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

To: JimisJim who wrote (19577)	5/3/2014 12:09:43 PM
From: Steve Felix	2 Recommendations Recommended By Mannie TheNoBoB Read Replies (1) \| Respond to of 34328

LOL! I was asked about my investing style in a pm and my answer was "opportunist." If I think the market has taken a stock to the wood shed and it won't last, I can't seem to help myself. TGT is an example there. AMNF just recently. Almost every stock is going to go "on sale" sometime. I believe that is one advantage for the little guy, if you have a wide enough net. Just my perspective, I'd rather get paid in cash to be more able to take advantage than to auto reinvest. I believe it makes a difference over time. I'll be the first to admit to being surprised how well I have done re the "market", especially with $37k still invested in preferreds. No wonder I trailed the big market move last year. In a flat or down year that 8 to 9% will look pretty good. If there is any kind of insight, the main reason I have a lot of smaller positions is that I still believe going high yield and switching over to higher dividend growth is the way for me. A couple of blow ups won't derail me. Good things can happen too, like NRF a $5 stock, now a $15 stock with a fantastic dividend increase. A look at just my larger holdings shows 38% in eight stocks: O 38k, MPW 19k, CVX 15k, NRF 14k (accidental), OXY 14k, PSEC 13k, LTC 12k, KMI 10k. Somewhere along the line I'd like to move PSEC down the list. Happy to keep the rest. I've always had a goal in the back of my mind to get to 20k of income. Now that I am there I'm putting together a list of high dividend growers, not worried so much about low yield. When I see one below both 50 and 200 day averages, I'll recheck that nothing is seriously amiss before buying. Recent repurchase of CAH fit the bill for me. Probably gave up some nice future gain on MHR, but it isn't paying me and you have to make decisions. Sometimes I'm sure it looks like all high yield, but since Jan. 1st. I've added 142 BOLT, 125 CVX, 300 KMI, 100 MAT ( biggest mistake so far ), 70 LO and 90 KO. I figure going forward, I can use income coming in, sell a small high yield position like ABR, 7.4%, $2350 position, $156 yearly dividend, and replace the income with a high dividend grower. In the meantime I still have $13k of MHR with a small gain I can sell if I find a stock where I just can't help myself. I like the potential, but I'm not getting a regular payment. I'll admit I don't fit some kind of mold. When I see things like, you have to pay up for quality, reinvesting regardless of stock price, keeping position sizes close to even, YOC pertaining to one stock instead of an entire portfolio, etc., it just reminds me that I never did fit in a box. There are a lot of dividend stocks in the universe that many won't look at because they don't fit in the "box". I also understand that this is my way, and there are many ways. There is nothing wrong with paying up for quality, reinvesting in the same stock, etc. Everyone has their own reasons, needs, goals, etc. I think the real bottom line is peace of mind.