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

To: chowder who wrote (6704)	12/6/2010 8:33:24 PM
From: JimisJim	Read Replies (1) \| Respond to of 34328

ABT and JNJ are my only plays in that sector also... I'm watching MDT and SYK -- old school buddies of mine run/own big chunks of SYK, which at one time was like an Aristocrat, except in terms of profit growth, not divvies -- they tell me their plan is to concentrate on growing profits AND divvies going forward... sort of a sketchy history wrt to dividends, but I made a pile of money on them through the 1990s and into the mid 2000s... I held it in an account earmarked for my daughter's college and liquidated that account 2 years before she began her freshman year because I religiously follow the rule that money I will need in 2 years doesn't belong in the market -- great rule kept that money intact instead of whacked by the melt down... only downside was the hefty tax bite the next year as I sold it all at once, but I'm not complaining... I figure if I have a big tax bite it's because I had even bigger profits -- in this case 700% over 16 years, 43% annualized. I've also been watching Lily, but I'm beginning to grow leery of companies that depend on drugs in favor of the devices manufacturers, or in SYK's case, their bread and butter is still gurneys and IV poles, but their growth is in artificial joints. I'll let you know what I kick up as I re-visit my DD on SYK, etc. Jim