Search found 406 matches

by Stryker
Tue Jan 23, 2024 6:36 am
Forum: Investing - Theory, News & General
Topic: What goes up most often goes up higher
Replies: 23
Views: 5097

Re: What goes up most often goes up higher

Sounds like what investors like Jesse Livermore and in a later era Nicolas Darvas used to do.....until it didn't work anymore.

I was around when the Japanese stock market crashed over thirty years ago.....this after setting average annual returns of 20% since 1950.
by Stryker
Tue Jan 16, 2024 3:36 am
Forum: Investing - Theory, News & General
Topic: Finding stock price history for certain Canadian gold stocks?
Replies: 3
Views: 620

Re: Finding stock price history for certain Canadian gold stocks?

I am trying to research the stock price history since IPO for two now-delisted Canadian gold stocks. They are Franco-Nevada (the old one that was bought by Newmont Mining in early 2002; not the current one under the ticker FNV) and Euro Nevada Mining (this was purchased by the old Franco-Nevada in mid-1999). Both only traded on the Toronto Exchange (TSX/TSE)....although Franco-Nevada may have traded on the TSX Venture as well in addition to/in lieu of being on the main TSX. As far as I can tell from my research, none of these carried a US listing or ADR at all. They were traded--on the Toronto exchange--under the symbols FN (Franco-Nevada) and EN (Euro Nevada Mining). These weren't huge stocks by any means....but they weren't tiny little m...
by Stryker
Fri Jan 12, 2024 1:23 am
Forum: Investing - Theory, News & General
Topic: Article - $600K and live off dividends "forever"!
Replies: 66
Views: 15465

Re: Article - $600K and live off dividends "forever"!

I know of at least three retirees who have only around ten Canadian, mostly high yield stocks in their portfolios. Two of them I know have been doing it this way for over forty years. All three are older than me and I'm 74. I'm a bit more spread out with 32 Canadian stocks in seven sectors. Not all equal weighed. Some high yield and some low, but all pay a dividend. So yes, for us it's been a nice supplemental income that's grown faster than inflation over the last twenty years. Perhaps if we live long enough the income will help offset the monthly costs for a retirement/nursing home if we have to (but we're both trying to avoid that scenario as much as possible).
by Stryker
Thu Jan 11, 2024 12:34 pm
Forum: Investing - Theory, News & General
Topic: Stocks as part of inflation protection?
Replies: 23
Views: 2347

Re: Stocks as part of inflation protection?

As Edmund Faltermayer said in an article for Fortune magazine in 1990, regarding some trusts his mother had invested in.

"I was able to calculate how income from one of the trusts would have fared over the period from 1962 to 1977. The overall cost of living had doubled. But the dividends paid out on the stocks-hallelujah-had climbed slightly faster than the CPI."

https://money.cnn.com/magazines/fortune ... /index.htm
by Stryker
Thu Jan 11, 2024 1:47 am
Forum: Investing - Theory, News & General
Topic: Ronald Read the Janitor who amassed 8 million
Replies: 104
Views: 24447

Re: Ronald Read the Janitor who amassed 8 million

From an old book originally published in 1954, "How To Buy Stocks" by Louis Engel". A truncated version: There was the story of Nicholas J. Harvalis who came to the U.S. from Greece at the age of 15 years. He was without education and money, and he immediately went to work as a waiter in various cafes and restaurants operated by his countrymen in Omaha at wages which provided a bare living for him. He was unmarried and lived the many years in Omaha alone in a modest room. He was thrifty and spent his leisure time studying financial papers and books and also hours at the library poring over history and philosophy. On May 18, 1927 he became a citizen of the United States. About 1937, he started a systematic purchase of common s...
by Stryker
Tue Jan 09, 2024 1:26 pm
Forum: Investing - Theory, News & General
Topic: Article - $600K and live off dividends "forever"!
Replies: 66
Views: 15465

Re: Article - $600K and live off dividends "forever"!

As the late, great Peter L. Bernstein said in his 2005 article for the Financial Analysts Journal, "Dividends and the Frozen Orange Juice Syndrome".

