The Part Time Investor

Foros Estrategia The Part Time Investor

Este debate contiene 13 respuestas, tiene 7 mensajes y lo actualizó  Mr.J hace 1 semana, 3 días.

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  • #47518

    Ruindog
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    Abro hilo para este colaborador de Seeking Alpha que lleva varios años publicando la estrategia y movimientos  de su cartera DGI con periodicidad trimestral.

    Admito que la simplicidad de su sistema de inversión me ha “enamorado” 😉

    The K.I.S.S. System

    Over the past six years, I have been developing and refining my Keep It Simple, Stupid (K.I.S.S.) system for creating a dividend growth portfolio. The system I developed has been discussed in my previous updates, but as a quick summary, my criteria for buying stocks are as follows:

    For Purchase of Regular Stocks

    • The stock is on the Dividend Champions, Contenders and Challengers (“CCC”) list (as previously compiled by David Fish, but now compiled by Justin Law); (Thank you, David. You will be missed. I couldn’t have done any of this without you)
    • The payout ratio < 60%;
    • For stocks with a yield between 2.0% and 2.5%, the Chowder Number (Dividend yield + 5-yr dividend growth rate) >16;
    • For stocks with a yield between 2.5% and 3.0%, the Chowder Number (Dividend yield + 5-yr dividend growth rate) >14;
    • For stocks with a yield greater than 3.0%, the Chowder Number (Dividend yield + 5-yr dividend growth rate) >12;
    • A credit rating of BBB- (Investment grade) or better from S&P (found on F.A.S.T. Graphs); and
    • F.A.S.T. Graphs shows a 10-year uptrend in earnings, and shows that the stock is not overvalued.

    The Chowder number is the 5 year dividend growth rate plus the present dividend yield. The use of different Chowder Number requirements is a change I made to my criteria over the past few years. I prefer to have stocks with higher yields, but if the rest of the story is compelling enough, I am willing to buy stocks with yields in the 2.0% to 3.0% range if their DGRs and Chowder Numbers are higher, as shown in my criteria above. Please see the previous article I wrote about different yields, DGRs and Chowder Numbers to read about my thinking on this topic.

    For Purchase of MLPs, REITs, Utilities and Telecoms (High Yielders)

    • The stock is on CCC list;
    • Yield > 4%;
    • Chowder Number > 8%;
    • DGR for all time periods (1-yr., 3-yr., 5-yr. and 10-yr.) of at least 4.0%;
    • F.A.S.T. Graph shows a 10-year uptrend (or for the life of the company, if less than 10 years) in funds from operations (“FFO”); and
    • F.A.S.T. Graph shows that the stock is not overvalued based on its FFO.

    The time it takes to run this screen is only about 2-3 hours per quarter since most of the work has already been done for us by way of the CCC list, F.A.S.T. Graphs and S&P.

    My criteria for selling a stock are also very simple. I will only sell if the stock cuts its dividend. I do not look at anything else when deciding whether or not to sell. Therefore, the only other work that needs to be done during the quarter is to watch for the dividend announcement from each company and put in a sell order if there is a dividend cut. One caveat, as I mention below, I will sell spin-offs from my stocks if those new companies don’t have dividend policies I’m comfortable or familiar with. Again, it comes down to the dividend.

     

    Un optimista es un pesimista mal informado

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    #47519

    Ruindog
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    Compra y Ventas de acciones durante el cuatro trimestre del 2018

    In early November Buckeye Partners cut its dividend 40% from $1.2625 down to $0.75. As per my rules of selling a stock if it cuts its dividend, I immediately sold it.

    OK, here is a rare exception to my “sell only if the dividend is cut” rule. I have owned Wells Fargo for many years and have been happy with its performance and dividend payments. But then I had a personal experience with the bank in which I feel they stole thousands of dollars from me. Based on my experience with them I felt I could no longer keep the stock. So I sold it

    After selling BPL I ran my screen to look for a replacement. I chose Invesco Limited

    Invesco (IVZ)

    • Dividend Yield 7.17%
    • Payout Ratio 47.24%
    • Chowder Number 19.6%
    • S&P Credit Rating BBB+

    To replace Wells Fargo I wanted to choose another bank stock with similar dividend metrics. I ran my screen and out of the banks that passed I chose JP Morgan.

