When I am not looking to trade, I have time to read. Maybe that isn't a good thing.
Here is DVKs book from 2006.
amazon.com
He wasn't any good at the market in the end, and switched to dividend growth investing, where
anyone with half a brain can claim victory if their income goes up every year.
He is still full of bull. He wrote this today:
"It strikes me that forming the foundation for these stories and portfolios are situations that
illustrate something that most of us have pushed back on from time to time, which is that it's
"easy" to switch over to income-optimization in a short period of time. We've all seen the critics
that stopped by to tell us we were stupid not to focus on growth when we were younger, then switch
to income when we retired.
As I think Chowder has said, it's not that simple to go from no experience with i4i and then
suddenly ramp up to speed in a few months prior to retirement, in contrast to someone who's been
doing it for a decade or two, knows the ropes, and has already built a sufficient income stream to
slide right into retirement as if they still had a paycheck coming in."
He is behind the S+P on total return with his public portfolio.
We both have a YOC of 12.1%. He has been tracking 17 months longer.
He has all his money invested in dividend stocks. If I was after just income, I could sell my three
biggest positions ENPH $298k, GOOG $67k, and AMZN $35k, and close to double my YOC.
He is all about the income, but it has to be growing, so he has admitted not "knowing" about
preferred stocks.
It is easy to switch over, in fact, so easy even I could do it. Why do they feel a need to make it
seem difficult, like they have learned some special secret. |
