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Strategies & Market Trends : Dividend investing for retirement

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From: TigerPaw

10/3/2014 7:17:55 PM

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I recently rolled over a 401K to an IRA which means it was just a wad of cash a couple weeks ago.
My goal was to create a diversified, dividend paying portfolio.
I started buying on Wednesday. Below is the result of this weeks buying. I am interested in opinions as to whether it represents a good retirement vehicle. I still have some cash to modify the mix if necessary.

symbol

sector

shares own

original goal

APU	Energy	2250	2500
BCE	Communications	1000	1000
ED	Electric Utility	800	800
GOOG	Technology	50	0
HCP	REIT / Health	500	1000
JNJ	Healthcare	200	400
MCY	Insurance	500	1000
MMM	Capital Goods	200	200
SYY	Retail	500	1000
TGT	Retail	500	800
UNP	Rail Transport	200	300
WFC	Financial	500	1000
WMC	Speculative	1500	0

I used the "Catch a falling knife" technique to acquire the stocks, which means I put in limit orders below the current bids and waited to see if the stock would get bought. I bought half the goal at a time. If I got the half I would generally try again at a lower price. I filled out sectors to have some representation today after the market seemed to quit dropping.

Along the way I picked up a speculative play (WMC the jury is still out) and Goog as I didn't think my original sectors had enough technology representation (I originally rejected it as it has no dividend, but ultimately included it for stability).

Should I complete my purchase goals? or am I missing something important?

TP

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