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The Crucial Role Of Emotion In Investing

Just a quick post for today.

A few days ago, I wrote an article for this blog entitled Millennials: Here's Your Best 2016 Investment Portfolio. Long story short, my friends over at Seeking Alpha apparently liked the article enough that they reproduced it on their site.

I received several comments on the article; some extremely favorable and even a little emotional for me. Others, not so much. Here's an example:
You say this "plan" is for people in their mid 20's early 30's.

Bull.

Anyone that age should have a high appetite for risk, and therefore growth, which is only achieved by picking individual stocks.

Keep your paltry gains. Anyways, that's investing on easy mode. No fun, and meager returns. I wish you would have included this in your article. Well, at least the commenter had an unequivocal opinion. I like that.

I Couldn't Care Less

Wanted to take just a minute to share one of my favorite examples of where what I can only attribute to mental laziness corrupts the proper use of the English language.

I hear it, if not once a day, at least several times a week: "I could care less."

"I could care less."

If, indeed, it is possible to care less, whatever it is that you mean to dismiss by use of the phrase is, in fact, not dismissed at all.

No, the phrase is: "I couldn't care less." As in: "You can talk to me all day long about (insert topic here) and it would literally be impossible for me to care any less than I do at this minute."


Added A Little Wells Fargo to The ETF Monkey Core Monthly Dividend Portfolio

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In February, 2017, I wrote an article for Seeking Alpha entitled A Dividend Portfolio Built From The World's Best Dividend ETFs. I later expanded on the work I did in a second article, entitled 20 Top Stocks For A Monthly Dividend Portfolio. In this article, I expanded the original portfolio of 12 stocks to 20, with the specific goal of adding companies that, together, generated at least some level of income for the portfolio each and every month.

At the end of that second article, I revealed that I had "put my money where my mouth is," selling all my holdings in 4 dividend-focused ETFs and replacing them with the 20 stocks listed in the article, as well as two "bonus" stocks. I implemented all of this on July 20, 2017.

I recently added a few additional shares of Wells Fargo (WFC) to the portfolio.



My original position was purchased at $54.93 per share. Since that time, the share price has continued to decline, allowing me to pick up a small additional…

The Power Of A Diversified Portfolio

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Just a quick note for today.

Just over a month ago, I wrote an article for Seeking Alpha in which I suggested 20 Top Stocks For A Monthly Dividend Portfolio along with 2 "bonus" suggestions.

Today, Apple was hit by a Wall Street Journal article confirming rumors of iPhone 8 production delays. General Electric got trashed by a negative JP Morgan note. Speaking of JP Morgan, it too got hit by, from the best I can tell, a continuation of concerns over falling interest rates. And Starbucks appears to have another general case of the blues.

Guess what? All of these stocks are in my portfolio. They are represented by the areas highlighted in red below. I also highlighted AT&T, falling solidly as well, for good measure.


Ah, but go back up and take a look at AbbVie. Up 6.26%! Why? It turns out that they received a favorable decision with respect to patent protection for key drug Humira. You'll see AbbVie as one of the areas featured in green above. I also highlighted some po…

Traveling In Italy - Manarola

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One of my favorite destinations in Italy is the Cinque Terre. The phrase "Cinque Terre" literally means "five lands," and refers to 5 small towns (Riomaggiore, Manarola, Corniglia, Vernazza, and Monterosso al Mare) that hug the western coastline of Northern Italy.

If you are a fan of Rick Steves, you likely know that he feels many travelers make the mistake of viewing the Cinque Terre as an afterthought; descending on the region early one morning, blowing through all 5 towns and leaving the same evening. I agree with him that those who do so miss out on so much. I hope to share an overall post on the Cinque Terre at some future point. For this effort, however, I will focus on the town of Manarola.

Manarola is believed to be the oldest of the five villages, with the cornerstone of San Lorenzo church dating back to 1338. Ultimately, the name traces to "magna roea," which means "large wheel," a reference to the mill wheel in the town. My wife and …

Added A Little General Electric To The ETF Monkey Core Monthly Dividend Portfolio

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In February, 2017, I wrote an article for Seeking Alpha entitled A Dividend Portfolio Built From The World's Best Dividend ETFs. I later expanded on the work I did in a second article, entitled 20 Top Stocks For A Monthly Dividend Portfolio. In this article, I expanded the original portfolio of 12 stocks to 20, with the specific goal of adding companies that, together, generated at least some level of income for the portfolio each and every month.

At the end of that second article, I revealed that I had "put my money where my mouth is," selling all my holdings in 4 dividend-focused ETFs and replacing them with the 20 stocks listed in the article, as well as two "bonus" stocks. I implemented all of this on July 20, 2017.

This morning, I added a few additional shares of General Electric (GE) to the portfolio.


My original position was purchased at $26.77 per share. Since that time, the share price has continued to decline, allowing me to pick up a small a…

Added A Little Starbucks to The ETF Monkey Core Monthly Dividend Portfolio

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In February, 2017, I wrote an article for Seeking Alpha entitled A Dividend Portfolio Built From The World's Best Dividend ETFs. I later expanded on the work I did in a second article, entitled 20 Top Stocks For A Monthly Dividend Portfolio. In this article, I expanded the original portfolio of 12 stocks to 20, with the specific goal of adding companies that, together, generated at least some level of income for the portfolio each and every month.

At the end of that second article, I revealed that I had "put my money where my mouth is," selling all my holdings in 4 dividend-focused ETFs and replacing them with the 20 stocks listed in the article, as well as two "bonus" stocks. I implemented all of this on July 20, 2017.

This morning, I added additional shares to one of the holdings for the first time. That holding is Starbucks (SBUX).


In brief, my original position was purchased at $58.12 per share. This price represented a decline of almost exactly 10% from th…

Synchrony Bank Raises Rates - A Great Day For Savers!

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Great news for online savers! Synchrony Bank, which at 1.05% already sported one of the most competitive interest rates for an online savings account, announced today that, effective 6/1/17, the rate is being raised to 1.15%.


Now, this is nothing earthshaking. It's one-tenth of one percent. However, this is the first time in years that I have seen one of the online banks actually raise their interest rate. A little research appears to reveal that competitor Ally Bank has also raised their rates. Their website appears to show their rate as 1.05% effective 6/1/17, as opposed to the previous long-standing rate of 1.00%. Another major competitor, Capital One, appears to be falling further and further behind, with their rate remaining at a comparatively paltry .75%.

Since the financial meltdown of 2007-2009, one of the groups that has suffered the most are small savers. While the stock market has soared, benefiting those fortunate enough to have both the money to invest as well as the…