"A generation that grows up drinking only frozen orange juice will forget that any other form of OJ exists; a generation that grows up thinking dividends and yields don't matter are like those OJ drinkers".
by Stryker
Tue Jan 09, 2024 8:22 am
Forum: Investing - Theory, News & General
Topic: Article - $600K and live off dividends "forever"!
Replies: 66
Views: 15465

Re: Article - $600K and live off dividends "forever"!

I've got five companies that usually (not always) announce a dividend increase just in January alone.

Since I never know in advance, always interesting to see those that do and by how much, and the others that don't.
by Stryker
Tue Jan 09, 2024 6:16 am
Forum: Investing - Theory, News & General
Topic: Article - $600K and live off dividends "forever"!
Replies: 66
Views: 15465

Re: Article - $600K and live off dividends "forever"!

Unfortunately, the website wants me to sign in so no, I didn't read the rest of the article. We don't live off the dividends in retirement, but we're lucky in that we can re-invest our dividends in both our individual equity all-Canadian taxable portfolio allocated to seven sectors and our tax free accounts that contain a global dividend indexed ETF. We both also have tax deferred accounts containing a global balanced index ETF but have to take a Canadian government minimum mandated withdrawal so no re-investment of distributions in that account. With re-investments from dividends and adding whatever we can save from pensions our Canadian taxable dividend portfolio is larger than our other portfolios combined. Over the long term dividend i...
by Stryker
Tue Jan 09, 2024 2:04 am
Forum: Investing - Theory, News & General
Topic: Article - $600K and live off dividends "forever"!
Replies: 66
Views: 15465

Re: Article - $600K and live off dividends "forever"!

Unfortunately, the website wants me to sign in so no, I didn't read the rest of the article. We don't live off the dividends in retirement, but we're lucky in that we can re-invest our dividends in both our individual equity all-Canadian taxable portfolio allocated to seven sectors and our tax free accounts that contain a global dividend indexed ETF. We both also have tax deferred accounts containing a global balanced index ETF but have to take a Canadian government minimum mandated withdrawal so no re-investment of distributions in that account. With re-investments from dividends and adding whatever we can save from pensions our Canadian taxable dividend portfolio is larger than our other portfolios combined. Over the long term dividend in...
by Stryker
Sun Jan 07, 2024 3:15 am
Forum: Investing - Theory, News & General
Topic: Sector Level Investing - Has the last 4 years being extremely unusual?
Replies: 27
Views: 3199

Re: Sector Level Investing - Has the last 4 years being extremely unusual?

In the Canadian taxable portfolio I'll now be entering my fourteenth year of sector diversification. That all got started after having invested going through the tech rise and then the subsequent collapse in the early 2000's. Next up was the financial crisis of 2008 to early 2009. Perhaps looking back it wasn't a good idea to have 50% of the portfolio in Canadian financial companies, but I got away with it because we only had one dividend cut from that sector in Canada. I've also been through the Black Monday crash of 1987, but then it seemed everything went down, but I didn't have a lot of money in these days and just held on like you were supposed to. Come 2010 when the investment clouds seemed to dissipate I decided to reorganize the por...
by Stryker
Fri Jan 05, 2024 1:10 pm
Forum: Investing - Theory, News & General
Topic: How do you get out of value investing
Replies: 30
Views: 5126

Re: How do you get out of value investing

In the last forty years, the only time I strayed a bit from value investing was in the late 90's (tech bubble, what else). Since then, it's been mostly value with a focus on dividends and I haven't looked back since. When the crowd is going one way, I go the other direction. No market timing. I always find a company lagging when I have the cash.
by Stryker
Wed Dec 20, 2023 2:34 am
Forum: Investing - Theory, News & General
Topic: Strategies for supplementing a Small Fixed Pension
Replies: 24
Views: 4128

Re: Strategies for supplementing a Small Fixed Pension

We're lucky in that we can still save in retirement. Our supplemental income portfolio was started exactly twenty years ago. I calculate in another year or so we'll have more income from it than what we get from our "combined" work pensions. Income by the end of this month should be up around 10% more than last year's income from this mini-conglomerate of individual dividend paying Canadian companies we own shares in. I'm sure others will say there were better more lucrative ways of doing it, but that's only the rear view mirror effect. Not theory. It's worked just fine for us. My only regret is I didn't start this much earlier. Then again, we had to save for a house back in the 90's and a bull market in a few of our individual st...
by Stryker
Fri Jul 28, 2023 8:29 am
Forum: Investing - Theory, News & General
Topic: Why is there no global market portfolio ETF?
Replies: 33
Views: 5126

Re: Why is there no global market portfolio ETF?

