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Dividends & Income
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Retired 12 years. Been investing in stocks since 1973. My first buy ever was IBM.
Today I keep a list of 80 to 100 stocks that I update when a quarterly report is available and constantly look for new ones to add. The list gets pruned when Quarterly Reports are read. I collect 14 pieces of info that I use to calculate a metric for each so I can weight them in a meaningful way. From this list I select 45 that I watch and update daily to calculate and chart RSI, STOC, MACD, Confidence bounds, and my own signals. This is automated via 2 spreadsheets, which I started writing in 1999, that share data. I just have to push the button and the charts are available. From that watch list of 45 I choose 25 to own at any
given time. Those 25 are tracked on my portfolio spreadsheet, yea a third workbook, which calculates how many shares to buy or sell each day and if the cost of a trade is less than 0.1% of the value of the trade. You do need to keep your costs in control. So as prices change the portfolio balances according to the weighting I calculate in the master list. It also flags me if a position gets outside the 2.5% to 6% limits for percent of total funds. I work to be diversified across industries and geographies. Currently 40% of my portfolio are non-US companies. My overall 2013 projected Dividend yield is 6.27%, but will change as the year progresses. I withdraw money as needed from the account but do not keep much cash in the account. I try to always be fully invested but there are those times I sit on cash waiting for price or waiting for an option to expire or execute. I sometimes sell puts to enter or re-enter a position. The account is an IRA and is my only savings and major source of income. SS is the other source of income but doesn't amount to much with 2 of my children still in college. And yes, I'm paying their way.
The most important thing I learned in all these years of trading is that I don't know squat! Make the best plans and strategies you can and expect to be wrong.
I day traded for the first 3 years of my retirement. That taught me that the moment I notice the trade isn't going as I expected I had to get out. 4 out of 7 trades I entered I got out of quickly. Some would have turned out great, but you can not take that chance. The 3 of 7 I'd let run until the technical indicators signaled that it was time to sell. I doubled my savings in those 3 years, quit day trading and never had the ambition to do it again. It was intense.
Dividend stock ideas & income, Foreign stocks, Options, Retirement savings, Stocks - long
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