Dividend Growth Forum
What Did You Buy Today? - Printable Version

+- Dividend Growth Forum (http://DividendGrowthForum.com)
+-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15)
+--- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=33)
+--- Thread: What Did You Buy Today? (/showthread.php?tid=699)

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767

RE: What Did You Buy Today? - stockguru - 08-21-2021

(08-21-2021, 02:50 PM)fenders53 Wrote: Guru

Still have those VSTO shares?  The US ammo shortage was just starting to show signs of subsiding.  Effective SEP 7th Russia ammo imports are banned for at least a year.  Biden already signed it.  Common deer hunter and target shooter ammo included.  I'll do more research but pretty sure Russia is #2 behind VSTO in US market share.  Not saying VSTO will run.  Maybe the forward PE will be 6 instead of 8 soon lol. I didn't see this one coming.

I sure do and don't plan on selling any time soon. Yes its had a bog run, but with that growth and PE it should continue to out perform.

I also have ASO which I just bought. PE of 6  Big Grin

RE: What Did You Buy Today? - stockguru - 08-21-2021

(08-20-2021, 03:55 PM)fenders53 Wrote: [quote pid='28182' dateline='1629490036']
August recap

It was a busy couple of weeks in the portfolio.  I made a concerted effort to push my dividends up past $6000 annually.  This I succeeded in doing, though interestingly it came out lumpy.  My Jan/April/July/October dividends are less than $400 each, my Feb/May/August/November dividends are over $500, and my March/June/September/December dividends are over $600.  So, not perfect from a monthly income perspective, but no biggie.

Out went:
MO - I just wanted to be out of tobacco & really all commodities, and also this had been a 1/4/7/10 month dividend payer, so departing this accounted for some of my lumpiness
Amazon - no dividend, and no growth shown this year.  
Taiwan Semiconductor - low dividend and no growth yet this year.
DDM - a 3x leveraged etf on the dow 30.  Had a small position, really have enough leverage elsewhere
RIO - after watching and reading enough articles on the steel trade, CO2 emissions, and China's policies, I became convinced this will continue to sink.

In came:
LLY - Alzheimer's drugs
COF - my bank, and they are doing really well anyway
HAS - my hobby, and a dividend over 2.5%

Additionally, I boosted other funds like NUSI, HTGC, FAS, and did my usual sprinkle a little here, a little there.
I say all this with kind intentions.  I've never met anyone that trades so impulsively.  I said trade because it is nothing remotely like investing.  I really think it would be helpful if you made a log of why you bought or sold all the stocks you have.  Refer to it quarterly.  You are intelligent and obviously try to be analytical, but the end result is you are overthinking this daily and just rationalizing whatever random decision you already made.  Buying individual stocks is hard.  It only works if you don't make the same mistakes repeatedly.  Until you get that under control you are FAR better off with most of your assets in ETFs while you get a plan.  Now let's look at those AUG moves and I'll speak unambiguously.  

AMZN- No dividend or growth this year.  Did you really just type that?  Did they have a dividend less than a month ago when you bought the shares?  No growth?  You are confusing Amazon INC with AMZN shares.  You sold because the stock dropped 3% after you purchased instead of running higher.  The company is growing just fine.  

MO- I'm very OK with that sell.  Their product shortens lives.  If the stock was running up 3% a month you'd probably still own it.  Be honest, and don't buy anymore stocks we buy on the forum that violate your principles. 

TSM- I sold mine too.  The story changed since I bought it.  I paid too much so I had no margin of safety for anything to go wrong.  I violated one of my rules.  I lost money.  I will try to not make that mistake very often but it is tough now when growing businesses are not cheap.  TSM IS growing quite fast. You're confusing the company with the short-term stock movement again.  

RIO- You bought towards the top of the cycle and hoped it would keep running.  You have to buy them when you never would.  I find myself drawn to them when the hype is running.  After 35 years I am certain I am far short of the SPY when I touch commodities.  They will take your gains away in a hurry. 

Your purchases.....

LLY- I expect you'll dump it on the next pullback.  The stock has run MOMO and you bought it $50+ high.    

HAS- Probably a good stock for you.  Are you going to dump it when it pulls back after Christmas shopping season?  

You put it out there and I tried to help.  Feel free to defend your moves. I really am trying to help before the next real dip hurts you bad.  I made some mistakes I'll share on appropriate threads                                          
[/quote]

Don't give up on MO so easily. That and PM are some of my biggest holdings. I am fine if it stays at this $48 dollar level and just live off the dividends. But the chart looks good now and that 50 and 100 MDA are positive and this stock is about to break out. When that news hits down to the road that Weed is now legalized in all states this stock will see $60 and above. I have no reason to sell. Yes its a sin stock but when you can make 4k on dividends I have no reason to sell. Since we do we drop a great dividend aristocrat that has consistently raised their dividend ?