I could be wrong but it seems to me that Jonathan Clements posed a similar question earlier this month, along with many more questions on top of that.

No Right Way

Jonathan Clements | Jul 8, 2023

"Want to know what’s the “right” way to index? Arguably, you should own the ultimate in diversification, which is the global market portfolio—every stock and bond, U.S. and foreign, weighted according to its market value. This is the mix that reflects the collective judgment of all investors everywhere and should offer the highest risk-adjusted expected return."

https://humbledollar.com/2023/07/no-right-way/

------------------------------------

Credit to ndir.com. Just took me a while to remember which title it was under.
by Stryker
Mon Jul 24, 2023 2:51 pm
Forum: Investing - Theory, News & General
Topic: Dividend funds for low expected returns?
Replies: 17
Views: 1975

Re: Dividend funds for low expected returns?

Dividends are terribly important for me while in retirement. That's what I use along with any savings to buy more shares, so I can in turn get more cash, and the compounding continues. Perhaps twenty years later Robert Arnott's "Dividends and the Three Dwarfs" is no longer valid in the U.S. Here, in Canada I've found it's worked just fine since 2003 at least for me, so thank you very much Robert. https://www.researchaffiliates.com/content/dam/ra/publications/pdf/p-2003-march-dividends-and-the-three-dwarfs.pdf $10 stock before dividend payment: total $10 Stock pays $1 dividend You now have a $9 stock and $1, for a total of $10. If you reinvest the $1, you now have one $9 share and 1/9 of a $9 share for a total worth of $10. (Alter...
by Stryker
Mon Jul 24, 2023 1:48 pm
Forum: Investing - Theory, News & General
Topic: Dividend funds for low expected returns?
Replies: 17
Views: 1975

Re: Dividend funds for low expected returns?

Dividends are terribly important for me while in retirement. That's what I use along with any savings to buy more shares, so I can in turn get more cash, and the compounding continues.

Perhaps twenty years later Robert Arnott's "Dividends and the Three Dwarfs" is no longer valid in the U.S. Here, in Canada I've found it's worked just fine since 2003 at least for me, so thank you very much Robert.

https://www.researchaffiliates.com/cont ... dwarfs.pdf
by Stryker
Mon Jul 24, 2023 6:08 am
Forum: Investing - Theory, News & General
Topic: Dividend funds for low expected returns?
Replies: 17
Views: 1975

Re: Dividend funds for low expected returns?

TheContrarian wrote: Sun Jul 23, 2023 1:41 pm
Yes, that's why I have 50% of my portfolio in non-US stocks. However, international stocks aren't even yielding 3% anymore.
We're getting over 3% in our iShares Core MSCI Global Quality Dividend Index ETF up here in Canada. Our much larger investment in all Canadian individual dividend growth stocks which I've been building since 2003 has a present yield of around 4%.
by Stryker
Fri Mar 24, 2023 2:34 pm
Forum: Investing - Theory, News & General
Topic: "experienced" investors: is this time different?
Replies: 377
Views: 54104

Re: "experienced" investors: is this time different?

Myself included (I am 42 years old), many forum members didn't live through the emotional investing "tolls" brought on by the 2000 dot com bust or the great recession of 2008/2009. Some older BH's even saw the challenges presented by earlier time periods in the 60s and 70s. For what it is worth, I don't consider those that survived the "crash" of March 2020 as battle tested. For those that have actually lived and invested during these time periods (70s, 2000s, 2008/2009), i am curious to hear how you see the current investing landscape. There is no shortage of "wisdom" from younger (hindsight) professionals throwing out CAPE figures, soft new-economy stats, etc., but in this case I am more interested in hearin...
by Stryker
Fri Mar 24, 2023 8:47 am
Forum: Investing - Theory, News & General
Topic: Why not follow Buffett’s mantra?
Replies: 134
Views: 13430

Re: Why not follow Buffett’s mantra?

