After my super-long hiatus, I am finally getting around to updating my individual stock spreadsheets. I did KO last night, and was surprised at how poor the numbers are looking. Earnings have at best stalled out or at worst have faltered badly in the last couple of years. As a result, the payout ratio is unsustainable. Anyone have any thoughts about whether and how they're going to get earnings back on track? Are they sitting on a large cash pile to ride this out? How long can they ride before it starts being reflected in the share price.
From a dividend yield perspective, this would seem like a good time to buy, and one of my favorite strategies is buying best-of-breed companies when they are going through periodic troubles. Is this one of those opportunities?
Just dropped 10% today. I am thinking of dipping my toes in the water. They appear to have some problems, but as far as I can tell, all of them seem solvable. I have to believe that good things tend to happen to companies with strong margins. Any thoughts?
To those who follow APD - not yet undervalued, but lately came on my watchlist. The yield is getting to about 3% where I'd jump in. Managable debt, cash flow in good shape again since a few years, dividend champion, very good dividend growth rate. What are the downsides?
I'm walking away from my tax accountant. As my father was a CPA, I got all my taxes done for free until he passed away about 6 years ago. The first fellow I hired was great--even reminded me a little of Dad--and then he retired (selling the firm). I've been through 3 accountants there since then (they keep quitting) in as many years. And the price vs. service is at such a wide divergence as to warrant action.
Therefore, I'm going to give automation a try (seeing as must brokerages, banks, etc will download directly to one or more of the tax platforms). Turbo Tax seems the no-brainer here, but I thought I'd ask you all what you prefer.
Just for some background: I have a considerable income from CA-Muni's and corporate bonds, the rest comes from RIETS, MLP's and C Corp equities.
I earn about $10,000 from property rentals, and a bit more from part-time teaching, with a little independent contractor work here and there.
Obviously, the W-2, 1099's, etc are not the challenge, but rather K-1's and access to guidance. So, what do you all use? Ronn
My current brokerage, Capital One Investing (formerly Sharebuilder), was recently bought out by E*Trade meaning my account will be moving to E*Trade later this year. I've never used E*Trade and don't have anything against them, but I figured if I'm being forced to change brokerage companies I might as well consider all of my options.
So which brokerage do you use? What do you like about them? What do you not like about them? etc
My current requirements are:
1) Free, fractional share DRIP
2) Reasonable fees
I have a Fidelity account that currently only holds some legacy mutual funds (prior to my DGI investing). I'm hesitant to move money into this account as I would probably be hitting SIPC limits within a ~5 years.
I've looked into Merrill Edge which, if you qualify for the Preferred Rewards program, seems like a great deal. It provides more free trades than I could ever use; and with a BofA credit card I'd get bonus cash back (1.75% instead of 1%) if I redeemed that cash back into my brokerage account.
I've looked into Interactive Brokers. They certainly have low fees, but my understanding is they don't have fractional share and free DRIP, which rules them out.
All I can say is whew...it's done. Now to try and get in the habit of not looking at it every day since I can't get rid of it (the ultimate buy and hold strategy). Avg weighted yield is right at 3%, and I've seen some really nice announcements and buybacks announced here of late.
For those that didn't read my situation it in this thread:
I've got today and Monday to tweak a little and will probably take some winnings and offset with a few losses and re-balance a little. Any comments last minute are appreciated!
I tried my hardest to keep an equal weight across ~55 to 60 names across 10 sectors and ended up with several half positions that expanded that some. Since it's not actively managed or tracked daily having more names is not as much of an issue. Some of those are fliers to some degree or that I just felt the valuation(s) had increased so much that I left them at half positions and moved to another name (indicated by *). So here's the roundup!
Dr Pepper Snapple to combine with Keurig Green Mountain
-Dr Pepper Snapple Group (NYSE: DPS) announces a merger with Keurig Green Mountain to create Keurig Dr Pepper.
-Dr Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend and retain 13% of the combined company.
-DPS +32.56% premarket to $126.80.