tag:blogger.com,1999:blog-6097510160054715524.post5131624125024652764..comments2024-01-03T21:42:28.979-08:00Comments on DivGro: One More Home Run!FerdiShttp://www.blogger.com/profile/05008021146951839361noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6097510160054715524.post-17316865310532375222016-11-20T19:59:50.852-08:002016-11-20T19:59:50.852-08:00PNNT froze its dividend right after I bought my fi...PNNT froze its dividend right after I bought my first shares in September 2013. My yield on cost was 9.6%. I added more shares this year at a yield on cost of 15.5%. Call it a dividend grab or a way to "quickly" recover from share price losses I've sustained. With dividends taken into account, today I'm in the black and can sell my shares for a small profit. <br /><br />Why did I buy PNNT in the first place? Well, apart from the rookie mistake of chasing yield, I figured the BDC has shown resilience and the ability to pay (and raise) its dividend in the wake of the 2008 recession. I wrote "I think PNNT is a good investment for DivGro considering its attractive yield. In my opinion, the high yield affords a little more risk. And PNNT has shown confidence that it would be able to maintain, rather than have to reduce, its distributions."<br /><br />So far, I've been right. PNNT has maintained its distributions. But I don't think it will be able to do so much longer...<br />FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-17741436915257344352016-11-20T04:59:44.102-08:002016-11-20T04:59:44.102-08:00Bail AFTER the company cuts the Dividend? That'...Bail AFTER the company cuts the Dividend? That's like closing the barn door after the cows have fled! If they cut the dividend the price will drop BEFORE you have chance to sell.<br /><br />Perhaps you'll be able to collect your end of year distribution and get out before any dividend cut is announced.<br /><br />Wishing you all the best with this one!Chuckhttps://www.blogger.com/profile/12838738925643211115noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-78212269868957138922016-11-19T22:05:50.117-08:002016-11-19T22:05:50.117-08:00Hi Chuck -- I think most of us have examples of re...Hi Chuck -- I think most of us have examples of regretful trades... but that's what makes all of this interesting. Nobody can tell the future and we can only act on current information!<br /><br />I agree with you about not chasing yield. A good balance between higher dividend yielding and higher dividend growth stocks is best. I do own at least one very high yielding stock (PNNT), but I'm watching it carefully and will bail out as soon as the company cuts the dividend. I may even close the posistion end of December after the next dividend payment. <br /><br />Thanks for following my site and happy investing!FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-68296596142228405732016-10-30T10:44:44.123-07:002016-10-30T10:44:44.123-07:00Thanks! Very painful for me to recall all the &quo...Thanks! Very painful for me to recall all the "wouldas, couldas, shouldas" which I why I excluded them in my previous post! I have certainly made my share of mistakes (commission as well as omission) Oh to be able to go back in time!<br /><br />Dividend investing does work and I am glad to see that you and many of your readers are on the right track. I am somewhat concerned, however, that many investors out there are stretching for yield and are throwing caution to the wind. I mean, seriously, when an investment has a current yield north of 6 - 7% in this low rate environment, wouldn't you think that one's "spiddy" senses would kick in and warn you to run away? Good grief! Some people are going to get burned big time come the next economic crisis.<br /><br />I've bookmarked your site for easy access in the future! :)Chuckhttps://www.blogger.com/profile/12838738925643211115noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-22598766484681746082016-10-30T09:12:55.823-07:002016-10-30T09:12:55.823-07:00Yes -- Microsoft has done well and I like where it...Yes -- Microsoft has done well and I like where it is going. Like you, I'm somewhat skeptical of spending so much on LNKD and we'll have to see if this investment turns out better than prior splashy acquisitions. LNKD seems to have expanded its reach in the last year or so -- hopefully that trend continues. <br /><br />If you're trying to repress 2014 postseason memories, you'll appreciate my feelings about how the Giants gave up a 3-run lead in the top of the 9th in game 4 against the Cubs in the Division series this year. And let's not even talk about what happened to the Golden State Warriors last year...FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-12274398355739817682016-10-30T09:04:59.686-07:002016-10-30T09:04:59.686-07:00Hi Chuck -- thanks for sharing your home runs! The...Hi Chuck -- thanks for sharing your home runs! The fact that you've hit so many home runs with solid dividend growth stocks is evidence that dividend growth investing works! I don't care that it took a while to get there, the fact is you stuck with strategy and it is paying off very handsomely. <br /><br />$90,000 CDN is fantastic -- WOW! You're reaping the benefits of a disciplined execution of your investment strategy and I hope my readers are as inspired by your story as I am!<br /><br />Take care and please visit again soon!FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-59395206306510437622016-10-30T08:58:31.637-07:002016-10-30T08:58:31.637-07:00NVDA is a fantastic stock with some great growth p...NVDA is a fantastic stock with some great growth prospects. And you're right -- the areas of virtual reality and autonomous vehicles will secure NVDA's future for many years to come. The psychology of dealing with winners is interesting. I think we're wired to sell winners before we should and to hang onto losers longer than we should. <br /><br />Congratulations on getting a 3-bagger in a year... that's great! Enjoy the ride!FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-65959563653511262662016-10-28T18:44:47.258-07:002016-10-28T18:44:47.258-07:00Love big softy.
