learning...always wanting to improve and increase my knowledge of the markets, stocks, investing, etc.
I'm most interested in the psychology of the markets. Yes, fundamentals and even technicals play their parts, but the market is driven by humans, and their psychological makeup and whims are the key to the market swings imo. Humans don't make the most logical stock purchases. They buy for a variety of reasons, many of them psychologically related. I'm able to glean much psychological knowledge by looking at stock charts (prefer 3 year w/ MFI and MACD and RSI) and their volume and patterns (candlesticks). Outguessing the competition using this psychology is what I enjoy the most. Making $ isn't bad either.
Dividend stock ideas & income, Energy stocks, Retirement savings, Stocks - long
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