(09-07-2018, 08:55 AM)EricL Wrote: My parents recently rolled over a 401k and were looking for income ideas.
Here is a list of dividend stocks I put together for them for a shopping list:
Sounds like they are in the same current situation, and you and I seem to think alike based on your list. I want to own some of those companies soon. Market is heading down slowly and good for nibbling. I can't sit on my hands forever. This is fun and like my wife shopping at the mall until I run out of money to invest.
Today's moves so far...
I have always desired to own MMM but never pulled the trigger due to PE. It was a lost opportunity for a stable stock in retrospect. Just sold an OCT 19th 210 put today while it is trading around 212 today. Maybe l will own 100 shares soon, and if not there is $410 sitting in my account that is mine. I am very comfortable with this decision longterm. I'll probably continue to sell puts until the market turns against me and I am "forced" to own MMM on my terms.
SO ran away from me yesterday. I have little confidence in share price appreciation so I hope it pulls back and I will grab that awesome dividend. I love 4.5% dividends but SO competes with XEL for my utility money. XEL dividend is rarely at 4% but without looking up the stats I think I can safely say XEL price appreciation exceeds SO by 3X and that includes some hard times. I prefer some diversity rather than go all in on XEL for my total utility investments. XEL is high now so I wait for a good decision. SO is clearly being daytraded by speculators now. Random utility companies with no big news do not swing 2%+ per day when the sector is otherwise somewhat stable. Tempted to place my buy orders at my price and go just fishing lol.
I continue to watch T like a hawk. Let it have another bad week and I will sell a put quick and get in where I want.
This patience thing is hard sometimes.