Jun 30
As an investor, I have found the mental part of investing is the toughest pill to swallow. I can be disciplined about investing in dividends companies. I realize that dollar cost averaging reduces my exposure over the long term. However, watching your portfolio drop like a rock over the course of a few weeks really takes a toll on you. My first instinct is to sell it all and put all the money in a savings account. It is at these times I refer to my favorite quote from Dune by Frank Herbert.
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Jun 26
Medical technology company, Medtronic (MDT), made the news wires today. The company raised their quarterly dividend 50% to $0.1875 per share. After closer inspection, we find that Medtronic has tripled its dividend over the past six years.
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Jun 23
Did you hear the great news? Saudi Arabia is going to increase oil production. What’s that you say? There couldn’t have been good news? Why? Oh, because the market didn’t rise today? I see. Looks like investors continue to be wary of oil and banks. According to John McCain, the solution is to drill off the shores of the United States.
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Jun 16
We are half way through the first year of the Thoroughbred Folio. Our index is built on the Dividend Aristocrats. A select group of S&P 500 companies that have increased dividends for at least 25 consecutive years. The list will get a little shorter next time the Dividend Aristocrat list is updated, as KeyCorp decided to cut their dividend in half last week. The stock is trading at a 17 year low. It should not come as a surprise following weak earnings in the banking sector since last year.
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Jun 02
Just when you thought it was safe to look at financials again. Today Wachovia handed their CEO, Kennedy Thompson, his walking papers. Speculation is that this signals another quarterly loss for the troubled bank. Thompson was instrumental in growing Wachovia through acquisitions since his tenure started in 2000. Look out below financial sector! Which CEO will be next?
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