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re: buy and hold?
Posted on 6/20/13 at 6:05 pm to ThaBigFella
Posted on 6/20/13 at 6:05 pm to ThaBigFella
quote:Except, to be fair, the OP question related to "buy and hold."
I just don't see the point of owning SPY which has a 2% yield
quote:Many folks talking "buy and hold" actually mean "buy and forget about it" (for extended periods). In those circumstances high quality MFs are a reasonable option. In fact, I'd argue diversified MFs are a dissociated investor's best option. Individual equities . . . not so much. Not sure we ferreted out what the OP "buy-and-hold" thesis was, after-tax performance vs attentiveness vs other.
I can build my own mutual fund of companies that all yield 3-5%
IMO post-tax returns/profits in the post-March'09 market have better been attained via trading range strategies, than with buy-and-hold. But like you, we stay on top of this stuff daily.
Posted on 6/20/13 at 6:10 pm to NC_Tigah
agree NC tigah, All I can say is I had been saving and investing heavily since my first real job at 21 until last year when I had this windfall and inherited a big business from an uncle.
In 13 years I was up to close to $32k/year in annual dividends, and my goal was to reach $75k and quit working all together bc I figured $75k in income and not having to save anymore would be plenty for me. If I had been all in on say SPY that $30k/year in income would have been closer to $15k so for me and my particular goals of an early retirement, I went straight for the big dividend payers and some of those I locked in 2008/9 like altria was paying 9% then?!?!?!
Man I could only pray for a correction like that today bc I have alot more cash on the sidelines waiting.
In 13 years I was up to close to $32k/year in annual dividends, and my goal was to reach $75k and quit working all together bc I figured $75k in income and not having to save anymore would be plenty for me. If I had been all in on say SPY that $30k/year in income would have been closer to $15k so for me and my particular goals of an early retirement, I went straight for the big dividend payers and some of those I locked in 2008/9 like altria was paying 9% then?!?!?!
Man I could only pray for a correction like that today bc I have alot more cash on the sidelines waiting.
This post was edited on 6/20/13 at 6:12 pm
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