“Buy when others are fearful”. Does it make sense to back up the truck to sector funds such as financials? Seems like a good time to get a huge discount. You might have to sit on it until it rebounds but you would do that with any holding. What would having 10-15% of portfolio in this matter as far as the downside. Could go down more. If it does just DCA into it. Is this any worse or riskier than holding something such as a REIT fund at these percentages? I've done something similar since 2010. Whichever sector in our own taxable portfolio is lagging, gets any fresh cash accumulated. I only failed once as a contrarian investor and that was back in the late 90's when I bought a few expensive tech stocks (Nortel, JDS Uniphase, and Research i...
by Stryker
Mon Mar 20, 2023 12:58 pm
Forum: Investing - Theory, News & General
Topic: Can $311B invested be wrong?
Replies: 68
Views: 7252

Re: Can $311B invested be wrong?

I guess I am focused on whether it is rational to pursue an dividend-focused strategy. Countless posts on the forum make the case that it is not. Is there a scenario where a dividend focused strategy is rational? I've been doing a dividend focused strategy in a taxable portfolio for well over thirty years now, just not in a fund. Even before that, going through the 1987 crash I held a dividend paying department store chain along with some mining shares. I got a double out of the department store before selling it, but the mining shares didn't do much. I adapted and refined my policy of what to buy and "mostly" hold over the next few decades. Simple investing. I don't make it complicated. What works fine for me here in Canada, may...
by Stryker
Thu Mar 16, 2023 2:18 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix: International Diversification.
Replies: 475
Views: 27777

Re: Ben Felix: International Diversification.

I do have some international equity (and that includes the U.S.) in both an indexed global equity ETF (tax free account) and an indexed global all-in-one balanced ETF (tax deferred account). Other than that the majority of the assets are in Canadian equity.....home bias. Over the last ten years, U.S. equity has had a massive winning streak, no doubt about it, but...... when I look back at the performance figures "over" twenty years, I see nothing impressive about the returns from the U.S. versus Canada. Always time dependent of course. Over the last twenty plus years the Canadian TSX has absolutely thumped international stocks ex-U.S. but over the last ten years it's close performance wise. Even using the "real" return p...
by Stryker
Mon Mar 13, 2023 6:18 am
Forum: Investing - Theory, News & General
Topic: Dividends and sequence risk
Replies: 64
Views: 6066

Re: Dividends and sequence risk

Our second DIY individual equities portfolio got started in 2003. All dividend stocks in the taxable account. We only had two years of declining income in all these years and that was 2010 and 2012. Not a big deal. I did some shuffling of assets in the portfolio. Other than that, income from dividends keeps increasing. Up 11.8% in 2022 compared to the previous year using combined savings and cash from dividends to reinvest and that's in retirement. I never got pay raises like that when I was a working stiff, so I have no complaints.

If others want to live off capital gains in retirement, I've seen it done. Just not my interest.
by Stryker
Tue Mar 07, 2023 1:33 am
Forum: Investing - Theory, News & General
Topic: Buffett's KO investment [Coca-Cola Company]
Replies: 36
Views: 4912

Re: Buffett's KO investment [Coca-Cola Company]

I don't own any KO directly, but at present I own shares in five different enterprises that sell Coca-Cola directly to the public (among other products of course). All five companies pay dividends, and growing one's at that. I wouldn't have it any other way. So when in this year's released Berkshire annual report Buffett counts up his dividends from KO, I just smile knowingly.

"The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend
had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie
and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks
are highly likely to grow."
by Stryker
Mon Mar 06, 2023 5:02 am
Forum: Investing - Theory, News & General
Topic: Buffett's KO investment [Coca-Cola Company]
Replies: 36
Views: 4912

Re: Buffett's KO investment [Coca-Cola Company]

I gleaned this from page 328 of Roger Lowenstein"s excellent 1995 book "Buffett The Making Of An American Capitalist".

