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

To: E_K_S who wrote (6429)	11/15/2010 12:23:10 PM
From: Steve Felix	Read Replies (1) \| Respond to of 34328

I can see something of value coming out of the current thinking that I could use when choosing from a short list of stocks I am interested in picking up for my daughters. I don't think choosing COP or MCD at the moment is a "wrong" decision. I plan to have them own both in the future. After choosing what I consider appropriate stocks ( that could be the first mistake ) a way to assess the current "choice". Using yield extremes would seem to go across different industries better than many other metrics. Since me and most metrics = vinegar and water, how to keep it simple?

To: E_K_S who wrote (6429)	11/15/2010 12:32:09 PM
From: chowder	Respond to of 34328

Kelley Wright has some charts in his book with something similar to Bollinger Bands. His computer algorithims or something punches all that data out. My objective is to hold and sit tight and continue to reinvest the dividends. I know two people here who did exactly that with XOM for over 30 years, another did it with Mobile before it became XOM. All of them acquired financial independence and all of them held on even when oil got down to $5 per barrel and continued to reinvest dividends. Can you imagine how difficult it must have been to sit tight with oil at $5. That's discipline! And what did XOM do all that time? Kept paying the dividend and increasing it every year. Pay raises with oil at $5. Whooo! I know two people who did the same thing with D and one of them is my sister. They just held on for over 30 years and kept reinvesting the dividends. The approach is so simple, I have adopted it. I don't need the challenge of beating the market or need the rush I used to get when timing the market correctly. As I age, I just want some peace of mind and a lot of cold beer. I posted Wrights thoughts for others who I know want to get in and out of the market from time to time and he had a strategy that has worked for his firm.