And I will take nice and steady over any 3 x leveraged ETF  Big Grin

RE: What Did You Buy Today? - fenders53 - 08-21-2021

[quote pid='28201' dateline='1629592546']
(08-21-2021, 02:50 PM)fenders53 Wrote: Guru

Still have those VSTO shares?  The US ammo shortage was just starting to show signs of subsiding.  Effective SEP 7th Russia ammo imports are banned for at least a year.  Biden already signed it.  Common deer hunter and target shooter ammo included.  I'll do more research but pretty sure Russia is #2 behind VSTO in US market share.  Not saying VSTO will run.  Maybe the forward PE will be 6 instead of 8 soon lol. I didn't see this one coming.

I sure do and don't plan on selling any time soon. Yes its had a bog run, but with that growth and PE it should continue to out perform.

I also have ASO which I just bought. PE of 6  Big Grin
[/quote]

There is usually a reason for a 6 PE but I don't see the catch so far after many quarters of fast growth.  I expect the outdoor sports will cool off over winter other than ammo, I'll hold some shares and maybe jump back in with more in the spring.  I haven't sold any yet but I need to trim if it runs again.

RE: What Did You Buy Today? - ken-do-nim - 08-22-2021

(08-21-2021, 07:45 PM)stockguru Wrote: Don't give up on MO so easily. That and PM are some of my biggest holdings. I am fine if it stays at this $48 dollar level and just live off the dividends. But the chart looks good now and that 50 and 100 MDA are positive and this stock is about to break out. When that news hits down to the road that Weed is now legalized in all states this stock will see $60 and above. I have no reason to sell. Yes its a sin stock but when you can make 4k on dividends I have no reason to sell. Since we do we drop a great dividend aristocrat that has consistently raised their dividend ?

And I will take nice and steady over any 3 x leveraged ETF  Big Grin

I certainly didn't sell MO because of financial reasons; it was going great for me, and it paid dividends in that 1/4/7/10 month slot that now could really use a replacement.  And I totally agree it has a bright future given cannabis.  And honestly, I have less of a problem with cannabis than with tobacco, as the latter is cancer-causing.  I just want to be able to cheer when news reports come out that say less teen agers are smoking cigarettes, if that ever happens.

I'm looking at CIM Chimera Investment to replace MO with in that 1/4/7/10 dividend cycle.  When covid hit they dropped their dividend from $0.50 to $0.30, but now they've started to increase it again at $0.33.  But I still know very little about this stock.  FSK is another possibility.  On the traditional DGI side, I will get CSCO back and probably increase STX.  KMB Kimberly Clark is another option but I know very little about them.

RE: What Did You Buy Today? - fenders53 - 08-22-2021

[quote pid='28184' dateline='1629494034']
Feedback appreciated.

I do actually intend to get back into Amazon and Taiwan Semiconductor at some point, I just am willing to risk that they aren't going anywhere any time soon and had other priorities.  Good point though about confusing company growth and ticker symbol growth.

Crossing my fingers I didn't make another Moderna mistake with LLY, but I'm planning to hold it for sure.
[/quote]

I'm not too convinced you comprehend the feedback I or anyone else offers here. Going forward maybe just buy ETFs for awhile. Over time you will figure out that dumping your recently purchased individual stocks at the first sign of a minor pullback is going to greatly effect your returns. It's harder to find a reason to dump an ETF.

It would also allow time for you to focus your energy on a shorter list of individual stocks. It may not work for you, but the more I understand my holdings, the less inclined I am to allow a short-term dip or single piece of bad news shake my conviction. Conviction is what you are lacking right now IMO.

Not too many months ago you said the purpose of your individual DGI port was to take some of the volatility out of your overall port due to the large concentration of 3X leveraged funds. Now you seem to be buying stocks that have had a VERY strong run in share price. They will crash as hard as a leveraged ETF. What is the actual plan now?

I am sure some here think I am too bossy for an internet forum but I do mean to help. I am humble enough to understand there is a lot of talent in this small group. I make more money since I joined this forum because I recognize the skillsets here. I don't rely on whatever Yahoo article I run across to make a random buy or sell of the week.

I think you can succeed at this but it is going to require a plan, a set of investing rules you will actually follow, and getting a grip on your emotional decisions. If you can't, then individual stocks are a guaranteed fail and it won't be pretty when the bull goes away for a few years. Discipline trumps intelligence in the end. It's not even close over time in my experience.

RE: What Did You Buy Today? - ken-do-nim - 08-22-2021

Sorry I've exasperated you, let me respond to your individual points.

> The yield chase trading game is beyond farcical as you dump them when they show themselves as yield traps that most of them are, despite 100 warnings on this forum.

