03-01-2018, 06:47 PM
Hi Jeffrey,
I find I now pay attention to what's going on in the market for only three reasons: 1.) Looking for a company I'm interested in that is unreasonably punished by the market, 2.) dividends that hit our accounts so I can update my spreadsheet, or 3.) watching for dividend increases (or possibly a cut) so I can update the spreadsheet and/or decide what action I should take because of it.
I'm comfortable with all the companies I own. I've been around long enough to know that the companies I invest in are not going to skyrocket overnight and at some point they are going to hit a rough patch. In the interim, they still keep throwing money at me. It's taken almost 10 years to adjust to these facts but I've reached the point that 10 minutes after I edit my spreadsheet, I couldn't tell you the exact value of either of our accounts or any specific stock.
Identify good companies, buy at reasonable prices (and yes, even slightly overvalued stocks may be good values 2 or 3 years down the road) and don't let Mr. Market affect you too much.
I sometimes look at investor slide decks, read an earnings report transcript or two or read news on companies I own. If there's a red flag, then I'll dig a little deeper. Every year or two I update my company-specific analysis spreadsheets and read a few web sites (including DGF) frequently. Think long term!
Oh, and I read every proxy statement and vote at every company's annual meeting.
I find I now pay attention to what's going on in the market for only three reasons: 1.) Looking for a company I'm interested in that is unreasonably punished by the market, 2.) dividends that hit our accounts so I can update my spreadsheet, or 3.) watching for dividend increases (or possibly a cut) so I can update the spreadsheet and/or decide what action I should take because of it.
I'm comfortable with all the companies I own. I've been around long enough to know that the companies I invest in are not going to skyrocket overnight and at some point they are going to hit a rough patch. In the interim, they still keep throwing money at me. It's taken almost 10 years to adjust to these facts but I've reached the point that 10 minutes after I edit my spreadsheet, I couldn't tell you the exact value of either of our accounts or any specific stock.
Identify good companies, buy at reasonable prices (and yes, even slightly overvalued stocks may be good values 2 or 3 years down the road) and don't let Mr. Market affect you too much.
I sometimes look at investor slide decks, read an earnings report transcript or two or read news on companies I own. If there's a red flag, then I'll dig a little deeper. Every year or two I update my company-specific analysis spreadsheets and read a few web sites (including DGF) frequently. Think long term!
Oh, and I read every proxy statement and vote at every company's annual meeting.
=====
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan