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

To: Steve Felix who wrote (33508)	4/3/2021 5:29:39 AM
From: Sisyphus	Read Replies (1) \| Respond to of 34328

Looking to prune some bottom performers in my DGI portfolio: AVY bought 11/18 PKG bought 9/18 DGX bought 5/17 Should I sell all or is there an argument for keeping one or more? Was thinking of putting any proceeds into the following: ARE ADC Grateful for any rocks, slingshots or catapults, C

To: Steve Felix who wrote (33508)	4/3/2021 7:14:43 PM
From: chowder	7 Recommendations Recommended By ALinVA B.K.Myers burlegoat Graustus OntheBus72 and 2 more members Respond to of 34328

>> Imho, contrary to popular belief, there is nothing special about income steadily rising, except in ones mind. << I couldn't agree more. I didn't buy into the idea of every holding has to increase their income every year or get sold. To me income is income regardless of where it comes from. I did spend a number of years building a foundation of dividend growth companies, but once I achieved a certain level of income I did go into CEF's and high growth companies in a large way as well as building a cryptocurrency asset portfolio where some very respectable capital gains now reside. I will use them for income at some point as well. My portfolio yield is close to 5% and I have my growth component to go along with it. CEF's play an important role in that, especially at my age, turning 71 this year. For example: LMT is a favorite among dividend growth investors, it has a yield of 2.8% and a 5 dividend growth rate of 9.68%. I own LMT but I also have a sizable position in PTY with its 8.53% yield and no dividend growth, but does pay a special dividend from time to time. Minus the special dividend, it will take LMT 13 years to catch PTY in income production. HON is a favorite among dividend growth investors for its high dividend growth. It has a yield of 1.72% and a 5 year dividend growth rate of 11.56%, yet I have a sizeable position in DNP with its 7.90% yield and no dividend growth. It will take HON 15 years to catch DNP in income putout, and this assumes HON can continue its high dividend growth rate for the next 15 years. When I consider a 13-15 year time frame, that allows me plenty of time for my growth assets like TSLA, Bitcoin, PYPL, Z, SKLZ and many others to generate some very handsome capital gains, gains that can be used to generate income. I do believe in the concept of building a solid foundation of dividend growth companies first, but once the foundation is built out, anything goes in building up. Income is income regardless of where it comes from. Dividends are more reliable, hence the strong dividend growth foundation, but I do believe in balance and thus, once the income is built, I then balance income vs growth going forward.