"Several times every year a weighty and serious investor looks long and with profound respect at Coca-Cola's record, but comes regretfully to the conclusion that he is looking too late."

Fortune 1938
by Stryker
Sun Mar 05, 2023 2:59 am
Forum: Investing - Theory, News & General
Topic: MSCI China Index 1992-present
Replies: 18
Views: 2887

Re: MSCI China Index 1992-present

The last "free" pdf summary report I could find with data for China in The Credit Suisse Global Investment Returns Yearbook was for 2021.

Annualized real returns for equities in China:

1993 - 2020 5.3%

2001 - 2020 11.0%

Briefly, the report mentions:

China’s astonishing GDP growth was not accompanied by superior investment returns.
by Stryker
Fri Mar 03, 2023 2:55 am
Forum: Investing - Theory, News & General
Topic: Buffett's KO investment [Coca-Cola Company]
Replies: 36
Views: 4912

Re: Buffett's KO investment [Coca-Cola Company]

Referring to Berkshire's annual report and in turn Coca-Cola and American Express, Buffett says: "These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices." As Buffett also says: "Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow." That's basically what I find in my own portfolio of individual stocks. It's very slow, but over time the dividends grow and most of the time the value of the assets seem to grow along with them. Of course having the ability in my case to re-invest the dividends in the same or other corpora...
by Stryker
Wed Feb 22, 2023 1:30 pm
Forum: Investing - Theory, News & General
Topic: "Crazy’ Retirement Portfolio Has Just Beaten Wall Street for 50 Years"
Replies: 15
Views: 3796

Re: "Crazy’ Retirement Portfolio Has Just Beaten Wall Street for 50 Years"

Ramsey's portfolio allocation is not quite the same as Gerald Perritt's "all-weather" portfolio I saw he first recommended to investors back in the late 80's, but certainly has some definite similarities. https://www.latimes.com/archives/la-xpm-1990-07-08-fi-494-story.html " He recommends a multifund approach that can be followed by anyone with $15,000 or so to invest. He suggests buying a fund in each of these seven classes: large stocks, small stocks, international equities, international bonds, U.S. bonds, precious metals and money markets. Perritt recommends more or less equal investments in these categories, with periodic adjustments to bring the weightings back in line." ....and no, Ray Dalio was not the first to s...
by Stryker
Sat Feb 18, 2023 4:12 am
Forum: Investing - Theory, News & General
Topic: More doubt about preference for dividends
Replies: 36
Views: 5592

Re: More doubt about preference for dividends

As the late Peter L. Bernstein said in the 2005 Financial Analysts Journal "Dividends and the Frozen Orange Juice Syndrome":

"A generation that grows up drinking only frozen orange juice will forget that any other form of OJ exists; a generation that grows up thinking dividends and yields don't matter are like these OJ drinkers."
by Stryker
Thu Feb 16, 2023 8:09 am
Forum: Investing - Theory, News & General
Topic: The Dangerous Allure of Individual Stocks
Replies: 91
Views: 14256

Re: The Dangerous Allure of Individual Stocks

If there's a dangerous allure in owning shares in individual stocks I haven't noticed. The first taxable portfolio of individual equities was sold in the late 90's to put a substantial down payment on the house we still live in. Once the mortgage was paid off within three years, a new taxable portfolio of individual stocks got started in 2003 and I haven't looked back since. Over time our assets grow even in retirement. More importantly our income gets larger and as long as it outperforms inflation that's all I care about. The income grows faster than any wage increases I got when I was in the work force. The only thing I do is to to see whether the dividend in each company has increased and if so by what percentage. A bit of maintenance e...
by Stryker
Thu Feb 16, 2023 5:12 am
Forum: Investing - Theory, News & General
Topic: The Dangerous Allure of Individual Stocks
Replies: 91
Views: 14256

