What Did You Buy Today?

[fenders53]

(08-18-2019, 11:09 AM)divmenow Wrote: I don't worry about where the market is headed or what prices they are trading at. It all comes down to yield, valuation, debt, credit rating and dividend history (continued raises). The only time I sell is if a merger happens or the valuations get way out of control.

If the market gives you a good opportunity in a name you like or already own, take advantage of it.  That's the rule I follow and stick by it. There is no fancy talk here, nor do I need to write a book to get my point across haha

And I see a bunch of names I can invest in right now and be well rewarded 5-10 years down the road.

ABBV, PFE, SPG, IBM and PM. All names with a yield of over 4% that look very attractive at current levels.

That mostly describes my preferred investing style.  I have definitely fallen victim to ignoring debt on a few occasions, when I should have given up on wishing it would work out.   I prefer to buy and sell in stages as I know I'll  miss the top or bottom.  I'm still struggle with the fact I am an impatient buyer.  I haven't corrected this enough yet.  It's part of the reason I am attracted to enter via put sales.  I can assure myself if I buy it's at a lower price.  If I am way too early I can generally walk the put out a few months further and avoid being forced in now.  Gives me more time to re-evaluate my research.       

A 3% dividend is pretty much my minimum requirement as I get closer to retirement.  Much over 4% and I probably need to better understand why it's so high.  There is usually a rational explanation when a stock pays a Div double the S&P, but sometimes it's just fear by the masses.  I tend to ignore stocks that pay dividends under 2%.  That has led to lost opportunities.  I am trying to mix it up a little more now in case I'm wrong about almost always chasing higher dividends, but it's hard.

ray-ray, hope my comment didn't come across too aggressive.  I spend a lot of time typing here and I regard you all as friends.  I hope you guys call me out anytime I say something you believe is flawed.  Defending ones position should make us more successful IMO.   There's more than one way to succeed at this game.  We'll never prove with certainty who is right or wrong, and that's OK.