Here's the basic plan; please critique. Current age: 51 Earliest possible retirement age: 55 Minimum Threshold for 55-59 retirement Taxable account: $3 million 401k: $1.5 million When I decide to retire, I take $1.5 million of the taxable account and put it into high dividend payers - my favorite being OMF - and average 8%.  8% of $1.5 million = $120,000 per year.  I let that cash build up in a high yield savings account.  I keep the 401k in a strong performing fund like the S&P 500 index or a similar large cap growth fund.  I start taking funds monthly fro ..read more

https://www.youtube.com/watch?v=j3qiDOL5V4M Meeting--CNBC https://www.youtube.com/watch?v=lYI8JNwoZxk WB's tribute to CM https://www.youtube.com/watch?v=0h0272OhAig Mario Gabelli talking about wealth creation and BRK I've gone twice and highly recommend it ..read more

With a few DGI members moving to a larger cash position, and quite a few comments mentioning that the market is overvauled. It made me begin to wonder? Is the market overvauled? Are we due for a market correction? A recession? Or something worse? I would say aside from something horrible happening "Or something worse?" can be removed from the thought of "What's going to happen?" What do we know? Inflation came down and is now kind of stuck in place--so it's sticky, the consumer is not happy but is not panicking, the housing market is not great--why would it be?? Lot's of people hav ..read more

Previous winners 2019 - Fenders53 2020 - Divemenow 2021 - kblake 2022 - ChadR 2023 - rayray We didn't get this off the ground on time to start from day one, but I think it would still be fun to get a list put together for 2024. Let's give it all next week for people to get their picks in, then we will start calculating results beginning from the January 12 close and running until the close on December 31, 2024.   Enter your picks anytime.  You may edit them as often as you like until the contest starts. Here are the rules for 2024: 1. &nbs ..read more

Has anyone done much research on the Yieldmax group of ETFs? TSLY AMZY USOI etc ..read more

Is anybody planning to exchange any of their JNJ for some KVUE? Honestly, I've been googling a while and have yet to find a simple, clear explanation of the split-off and the dynamics behind an investor's decision to participate. Anybody want to weigh in? For starters, if it were a spin-off, we'd keep all of our JNJ shares and just also get shares in the new company. The value of the JNJ shares would decline, as it loses a large segment of revenues. But you get that same segment of revenues in the new company, so the value proposition rests on whether there are reasons each company might do ..read more

https://finance.yahoo.com/news/ask-advis...32909.html The middle section caught my eye: Since we haven’t met, I’m not sure how much you’ve scrutinized the idea of dividend investing for retirement income. You may have researched it thoroughly and are perfectly comfortable with this strategy. If you haven’t, it’s important to point out some of the common misunderstandings of dividend investing. To be clear, I do not encourage retirees to rely on dividends due to several shortcomings: Dividends aren’t anything extra. They are an integral part of a stock’s total return. Spending ..read more

I haven't been following the Red Sox much this year.  I will explain. It all started in 2018, our World Series year with such an amazing team.  But Chris Sale was toast by the end of the season, yet inexplicably despite all the evidence suggesting his arm was about to fall off, they gave him a huge contract extension.  This was to lay the groundwork for all the problems to come. Next, the Sox let Mookie Betts go because they couldn't afford him.  That was awful.  Still, they said that by doing this, they'd be able to hold onto other stars like Xander Bogaerts ..read more

It was mentioned on SA that poster Ron Smith passed away in a car accident, and that his wife is in the hospital with a punctured lung. It was mentioned by Chowder, another poster on SA. Very sad news--he was here too ..read more

Washington Post has an interesting article today digging into the data sets that various AI models are trained on. It includes a tool that lets you type in any web address and see if it is included in one of Google's big sets ("C4"). Of websites that begin with the words "dividendgrowth..." we're the second highest rank, with 150k "tokens," whatever that means:   Screenshot 2023-04-19 at 12.25.11 PM.png (Size: 262.61 KB / Downloads: 1) Eric's website is in there too, with 40k tokens. I guess this is not really surprising, but still ..read more