Two/three weeks ago, I'm flitting around, and came on a comment stream on Seeking Alpha, where one
of the posters had come to SI to check it out. On their return to SA, said poster stated that on SI, it looked
like a bunch of newbies. It was at that moment I knew I would be posting this.
There are differences between mine and David Van Knapps portfolios. You can no longer look back at
Davids, as each month is wiped away with the posting of each new month.
His record is 12 years 10 months old. Mine is 11 years and 3 months old.
David is strict DGI. Income is income to me, preferreds, baby bonds, CEFs, etc.
Imho, contrary to popular belief, there is nothing special about income steadily rising, except in ones mind.
New RMD at 72 years old is 3.65%. Davids current portfolio yield is 3.3%, so the average person with the
same portfolio will have to sell something in their first RMD year, cutting their income the following year.
I'll have no such trouble, with lots of cash and non dividend paying stocks I can sell, while continuing to
grow my income.
Some will say that he could stop reinvesting the year before, but a years worth of dividends won't be enough,
will stop income growth, and fail to hold off the inevitable.
Newbies? lol! Just because we don't need someone to hold our hand?
David Van Knapp portfolio from June 1st 2008
YOC 10.9%
Returns
+230% DVK Portfolio
+268% S+P with dividends reinvested
$274 Cash
__________________________________
My portfolio from Jan. 1st 2010
YOC 12.10%
Returns
+381% My Portfolio
+324% S+P with dividends reinvested
$532,168 Cash and non dividend paying stocks |
