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WallstreetPete

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AAPL, ADP, AFL, BF.B, BP, CSCO, CVX, DVY, FB, HPQ, IBM, INTC, JNJ, KO, LMT, MCD, MO, MSFT, NLY, NSC, O, PAA, PG, PM, RDS.A, SPY, T, UNP, UTX, V, VIG, WAG, XOM
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  • Let's Talk About The Nifty Fifty And Dividend Growth Investing [View article]
    "Seriously, how many Seeking Alpha readers underperformed those numbers?"

    The odds are the majority have underperformed the market, based on a multitude of academic studies. Your results may vary. Most professional money managers underperform the market. We are human. The market is in a 5 year bull run. We all feel like smart investors right now. From what I read, what will make or break us is what we do when the economy hits the next recession that matters the most.
    Oct 1, 2014. 03:49 AM | 2 Likes Like |Link to Comment
  • Let's Talk About The Nifty Fifty And Dividend Growth Investing [View article]
    I have to say that this has been a terrific article and ensuing discussion.

    The passions of people on each side of the arguement really comes across and can really cloud some judgements. Varan's decision to arbitrarily choose a different date for the S&P and then include dividends only in the returns of the S&P but not the nifty fifty really illustrates his bias in a very clear way. His need to be right and to be justified in his stance that indexing is superior has forced him to choose some different stats than the article.

    Very interesting to see someone's opinion of what today's nifty 50 would be. I lost some respect for the list when I saw Facebook on there. I only own 5: XOM, PG, KO, CVX, WFC. Fortunately I've got another 30 years (god willing) to invest and buy a bunch more of them!

    Great article as usual Mike.
    Sep 26, 2014. 11:12 PM | 4 Likes Like |Link to Comment
  • Exxon Mobil Is A Solid Dividend Champion To Consider For Long-Term Investing [View article]
    "So, the message in my opinion, isn't what XOM has done over a decade but what XOM has done since it bottomed in 2010"

    Really? The message is what this company has returned to shareholders for 4 years? Not for decades? Not for 32 years of consecutive dividend increases?

    Interesting time choice which seems to coincide with when you decided to invest. Irrelevant message, unless an investor happened to purchase XOM the same time you did. Fortunately I purchased MO instead at $19. But I am actively adding more XOM monthly.

    The only people who seem to hate XOM have a short memory and a short investing time frame. I don't.
    Sep 18, 2014. 02:56 AM | 1 Like Like |Link to Comment
  • Exxon Mobil Is A Solid Dividend Champion To Consider For Long-Term Investing [View article]
    "XOM...has been a generational investment but sorely disappointed."

    What exactly has disappointed you? 10.3% return over the last decade? Extremely safe. Solid dividend growth. A buyback program that actually reduces the outstanding share count. Your decision is to say that buying COP, which Buffet sold at a loss and purchased XOM was foolish. I'm betting you are wrong; both with my words and my additional purchase this week at $97.44.
    If you were looking to exit why on Earth did you not sell at $104? The demise of oil and XOM are much exaggerated.
    Sep 18, 2014. 02:51 AM | Likes Like |Link to Comment
  • Philip Morris: 2014 Dividend Increase [View article]
    I think you are making the mistake of chasing last year's returns in this stock trade. MO has had a huge run up the last year. PM has remained flat due to some headwinds. Buy when great companies have bad news and head winds, not when everything is rosy and its just had a huge run-up. Investors trust PM and as soon as they show any sort of sustained growth in earnings over 2 quarters, the stock will jump above 100, while MO has already had that run-up after a year of mostly flat. Hold them both and sell any other stock to buy these two. You won't regret it.
    Sep 17, 2014. 02:35 PM | Likes Like |Link to Comment
  • Altria's 2014 Dividend Increase [View article]
    A man after my own heart. The two stocks I am adding the most each month currently are MO and UNP. UNP will be my largest holding in a few months and I am Fripping all my divvy's in my ROTH into MO until it is the same size as my PM holding (and maybe longer).
    Aug 26, 2014. 01:45 PM | Likes Like |Link to Comment
  • Procter & Gamble: A Reliable Dividend Machine To Hold Forever [View article]
    I gotta agree with John here. 3% dividend and little debt. Those are two nice things but I really want to see growing earnings and a growing dividend, a history of successfully growing the business, good valuation, good management, a company that can't become obsolete by being out-invented (ie technology companies, landline phone company). Hopefully there is more to his simplistic plan than those two things. For example a 3% dividend that barely grows will only match inflation.
    Aug 8, 2014. 11:45 AM | 2 Likes Like |Link to Comment
  • Reynolds American's $23B Slap In The Face A Good Chance To Buy Philip Morris And Altria? [View article]
    I read have read these exact same comments about Tobacco ever since I bought MO four years ago for $19.78 a share. I read a 30 year shareholder of MO who said he had been reading about the decline of smoking rates in the US since 1982. I continue to read about them. I continue to ignore them. I continue to have very solid returns from both MO and PM.