Re: The Dangerous Allure of Individual Stocks

If there's a dangerous allure in owning shares in individual stocks I haven't noticed. The first taxable portfolio of individual equities was sold in the late 90's to put a substantial down payment on the house we still live in. Once the mortgage was paid off within three years, a new taxable portfolio of individual stocks got started in 2003 and I haven't looked back since. Over time our assets grow even in retirement. More importantly our income gets larger and as long as it outperforms inflation that's all I care about. The income grows faster than any wage increases I got when I was in the work force. The only thing I do is to to see whether the dividend in each company has increased and if so by what percentage. A bit of maintenance e...
by Stryker
Wed Feb 15, 2023 4:04 pm
Forum: Investing - Theory, News & General
Topic: The Dangerous Allure of Individual Stocks
Replies: 91
Views: 14256

Re: The Dangerous Allure of Individual Stocks

If there's a dangerous allure in owning shares in individual stocks I haven't noticed. The first taxable portfolio of individual equities was sold in the late 90's to put a substantial down payment on the house we still live in. Once the mortgage was paid off within three years, a new taxable portfolio of individual stocks got started in 2003 and I haven't looked back since. Over time our assets grow even in retirement. More importantly our income gets larger and as long as it outperforms inflation that's all I care about. The income grows faster than any wage increases I got when I was in the work force. The only thing I do is to to see whether the dividend in each company has increased and if so by what percentage. A bit of maintenance ev...
by Stryker
Tue Feb 14, 2023 9:23 am
Forum: Investing - Theory, News & General
Topic: Re-reading Intelligent Investor
Replies: 8
Views: 1740

Re: Re-reading Intelligent Investor

When I first read Ben Graham about forty years ago, for some reason I thought I had to be an "enterprising investor". When I re-read his book many years later I realized within my own personal circle of competence that I'd be better off switching to being a "defensive investor". " The defensive (or passive) investor will place his chief emphasis on the avoidance of serious mistakes or losses. His second aim will be freedom from effort, annoyance, and the need from making frequent decisions. " Once I realized what Ben was really saying, whether in my own case buying shares of individual Canadian companies or passive global index funds and then later the same in all-in-one ETF's, investing started to be profitabl...
by Stryker
Thu Feb 09, 2023 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is your asset to liability ratio? How low would you be willing to take it?
Replies: 56
Views: 3926

Re: What is your asset to liability ratio? How high would you be willing to take it?

Zero liabilities the last twenty years. We're retired and I'm debt averse and so is my wife, so not interested in acquiring any liabilities.

We do like equity assets though, especially the ones that pay us cash, and still adding to them, over the long term.
by Stryker
Mon Feb 06, 2023 9:02 am
Forum: Investing - Theory, News & General
Topic: Portfolio swings when working compared to retired
Replies: 98
Views: 9108

Re: Portfolio swings when working compared to retired

I've been retired since 2005 here in Canada and every year of retirement I've been able to add at least some cash to our portfolios. I've been investing since the time where up here we could get 18% on fixed income. The scariest market for me was 1987, but I sat through it all while still investing, then again we didn't have a lot of assets at risk. Since then the markets have had their ups and downs but I've found I can invest whenever we have the cash in any type of market, whether bull or bear. I somehow keep repeating the word cash, but it's cash from dividends and distributions combined with any savings that allow us to build up our assets even in retirement. I wasn't born with a silver spoon, and I don't even have a university educati...
by Stryker
Sun Oct 22, 2017 5:04 am
Forum: Investing - Theory, News & General
Topic: Revised Version The Little Book of Common Sense...
Replies: 31
Views: 5433

Re: Revised Version The Little Book of Common Sense...

Trying to find the sources for John Bogle's latest quotes in the 10th anniversary edition on his website but not having much luck.

Only found for the 2007 edition.

http://johncbogle.com/wordpress/the-little-book/

Perhaps I just overlooked it. Anyone see anything else on there for the 2017 book?
by Stryker
Fri Oct 20, 2017 4:46 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 29
Views: 4043

Re: 4% SWR Rule in Other Countries

Does The 4% Rule Work Around The World?

by Wade Pfau, Ph.D., CFA
June 30, 2016

-------------------------------------------

Also old bogleheads thread started in 2007

viewtopic.php?t=9609
by Stryker
Fri Oct 20, 2017 1:45 pm
Forum: Investing - Theory, News & General
Topic: Revised Version The Little Book of Common Sense...
Replies: 31
Views: 5433

Re: Revised Version The Little Book of Common Sense...

