Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: chowder who wrote (3845)	2/21/2010 12:07:31 PM
From: Steve Felix	Respond to of 34328

I'm assuming my daughter is going to continue to contribute too. Hopefully her life gets less complicated, but with a Brazilian fiance who has five months left of medical school, and one more summer of schooling for her masters, plane tickets are a major expense at the moment. He isn't making any money currently so she pays twice a year for him to fly here, and then pays for herself to Mexico for her masters and then on to Brazil for two weeks. She has promised to read The Single Best Investment, and I think it would make a great impression on her, but her job as a teacher and her reading list for her masters just doesn't allow her the time right now. Hopefully by fall. On the bright side, her fiance has had a simulated stock account for the last four years. I know on finishing school he will read the book, and hopefully keep her account going if I'm no longer able. If I hadn't talked her into living here, when she wanted to get an apartment and be on her own, I doubt the funds would be available. I'm not sure PFE doesn't fit in here. Not that you had to buy it ten years ago. It was an Aristocrat that up until less than two years ago seemed to be on everyones conviction buy list. Just a point that stuff happens. O also had about a three year span where it slowly went down, but kept raising the dividend. Judged by the outcome the O investor was better off in the end, but who knew at the time. I try and watch her expenses. I used making more money holding ACNB stock, rather than leaving it lay in a savings account, to get her started, but there was no way I was going to invest most of her original 3k in it. Upon opening her account, trades were free for a month so I split the money between ACNB, SYY, and O. Now that she holds six positions, her total cost is $30. Even if I had added to her first three positions this year it would have cost $30, so I see it as more diversification for the same money. Going forward, if she is holding seven stocks, perhaps we invest her funds in two or three, each year. In the early going that may make those two or three 2x the others. I still see it as safer than only holding two or three total. I have to say it seems it would be so much easier with dedicated funds every month. With this addition, she will have 8k invested. I figure working seven positions up to 2500 or 3k each, adding 5k a year will take the best part of three years. Then maybe we look at a new position.