A common mistake that investors make regarding dividend portfolio construction is not having a well-thought-out plan. It is quite common for investors to compile what could best be described as a “junk drawer” instead of a successful strategy. The reasons for this are many. Over time investors run into many distractions. A hot tip from the brother-in-law. An overzealous stockbroker. Hype about the next greatest thing from the media, etc.
Nevertheless, I am a believer, based on years of experience of having a plan and then following that plan. To be clear, there is no reason to have a plan if you are not going to be disciplined towards following that plan. Moreover, the plan must meet your own unique goals and objectives and most importantly satisfy your individual needs. Some investors may require a certain level of income from their investments, while others a level of needed growth. Every one of us is different, and even though some would like to make you think that there is a clear path for everyone, there is no one-size-fits-all.
In this video I am going to share a process that I like to use to select stocks that meet specific criteria. Importantly, it is the process that I am focusing on and not the individual stocks. In other words, I will be illustrating just one example of many possible examples that investors could implement or utilize. The key is to develop a strategy that will accomplish the goals and needs that you the individual investor require to have a successful investment result. Formally, this would be called an investment policy statement. But as previously emphasized, the strategy implemented must be capable of clearly satisfying your own unique needs.
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Disclosure: Long CMCSA URI AIZ AMP AVGO BWA CE CMI CVS EBAY FDX GPN HPE MGA NTAP PII SWKS UGI URI at the time of writing.
Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
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