Dividend stocks and DRIPs as a long term investment vehicle
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re: Dividend stocks and DRIPs as a long term investment vehicle
Posted by jimbeam on 6/25 at 6:47 am to wegotdatwood
correct.

pay taxes to put in. if follow the rules, never pay taxes again



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Posted by fishfighter on 6/25 at 7:26 am to jimbeam
This shite is still going on? I'm sure the so called "pros" are all against Big Fella. Myself, if I had the info he put out 35 years ago, I would of took it.

I had my dealing with the so called "pros" and yes, they lost a shite load of moneys for me. It took me a good 7 years to make up what they lost for me. Once I took over my moneys, I been having a 13+% avg return on my moneys the last 8 years. To do this, I spend a lot of time reading up into the markets every day. The avg Joe really doesn't have the time or doesn't want to.


Oh, did I say I'm retired? Was forced into it due to my health, but thank God I was planning on retiring at 57.



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Posted by wegotdatwood on 6/25 at 7:27 am to jimbeam
Nice, so, money and dividends tax free. Only downside is not lowering taxable income, but seems like a good deal if the gov doesn't screw things up later.


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Posted by fishfighter on 6/25 at 7:41 am to wegotdatwood
quote:

To all: With dividends in my roth ira be tax free while it's in and I haven't drawn out? Or, will I pay taxes each year on them?


I see a big tax change coming on this in the future.

What I see is that the government will drop peoples SS as they start drawing from there retirement funds. That or drop a tax increase on lower income people and tax all income.



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Posted by Jake88 on 6/25 at 8:20 am to ThaBigFella
I have about 12% of my investments in dividend paying stocks( pep, xom, clx,etc.) but because I have a 401k, I cant routinely invest in stocks.

Are there any dividend paying funds with fidelity that you know of that pay out, increase dividend and generally perform like an xom, mcd, pm?


I have fkinx with a 6% yield outside of my 401k. Will that perform like a dividend paying blue chip? Thanks.



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Posted by gatorsimz on 6/25 at 8:32 am to Jake88
quote:

Are there any dividend paying funds with fidelity that you know of that pay out, increase dividend and generally perform like an xom, mcd, pm?



FSDIX would hold many of those stocks.

Top 10 holdings are:

quote:

EXXON MOBIL CORP
CHEVRON CORP
PFIZER INC
PROCTER & GAMBLE CO
JOHNSON & JOHNSON
VERIZON COMMUNICATIONS INC
COCA COLA CO
SIMON PPTY GROUP INC - REIT
PHILIP MORRIS INTL INC
MICROSOFT CORP



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Posted by fishfighter on 6/25 at 8:57 am to Jake88
quote:

Are there any dividend paying funds with fidelity that you know of that pay out, increase dividend and generally perform like an xom, mcd, pm?


Look into each fund. They do break it down on what they own. You can do this on Fidelity's web site or other web sites.



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Posted by Jake88 on 6/25 at 9:09 am to gatorsimz
I'm not at a computer so I don't know if it's available to me. But, how do they determine what dividend amount their investors get? Do they just pay out the amount they get from the individual companies or do they use some formula that results in a lower dividend than if you as an individual hold those stocks on your own? I've read warnings about supposed dividend funds that pay out paltry dividends.


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Posted by fishfighter on 6/25 at 9:22 am to Jake88
Well, The "pros" don't work for free. Look at the cost of the fund you are looking at. That comes off the top before paying dividends. Each fund that holds X stock that pays dividends is split to how many outstanding shares is said fund.

Oh, I forgot. The more X fund takes in moneys, the more X fund shares there are. At the same time, X fund will be buying more stocks.

Hope this helps.


This post was edited on 6/25 at 9:26 am

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Posted by ThaBigFella on 6/25 at 9:33 am to fishfighter
I've noticed alot of the funds people have mentioned in this thread hold 1 common denominator.....PM

This post was edited on 6/25 at 9:34 am

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Posted by fishfighter on 6/25 at 9:46 am to ThaBigFella
quote:

I've noticed alot of the funds people have mentioned in this thread hold 1 common denominator.....PM


People are trying to play it safe more now then before.



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Posted by Ace Midnight on 6/25 at 10:59 am to ThaBigFella
quote:

I've noticed alot of the funds people have mentioned in this thread hold 1 common denominator.....PM


That makes sense for both "big brain" economics, plus your very commonsense analysis. You can't easily stop people from smoking. Outside the US and a select few other places, cigarette marketing is relatively unfettered. Outside of the U.S., I've noticed 70 to 90 percent adult smoking rates - in some cultures/communities it approaches 100 percent.

PM has not nearly reached market saturation in the developing world, and won't for 15 to 20 years. Also, as you've pointed out, it trades in every currency, not just dollars. (Visa is another example of this - Visa doesn't care about currency, it just converts on the fly, charges you a premium, and sends you the bill ).

Sure there's risk - the world's smokers could just quit tomorrow.



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Posted by tigerskin on 6/25 at 11:34 am to Ace Midnight
So basically, to fund retirement we need people to smoke, drink a lot of Cokes, eat McDonalds, and charge for things they can't pay for. What a crazy world. The things you don't learn in school.


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Posted by fratmonster on 6/25 at 11:40 am to tigerskin
quote:

to fund retirement we need people to smoke, drink a lot of Cokes, eat McDonalds, and charge for things they can't pay for
and gamble



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Posted by Volvagia on 6/25 at 11:43 am to fishfighter
Or add a sales tax.


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Posted by fishfighter on 6/25 at 11:49 am to tigerskin
quote:

So basically, to fund retirement we need people to smoke, drink a lot of Cokes, eat McDonalds, and charge for things they can't pay for. What a crazy world. The things you don't learn in school.


Only in America. Now the rest of the world wants what we have.



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Posted by windshieldman on 6/25 at 12:50 pm to fishfighter
fishfighter, whats the latest on your health? You still feel like you're hanging in there pretty good?

This post was edited on 6/25 at 12:51 pm

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Posted by jimbeam on 6/25 at 1:03 pm to tigerskin
there's a pro and con to everything.

unfortunately most people are on the con side, and those on the pro are looking to prosper to who knows what limit



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Posted by fishfighter on 6/25 at 3:21 pm to windshieldman
quote:

fishfighter, whats the latest on your health? You still feel like you're hanging in there pretty good?



Kind of if I can stay out the hospital for more then a month at a time. But really, I have my good days and those real shitty days.



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Posted by wegotdatwood on 6/26 at 10:49 am to ThaBigFella
quote:

ThaBigFella



Thoughts on where I should put my remaining $1500 in?

I have about $7,500 in PM at 91 and change.

Get PM at a lower price?

Buy V, KO, COP, or MCD instead? Long-term I think nat gas would be a great play? Any good companies there? I think COP is pretty big as others are in nat gas.

FWIW, I'm 24, wife 28 and we'll gross about 80 to 85. So, net of around 60k with 1 kid on the way.


This post was edited on 6/26 at 10:51 am

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