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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (3089)	12/22/2009 1:24:48 AM
From: Paul Senior	Respond to of 34328

"I have yet to figure out how I might feel during and after another major correction that whacks the share prices of my divvy plays and maybe for an extended time frame" Well, that's easy. You'll feel somewhere between lousy/grumpy and queasy/sickened. (Just based on my own experience of course.)

To: JimisJim who wrote (3089)	12/22/2009 1:52:38 AM
From: LTBH	1 Recommendation Read Replies (1) \| Respond to of 34328

As a guy who has tripled from the meltdown lows but who would need to triple again from here to hit my highs of fall 2007, I think I am wrong one for any investing advice other than an observation based on my life experience ... traders seem to make poor and short lived INVESTORS ... may want to give some deep thought as to your predilections and goals before attempting any transformation. I do think that Nov-Dec 2008 and to lessor extent Mar 2009 was time and price point for new positions, with perhaps the lone exception being shipping. Of note though, I demand a significantly higher return than the 2-3% that seems the commonly accepted amount for this board ... hopefully the more conservative here will offer you some replies.

To: JimisJim who wrote (3089)	12/22/2009 9:28:30 AM
From: Steve Felix	Read Replies (2) \| Respond to of 34328

I'll throw in my two cents. And that is exactly what it is worth. I have no doubt the market will correct at some point. That is what the market does. When and how far would be my questions. I don't think anywhere near the lows of last year are in the cards, but then we all know what opinions are like. :) No doubt that Paul will be correct with how people feel. I've gone off margin because I believe I have taken the biggest piece out of the middle. Maybe I'm wrong and the market just marches on for months. That would be ok, as I have my piece, and the gain is no longer worth the sweat to me. I don't want to pay attention every day. I'm not going to enjoy watching my principle shrink any more than anyone else. On the other hand, my requirement of at least 3.5% yield has pushed some companies I would like to own below the line. I think I am as comfortable as I can get with "bouncing principle". My two biggest problems are that the money only comes in so fast, and when it does it burns a hole in my pocket. Make it three, don't cut my dividend. Also, in looking back I see that I have round lot syndrome. <gg> I seem to find 100 shares that fit my cash instead of buying what I can afford of what I want. I think I have fixed that. My TCLP purchase in my IRA was 35 shares. I'll fill it out. Maybe on the next correction. (:0

To: JimisJim who wrote (3089)	12/23/2009 8:19:22 AM
From: Debt Free	Read Replies (2) \| Respond to of 34328

Question: any concerns here about another major correction? I think that one has to be able to sleep at night and if you are having troubles because you are worried about the market correcting that you need address them. There are numerous ways in which you can do that. 1) raise cash 2) sell some covered calls against your position. 3) short a specific stock 4) buy an ETF that will rise in stocks go down 5) utilize trailing stops on some of your positions At the present time I am concerned about a significant correction and have sold some covered calls against part of my portfolio. I am probably also going to put in some trailing stops on some of my other positions as well.