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Strategies & Market Trends : Dividend investing for retirement

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To: chowder who wrote (6384)11/12/2010 7:06:19 PM
From: E_K_S1 Recommendation  Read Replies (1) of 34328
 


My thought exactly. I see a lot of dividend paying stocks as many separate streams of income similar to a lot of little hoses filling up a bucket. If you lose one hose, the bucket still fills up with water.

I owned BOTH Washington Mutual (now $0.08/share) and Citi Bank ($4.27/share). Both at one time paid excellent dividends but neither pays anything now. These hoses to my dividend bucket are no longer.

I have built up my paying dividend positions to around 90. That's why I limit my largest position to 6% of the portfolio. Most only represent 2%.

I will have to look at what percent of my dividend income is generated from each position. I suspect that the recent additions of preferred stocks and MLPs are the largest contributors.

EKS
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