Stryker wrote: Thu Oct 19, 2017 12:56 pm Ordered revised version from Indigo along with Millionaire Teacher Second Edition. Both due Oct 23rd with free delivery.
Received my copy (early) in the mail just a few minutes ago. The old 2007 issue I used to get from the library occasionally. Now finally I have the 10th anniversary edition.

Many thanks, for the heads up.
by Stryker
Thu Oct 19, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Revised Version The Little Book of Common Sense...
Replies: 31
Views: 5433

Re: Revised Version The Little Book of Common Sense...

Ordered revised version from Indigo along with Millionaire Teacher Second Edition. Both due Oct 23rd with free delivery.
by Stryker
Thu Oct 19, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 55
Views: 8217

Re: Warren Buffett Books

"Snowball" I borrowed from the library a few years ago and skimmed through it. To be honest it wasn't Buffett I was interested in reading the book for, but about my other investment hero "Walter Schloss". Yes! It seems there is a constellation of investors around buffett that would be interesting to read about. Schloss and Munger both come to mind. Can you let me know of any other books about Schloss? Mostly excerpts from interviews and perhaps a few pages in books. I should let you know that in Super-Money pages 188-189, Walter Schloss gets tagged with the name Herbert. "Making Money Out Of Junk" Forbes August 15, 1973 There was a lengthy interview with him and his son (Edwin) in Outstanding Investor Digest. ...
by Stryker
Thu Oct 19, 2017 8:32 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 55
Views: 8217

Re: Warren Buffett Books

"Buffett - The Making of an American Capitalist" I still have in my home book shelf. Read it at least a couple of times over the years, and of the few books I've read about Buffett, most certainly my favourite.

"Snowball" I borrowed from the library a few years ago and skimmed through it. To be honest it wasn't Buffett I was interested in reading the book for, but about my other investment hero "Walter Schloss". Talk about an underdog, no university education, least likely to succeed. He sure showed them with his cigar butt style of investing. I first read about him in the 1972 book "Super-Money" by Adam Smith. He's gone now, but I just loved the guy.
by Stryker
Tue Oct 10, 2017 2:23 am
Forum: Investing - Theory, News & General
Topic: Investing Books Debunked
Replies: 24
Views: 5866

Re: Investing Books Debunked

The Intelligent Investor It's super interesting until you realize the author's recommendation at the end of his life was "Just buy an index fund." I think if you go back to at least the early 60's, Ben Graham at least tried to give a big hint as to how investors might replicate one, but the first actual index fund didn't appear until over a decade later. http://jasonzweig.com/would-benjamin-graham-have-hated-index-funds/ Thanks for the link above. I found it very interesting. In my original post, I was actually referring to Benjamin Graham's 1963 speech in San Francisco. http://jasonzweig.com/a-rediscovered-masterpiece-by-benjamin-graham/ "I think the third and most important reason why the investor should not be led to emph...
by Stryker
Mon Oct 09, 2017 4:45 pm
Forum: Investing - Theory, News & General
Topic: Dividends growing at higher rates than inflation?
Replies: 9
Views: 1342

Re: Dividends growing at higher rates than inflation?

I don't normally purchase a stock unless it's dividend has grown faster than inflation over the last 5 to 10 years. So far, out of 29 equities, I've only had one dividend cut this year. After I already sold it, some white knight came over the horizon from Omaha to help prop it up.

Most of the other stocks have already had decent increases. Waiting on a few others, that normally declare their dividend increases towards the end of the year. Beats the crummy less than inflation increases I used to get as a wage slave over a decade ago.
by Stryker
Fri Oct 06, 2017 12:44 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 212
Views: 27081

Re: Dividends vs. Capital Gains for Spending Needs?

