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

To: Tom C who wrote (16563)	8/9/2013 6:00:25 PM
From: JimisJim	Read Replies (1) \| Respond to of 34328

Is TCAP a BDC? /eom

To: Tom C who wrote (16563)	8/9/2013 7:04:13 PM
From: E_K_S	Read Replies (2) \| Respond to of 34328

Hi Tom - You have several of the same dividend stocks as me but it's the number of positions that caught my eye. Are these in IRA or taxable accounts? I believe my count is up to 87 but that's the taxable account. I do have duplicates in the IRA and/or ROTH. I try keep all of my long term capital gains in the taxable account and manage that account for minimum capital gains/income by selling loosers and/or high priced shares. As a result my cost basis is quite low and many of my top holdings are over 15 years in the account. Top holdings: CVX (and the lowest cost basis) Many of these shares are from TX which was bought by CVX in 90's COP BHP MHRpD GSTpA AAUKY DLR XOM From your list I own: BMY, SRE, WM & XOM I recently sold 30% of my WM (earlier this week). My focus in the taxable account is income as that is how I pay my bills. Next it is capital preservation so oils and natural resources help maintain my buying power (and act as inflation hedge) and lastly growth. My average holding period is 36 months but I have many positions that I have added to and then sold my high priced shares allowing me to average down my cost. This has worked well on significant market sell offs. Several of those dividend payers I have are 10 or more years in the portfolio. Selling off my loosers in the taxable account to off set gains has been a good management strategy (for me) as I now use any excess losses to also off set partial ROTH conversion taxes. This way I can keep my realized taxable income low and peel off IRA partial transfers to the ROTH and still keep in a low tax bracket. At the same time I can build my low avg cost dividend portfolio. Lastly in 2011 I took 20% of the taxable portfolio and bought income properties that help diversify my income streams and further aided my tax planning (especially w/ those partial ROTH transfers). So for me the key is (1) diversified revenue streams made up of preferreds, bonds, a lot of dividend payers REITs, MLPs and some income properties (no debt). I do not use margin and next the year home mortgage is paid off. EKS