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A regular guy (still alive from New York!) who shows how he would manage a model (not actual) portfolio for educational purposes only, my personal finances are my own business and the disclosure statement is only for the portfolio we are discussing (if an asset is held personally, I will note that in the disclosure). I give absolutely no advice, and only offer suggestions on how I could manage a portfolio. My personal portfolio and finances can change at any time, which has nothing to do with the educational value of any article.
The main reason for a subscriber to "Follow" me, especially for the model portfolios (TARP or otherwise), is to glean some knowledge to become a better investor and not simply place bets. Money management is every bit as important as any other aspect of investing, and by following a portfolio and the actions taken, you can gain some insight into a somewhat higher level of investing acumen. There are no requirements, and this is not "rocket science" - it is simply a powerful way for you to put the money you have worked hard for to work even harder for you. My message will be consistent, and my hope by doing this is to share my own experiences, illustrated in the model mock portfolios I build exclusively for Seeking Alpha. Knowledge is power, and many folks shy away from the investing world because that very world makes it more confusing each and every day in an effort to sell you something: stock picks, technical strategies, books, videos, subscriptions with "secret ideas," gadgets, and even snake oil. My promise to you is that my work here will remain free to all of my followers, with the hope of giving to you some of the things that took years for me to learn myself.
09/30/98: Started newsletter Explore Portfolio with $100,000. By 12/31/18 that portfolio, with 60% stocks reached $903,451, a 12.1% APR. Better performance with far less risk than 100% in S&P500. ---------
More at http://kirklindstrom.com/Newsletter.html ---------- 2017 Market Timer of the Year ------------------------------------------------------
Starting as a summer intern in 1978, Kirk worked for 20 years as a scientist and engineer at Hewlett Packard's research and development department (R&D) designing solid state devices and components for optical communication. While he was at HP, Kirk invested ten to twenty percent per year of his salary. He made some mistakes early on (starting with paying high fees for "expert" advice that under performed) but soon he learned to invest his own money well enough to afford a life of "semi-retirement" to work for himself. In a way, since leaving HP in 1998, Kirk became his own "angel investor" using his his own money and investing success to finance his lifestyle in Los Altos, California to invest in a new career on the internet helping others do the same. More at http://kirklindstrom.com/About.html
Sure Dividend helps individual investors find high quality dividend growth stocks with strong competitive advantages suitable for long-term holding.
To this end, we created our Seeking Alpha exclusive service Undervalued Aristocrats. Undervalued Aristocrats finds the safest dividend growth stocks trading at undervalued prices. Click here to learn more.
Time management is important, and requires I limit hours spent here. For the convenience of others, I conclude my 1st comment with “uncheck:Xhrs”, and extend it if/when I post additional comments. This avoids time wasted on nonsense, off-topic discussions, and some arguments with zounderkites. I also reply to private messages.
I update my Profile following each quarter's end--below is my Q1-2018 update.
My journey as a self-directed investor (SDI) began 45 years ago (1973), and resulted in financial independence at age 52. I retired early the following year (Feb 1995). This year marks 23 years retired, and age 76. Thus actuarially, my retired years should exceed my working years.
Generally, the younger one retires, the greater the risk (and embarrassment) they might have miscalculated, and outlive their money. Fortunately, that is not among our concerns. Even including 2 major recessions, and now 7 years of significantly increasing annual RMDs, my IRA's market value increased by over 400%, whereas inflation increased 64%--this not braggadocio--only an illustration others can do at least as well IF they are willing to defer immediate gratification (spend less to invest more), to ensure future financial independence. Joyce and I long ago met our wealth accumulation goal, and moved to preservation. Our primary financial metric is now net worth.
At SA, my comments are limited to my IRA, which is 1 of our 5 portfolios, and the most actively managed. Dividends paid to my IRA equals twice our basic annual living expenses for food, clothing, shelter, taxes, transportation, entertainment, and insurances (but excluding our variable expenses for travel and generous gifting).
For 45 years, I’ve invested for total return. As a retiree, I invest more conservatively for growth & income. I now limit myself to dividend-paying companies, REITs, EFTs and recently a few CEFs having "level distribution plans". My IRA is tilted defensively compared to the allocations of most in wealth accumulation. OTOH, I’ve recommended our 20-something grandchildren tilt their allocations heavily toward greater growth until they actually need retirement income--there is little advantage to younger investors who settle for reduced total return so as to obtain income they don’t yet need (and for taxable accounts dividends are a significant drag on relative performance).
