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

To: JimisJim who wrote (6674)	12/2/2010 2:06:21 PM
From: chowder	Respond to of 34328

I'm now trying to keep positions to under 2% of portfolio value. MHR and C are exceptions because they don't create income. My concern is that I don't want another BP to disrupt income flow to any extent. Although I only lost 2% of portfolio value due to selling at a 50% loss, I was able to make it up quickly from other dividends as the portfolio had a 4.8% yield at the time. I'd like to have better recovery time in the future in the event another company lowers or discontinues dividends. That's the reason I increased my holdings from 40 companies to 60. I think I'm ok with what I have now and will concentrate on building the current positions as opposed to adding any more. I can always change my mind if something compelling comes along. I may add another spec or two ... or a short term trading position just for sport. But, I'm basically set now unless I replace an existing holding and need to replace it.