TGIF -- September 8, 2023

Locator: 45571INV.  

Comment: as regular readers know --

• I am an investor, not a trader. I have a rolling 30-year horizon; 
• my heirs will never ask what I paid for a given stock;
  
• I don't time the market; I am always fully invested to extent possible; cash is held in high-dividend paying stocks; I seldom do tax-loss harvesting, but I keep it in mind when raising cash when re-balancing the portfolio
• I seldom sell anything; there are exceptions; it seems my biggest "paper losses" have been on equities I have sold
• I live by this: "a delayed investment is a delayed opportunity"; time value of money;
  
• I don't "understand" bonds;
• generational investing; investing has changed immensely in the past 70 years
• 1960: mom-and-pop investors flying blind
• 1980: mom-and-pop investors had much more information; but much of it, "Morningstar" and "Motley Fool" and "Value Line"
• 2000: so easy to put investments on auto-pilot and do very, very well
• 2020: mom-and-pop investors have increasing difficulty staying the course due to social media.
  
• best advice: read, read, read. 
  
• dividends: the third month of each quarter is a huge quarter for me for investing dividends;
• I have an investment plan and do a fairly good job sticking to it
• 40%: big cap; generally dividend paying
• 30%: tech (Apple is not "tech"; it's in a class by itself)
  
• 20%: Big Pharma
• 10%: Daimler, Ferrari,  
• 0%: ETFs
  
• I invest new money twice a month, regardless of what the market is doing;
• energy -- oil, natural gas -- huge investment for me in the past; now, energy is in my "utility" bucket; I am adding no new money to energy;
  
• timeline:
• I started this blog in 2007
• it took 15 years of learning from my readers to get my "investment act" together
• I started taking investing seriously in 2021; prior to that I let professionals call the shots;
  
• over the course of fifteen years or so on the blog, I have "called" four huge winners.
• I remain haunted by one graph (I have posted it multiple times)
  

This is called a buying opportunity. We don't often get them. Link here.

Walmart: to start cutting pay.

Theft: from the beginning, I thought CEOs blamed their problems on theft. Link here. Except Portland.

Investing:

• high-quality dividend stocks are on sale now. Barron's. Link here.
• the utilities sell-off has gotten ouut of hand; one stock is selling at an absurd price. Barron's. Link here.

Oil:

• link here;