    JP Morgan (JPM)

    • Dividend Yield 3.28%
    • Payout Ratio 37.12%
    • Chowder Number 15.4%
    • S&P Credit Rating A-

    Un optimista es un pesimista mal informado

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    #47520

    Ruindog
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    Reiversión de Dividendos durante el cuatro trimestre del 2018 (PAAY)

    When reinvesting I put my available cash not back into the stocks that paid the dividend but instead into more shares of my most undervalued positions. This is where my “Percent Above Average Yield” (PAAY) system comes in. I discussed how I use PAAY in a previous article, and I recently published an article showing the results of my PAAY reinvestments over the past 5 years. As I explain in the article, so far my PAAY investments have returned 15.47% as compared to the S&P which would have returned 14.27%. Please note that I use PAAY only to rank the companies already in my portfolio for purposes of reinvesting my dividends, not for new purchases. (It would be too difficult to calculate the PAAY for all stocks under consideration for purchase.)

    This quarter the following ten stocks in my portfolio had the highest PAAY (in parentheses)

    • Invesco Limited (IVZ) 51.30%
    • Ameriprise (AMP) 40.98%
    • Illinois Tool Works (ITW) 38.75%
    • Blackrock (BLK) 34.90%
    • Lockheed Martin (LMT) 33.95%
    • First of Long island (FLIC) 33.06%
    • Harris Corp. (HRS) 32.57%
    • Boeing (BA) 32.03%
    • Raytheon (RTN) 31.97%
    • General Dynamics (GD) 30.67%

    However, I already have a very large position in Boeing, so I decided to bypass that stock and move to the next one in line which was IBM.

    • IBM (IBM) 28.15%

    Therefore, after purchasing full positions of Invesco and JP Morgan I reinvested the remaining money I had available in the following 10 stocks:

    Ameriprise Financial 26 shares @ 103.73, commission of $0.78 for a total of $2,697.76

    Blackrock 7 shares @ 390.14, commission of $0.21 for a total of $2,731.19.

    First of Long Island 135 shares @ 19.89, commission of $4.05 for a total of $2,689.19

    General Dynamics (GD) 17 shares @ 156.52, commission of $0.51 for a total of $2,661.35.

    Harris Corp (HRS) 21 shares @ 133.07, commission of $0.63 for a total of $2,795.26.

    IBM (IBM) 24 shares @ 113.43, commission of $0.72 for a total of $2,723.04.

    Invesco (IVZ) 162 shares @ 16.66, commission of $4.86 for a total of $2,703.76.

    Illinois Tool Works 22 shares @ 125.76, commission of $0.66 for a total of $2,737.38.

    Lockheed Martin (LMT) 10 shares @ 261.16, commission of $030 for a total of $2,611.90.

    Raytheon (RTN) 17 shares @ 152.34, commission of $0.51 for a total of $2,590.29

    Un optimista es un pesimista mal informado

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    #47521

    Ruindog
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    Candidatos a Compra durante el mes de Enero 2019 según el sistema K.I.S.S

    ***Regular Stocks (Yield, Payout, Chowder Number)

    Ameriprise Financial Inc. (AMP)

    3.45 26.76 21.22

    AmerisourceBergen Corp. (ABC)

    2.15 32.19 21.86

    Amgen Inc. (AMGN)

    2.98 47.82 29.13

    BB&T Corp. (BBT)

    3.74 44.26 14.38

    Best Buy Corp. (BBY)

    3.40 37.82 18.27

    BlackRock Inc. (BLK)

    3.19 45.21 13.94

    Cisco Systems Inc. (CSCO)

    3.05 54.10 28.75

    Comcast Corp. (CMCSA)

    2.23 31.15 17.10

    Cummins Inc. (CMI)

    3.41 34.26 21.93

    Eastman Chemical Co. (EMN)

    3.39 29.77 17.82

    Eaton Corp. plc (ETN)

