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

To: chowder who wrote (9360)	7/2/2011 5:13:46 PM
From: Mannie	Respond to of 34328

you are a great dad, congratulations.

To: chowder who wrote (9360)	10/4/2011 9:17:37 AM
From: chowder	1 Recommendation Read Replies (2) \| Respond to of 34328

Project $3 Million ............................. Towards the end of 2008, I decided I would change direction with my Son's (currently age 26) portfolio and go with a Dividend Growth Strategy and reinvest the dividends. The goal is to contribute $500 monthly and earn an 8.25% annual compounded rate of growth. Based on his portfolio value at the end of 2009, he will have accumulated a little over $3 Million by age 65. The link below provides the site I used to determine the objective. The criteria: 40 years of $500 monthly. An interest rate of 8.25% compounded annually. Initial amount $42,205.00 (year end 2009 value of portfolio). http://www.planningtips.com/cgi-bin/savings.pl?amt=42205&dep=500&cmp=annually&int=8.25&a... In order to be on target at the end of 2010, he needed to accumulate $52,053.79. Mission accomplished. End of year total was $54,949.87. Dividend income is listed below. Portfolio Value (PV): 2009: $42,205.42 ..... 2010: $54,949.87. PV as of JUL 1 ... $63.064.15. ............ OCT 1 ... $60,269.59 Dividends: Qtr 1: 09 ... $108.00 ... 2010 ... $264.95 ... 2011 ... $542.81 Qtr 2: 09 ... $102.00 ... 2010 ... $357.17 ... 2011 ... $575.40 Qtr 3: 09 ... $132.55 ... 2010 ... $518.24 ... 2011 ... $583.40 Qtr 4: 09 ... $341.83 ... 2010 ... $510.71 Holdings: Drugs: ... ABT, JNJ Beverage: ... DEO, KO Food: ... MCD, SYY Utilities: ... D, SO Bus. Srv.: ... ADP MLP's: ... EPD, KMP, MMP Tobacco: ... MO, PM Cons. Disc.: ... VFC Cons. Staples: ... CL, GIS, KMB, PG Oil/Gas: ... BP, CVX Telecom: ... FTR, VZ Materials: ... NUE Defense: ... LMT REIT's: ... O, UHT UHT was added during this past quarter. Later this year, as funds become available, I plan to add PEP.