I've been retired for well over ten years and I'll just continue doing with individual stocks what I've always been doing for many years now. Re-invest my dividends which have been growing faster than inflation. Perhaps others were already rich or had great paying jobs in their working life so could build up a large cache of assets. I never had that luxury. Now I'm making up for lost time, and building up our own little empire. No debts, plenty of cash, assets growing, yearly income growing, I'll take it any day. Of course you reinvest your dividends. They are part of the return. You are also reinvesting your capital gains which are also part of your return. Well, I think I can also call it re-allocation of capital. Going back to the early...
by Stryker
Fri Oct 06, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 212
Views: 27081

Re: Dividends vs. Capital Gains for Spending Needs?

I've been retired for well over ten years and I'll just continue doing with individual stocks what I've always been doing for many years now. Re-invest my dividends which have been growing faster than inflation. Perhaps others were already rich or had great paying jobs in their working life so could build up a large cache of assets. I never had that luxury. Now I'm making up for lost time, and building up our own little empire. No debts, plenty of cash, assets growing, yearly income growing, I'll take it any day.
by Stryker
Thu Oct 05, 2017 4:08 am
Forum: Non-US Investing
Topic: Investment options for Expats
Replies: 2
Views: 700

Re: Investment options for Expats

You may want to check out Andrew Hallam's blog. He's the author of "The Global Expatriate’s Guide To Investing" and "Millionaire Teacher".

https://andrewhallam.com/
by Stryker
Tue Oct 03, 2017 1:46 pm
Forum: Investing - Theory, News & General
Topic: Investing Books Debunked
Replies: 24
Views: 5866

Re: Investing Books Debunked

White Coat Investor wrote: Sat Sep 30, 2017 12:09 am
The Intelligent Investor

It's super interesting until you realize the author's recommendation at the end of his life was "Just buy an index fund."
I think if you go back to at least the early 60's, Ben Graham at least tried to give a big hint as to how investors might replicate one, but the first actual index fund didn't appear until over a decade later.
by Stryker
Thu Aug 10, 2017 9:34 am
Forum: Investing - Theory, News & General
Topic: New Dividends Appreciation data series - backtesting
Replies: 112
Views: 15902

Re: New Dividends Appreciation data series - backtesting

I still remember David Dreman's study back in 2004.

"Why Dividends Matter"

https://www.forbes.com/forbes/2004/0419/106.html
by Stryker
Wed Aug 02, 2017 6:08 am
Forum: Investing - Theory, News & General
Topic: Rising dividends good sign or neutral or bad
Replies: 14
Views: 1901

Re: Rising dividends good sign or neutral or bad

What a lot of people don't seem to realize is that it's not just about rising dividends, but along with these dividends quite often, but not in all cases, in a good market like we've had the last few years, the companies capital gains tend to go up over time in line with these dividend increases. This is not a static portfolio by any means. At least that's been my own personal experience. In the market of 2008 the portfolio of Canadian individual dividend growth stocks held up quite well, considering what it went through.
by Stryker
Tue Aug 01, 2017 3:06 pm
Forum: Investing - Theory, News & General
Topic: Rising dividends good sign or neutral or bad
Replies: 14
Views: 1901

Re: Rising dividends good sign or neutral or bad

skor99 wrote: In my view, rising dividends ( actual dollars and not just yields) are a signal that companies have confidence in the future as they generally never want to decrease dividends.
A dividend increase is a good signal, but not a perfect signal. I've had one company in the portfolio declare a dividend increase in Nov 2016 and then suspend the dividend in May. I don't win them all, but the portfolio is still doing fine.
by Stryker
Mon Jul 31, 2017 5:24 am
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 32602

Re: Living Off Dividends

If there's a long term study out there showing that a subset of large company equities with low or no dividend yields outperform the highest yielding large stocks, I've yet to see it.
by Stryker
Sun Jul 30, 2017 6:06 am
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 32602

Re: Living Off Dividends

My wife and I both have pensions so that's always something to fall back on if things get rough. I have 28 individual equities in my all Canadian dividend growth portfolio and I don't spend anymore time on it in retirement than I do on the index investments on the other side of our assets. The dividend portfolio funds the maximum my wife and I are allowed in the tax free accounts. We usually have around $5000 left over each year to re-invest into the taxable dividend portfolio. Retirement has been the best part of my life.