As I now invest for the benefit of our 2 children, 3 grandchildren, and soon great-grandchildren, I need more exposure to pure growth for greater total return, and thus the ETFs/CEFs holding pure growth companies offer greater total returns and diversification, and will become the dividend-payers of future decades.
2018 OBJECTIVE: PREPARE FOR ‘AUTOPILOT’
Recent hospitalizations are a reminder my body is aging faster in my 70s than in my 60s and 50s. Although I'll continue to enjoy active portfolio management for at least a few more years, prudence requires I proactively prepare for the eventuality of a more passive management either because I lack interest or capacity, or I'm no longer looking down on sod. Thus by mid-2018, I'll have completed actions that can be tweaked a few times before ‘autopilot’ is required.
I SEPARATE MY IRA INTO 2 SUB-PORTFOLIOS
My CORE PORTFOLIO constitutes about 70% of my IRA by market value. It focuses most of its allocation to lower beta companies in defensive sectors, and having economic moats--Consumer Staples, Utilities, Healthcare, and Telecoms). They tend to be 'slow-growth', and are often referred to as 'bond-substitutes'. Generally, I exit these positions only if I lose confidence in the BoD and management. Dividends and share buybacks compete as means for companies to deliver excess capital to shareholders, and the defensive sectors tend to favor dividends, which over longer periods, tend to produce generous total returns (even when the share price return is periodically mediocre).
My OPPORTUNISTIC PORTFOLIO (with a few exceptions listed below), contains my cyclicals. By definition, the earnings of (most) cyclicals are heavily influenced by the economy. In periods of economic expansion, they generally outperform my Core positions, and the opposite during economic contraction. Therefore, over time, I expect some of these positions are likely to move to my Core portfolio, and some growth companies in ETFs/CEFs to exhibit Core portfolio attributes (for example, I don't expect Amazon, Google, and Home Depot to under-perform Consumer Staples in future recessions).
For ETFs and CEFs, I've listed the top 5 holdings.
Consumer Staples (4):
UTG (Charter Comm.; Next Era; DTE Energy; Comcast; American Water)
Consumer Cyclical (2): These cyclicals not economically sensitive
XLY (Amazon; Home Depot; Comcast; Disney; Netflex)
ITA (Boeing; United Tech; Lockheed; Raython; General Dynamics)
XLI (Boeing; General Electric; 3M; Honeywell; Union Pacific
Real Estate (3):
Multi-Sector ETFs (1):
SPHD (Iron Mountain; Welltower; Phillip Morris; Ventas; PPL)
Total CORE Portfolio Positions = 31
Resorts & Casinos (1)
AMLP (Energy Transfer; Enterprise Products; Magellan Midstream; MPLX; Williams)
Information Technology (5):
BST (Apple; Alphabet; Microsoft; Amazon; Facebook)
XLK (Apple; Microsoft; Facebook; Alphabet; AT&T)
Financial Services (6):
XLF (Berk Hathaway; JP Morgan; Bank America; Wells Fargo; Citigroup)
Multi-Sector ETFs (2):
CII (Apple; Alphabet; JP Morgan; Microsoft; Bank of America)
EEMV (Taiwan Semi; Tencent; PT Bank; Public Bank; Bank of Chile)
Total OPPORTUNISTIC Portfolio Positions = 17
Ben Graham said: “Investing isn’t about beating others at their game [beating the market]. It’s about controlling yourself at your own game".
There are hundreds of voices competing for our attention. Often those shouting loudest have the poorest records. The 4 primary voices I listen to are data-driven, and publish weekly (or thereabouts):
Jeff Miller's Weighing The Week Ahead;
Fear & Greed Trader's S&P500 Update;
Chris Ciovacco's CCM Market Model videos; and
Patrick J. O'Hare's The Big Picture (at Briefing.com).
(That doesn't mean not reading contrary opinions.)
Thank you. I hope you found enough worthy your time expended.
IT'S A GREAT LIFE (and far more about family than investments). I've had a truly unbelievably awesome ride, including riches truly beyond my dreams!
