I think you're doing fine... Steve Bavaria has an interesting article on SA about the market beating difference between any traditional cap gains only PF vs. DGI (specifically screened) and used JNJ as an example... showed that while the share price for JNJ was virtually flat for 10 years, underperforming its own revenue growth, but the next 10 years the share price way outperformed the revenue growth and became "over-priced"... factor in it's constantly faster than inflation divvy increases and it gets ridiculous to even discuss...
FWIW, JNJ is one of my oldest holdings and I dripped it for 10 years or so, too, but is in my top 3 of total returns out of all the sexier stocks out there or that I own... also in the top 5 for me are utes: AEP, LNT and WEC... think about that... 4 of my top total return stocks over the last X years are JNJ and some utes... MMP is in the Top 5 for me (lucky timing on initial buys, not brains) and MCD was a close 6th... see any patterns there?
Other top total returners for me in order: O, PG, VZ, KO, D, EPD, WPC, CVX, and this next one surprised even me: OHI... but I bought in mid-20s (again, luck, not brains or anything)...
My CEFs (I've weeded a few): OXLC (actually showing cap gains I"ve held it so long and yielding north of 15%), ECC (similar to OXLC yielding 13%); EOS, IGA, HIE and UTG... I once had 2-3 others like TPZ, ETV, and something else that escapes me right now... |
