09-25-2014, 09:20 PM
Jimbo: I'm not sure I really do want to retire. I have some things I want to do that I have no leisure time to do now but I enjoy doing something challenging especially when there's a paycheck involved with it.
Eric: I feel your pain with MAT. I think that's going to be at least a couple year turnaround as I don't see management getting a fire lit yet. Funny you should mention reinvesting. I recently turned off reinvestment on all the companies that are over their allocation in my spreadsheet with an eye to build up the under-allocated stocks when the price is right. Decided I've done enough trimming for now. But yes, it is nice to watch those reinvestments when the price takes a hit.
To add to the excitement, with today's blip in the market and talking heads wringing their hands in panic, I've added a third tranch of AVA when my standing limit order hit just pennies above the low for the day. That brings AVA up to 3/4 of my desired holding. I've averaged down with each purchase and brought my blended current yield over 4%.
Likewise, another limit order filled for BBL bringing me just short of 2% of my portfolio, my desired allocation. I'll let reinvested dividends do the rest of the work. If next year's projected earnings are close to the 32% drop expected, the payout ratio will be about 65% -- still manageable although dividend growth may slow. In the meantime, I'll enjoy the 4.1% yield.
Still setting on about 5% cash and have a couple very lowball limit orders. Now if only Mr. Market would cooperate.
Eric: I feel your pain with MAT. I think that's going to be at least a couple year turnaround as I don't see management getting a fire lit yet. Funny you should mention reinvesting. I recently turned off reinvestment on all the companies that are over their allocation in my spreadsheet with an eye to build up the under-allocated stocks when the price is right. Decided I've done enough trimming for now. But yes, it is nice to watch those reinvestments when the price takes a hit.
To add to the excitement, with today's blip in the market and talking heads wringing their hands in panic, I've added a third tranch of AVA when my standing limit order hit just pennies above the low for the day. That brings AVA up to 3/4 of my desired holding. I've averaged down with each purchase and brought my blended current yield over 4%.
Likewise, another limit order filled for BBL bringing me just short of 2% of my portfolio, my desired allocation. I'll let reinvested dividends do the rest of the work. If next year's projected earnings are close to the 32% drop expected, the payout ratio will be about 65% -- still manageable although dividend growth may slow. In the meantime, I'll enjoy the 4.1% yield.
Still setting on about 5% cash and have a couple very lowball limit orders. Now if only Mr. Market would cooperate.