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smlaker

smlaker
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  • Clorox: Not Recommended For Investment [View article]
    Rich, I am long CLX and I agree. While I wouldn't buy more now, it is a core holding, and I am not going to sell based solely on valuation or any written article, unless perhaps that article comes from the CEO. If I did that for every core holding someone on this website insists is now overvalued, I would be mostly in cash, or oil/mining stocks and I can't afford to do that.

    And, if it isn't good for investing, well, I still use their spray cleaner for cleaning toilets; at the insistence of my wife :).

    SM
    Nov 11, 2014. 12:42 PM | Likes Like |Link to Comment
  • Dividend Champions For November 2014 [View article]
    Mike, I'm just ignoring it, meaning the currency issue. At least for now. The dollar won't remain strong forever, although as long as the rest of the world is teetering on the brink of a recession, it may take a while for it (the U. S. dollar) to begin its inevitable decline.

    In the meantime, these are among the best run financial institutions in the world, and they are where I would prefer having the "financial" allotment portion of my portfolio.

    I know that's not much advice, but I am not selling, as long as the fundamentals of the companies themselves do not change. We both knew when we bought that the U. S. dollar could rise, and I accepted that risk. My positions are 1/2 positions, split among BNS, CM, RY and TD equally, for a total of 2 positions.

    Regards,

    SM
    Nov 2, 2014. 05:16 PM | 4 Likes Like |Link to Comment
  • I Am Retiring And A DG Portfolio May Not Provide Enough Income. [View article]
    Before you ask, yes, I read your full article; no, I haven't read all of the comments. I did read enough of them to find out that you're not going to get a lot of sympathy from this forum. Very, very few of the people here are sporting a million dollar portfolio, including those who are retired or, as you say, on the brink of retirement.

    And, while I can identify with your not having a defined retirement plan, I think that social security should help to fill in any gaps you might have. If you're too young to take SS, then maybe you should rethink your early retirement plan.

    Finally, spend down your principal, if needs be, and rethink what it is you will do in retirement.

    I know I won't be living "high on the hog", but then, I haven't lived that way while I was working, either. I drive a 14 year old car. I just bought it to replace my 17 year old car, which was "shot", as they say.

    I give a lot to charity, spend a lot on children and grandchildren (while I am alive to enjoy them enjoying it), and carefully spend what is left over, and I won't have quite what you are looking at when I retire in a year or so.

    Still, it will beat working until I drop dead at my desk, as some of my colleagues have done, quite literally.

    Good luck, whatever path you decide to take, and lighten up. Most of us will tell you that you're in pretty good shape, and would change places with you (financially that is) in a heartbeat.

    SM
    Oct 29, 2014. 08:52 PM | Likes Like |Link to Comment
  • Oil Companies Sensitive To The Oil Price Decline And Those That Are Not [View article]
    Underwhelming. This didn't even scratch the surface regarding many, many more dividend paying oil stocks. COP?
    Oct 22, 2014. 09:50 PM | Likes Like |Link to Comment
  • The Bloggers' Dividend Growth Portfolio: Popular Dividend Growth Stocks Trading On U.S. Exchanges [View article]
    Hmmmmm. More people own MCD and KO than any other dividend stocks (top two). Ugh!!! So much for accuracy.

    SM
    Oct 22, 2014. 08:14 PM | 2 Likes Like |Link to Comment
  • Petmed Express declares $0.17 dividend [View news story]
    The end of the road for me. Multiple earnings misses, followed by missed dividend growth for two quarters tells me there are better options out there.

    SM
    Oct 20, 2014. 01:51 PM | Likes Like |Link to Comment
  • My Vision Of What The 'Perfect Retirement Portfolios For Dummies' Might Look Like [View article]
    Amen doctor. My experience exactly. I am holding a few "corporate shells"; companies that went bankrupt, the stock went to zero, and Fidelity still carries them on my books, because the "shell" is still a corporate entity.

    My point is that they sit there, a stark reminder of the days when I tried chasing growth in small cap and microcap stocks, which were supposed to be the "next hot thing".

    Not to mention my days of sub-par mutual funds, silver bars, etc.

    Now I follow DGI and SWAN (sleep well at night).

    I may not hit that ten-bagger, but I still wish I had started this earlier.

    SM
    Oct 12, 2014. 03:10 PM | 13 Likes Like |Link to Comment
  • Surviving A Worst-Case Scenario To Become A Dividend Growth Investor [View article]
    Nicholas, I don't view this as a website for "professional investors". With very few exceptions, you being one of them, the "Seeking Alpha" Community is comprised of a group of amateurs, leery of having someone else manage our money during or nearing retirement (think annuity), yet having enough experience to be pretty good "buy and monitor" investors with a little help from our more-experienced friends.

    If you criticize Mike Nadel's approach, it is because you are far more advanced, as it clearly appears you are from your posting. So, if this adds nothing to your bag of tools, perhaps you should move on, perhaps to a website more suited to a person of your talents.

    I find Mike's article not only very informative, but thought provoking. I don't need tons of data thrown at me for an article to prompt me to change my behavior or rethink my approach, or give me courage, or change a "bad" habit, or improve my performance.