    RAI worst case according to an expert I read will end up paying something like $16 million after the supreme court of FL review it. They won't pay anything close to 23 billion.
    Jul 24, 2014. 01:50 AM | Likes Like |Link to Comment
  • Silly Rabbit, Dividends Do Matter In Retirement [View article]
    Microsoft paying $8 billion for Skype was a fun one.
    Jul 22, 2014. 12:36 AM | 5 Likes Like |Link to Comment
  • Dividends Do Matter - Especially In Retirement [View article]
    Great answer Chowder. Great summary of some of your thought process. I guess trolls do serve a purpose if they can elicit a response like that while adding nothing of value on their own.
    Jul 22, 2014. 12:25 AM | 7 Likes Like |Link to Comment
  • Dividends Do Matter - Especially In Retirement [View article]
    You perfectly explained one of the biggest appeals of DGI in retirement. It is also very tangible and you can calculate and predict within some reason of certainty your income and increases for the year. You can sit down and do a budget of your expenses and compare it to your income and once they are the same you can begin to consider semi-retirement. I have no idea what that number will be but barring physical/health limitations, I have no desire to ever completely stop working, but I look forward to the day I will work because I want to not have to.

    The thought of having to sell my MO shares to make my expenses is indeed stressful. Good thing they keep growing that dividend.
    Jul 18, 2014. 07:06 PM | 7 Likes Like |Link to Comment
  • Dividends Do Matter - Especially In Retirement [View article]
    "Since the DGI people generally characterize (actually denigrate, in their mind) everything that is not active DGI as MPT, any attempt to make any generalization about portfolios based on that specific version of MPT is doomed to be unsuccessful. "

    I have been here for a few years and I have not found this to be the case or anything close to it.
    The beauty of DGI and MPT is that, given enough time, you will make a lot of money if done correctly. I think it's funny how many so called DGI "Zealots" invest in stocks that don't fit the typical criteria ie APPL pre dividend, ROST, V, MA, UNP and on and on. Investors are people not a category.
    I am forced through my 401k to invest only in funds so the majority of my money is indexed and it has done quite well over the last 5.5 years as have my DG stocks. I like having both methods because if I happen to be wrong about one of them, the other one can act as an insurance policy. So far its been a bull market so they have both done great.

    The one thing I am accomplishing is minimizing fee's. So there's that.
    Jul 18, 2014. 06:44 PM | 4 Likes Like |Link to Comment
  • 7 Dividend Stocks I Purchased For The Long Term [View article]
    Why do you need to add a lot of tech sector? Warren Buffet has traditionally avoided tech stocks and I have followed suit for one big reason: your technology product can become obsolete very quickly. One hot new amazing invention can significantly damage your companies earnings and it is up to that company to stay ahead of the game and continue to create new inventions. That is not to say you can't make a lot of money in Tech stocks. Big Pharma has a similar problem, you always have to create new drugs because in time the generics will really hurt the profits of a specific drug.

    Perhaps it is my conservative investing nature to avoid these stocks as well. Oil companies, cigarette companies, PG type companies, KO, railroads...they are simple profitable businesses.

    But your statement "I need to add a lot of tech sector" is an interesting one. I am of the opinion there is no single sector that an investor must be in. Especially if you don't understand the investment (which is why i sold my REIT's and MLP). Perhaps i'm missing out on some great investment, but at least I understand the companies I own.
    Jul 18, 2014. 03:12 PM | 1 Like Like |Link to Comment
  • Dividend Investors Will Make Money Even If The Stock Market Closed For 10 Years [View article]
    There is one very large difference between Gambling in Vegas and buying stocks or the stock market. The stock market gives the investor the house advantage because the market has always gone up (let's stick to the dow jones for this example). So while you can play "perfect" blackjack and the house *only has a 1.4% advantage (something close to that), the stock market gives us the advantage. Time is not on your side when gambling. Time is on your side when you buy and sell stocks.
    I actually am kind of looking forward to my first loss so that I know how it can feel and I know how I can react in a healthy way, hopefully minimizing losses. But then I will also know how it feels to really buy a clunker and be wrong. I started buying my own individual stocks back in July 2010 and the market has done so well that all my current holdings are up, many significantly. But I know I am not that smart to be 10 for 10 when buying stocks. I have been very lucky with the timing and investing during a bull market. But I do feel somewhat mentally prepared for the next crash because I do get excited when prices are down and don't look to sell.

    I think the real challenge for me will be when a company's earnings start falling as a result of the recession because I tend to watch earnings for my decisions more closely than I follow stock price.
    Jul 18, 2014. 02:58 PM | 2 Likes Like |Link to Comment
  • Dividend Investors Will Make Money Even If The Stock Market Closed For 10 Years [View article]
    Bravo, well said. Very well said. *applause*
    Jul 17, 2014. 10:57 PM | 3 Likes Like |Link to Comment
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