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  • Retirement Investing With A Simple ETF Portfolio [View article]
    Hi Toma
    Thanks for publishing your work. I would like to request a copy of your spreadsheets please.

    Thanks again!
    Aug 15, 2015. 04:50 PM | Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 3 [View article]
    @Chowder .. your comments make sense to me, particularly "it depends on why the company has frozen or cut the dividend". This was the gist of my question.
    Sep 25, 2014. 01:25 PM | 2 Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 3 [View article]
    Hi Bob
    Appreciate your work and I'm benefiting greatly from your efforts and all the others that contribute here. It's very encouraging to hear from real investors like yourself, DVK, and others that are actually executing a plan and proving that DIY is feasible and profitable.

    I do have a question that may have a simple answer but I'll ask anyway. I've noted in your comments and those of others that a company that "cuts, freezes, or suspends its dividend" should be seriously considered for the sell list. When I think about 2008/09 it seems to me that those companies that froze or suspended dividends in many cases were acting quite prudently in terms of ensuring the future health of the business, given the extreme uncertainty during that episode.

    I recognize that we're looking for consistent dividends and div growth but it seems that extreme circumstances sometimes call for extreme (however uncomfortable) measures? It's possible that these businesses/managers that made the decision to freeze dividends in that extreme scenario were in fact quite aligned with our own interests for the long term?

    Appreciate any thoughts you or others may have on this.
    Sep 24, 2014. 08:25 PM | 1 Like Like |Link to Comment
  • Here We Go Again: Buy-And-Hold Investing Is Dead [View article]
    La Marque, Thanks for the suggestions and insights. I invested with fund managers because i was working full time and simply didn't have the time to educate myself adequately and select stocks at that time. But underperformance and fees (and more time available now) are exactly why I am becoming a "newly independent" investor.
    Over the past few months I have been studying Dividend investing (have read some of Van Knapp's stuff but will now dig deeper) and I agree that ultimately this is the type of portfolio I would like to build over time. However, these stocks have become very popular (expensive?) over the past few years, and there are many decisions to make here as well (dividend growth, high yield...?).
    Fundamentally I'm not persuaded that we are done with the carnage that started in 2008, and I am very cautious about stepping in now and seeing my capital reduced by 30-40% again. I think we were lucky that markets recovered so quickly last time around. I think the recovery had a lot more to do with government intervention than market fundamentals, and without the juice i think we'd have gone even lower...maybe to a point where markets could have bottomed and we could have healthy markets going forward, vs the strange scenario we live with now. I was able to grit my teeth in 2008 and ride the market back up, but I don't expect to always have things work out so well.
    So. I'll take your advice and delve further into dividend portfolio strategy, and intend to cycle into these when valuations permit.

    Sorry I'm so long winded.
    Jun 8, 2012. 02:16 PM | 3 Likes Like |Link to Comment
  • Here We Go Again: Buy-And-Hold Investing Is Dead [View article]
    As this article highlights, the problem seems to be that Buy & Hold has very different definitions depending on who is advocating. Is "Monitor" the same as "Hold"? The problem I've faced as an investor is that much of the B&H advice that you find as a new (newly independent I should say) investor comes from the well known value investors (e.g. Buffet...favorite holding period is forever, etc.) and frankly I don't believe that most of them practice what they preach. If you've become famous (and wealthy) by buying when stocks are cheap, then that cash to buy those cheap stocks comes from somewhere. I know that Buffet in particular uses cash generated from his insurance businesses, but I'd suggest they are buying and selling significant portions of their portfolios regularly. In fact this is evidenced by the trading activity you can see by many of the well known value investors on Gurufocus.
    The other question I've struggled with as a Value/B&H investor is this. If i don't try to time my purchases to buy when markets and stocks are cheaper, then maybe I,m buying in a market like 1929, or 2008 or any of a number of other inflated markets when B&H could be disastrous for an investor with less then 20-30 years to ride it out. And if you're not selling when stocks get expensive, then what are you "monitoring"?
    In 2007 I invested with time-tested, thoughtful value managers (people who have been B&H/value investors for 20+ years) believing that they would be prudent and I didn't have to worry because they would use their experience and cautious approach to determine when the markets were risky and they should have more cash on hand...every one of them got whacked almost as much as their benchmarks in 2008. So the question is...what if the governments hadn't been able to juice the system and get markets roaring back? It took almost 30 years for markets to recover from 1929...I don't have that much runway. So now I'm trying to determine how to invest for my retirement and frankly B&H looks very precarious to me.
    Jun 8, 2012. 11:51 AM | 3 Likes Like |Link to Comment