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Strategies & Market Trends : Dividend investing for retirement

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To: lizardK who wrote (29382)6/2/2018 1:12:10 PM
From: JimisJim1 Recommendation

Recommended By
rnsmth

   of 34328
 
You hit upon a saying that Chowder used to post frequently during his swing trading days: "stocks are like any other product where price is significantly influenced by supply and demand..." he was referring to looking at price charts and daily/weekly volume on all major turning points and would set his supply and demand prices accordingly... if there are unusual big down volume days on a stock, like anything else, there is tremendous downward pressure on the share prices.

I am grateful I kept my DGI/income PFs focused on my "rules" for inclusion -- TIS never passed my screens for adding or establishing new positions... fwiw, my wife legged into a full+ position in IP last month as is getting juicy divvy for a boring stock as well as very lucky timing in that it has gone up substantially since she ended her buying (she took 6 mos. to build the position)... I'm looking hard at KMB (which I once owned but sold when the share price outran the divvy)... not sure about it here, but remains on the watch list for my wife -- at this point in my distribution phase, restarting a position in KMB does not compute for my PFs, but I am more focused on current income now (12% ave. YOC) while my wife has mostly conservative/defensive plays... even though retired, etc., we are acting as if she were still in accumulation phase because we're still working on putting the rest of her cash horde to work and are still "buyers" for her IRAs.

As chowder says: make a plan, then work your plan, period...
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