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smlaker

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  • The Keynesian Depression [View article]
    Marvelous article. It strikes a near perfect balance between painting Keynes as a villain, as many neo-conservatives would do, or as a hero, as the tax and spend left would prefer to do.

    Had we balanced the budget and paid down the debt in the booming years, then the lean years could have been sustained with deficits. However, we wanted our cake and wanted to eat it too. Between low taxes and high government-subsidized entitlement spending, we have overspent to the point where any hope for "growing our way out of it" will be painfully inflationary. Woe be to anyone, who is holding onto dollar-denominated paper assets. Take a significant portion of them and buy something; land, gold, silver, rice or something, which will be of some value as inflation eats away at the very core of your life savings.

    Thanks.

    SM
    Dec 4 10:21 PM | 7 Likes Like |Link to Comment
  • The Keynesian Depression [View article]
    How do we grow out of it? By deflating our fiat currency. Growth since the end of the gold standard has been little more than a race between increasing government debt and rising prices. I like to use the simple postage stamp as the perfect example. A postage stamp cost 3 cents in 1853. 100 years later it cost 6 cents. But over the next half century, it would double three times, and the Post Office is bankrupt. If you call that growth, then you're an idiot. I call it robbery by the Keynesian economic underground. The only thing keeping thee world afloat over the last 40 years has been cheap labor overseas, specifically in Asia. With no place left on this planet to exploit, it is soon going to be time to pay the piper.

    Personally, I believe the author was spot on, because he has taken a very complicated subject and has made it easily understood by the average SA user.

    Grow out of it. You have to be kidding, right?

    SM
    Dec 4 09:51 PM | 29 Likes Like |Link to Comment
  • Combating Inflation For Retirement: 9 High-Dividend Stocks For The Long Term [View article]
    Your entry prices don't, on the average, seem to be very reasonable. Unless we literally fall off of the fiscal cliff, I don't think you're going to see most of those prices again. Ever. The money printing at the Fed is going to continue to push up stock prices as too much money chases too few shares.

    SM
    Nov 30 10:44 PM | 1 Like Like |Link to Comment
  • These Are The Voyages Of The Starship REIT [View article]
    minor, I read the same thing. It appears to me that the conclusion was already drawn that "O" is the REIT to own, then, when the data didn't justify the current stock price, it was just sort of glossed over at the end. Any way you slice or dice it, anyone buying now, even after the recent platry correction is buying in at a potential 22% premium (post-deal) or $39.30 - $24.46/$24.46 X 100% = $60.7% based on today's closing.

    Great Scott! There's a lot of places to receive a 4% dividend without paying 60% too much for the stock.

    One thing I find here on SA is that some stocks "can do no wrong". They're defended by a select group of posters/authors no matter what their NAV , bad news, or other chinks in their armor.

    This is one of those that no one seems willing to pronounce as "overvalued".

    But that's what I am reading here.

    If someone else can explain the data differently, by all means, please educate me.

    SM
    Nov 20 07:44 PM | 5 Likes Like |Link to Comment
  • Dividend Growth Strategy For Retirement Income [View article]
    Vote republican.
    Nov 16 02:43 PM | 4 Likes Like |Link to Comment
  • Dividend Growth Strategy For Retirement Income [View article]
    Nice of you to share your approach in detail. I enjoyed the article, and your sentiments have been mirrored by many on SA. Yours is a pretty common formula (give or take a few details).

    I would appreciate some comments on this thought.

    I see a lot of articles on SA, in which the author swears, as you do that he/she:

    "I do not rely on selling shares to fund my retirement. I expect to live off the income from the portfolio."

    However, the taxman cometh at age 70-1/2, whether or not we want to face up to it.

    Also, so does old age, which is more relative than the fixed 70-1/2 of the taxman.

    However, both dictate to me that withdrawing principal gradually, and enjoying it while you are young(er) has to have some merit over taking only dividend distributions until you either:

    a) are forced to dip into the principal, based on some eclectic government formula, or
    b) die.

    Minus the obvious looming issue of long-term care, which can be provided for by an annuity, most retirees spend more in their early years than in their later years, when they tend to be more homebound.

