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Strategies & Market Trends : Dividend investing for retirement
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To: JimisJim who wrote (10485)12/1/2011 2:37:56 PM
From: chowder  Read Replies (1) of 34328
 
I used to own UTG and sold it during the Japan panic.

I'm not saying one shouldn't own it, but I want as few CEF's as possible. I own a few, but I don't like them. The reason I don't like them is because they are retail oriented. There isn't any financial institution support on price pull backs.

The beauty of the CEF world is that when retail buyers are bullish, the price jumps pretty good because of the low liquidity. When they start heading south, they break the speed of sound. You've got to stay on top of them because that low liquidity works against you in bear markets. I couldn't believe how fast mine were heading down. I didn't want to have to watch them every day.

Then you have to watch them for the amount of leverage they use within the fund. Leverage works both ways as you know.

In February 2012, I'll be able to move some 401K money into a traditional IRA. I'll be looking to add to some utility holdings and maybe adding another one.

I'm looking into AEP to add as a holding. I will be adding to my SO and NGG positions.

NGG is a stock priced to buy now according to Josh Peters of the Dividend Investor. He also likes WR although that one is already at fair value according to his metrics.

NGG is a company out of Great Britain and they have a division here in the States, up in the New England area. Dividends are paid semi annually on this one.

I love D, but the yields are low due to share price rising as much as it has. You'd think it was a growth stock.
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