tag:blogger.com,1999:blog-2800029095243726187.post2083199689691068459..comments2024-02-10T04:36:02.792-05:00Comments on Dividend Growth Machine: Stock Bought: GDDividend Growth Machinehttp://www.blogger.com/profile/13304571550687216360noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2800029095243726187.post-43524687455817269712012-01-30T21:47:43.392-05:002012-01-30T21:47:43.392-05:00Hi DM,
You make a great point -- 30 years from no...Hi DM,<br /><br />You make a great point -- 30 years from now I will not care about a few dollars difference in initial share price, especially if the company keeps growing and the dividends keep rising. I think that is a key aspect of the psychological side of long-term investing that I am still learning to integrate into my mindset.<br /><br />I also try to follow a monthly investing approach by deploying capital within a month or two of putting it in my brokerage account. Sure, it would be nice to have a huge stash of cash at the moment when the market experiences a big decline, but market timing is so difficult that I am finding there is not much point in trying to do it. Given that I add new capital on a monthly basis, I think it is best to just make regular investments in whatever stocks have favorable valuations each month.<br /><br />It is an ongoing learning process, to be sure. But at least we are recognizing and learning from our missed opportunities.<br /><br />Cheers!Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-18619017939139667182012-01-30T20:59:47.463-05:002012-01-30T20:59:47.463-05:00Great purchase. I also purchased 20 shares of GD l...Great purchase. I also purchased 20 shares of GD late last year. I think GD is one of the strongest plays in the defense industry. <br /><br />I too have learned to get better with accepting a solid market price for a security and adding it to my portfolio. I also like to employ averaging down, especially if it's a precipitous price drop in an equity I particularly like. In the end, I'd like to think that 30 years from now it won't matter if you paid $69 or $65 for GD. It will be worth many times either of those numbers anyway if GD keeps doing its thing. The thing that matters is that you get the dividend growth machine working for you, instead of keeping it "off" until the right price comes...which may never come. <br /><br />I also missed a couple chances late last year. My big miss was Raytheon, another defense company. I looked at it in the low $40's and waffled back and forth on it and missed completely. I'm not saying I won't ever do that again..but I am learning.<br /><br />Of course, the monthly averaging strategy that I employ, and it looks like you do too, could be countered by investors like Buffett who hold on to large sums of cash and wait to unload when the market really goes south. I don't have access to huge amounts of capital so I like to purchase the most attractively priced equities on my watch list month in and month out. <br /><br />Hope that made sense. I wrote that comment kind of quickly. <br /><br />Best wishes!Dividend Mantrahttp://www.dividendmantra.comnoreply@blogger.com