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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (15169)	4/7/2013 9:03:11 PM
From: chowder	Read Replies (1) of 34328

I already took my profits on PSX and I'm not looking in the rear view mirror with PSX or COP. I'm looking forward and the view isn't as clear as I would like it to be. It doesn't matter what they have done, I've been rewarded for that. Looking forward it looks like COP has lost their dividend increase string and it doesn't look like it's going to start a new one this year. My focus is on an income stream that is reliable, predictable and increasing. COP doesn't meet that requirement at this time. That doesn't mean it won't make a good long term position, it simply means it doesn't support my objective at this time. Therefore, I will look for a company that does. It all comes down to what your priorities are and mine is dividend growth. I sold all of PSX and will look to sell all of COP. We make buy and sell decisions all the time. I've been at this long enough to have confidence in my decision making process. If I'm wrong, I'm wrong, but I will stick with companies as long as they support my income goals. If not, I don't justify holding, I sell and move on. I will come back to COP at a later date, if things work out for them.

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