    3.85 55.46 13.41

    Eaton Vance Corp. (EV)

    3.98 42.30 12.05

    Hubbell Inc. (HUBB)

    3.38 52.91 14.69

    Illinois Tool Works (ITW)

    3.16 53.55 16.49

    Investors Bancorp (ISBC)

    4.23 58.67 80.09

    JPMorgan Chase & Co. (JPM)

    3.28 37.12 15.42

    Kroger Company (KR)

    2.04 16.97 16.67

    Lockheed Martin (LMT)

    3.36 51.10 15.81

    ManpowerGroup Inc. (MAN)

    3.12 24.88 19.80

    Omnicom Group Inc. (OMC)

    3.28 41.81 17.13

    Packaging Corp of America (PKG)

    3.79 44.01 25.33

    PNC Financial Services Group Inc. (PNC)

    3.25 39.26 14.15

    Quest Diagnostics Inc. (DGX)

    2.55 39.92 24.04

    Royal Caribbean Cruises Ltd. (RCL)

    2.86 33.25 40.04

    TD Ameritrade Holding Corp. (AMTD)

    2.45 48.58 25.12

    Walgreens Boots Alliance Inc. (WBA)

    3.57 47.18 12.73

    ***High Yield Stocks (Yield, Chowder Number, DGR-1yr, DGR 3-yr, DGR-5Yr, DGR-10yr)

    Magellan Midstream Partners LP (MMP)

    6.85 21.4 10.0 12.7 13.2 8.5

    Simon Property Group Inc. (SPG)

    4.71 17.9 10.0 12.7 13.2 8.5

    Un optimista es un pesimista mal informado

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    #47522

    Ruindog
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    Si alguien quiere consultar la composición actual de su cartera aquí está el enlace:

    https://seekingalpha.com/article/4232142-k-s-s-dividend-growth-portfolio-4th-quarter-2018-update#comments_header

    La versión resumida:

    65  Stocks

    Valor Cartera: 1.686.000$

    Dividendos Anuales: 61.000$

    Un optimista es un pesimista mal informado

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    #47541

    Preikestolen
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    Replies: 1761

    Si alguien quiere consultar la composición actual de su cartera aquí está el enlace:

    https://seekingalpha.com/article/4232142-k-s-s-dividend-growth-portfolio-4th-quarter-2018-update#comments_header

    La versión resumida:

    65 Stocks

    Valor Cartera: 1.686.000$

    Dividendos Anuales: 61.000$

    Otro tema es que hacer cuando ya casi lo tienes todo!

    Aqui coincido con @bcartera carpe diam.

    Con esos ingresos dividendos de momento lo celebraria haciendo un viaje de mayo a julio por california arizona utah colorado y new mexico vagando por los National Parks de Grand Canyon , Arches ,Canyonland, Yosemite ,BryceCanyon ,,MonumentValley  ,PetrifiedForest, Zion, PaintedDessert, PanumCrater,  DeathValley por ejemplo….

    Uaaaaaauhh

    Que hermosa es la vida!

    Lets enjoy it up!

    "Atrévete a Vivir la Vida que has Imaginado" Henry James

    #47544

    Ruindog
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    Topics: 29
    Replies: 1082

    Si alguien quiere consultar la composición actual de su cartera aquí está el enlace:

    https://seekingalpha.com/article/4232142-k-s-s-dividend-growth-portfolio-4th-quarter-2018-update#comments_header

    La versión resumida:

    65 Stocks

    Valor Cartera: 1.686.000$

    Dividendos Anuales: 61.000$

    Otro tema es que hacer cuando ya casi lo tienes todo!

    Aqui coincido con @bcartera carpe diam.

    Con esos ingresos dividendos de momento lo celebraria haciendo un viaje de mayo a julio por california arizona utah colorado y new mexico vagando por los National Parks de Grand Canyon , Arches ,Canyonland, Yosemite ,BryceCanyon ,,MonumentValley ,PetrifiedForest, Zion, PaintedDessert, PanumCrater, DeathValley por ejemplo….

    Uaaaaaauhh

    Que hermosa es la vida!

    Lets enjoy it up!

