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

To: rnsmth who wrote (24189)	1/6/2016 1:17:37 PM
From: JimisJim	1 Recommendation Recommended By rnsmth Respond to of 34328

So true, roni, but also remember that as I said, it will start slowly and at some point take off like a rocket... one wants to be in before the rocket takes off -- in my case I am still holding (and still green!) CVX and OXY... not adding yet except via drips, but I want to be sure to be in when the bull hits and in the meantime, despite CVX's frozen divvy, I am confident that divvies are still a primary focus for them and will gladly drip them at these prices for when they resume their divvy aristocrat status... I really don't think they will cut or suspend the divvy, but I've been wrong before, so no guarantees for sure... I will gladly miss the first 10% move up as it will be slow and help me confirm bottom using my toolbag of leading indicators, but I want to be on board for sure for the next 80%-90% move up... in the meantime I will be patient, collect and reinvest divvies on the remaining energy names in my holdings, accumulating more and more shares than I would have had if they'd never busted... I am not worried at this point... Now if LMT proves they can commercialize their fusion reactors (and looks like they have the best shot to be 1st), then I will change my stance in a heartbeat.... we'll still need the fossils for transport for many years, but the demand expansion would reverse... I look at oil right now about the same way coal was just before the advent of the internal combustion engine -- in my opinion that invention was one of the 3 key events of the last century... nuclear being another...