I am an individual investor and the author of seven eBooks on dividend growth investing. I try to help self-directed individual investors profit from stock investing. I contribute articles and studies to both Seeking Alpha and Daily Trade Alert. I hold an undergraduate degree in physics from Holy Cross College and a JD from Georgetown University. My wife Sue and I live in beautiful Canandaigua, NY.
Retired Pharmacist. Call me RoseKnows enough to know I need to keep learning and keeping a great dividend paying nest egg growing upwards. I also enjoy total return, but it is not my primary goal, it just happens to follow when buying great quality companies.
My 93 stock portfolio is listed here by sector, largest holding by value is listed first. Updated 5/20/2018.
Consumer Defensive (16): PM, KMB, KO, GIS, MO, DEO, PG, SJM, TGT, HSY, PEP, MDLZ, CVS, BUD, CL, KHC. -
Consumer Cyclical (4): HD, MCD, GPC, NKE,
Healthcare (8): JNJ, ABBV, PFE, CAH, AMGN, BDX , MDT, - a bit of CELG- the only non-dividend payer.
Energy (9): XOM, OXY, RDS/B , VLO, AMZA, CVX, NGL-b, TGP-b, AMLP
Tech (4): CSCO, INTC, ADP, IBM, --
Industrial (6): BA, LMT, CMI, MMM, UNP, CVA.
Financial (12): MA, V, NRZ , AJX, CHMI, RA, SLD, BXMT, CIMpB. PMTpB, MET, ABR.
also financial BDCs (5): NEWT, MRCC, TPVG, GAIN, ARCC
REAL ESTATE or Real Estate Investment Trusts (REITs) = Equity REITs:
Healthcare (4) : OHI, VTR, SBRA -- MPW -
Misc (11): WPC, SPG, DLR, STAG, SKT, KIM, CORR, IRM, EPR, KRG, UNIT- a nibble
(2) Reit Preferred : WPG-H. - CBL-d
Telecom (3): VZ and T - BCE (Canadian).
Utility (9): D, SO, XEL, MGEE, WEC, DNP, LNT, a nibble of SCG hoping to get more shares of D from it. some DCUD which is limited and will also give me shares of D.
DNP is a CEF which predominately holds Utilities.
I belong to the paid subscriber service of The Fortune Teller and Trapping Value- called " The Wheel of Fortune"
Get a Free pdf Download of the Book by Lowell Miller
"The Single Best Investment"
First, the good stuff. Here's my 46-stock portfolio ...
+++Consumer Discretionary (4): HD, MCD, NKE, SBUX
+++Consumer Staples (12): COST, CVS, GIS, HRL, KHC, KO, MDLZ, MO, PEP, PG, PM, WBA
+++Energy (3): CVX, KMI, XOM
+++Financial (1): MAIN
+++Health (4): ABBV, AMGN, GILD, JNJ
+++Industrial (4): BA, HON, LMT, MMM
+++REITs (5): HCN, NNN, O, OHI, VTR
+++Technology (5): AAPL, MA, MSFT, QCOM, V
+++Telecom (3): BCE, T, TU
+++Utilities (5): D, NEE, SO, SRE, WEC
+++ALSO: small stakes in 25 additional companies held in the Dividend Growth 50 portfolio (http://seekingalpha.com/article/2764265-its-new-its-nifty-its-the-dividend-growth-50): ADP, AFL, BAX, BDX, CAT, CL, CLX, COP, DE, EMR, GE, GPC, HCP, HSY, IBM, KMB, MKC, QCP, SHPG, SJM, TGT, UTX, VZ, WFC, WMT. (Also small stakes in VIG, VOO and VDIGX bought the same day as the DG50.)
I also just started writing DGI articles for Daily Trade Alert. Here is a link to my page at that site: http://dailytradealert.com/author/mike-nadel/
Now, a little about me:
I am a 50-something former sportswriter who was sent on a permanent vacation during the Great Recession. That sucked, but my story is not a sad one. Unlike many folks who lost their jobs, I am not in financial distress, I am not depressed and I am not bored.
My wife is a pediatric nurse with a bullet-proof job and decent benefits. So after supporting her and our two kids (now grown) for most of three decades, the least she can do is support my semi-retired keister!
Because of Roberta's job situation, because we have zero debt (not even mortgage debt), because we no longer have any dependents and because we have been pretty diligent savers over the years, we are comfortable (though nowhere near rich).