    Is no one besides me giving this any serious thought? Is everyone really thinking of miserly taking only no principal distributions, followed by only the minimum at 70-1/2, followed by leaving it all to someone else to spend (or the government to confiscate, which is more likely), if you and your significant other don't beat the actuarial tables?

    Just wondering, because I see it a bit differently.

    SM
    Nov 16 02:39 PM | Likes Like |Link to Comment
  • How To Protect A High-Dividend Portfolio [View article]
    Thanks for the great article.

    But, what do I do with this information? It's not that I don't understand the concepts, or the math, because I am an engineer. I just don't have the time to keep track of all this.

    I think you have a marketable concept. Why give it away for free? What you need is a newsletter with buy and sell signals in between, like Timing Lab or Timing Cube.

    I'm always looking for ways to reduce draw down, especially as I get ever closer to retirement. Some may be able to turn a blind eye to a bad market, but I'm not one of those.

    SM
    Nov 16 01:36 PM | Likes Like |Link to Comment
  • Sentiment Is Too Negative On This Cheap 4% Yielder [View article]
    In 8 more years, if the company grows and continues the dividend payout and growth, then it will be overpriced, just like most of the CCC stocks are today.

    There is a conundrum at play here. If you sit on the sidelines waiting for the magic ten year dividend anniversary, you can bet you'll be one of many jumping in around the same time. However, if you buy now, you do suffer more risk, but you also have a far far greater potential reward.

    Tough to be caught between two difficult choices.

    SM
    Oct 29 02:23 PM | 1 Like Like |Link to Comment
  • Checking 'Under The Hood' Of The Great Repeatable Dividend Machine [View article]
    I agree berloe. This discussion board has been more about people patting themselves on the back for having bought "O" at just the right time, than a serious discussion about the pros and cons (What cons, right??). That time was some time ago. It certainly isn't cheap now.

    SM
    Oct 29 02:06 PM | 4 Likes Like |Link to Comment
  • REITs To Hold Forever, Most Likely [View article]
    Exactly my sentiment Mr. Valueplay98. Why own an REIT, if the dividend rate is as abysmal as most of these? I can get equal or near equal returns with solid dividend growth stocks. It makes no sense. The greater reward is not enough to compensate one for the risk one is taking with these REITs.

    SM
    Oct 24 09:30 AM | Likes Like |Link to Comment
  • 8 Income Stocks Bringing Joy To Their Investors [View article]
    DGI, this is indeed a strange article. The title certainly doesn't match the analysis. From your analysis, most of these stocks aren't likely to be bringing much joy to their investors. From dividend too low to dividend growth rate too low (or nonexistent), I don't understand the purpose of this article. I see no investible information here.

    SM
    Oct 22 10:00 PM | Likes Like |Link to Comment
  • My 2-Part Margin Of Safety For Dividend Growth Investing [View article]
    For quality of data, amount of good, hard information and clarity of writing, this article beats anything I have read on the so-called professional financial websites in many months.

    This is a true gem. Please keep 'em comin' sir.

    SM
    Oct 21 09:51 PM | 3 Likes Like |Link to Comment
  • Demystifying The 'Dividend Illusion' [View article]
    You have given us an excellent portrayal of the difference between someone prepared to manage his/her own portfolio and the average retiree, who really wants little to nothing to do with it. Rather be golfing, fishing or doing something else. That's fine. Managing retirement isn't the right thing to do for everyone.

    But it is for some of us.Truth is, there are some of us who do not trust "professional" money managers for exactly the mentality found in this "academic" article. They can't think outside of the academic box, in which they grew up.

    When I read something like this, I can't help but worry for all those who thinks that this guy has all of the answers. He's Ivy League, after all.

    SM
    Oct 20 10:00 PM | 2 Likes Like |Link to Comment
  • Still Troubled By mREITs? 9 More Double-Digit-Yield Alternatives [View article]
    Nice article, but I think I'll stick with the REITs, after looking at this "explosive" list.

    SM
    Oct 20 09:47 PM | Likes Like |Link to Comment
  • Get Your Dividend Growth 'Off The Grid' - In Canada [View article]
    Thanks. Now I have to ask myself, Hey self, "Why do I want to own a Canadian bank again?" Anyone see a good reason?

    SM
    Oct 18 08:22 PM | Likes Like |Link to Comment
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262 Comments
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