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01-21-2009, 12:14 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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PG..........
Looking at Proctor and Gamble. No showing as much weakness as other stocks. I am looking to accumulate in the $54-$55 range if it hits there.
This market is not for the faint of heart, but I have had success with PG over the years...........
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
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01-21-2009, 12:33 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,708
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PG is one of my largest holdings. Excellent balance sheet, very consistent earnings and dividend growth, a long history of good capital management. I am very comfortable with this stock.
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learn, work, save, invest, fire
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01-21-2009, 07:15 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,293
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Yes, another lover of PG here. I've had it for years....
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There's no need to complicate, our time is short..
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01-21-2009, 07:32 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Quote:
Originally Posted by FinanceDude
Looking at Proctor and Gamble. No showing as much weakness as other stocks. I am looking to accumulate in the $54-$55 range if it hits there.
This market is not for the faint of heart, but I have had success with PG over the years...........
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Hard to argue with it's track record. How about Kraft? Nice dividend.
KFT: Summary for Kraft Foods, Inc. - Yahoo! Finance
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Retired 3/31/2007@52
Investing style: Full time wuss.
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01-21-2009, 07:50 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Dawg54
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Remember how Peter Lynch went to the mall with his daughter and wife and found stocks he researched and looked to buy?
I used to own a LOT of MO, when they spun Kraft off I trimmed the MO and balanced it with Kraft.......
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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01-21-2009, 08:19 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Quote:
Originally Posted by FinanceDude
Remember how Peter Lynch went to the mall with his daughter and wife and found stocks he researched and looked to buy?
I used to own a LOT of MO, when they spun Kraft off I trimmed the MO and balanced it with Kraft.......
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You might want to sell MO. I own some. Probably going to buy a little KFT too.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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01-21-2009, 09:39 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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I should, but my cost basis is $3.00. Probably after Obama is done, my cost basis will equal the value of MO..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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01-21-2009, 10:45 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Cost basis of $3 in MO? Boy, you have owned for a long time. Looks like the last time it was in that range was around 1985.
MO: Summary for Altria Group Inc - Yahoo! Finance
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Retired 3/31/2007@52
Investing style: Full time wuss.
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01-21-2009, 10:48 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Dawg54
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I think that chart might not adjust for the spinoff of Kraft or PM.
Ha
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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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01-21-2009, 11:56 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
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What happened to "I'm 100% out of the market forever?"
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"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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01-21-2009, 12:16 PM
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#11
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Recycles dryer sheets
Join Date: May 2006
Posts: 230
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Quote:
Originally Posted by Dawg54
Hard to argue with it's track record. How about Kraft? Nice dividend.
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I know WEB likes it, but I look at it every few weeks and see $20B in debt and $2-3B in profit and I stop thinking about it. I know all the food processors and consumer product companies carry a fair amount of debt, but KFT is on the high end of the range for those sectors.
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01-21-2009, 06:23 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
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I never said I sold all my stocks. I said when I recoup most of my losses, I will go 100% cd's. Long way from there. Maybe never.
KFT is a pretty defensive stock and a 4% dividend is not bad. I owned it last year and sold it for a 15% gain. Probably my only bright spot for the year.
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Retired 3/31/2007@52
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01-21-2009, 07:18 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
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I know, just ragging on ya. I'm glad to see you not banging your head and guzzling cheap brews.
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"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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01-21-2009, 07:24 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
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Posts: 9,067
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I've cut down on the head banging.....but still taking my med's.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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02-02-2009, 09:40 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,840
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Well Proctor and Gamble is having a rough year so far and today has fallen to where it now pays slightly more than 3 percent as a dividend.
As this is as cheap as P&G in quite a while it sure is tempting to buy, but I will still hold out for $45.75 for a 3.5 percent yield. It would still not surprise me if the holy trinity of the DJIA (PG, KO, JNJ) all fell eventually to a 5 percent yield, but these are among the most reliable of dividend payouts available in the stock universe.
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But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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02-04-2009, 09:09 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
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Quote:
Originally Posted by Running_Man
Well Proctor and Gamble is having a rough year so far and today has fallen to where it now pays slightly more than 3 percent as a dividend.
As this is as cheap as P&G in quite a while it sure is tempting to buy, but I will still hold out for $45.75 for a 3.5 percent yield. It would still not surprise me if the holy trinity of the DJIA (PG, KO, JNJ) all fell eventually to a 5 percent yield, but these are among the most reliable of dividend payouts available in the stock universe.
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You may be right on PG. Down to $52.5 today. KFT down almost 10% today. No place to hide in stocks.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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02-05-2009, 11:57 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Time to buy beer..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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02-05-2009, 02:59 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,840
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Proctor and Gamble is really just a dividend hold. Over the long run the dividend should grow a little faster than inflation. I view this as a corporate I-bond+ stock not tied to the CPI but a truer growth of the economy dividend. Purchasing at a reasonable price means as long as the dividend is secure, and that certainly is true for P&G right now price movement should really be a non-issue. Based on what I can remember of your portfolio draw the P&G dividend at 3 percent should be above your withdrawl rate of your overall portfolio.
If I owned it right now I certainly would not sell, but the day it hits 3.5 percent yield, if it does get there, I am buying.
However I think Finance Dude's suggestion is also always appropriate as well.
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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02-05-2009, 03:19 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Quote:
Originally Posted by Running_Man
Proctor and Gamble is really just a dividend hold. Over the long run the dividend should grow a little faster than inflation. I view this as a corporate I-bond+ stock not tied to the CPI but a truer growth of the economy dividend. Purchasing at a reasonable price means as long as the dividend is secure, and that certainly is true for P&G right now price movement should really be a non-issue. Based on what I can remember of your portfolio draw the P&G dividend at 3 percent should be above your withdrawl rate of your overall portfolio.
If I owned it right now I certainly would not sell, but the day it hits 3.5 percent yield, if it does get there, I am buying.
However I think Finance Dude's suggestion is also always appropriate as well.
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Yeah, I'm just watching it for now. Maybe I should look into buying some pharmaceutical companies like Coors or Bud.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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02-05-2009, 03:23 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
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Bud never got cheap enough for me, but I got a good buy on Diageo not too long ago. And their beer is better too!
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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