First off, the whole high dividend payers search is part of a 'training exercise', if you will, for building a dividend paying machine that I can use at retirement. I am hopeful that some of them I will be able to maintain for the long term and aren't, in fact, yield traps. Yes absolutely, ORC, AGNC and NLY had to be cut, and in hindsight I was hoping, like Genester hopes now, that at a low enough price, they are worth buying, when that really isn't the case, since they over time continue to erode. I expect one day to have to exit OXLC for similar reasons but I'm giving it some time to play out. But others, like HTGC, PFL, and ARCC don't have a history that suggests they are just 'return of capital'. I believe a mixture of such high yielders, middle yielders (the ABBVs and PRUs of the world), and lower yielders (SCHD, CSCO, STX, AVGO all up in the high 2s low 3s) will be my eventual lineup for retirement, as I attempt to aim for an average portfolio yield of around 5-6%. If I reach the $3M target, that's $150-180k annually. Of course, given the way inflation is going, $150k in 12 years may not be enough! But in that case I simply won't retire if I don't have to.

> Your company stock sells are already taxed right? There is your income you say you require now. Sufficient balance to fund your extra expenses for years.

In fact that was my plan coming into 2021. Sell $4500 - $12500 a quarter, and supplement the monthly budget with $1500. In practice, when the company stock had a downturn, I didn't want to sell. Dividends are much more reliable. This kind of answered my whole question that I posed when I first joined the forum about just buying growth stocks and selling for living expenses at retirement vs. dividends.

> After reading about your literally weekly buy high and sell low chronicles

I've definitely made some mistakes recently (*cough* RIO *cough*), but I think we have a different investing philosophy. Let's take the recent AMZN venture as an example. Amazon is a stock I eventually want to own. I missed the big run-up thanks to Amazon Web Services that I didn't know were coming, but they've leveled off in recent years. I do think there's other big breakthroughs the company is capable of, but I feel I can wait until next year to have some Amazon. However, when they dropped suddenly a few weeks back, I decided to bring them into the fold earlier than planned, in case it immediately corrects back up (like say, Lowes did recently). It didn't work out, so I moved on to other priorities. I really don't mind taking a minor loss because I've already got large gains on the year that can be offset.

Big picture wise, I'm actually doing pretty well. I'm sure there are others on this forum blowing me away, but I'm learning. Taxable account is up 24.59% year to date, ROTH is up 59.68% year to date, whereas the S&P 500 is up 18.25%, with the Dow Jones and Nasdaq at lower amounts.

RE: What Did You Buy Today? - fenders53 - 08-22-2021

I edited my last post so yours may make less sense now. I will read what you posted now and respond.

RE: What Did You Buy Today? - fenders53 - 08-22-2021

First of all this place is not a contest to achieve the highest possible total return over a short period. Some are 40 years from retirement, some are 40 weeks. Appropriate risk reward as appropriate for your current place in life. I know you get that part.

You are up big because you are leveraged. Not just an ordinary bull market. Are you aware post pandemic crash this is the best 365 day run in equities since WWII ended? That's a long time. We are all stock experts right now and mistakes are forgiven by the market. I am beating the SPY right now and my port is sometimes 40% cash as I wait for an opportunity. Does that make me good? No probably some luck involved and the rubber band snaps both ways.

The high yielders do hit a nerve. You buy them with little understanding of how their tricks work. When we call the junk out you dump them on the next dip. If you don't listen to anything else we say, less really is more. Put in the time to understand what you own or you will shake out fast as your recent trades prove you scare easily. Chasing this weeks shiny object ends bad.

RE: What Did You Buy Today? - ken-do-nim - 08-22-2021

> Not too many months ago you said the purpose of your individual DGI port was to take some of the volatility out of your overall port due to the large concentration of 3X leveraged funds. Now you seem to be buying stocks that have had a VERY strong run in share price. They will crash as hard as a leveraged ETF. What is the actual plan now?

This is a good point; I happen to think LLY has more room to grow but I probably bought COF at the top.

The plan now? Well I'm very nearly done for the year. I'm at $40k of company stock liquidated already and that's quite a tax hit even at long-term capital gains. I might do another $5-$10k of it. CSCO is the next primary acquisition, and I'm looking at CIM like I mentioned earlier. It might be a yield trap, might not, but I actually do plan to take the time to research it first.

Come next year, I will continue to add to AAPL, MSFT, GOOG, & SCHD, but mostly I'm going to get ready for the chip explosion. The chip stocks are all suppressed this year, but when the chip shortage ends in 2022 or 2023, they are going to take off (again). So I will double down on TXN, AVGO, re-acquire TSM, add AMD, ASML, and add to SOXX and SOXL.

RE: What Did You Buy Today? - fenders53 - 08-23-2021

The tech portion of your port is solid. It might be a bumpy ride but it's not hard to imagine tech is higher a year from now. If the rest of your port was less complicated I think you would be set to hold through downturns. (other than the leverage).

RE: What Did You Buy Today? - ken-do-nim - 08-23-2021

Btw, I was curious myself how leveraged I am at this point.

Taxable: 43.7%
ROTH: 33.4%

I think 1/3 is about perfect for the ROTH, and I'd like to see the Taxable at more like 25%, but if I were to include the company stock it dilutes to about 22% anyway.

RE: What Did You Buy Today? - fenders53 - 08-23-2021

At your age maybe 1/3 is OK. Knowing when to trim the leverage before you give too much back will never be easy. I would even entertain a bit of leverage after a big pullback.