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

To: Steve Felix who wrote (5604)	8/30/2010 12:36:48 PM
From: chowder	Respond to of 34328

I currently hold 3 positions I bought on speculation, or what some might call fun money. They are MHR, C and AA. I'm up almost 600% on MHR, so I suppose I can't complain. However, given the opportunity again, I wouldn't own these spec stocks! I'll hold what I have for now because I own them, but in retrospect, I would have done it differently. Going forward, everything I buy will be dividend related with the understanding that I will be using the power of compounding to make up for any short term gains I may have missed by trading or speculating. I'm going long term and staying long term. I can't afford to dilly dally around because if I do, I'll sure as hell lose the compounding effect, since it takes time for compounding to do its job. I'm sure others see it differently and I would expect them too. Everyone's goals are different and there are many ways of making money in the market. I just finished reading "The Single Best Investment" for the 7th or 8th time in the last year and a half. And, it has reinforced the idea of staying with one strategy. The strategy of buying high quality, high yielding dividend stocks for the long term. In other words, becoming a partner in a quality business. As Lowell Miller says, it isn't the hare that will the race over the long term, it's the tortoise! ... :o)