Hopefully they know what they...Love big softy. <br /><br />Hopefully they know what they're doing spending $25B on LNKD. That's a lot of cash, and management doesn't have the best track record with splashy acquisitions.<br /><br />Congrats on the home run, and thanks for the reminder of how annoying the 2014 postseason was. I had almost successfully repressed those memories.catfishwizardhttp://catfishwizard.tumblr.comnoreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-7572295880001536762016-10-28T14:36:36.019-07:002016-10-28T14:36:36.019-07:00In my wife's or my portfolio: CHD (up 416%), V...In my wife's or my portfolio: CHD (up 416%), V (up 499%), BDX (up 157%), MMM (up 145%), TSX: BAM.A (up 282%), PAYX (up 138%), HSY (up 117%), JNJ (up 115%).<br /><br />We also have ADP which is up 119% but that is somewhat misleading because ADP spun off BR and that is up 125% and also CDK and that is up 152%. We have several others that are up between 50% - 100%.<br /><br />Clearly, this growth did not all happen in one year.<br /><br />The growth in dividends is equally exciting!! $9300 CDN in 2007 has grown to what is on track to be $86,000 - $90,000 CDN by the end of 2016.<br /><br />God bless market meltdowns!! :)<br /><br />Chuckhttps://www.blogger.com/profile/12838738925643211115noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-77606620475107327872016-10-28T12:00:43.171-07:002016-10-28T12:00:43.171-07:00My biggest home run stock in NVDA, which is one of...My biggest home run stock in NVDA, which is one of the best performers in the entire market this year - I was going to buy at $19 and finally got in at $28, which I thought was getting upper bound of fair value. I've been buying on the way up at $40, and most recently bought at $60 when it popped on earnings. It's now at about $70+, basically a 3-bagger for the year. Since I've been buying on the way up, it's kind of hard psychologically because I'm kicking myself for not buying more earlier, but I love what they're doing and think they're positioned well for future of VR/ Autonomous, etc. Again, this is all over the course of the past year. Honestly, this stock is probably objectively very overvalued, and a case could be made for selling. But I will probably just hold and look for momentum to drive it higher, and plus, like i said, I like the company. I think any good portfolio should have some steady eddies and big bets/ hyper-growth areas that may be riskier.Anonymoushttps://www.blogger.com/profile/02462039618669404592noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-89949167811984574572016-10-28T00:36:29.929-07:002016-10-28T00:36:29.929-07:00Over 300% is fantastic! Congratulations! I'm e...Over 300% is fantastic! Congratulations! I'm enjoying these home runs, but I enjoy the regular dividend checks and dividend raises more! <br /><br />Take care and thanks for commenting!<br />FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-22440282555520516512016-10-28T00:35:05.092-07:002016-10-28T00:35:05.092-07:00Yeah, its great to see an investment get to home r...Yeah, its great to see an investment get to home run level -- especially dividend growth stocks! Take care and happy hitting!FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-7954666167990559142016-10-27T19:49:13.147-07:002016-10-27T19:49:13.147-07:00I had one that was up over 600 percent but it has ...I had one that was up over 600 percent but it has fallen hard still up over 200 percent i think. specializes in truck parts if it falls some more i will definatly buy more hopefully a good dividend raise in order which will shoot the company right back up. I will have to look to see how many homeruns i have i had one over 300 percent but added to it and it is now at 48 percent but my dividend is higher. Tradeoffs i guess lolDividendsandhobbieshttps://www.blogger.com/profile/14270830722779368680noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-66312309045909635742016-10-27T12:05:46.564-07:002016-10-27T12:05:46.564-07:00I love home runs.
I used to sell 1/2 as well but ...I love home runs.<br /><br />I used to sell 1/2 as well but like you, I now hold on if I think they will grow EPS or raise their DiviDivi Centshttps://www.blogger.com/profile/11414779401684175087noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-26773450396765778402016-10-27T07:26:07.392-07:002016-10-27T07:26:07.392-07:00Hi there, R2R -- thanks for commenting! You're...Hi there, R2R -- thanks for commenting! You're totally right that the bull market has allowed me to hit some home runs! And, yes, I love bull markets!FerdiS, DivGrohttps://www.blogger.com/profile/07330193431527796718noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-42133217240424379282016-10-27T05:13:51.764-07:002016-10-27T05:13:51.764-07:00Nice going, FerdiS. Thats quite a few home runs......Nice going, FerdiS. Thats quite a few home runs...those are some really good returns over the years. Gotta love a bull market :)<br /><br />R2RRoadmap2Retirehttps://www.blogger.com/profile/14379818667071736766noreply@blogger.com