10-23-2014, 08:18 AM
Nice add, twil. That 4+% yield and P/E under 10 will compound nicely for you.
You came here with go-go, small-cap holdings and have made some nice picks. Personally (and you don't have to answer), I wonder how you feel moving over to more boring, dividend growth stocks and reinvesting those dividends. Is it boring? Do you think you're not getting anywhere?
I ask in case any other people coming here wonder whether dividend investing may be for them. It's definitely a transition from the hot stocks touted by the talking heads on TV and the big financial magazines to the more patient and less active dividend growth strategy.
It was an adjustment for me after investing willy-hilly for 30 years of timing and hoping. I had my epiphany about DGI during the Great Recession so for the longest time I didn't think I was getting very far. Sure the stock prices increased greatly since but I was working towards an income stream for when I quit the rat race. Now I am just beginning to really see the effects of the compounding dividends. Amazing -- these companies just keep throwing more and more money at me.
Anyway, all that to say nice pick in COP.
You came here with go-go, small-cap holdings and have made some nice picks. Personally (and you don't have to answer), I wonder how you feel moving over to more boring, dividend growth stocks and reinvesting those dividends. Is it boring? Do you think you're not getting anywhere?
I ask in case any other people coming here wonder whether dividend investing may be for them. It's definitely a transition from the hot stocks touted by the talking heads on TV and the big financial magazines to the more patient and less active dividend growth strategy.
It was an adjustment for me after investing willy-hilly for 30 years of timing and hoping. I had my epiphany about DGI during the Great Recession so for the longest time I didn't think I was getting very far. Sure the stock prices increased greatly since but I was working towards an income stream for when I quit the rat race. Now I am just beginning to really see the effects of the compounding dividends. Amazing -- these companies just keep throwing more and more money at me.
Anyway, all that to say nice pick in COP.
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“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