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

To: chowder who wrote (3839)	2/20/2010 7:29:56 PM
From: Steve Felix	Read Replies (1) \| Respond to of 34328

There is no way I could be comfortable with my daughter holding only two stocks regardless of what they were. Too much can happen imho. We can go back ten years with PFE. 10 years ago yesterday, close $128.31 on the way toward $150 and a three for one split. In their future: "No other drug even comes close to approaching the popularity of Viagra, which is available only with a prescription." Also in the future, a stock worth 60%+ less nine years later, and then they cut the dividend. Dollar cost averaging in reverse? It happens to "the best". One reason I didn't renew Morningstar Dividend Investor was because Josh Peters continued to pound the table on MMA ( I never owned any ) even as the stock was going down. He was sure he had the facts right. I don't remember at what price he sold, much higher than today, but you can buy all you want now for .185. I figured even I can do that. :) After what you and Paul have put forth here, I believe I can settle for seven stocks in her account. At least five of them Achievers and the others ( I hope ) future Achievers. By the time next years 5k is invested I want to have all on reinvestment.