    This article did just that for me, even minus the number crunching. Great for an amateur author, IMHO.

    Thanks Mike N. and good luck as you iron out the wrinkles in your investment approach. I certainly know I have plenty of my own to yet wrinkle out.

    SM
    Oct 10, 2014. 01:03 PM | 5 Likes Like |Link to Comment
  • Sell General Mills And Buy Procter & Gamble [View article]
    I like Cap'n Crunch!

    sm
    Oct 5, 2014. 03:13 PM | 1 Like Like |Link to Comment
  • BTB Real Estate: An Attractive Play On The Eastern Canadian Real Estate [View article]
    Thanks. With Fidelity, I believe I am assessed an additional charge of $50 per trade for orders that have to be placed on other exchanges. That would still be cheaper than the ADR spilling over multiple days, because then I am assessed fees for each day a partial order is filled. Just too risky where it trades less than 1/3 per day of what I need, and that's assuming I get every share that trades on any given day!!!

    To be honest, it would have to be significantly off of its 52-week high, say 25% below for me to even be interested, as I will start out well in the hole to begin with.

    Thanks however for the information. I will put it on my watch list.

    SM
    Sep 7, 2014. 05:02 PM | Likes Like |Link to Comment
  • BTB Real Estate: An Attractive Play On The Eastern Canadian Real Estate [View article]
    Thanks. Always nice to learn about new prospects, especially those with real potential.

    However, thinly traded is being optimistic. I would need 3,000 shares to take even a meaningful partial position, and it seems to trade less than 200 shares/day?? I get that information from both M* and Yahoo.

    So, how do I get in, if I have further interest?

    SM
    Sep 7, 2014. 11:21 AM | Likes Like |Link to Comment
  • Social Security At 70: Always A Bad Idea [View article]
    Good food for thought.

    I'm sorry folks, but I think you're being a bit harsh on the author. I am 62, but I don't see this as any sort of recommendation for me to start SS, because I'm still working. I believe that and other things are implied in an article like this, but not always added for the sake of brevity.

    I see this as strictly a piece of mathematical evidence laced with limited statistical data so as to give one a place to start looking at how the numbers are affected by projected rates of growth vs. types of investments, etc.

    If anyone thought this was a doctoral dissertation-quality breakdown of all situations/circumstances, then I would have to "thumbs-down" every article ever written on SS, not just on Seeking Alpha.

    They all lack a full complement of possible scenarios. I think this is at least one more piece of the puzzle to file away and review, once I pull the plug, not too far down the road. Thanks for your efforts, and keep on truckin'.

    SM
    Aug 28, 2014. 03:11 PM | 18 Likes Like |Link to Comment
  • American Realty Capital: Setting The Record Straight [View article]
    Very good work. Thanks.

    I hope you're right, because I bought a bunch a short while back. While the price has slipped a little more since then, it's not enough to cause any concern . . . . . yet. Probably would be best for others to wait until it has truly bottomed, and starts back up the right side of a cup formation. Once off the bottom of the trough, minus any really bad information (most of which is likely already cooked into the price), we should see a rebound. Just beware that there is going to be a lot of resistance, as holders at a loss sell to try to recoup their losses. It may take some time for a true price recovery to manifest itself.

    SM
    Aug 24, 2014. 09:33 PM | Likes Like |Link to Comment
  • Get Paid To Wait: Value Investing And High Yields [View article]
    An interesting list, but I think I'll pass. Getting paid to wait may be OK for some, but in many cases, it will be our heirs who are still waiting. Mostly financials and raw materials and you are right, these are down for a reason. Is it any wonder they are "on sale"? Likely not. I may not live long enough to see some of these recover (or just "cover" for the first time). I'm more of the SWAN sort of investor at this point in life.

    Now, if I could just find some "mad money". Where did I leave that cookie jar????

    SM
    Aug 23, 2014. 11:42 AM | 7 Likes Like |Link to Comment
  • REIT Valuations Part 1: Healthcare [View article]
    You are so welcome. Don't get me wrong. It comes down to what phase in the employment cycle you are currently in and what your eventual goals are. I prefer the consistent income increases over the one-time capital appreciation increase touted in this article. I signed up for a Voluntary Reduction In Force (VRIF) this week, with retirement as my goal, but was turned down. Seems my "skills" are too valuable to pay me a handsome 5 figure salary to voluntarily leave. So, I will hang around work for another year, maybe.

    The point is I am solidifying my DGI portfolio, not trading for better capital appreciation. Buying MPW with its history of a substantial dividend cut and very slow growth since then just doesn't make any sense at all for me and where I am. Undervalued stocks are easy to find. Good, consistent dividend payers are not. I am at the very cusp of the distribution phase, but you may not be.

    However, having said even that, if you are younger, the miracle of compounding interest will work well for you, if you stick with a dividend growth winner like OHI, as opposed to trying to chase a little extra capital appreciation, which is what this article is all about.

    Good luck and always check the dividend history before taking that big sell and buy leap, assuming you are on this website because you are a dividend growth investor at heart, and not just a growth investor.

    SM

    Aug 23, 2014. 11:19 AM | 2 Likes Like |Link to Comment
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