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Strategies & Market Trends : Dividend Growth Investing and chit chat.
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To: chowder who wrote (1412)12/6/2021 5:22:48 AM
From: LuisG4 Recommendations

Recommended By
Dave the wildpitcher
jvincen2
rnsmth
The Beard

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Hi Chowder,

Let's try to demonstrate if I've learned something from you all these years (hope so).

>>How do you define "best results"?<<

Well, many people define results comparing with the market (wigan 4 is one of them as he tries to beat the SP500).
BUT, I know the results should be according to the objectives one marks.
1.- How much do you need?.
2.- When do you need them?.
3.- How sure are you will accomplish them?

So the best results will vary depending on the age and objectives of the investor.
Anyway, I must say that the SP500 high returns the last 5 years have made many people think about indexing as the best way of invest (specially if you're in the market not as many years as you).

>>What time frame do you use for best results?<<

10 years. I think it's enough time for a company to demonstrate if it's going up, down or doing nothing at all.
Although the last 10 years have been a rally up (in USA, not in Europe, not in Spain).
The Chowder formula uses 5 year dividend-growth-rate and sometimes I've seen use 10 years to be more accurate.

>> if we are required to monitor and change doesn't that require us to have some basic knowledge skills on how to manage a portfolio?<<

That's why I said about recommend 5 books to read in order to learn the basics. The big part comes with experience and forums like this one.
¿My books? The ones you told us time ago.

- The Ultimate Dividend Playbook (Josh Peters).
- The Single Best Investment (Lowell Miller) mhinvest.com

- DaveVK 's book (I do prefer this one to "Dividends Still don't Lie").
- One of Taleb's books. "Fooled by randomness" is a good one. To understand that luck is very important also.
- The Little Book of Common Sense Investing (Bogle).

The sixth one would be YOUR book (waiting for it). Meanwhile, we have the 3 PDF Eric Landis made with Joni Repasch documents.

>>isn't that what most 401K's invest in?<<

I know about 401K because of reading in the Chit-Chat blog. It's sad to say in Spain, actually, we have nothing like that, and the communist government is taking away all saving ways to the future.

>>so for young people I simply want something that will be steady, reliable and provide a respectable rate of return for giving no effort in managing the positions.<<

I really like this sentence.
My 5 stocks would be:
- JNJ
- HD
- MSFT
- UNH
- NEE

Well, that's all I think I could share.
It's difficult for me writing in English in a fluent manner so I hope it's understandable.
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