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Mr. MC,
You said in one of your emails to drop you a line or reply to one of your emails and you would personally answer, so here goes.
Nice to meet you, sir. I will go out on a limb and say I somewhat disagree on diversification. I think that is the wrong thing to do. You do that after, say, maybe 10 to 15 years. I remember Warren Buffet saying, just starting out, pick one maybe two stocks then watch them like a hawk. Lolololol.
It took me awhile to fully understand that, until I learned about ‘aristocratic stocks and king stocks’, and what I have named ‘angel or halo stocks’.
The angel/halo stocks are stocks that have paid their dividend for over 100 years, some up to, I believe, 125 to 130 years. That is out of this world, really, don’t you think? All total, there are like 125 or so of those dividend paying stocks in the two groups or three groups with my new angel/halo stocks, that is not that many to go through to find a great stock.
Those stocks, aristocratic stocks, are stocks that have paid a dividend every quarter for 25 years. And they had to do that just to get the name aristocratic. Then to keep the name, they had to continue doing that every quarter and never reducing their dividend for another 25 years to keep the aristocratic name. Now, once that stock hits 50 years, they lose the aristocratic name and get the name ‘King’. They keep that name for as long as they pay their quarterly dividend and never reducing their dividend. I have added a new name, I name these stocks angel stocks or halo stocks because when the king stocks hit 100 years of paying a dividend every quarter and never reducing their dividend, I call them that.
That is what I would call a sure thing in the stock market. Most, if not all, financial experts say there is no such thing as a sure thing in the markets, but I wholeheartedly disagree. All the king stocks today made it through the 1987 market crash and the 2008 crash. Yes, they all dropped in stock price, but the important point is they all still paid their quarterly dividend. That is also a great extra buying time for the stock.
Would not picking a king stock or my newly named angel/halo stock be better and dollar cost average into that stock until retirement and do it in a Roth IRA? Just asking and throwing my idea out there and hope you might toss out your thoughts on those stocks and my take on how to invest for retirement. Where am I wrong/missing something?
Thank you for your time and all the best to you and your family. I always learn something from your emails. May the Lord bless you and your family and watch over you.
Tony H.
Thanks! But trend following is a better direction.
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