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Strategies & Market Trends : Dividend investing for retirement

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To: Mannie who wrote (21209)	11/26/2014 11:41:03 AM
From: JimisJim	Read Replies (3) of 34328

<Never expected SDRL to completely suspend their divvy> You are not alone... this is why I never want any one position to be more than 2.5%-3% or so of my total PFs -- when (not if) one of my holdings gets pounded, it doesn't destroy me. In my case, SDRL was only 1.2% of my combined PFs, so not much damage today -- I'd been waiting for a divvy cut to get shares cheaper... had no idea it would be like this, but fortunately can take advantage of it, if I choose to... but I won't because SDRL broke one of the cardinal rules of DGI investing... what I have now is my one spec position I allow that doesn't follow my personal DGi rules... in which case, spec cash may be deployed, but not regular DGI investing cash/adds... I keep a small bucket for unique spec opportunities -- about 1/10 the size of my pool of DGI cash. I think many of us didn't expect JF, who lives off the divvies from his own companies, to allow complete suspension -- I think the consensus view was for a 50% cut in the divvy. Perhaps JF wanted to get all of the pain out of the way in one big "event" creating an opportunity to increase his own holding on the cheap?

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