    Por lo que recuerdo haber leído es un médico de esos que aman su profesión y tiene un sueldo de seis cifras. A ver quien supera eso 😉

    Un optimista es un pesimista mal informado

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    #47557

    B Cartera
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    Replies: 167

    Discrepo contigo Ruindog. El Carpe Diem ha de ser siempre el primer objetivo tengas esa cartera o no. Jajajajaja

    INDITEX, ENDESA, EBRO FOODS, FERROVIAL,IBERDROLA, REE, VISCOFAN, MAPFRE, ENAGAS, BME, BASF, LVMH, BMW, SANOFI, UNIBAIL-RODAMCO, UNILEVER, MUNICH RE, BAYER, PERNOD RICARD, PROCTER&GAMBLE, NESTLE, DIAGEO, VODAFONE, NATIONAL GRID. Azvalor PP, Bestinver Global PP, Magallanes European Equity FI, Cobas Selección FI

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    #47558

    B Cartera
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    Replies: 167

    Por cierto alguien sabe en cuántos brokers tiene este monstruo depositada esa pedazo cartera¿ Simple curiosidad por saber si la paranoia de la diversificación en brokers es solo nuestra o también al otro lado del charco…..

    Si allí cubren 500k debería usar al menos 3 🙂

    INDITEX, ENDESA, EBRO FOODS, FERROVIAL,IBERDROLA, REE, VISCOFAN, MAPFRE, ENAGAS, BME, BASF, LVMH, BMW, SANOFI, UNIBAIL-RODAMCO, UNILEVER, MUNICH RE, BAYER, PERNOD RICARD, PROCTER&GAMBLE, NESTLE, DIAGEO, VODAFONE, NATIONAL GRID. Azvalor PP, Bestinver Global PP, Magallanes European Equity FI, Cobas Selección FI

    #47562

    Ruindog
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    Topics: 29
    Replies: 1082

    Por cierto alguien sabe en cuántos brokers tiene este monstruo depositada esa pedazo cartera¿ Simple curiosidad por saber si la paranoia de la diversificación en brokers es solo nuestra o también al otro lado del charco…..

    Si allí cubren 500k debería usar al menos 3 🙂

    Most of my portfolio is held in a Univest account, which charges a 3c per share commission. This was negotiated by my company when we moved our pension account, and I have no ability to move to a different company with lower commissions, or to get the commissions lowered. However, on the good side, I can buy only a few shares at a time, if I wanted to, and pay only a few cents in commissions, rather than always paying a flat fee of 4-8 dollars.

    Some of my stocks are held in two Schwab accounts (formerly optionsXpress)

    Un optimista es un pesimista mal informado

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    #47675

    Hagarus
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    Replies: 28

    ¡Gracias por abrir estos hilos, Ruindog!

    All that we see or seem is but a dream within a dream.

    1 user thanked author for this post.
    #47679

    lucho
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    Replies: 59

    Muchas gracias ruindog por abrir este hilo y sobre todo por aportar el enlace de su cartera. Debería ser de lectura obligada para aquellos que todavía estamos en fase de aprendizaje.
    Según lo explica, al final todo es más fácil de lo que a veces nos complicamos en hacerlo:
    Empresas DGI , con un pay out controlado , y con un numero de Chowder que depende de su yield, pero siempre mayor de 12.

    1 user thanked author for this post.
    #47726

    XManC
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    Replies: 26

    Muchas gracias Ruindog por el aporte!
    Precisamente ayer estaba leyendo este autor y me pareció muy interesante por su sencillez, me hice seguidor jejeje
    Un saludo!

    Dividend y vencerás.

    1 user thanked author for this post.
    #47744

    Mr.J
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    Topics: 1
    Replies: 306

    JODER QUE CARTERA!!!

    Conocía su operativa KISS y siempre me ha parecido muy sencilla y perfecta para un estilo de inversión como el nuestro.

    Ahora bien, con esa cartera creo que puede empezar a hacer lo que le dé la gana… xD

    Gracias, como siempre por tan buenos aportes, Ruindog.

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Foros Estrategia The Part Time Investor

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