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

To: Hoatzin who wrote (31292)	5/12/2019 7:03:02 PM
From: JimisJim	3 Recommendations Recommended By Hoatzin isopatch rnsmth Read Replies (1) \| Respond to of 34328

We may be brothers from different mothers in those respects... I, too was a swing trading disciple of dabum's (among a couple others) and I made the transition following him. He is one of 3-4 people I've learned and relearned so much from I feel like making a plaque so some people dedicating my (for now at least) very stable, comfortable and financial well being in retirement. I also contend that some of the very best of the best of my investing had to do with sitting on my hands and doing nothing. I don't trade nearly as often as some here do, but I do still tweak around the edges and only recently finished legging my wife's large 403b into IRA and Roths the last two years, so that kept my head in the game, but now... it's that small trading acct. that is about as big a one full position in my DGI PFs that I still "play" with -- if I lose it all, no big deal... it's my form of entertainment that beats the bejesus out of roulette wheels, slot machines and other devices to take my money, but not as much fun, but that's just me... I'm happy at a $5 Blackjack table with a few old friends shooting the breeze and usually 1 or 2 of us win enough to treat the others to a top dinner at a top restaurant, but I would never sit down at a table (or slot) by myself... it's like when I learned to play golf just because all my friends played a lot and that's where I could spend time with them -- and after 30 years or so, I'm still lousy -- I hope I live long enough to shoot my age. I do often post in real time when tweaking my PFs -- a habit I got into at Isopatch's board such that nobody could claim they traded XYZ at perfect low and perfect high -- days/weeks later. I, too, keep coming back to adjust my next-man-up list as well as my overall watch list so I have a head start if something out of the blue means I have to do something about an existing position, i.e., APU is an example. Everyone has a different style, but I do prefer more utes that you list... we have 8 different ones, I think (AEP, D, DUK, LNT, SO, SRE, NWN, WEC)... they represent 8 out of about 50 positions and I have some UTG and TPZ, which are ute-centric CEFs. Some might consider EPD and MMP utes of sorts, but not regulated ones, so I keep them separate... and T and VZ are less ute-like these days that tech and content providers, thought they were once considered utes decades ago. But you and I have many common names in our holdings... that makes me feel smarter than I really am and have to avoid hubris in these discussions.

To: Hoatzin who wrote (31292)	5/12/2019 7:36:04 PM
From: Kip S	3 Recommendations Recommended By Graustus Hoatzin JimisJim Respond to of 34328

Hoatzin wrote (couldn’t get the quote box to cooperate): I'm a great advocate of "don't just do something, sit there" when it comes to investing, and strongly feel this is one of an individual investor's greatest advantages over the pro's: make a small number of quality decisions, and then just leave well enough alone. More activity, more decisions, more trading, will generally lead to some poor decisions along the way. ———- I couldn’t agree more with this sentiment. The advantage individual investors have is the advantage of time, not having to do annual reports, etc. Anyone who says individuals cannot beat “the experts” is simply mistaken, IMHO. To be clear, my personal goal is income-related only. Nevertheless, over the past approximately seven years of DGI, my portfolio has beaten the S&P on a total return basis (with less than 80% of the Beta risk), though I don’t particularly care as long as the income stream grows healthily. When I see your holdings, I am a bit surprised that, though I have fewer than half as many holdings as you, we only share five stocks. There are many ways to go, aren’t there? One last point. As I have mentioned a number of times, almost all of my portfolio is taxable. That taxability is a nuisance, but it has helped save me from so many errors: E.g., selling LMT when it doubled, or tripled, or quadrupled. It increases my concentration, but I hold and celebrate my winners, unless I perceive a fundamental flaw. Hence, my only “for cause” sale, KHC. Many ways to go—and I don’t even hold PG. :-))