Although we hold some funds, bonds and cash, my investing philosophy leans heavily toward Dividend Growth Investing. By early next decade, we want to live entirely off of our income stream, Social Security and pension payments - and therefore will not have to spend down the principal one iota. To accomplish this, we invest mostly in blue-chip companies with long track records of growing dividends. As of early-2018, we are well ahead of pace to reach our goal.
When not researching investments and writing for Seeking Alpha, DTA and other Web sites, I am the assistant women's basketball coach at Charlotte's Ardrey Kell High School, one of the best schools (and basketball programs) in the state. I just wrapped up a 4-year stint as the middle school head coach at Metrolina Regional Scholars Academy, where we won conference titles my last two seasons as part of our 34-4 record. I also umpire youth baseball and referee youth basketball.
My wife and I dote on our 7-year-old pup, Simmie, and keep up on the doings of our now-grown kids, Katie and Ben. And we love to cheer on the basketball team of our alma mater, Marquette University, where we both majored in Journalism. Go Golden Warrior Hilltopper Avalanche Eagles! Also big fans of the Carolina Panthers.
I still occasionally post to the blog I initiated in 2007 -- lots of sports stuff, some politics, some personal junk -- at www.TheBaldestTruth.com.
Bob is retired from a career in law enforcement including more than 20 years as an instructor of Investigative Interviewing. He is a Dividend Growth investor using dividend yield from low beta stocks for income and preservation of capital. Bob has self managed his portfolio since early in 2011. He hopes to encourage discussion among those already in retirement and receiving income from their portfolios particularly those facing or about to face Required Minimum Distributions (RMDs).
Bob is a stronger believer in having developing a personal portfolio business plan. He restricts his equity investments to stocks to those with investment grade credit of BBB or higher. He believes in set percentage caps when investing in non-defensive sectors.
Bob believes it is important to invest in holdings that are recession proven.
Parsimony Research provides dividend stock research and analysis to investors subscribed to the Dividend Investors Club. The Dividend Investors Club is made up of thousands of do-it-yourself dividend and income investors working toward one common goal...generating consistent income!
Our strategy is simple:
1. Buy great dividend stocks at reasonable prices.
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Our research (which includes dividend stock rankings, online stock profiles, Buy Zones, Profit Zones, Action Ratings, stock screens, and model portfolios) will give you all the tools you need to build and monitor your own DIY Dividend Portfolio and super charge that portfolio with conservative option strategies (cover calls and cash-secured puts).
Visit the Dividend investors Club website to learn more...
On October 31st, 2014, I retired. Turned in the keys to the company car, gave them my computer and my account lists and joined the ranks of those who "slipped off into the sunset." I never thought in retirement that I would be this busy. It's fun. Time with the grandkids, time to perfect my cooking skills, and time to travel and check off the things on my bucket list. I should have done this a long time ago.
Charles (Chuck) C. Carnevale is the creator of F.A.S.T. Graphs™. Chuck is also co-founder of an investment management firm. He has been working in the securities industry since 1970: he has been a partner with a private NYSE member firm, the President of a NASD firm, Vice President and Regional Marketing Director for a major AMEX listed company, and an Associate Vice President and Investment Consulting Services Coordinator for a major NYSE member firm. Prior to forming his own investment firm, he was a partner in a 30-year-old established registered investment advisory in Tampa, Florida. Chuck holds a Bachelor of Science in Economics and Finance from the University of Tampa. Chuck is a sought-after public speaker who is very passionate about spreading the critical message of prudence in money management. Chuck is a Veteran of the Vietnam War and was awarded both the Bronze Star and the Vietnam Honor Medal.
David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and actionable advice on global ETF investing.
We particularly like the overview of financial markets that his work provides. Even if you're not a fan of chart analysis, Dave provides insight and commentary into which global markets are "working" and why.
Specializing as a market strategist and tactician, Fry focuses on evaluating, creating and implementing a variety of ETF portfolios for individual investors and financial professionals. His philosophy and approach incorporates fundamental with technical analysis in pursuit of risk management and capital preservation especially during uncertain and volatile times.
His new eBook, The Best ETFs: U.S. Equities,is now available on Amazon Kindle. Written as a cheat sheet to only the best ETFs for you or your client’s portfolios. For those that don't have a Kindle, you can purchase the pdf here: The Best ETFs: US Equities [https://gumroad.com/l/The%20Best%20ETFs]