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Strategies & Market Trends : Dividend investing for retirement

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To: chowder who wrote (5647)	8/31/2010 3:55:14 PM
From: chowder	Read Replies (1) of 34328

Re: Portfolio Forensics ... I enjoyed that article! It was spot on as far as the strategies I am using. He mentioned BP. I didn't drop BP right away. They declared the dividend, therefore I was expecting them to follow through. It was only after a face to face with our current administration that BP decided not to pay the dividend. It was at that point I cut my losses and went in another direction. I have replaced my BP with CVX. I have held WFC since the last quarter of 2008 and had a profit in it. I decided to sell it earlier this month due to the low dividend. I decided to put the proceeds somewhere else where I could generate more income. If WFC decides to start raising their dividends, I will get back in. I'm not concerned about share price. I'm concerned about a steady, reliable and increasing flow of income. If I have to pay up for that increasing flow of income, so be it since I don't want to sell my positions anyway. I bought SO and ABT with the WFC proceeds. Another adjustment I made was with TOT. I owned TOT in an IRA and that was a mistake. TOT withholds 25% for foreign tax and I couldn't recoup any of that on my tax return. So, in essence, the dividend wasn't as strong as I initially thought when you looked at net dividend. So, even though I was happy with TOT as a position, I sold it and replaced it with RDS.B which doesn't withhold foreign taxes and has a similar high dividend as TOT. Other adjustments I will look at going forward are if the Bush tax cuts are eliminated --- I will look to hold my higher yielding positions in a tax deferred account, therefore limiting my taxable income and hold my lower yielding, high dividend growth plays in the taxable accounts.

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