Thursday, December 19, 2013

How Do I Know When To Sell A Stock? [Cisco Systems, Inc., International Business Machines Corp., The Home Depot, Inc., NIKE, Inc., Medtronic, Inc., Pitney Bowes Inc., The Clorox Co, Automatic Data Processing, Sherwin-Williams Company] - Seeking Alpha

How Do I Know When To Sell A Stock? [Cisco Systems, Inc., International Business Machines Corp., The Home Depot, Inc., NIKE, Inc., Medtronic, Inc., Pitney Bowes Inc., The Clorox Co, Automatic Data Processing, Sherwin-Williams Company] - Seeking Alpha: The most common complaint that I have heard from investors over my 40 years in the financial services industry is as follows: "Everyone wants to tell me what to buy and when, but no one ever tells me when to sell."

Not only do I consider this a legitimate complaint, I also consider it an extremely important investing principle that investors face and must deal with. Knowing when it's the appropriate time to sell a stock can be a very challenging task. But perhaps most importantly, the prudent investor must simultaneously recognize and accept that it can rarely, if ever, be done with perfect precision. In other words, as the old saying goes, they do not ring a bell at market tops or bottoms on Wall Street. Consequently, the best that an investor can expect to accomplish is to make sound and rational sell decisions.

Is It [Low D]? [Johnson & Johnson, The Coca-Cola Company, Altria Group Inc, Realty Income Corp, Lorillard Inc.] - Seeking Alpha

Is It [Low D]? [Johnson & Johnson, The Coca-Cola Company, Altria Group Inc, Realty Income Corp, Lorillard Inc.] - Seeking Alpha: Disclosure: I am long JNJ, KO, O, LO, MO. (More...)

Has your portfolio become lifeless? Maybe you need more dividends. The warning signs are often subtle. Take this simple quiz, then we'll talk.

1. Is your income feeling inadequate? ___Yes ___No

2. Have you lost interest in investing? ___Yes ___No

3. Has your portfolio lost strength and endurance? ___Yes ___No

4. Have you noticed a recent decrease in the pleasure you get from your portfolio? ___Yes ___No

5. Does your portfolio lack energy? ___Yes ___No

6. Are you sad and/or grumpy? ___Yes ___No

7. Do you mock others' methods of investing, yet feel frustrated by your own? ___Yes ___No

8. Has your portfolio lost some of its old trajectory? ___Yes ___No

9. Is your portfolio based on the best academic studies, yet failing to provide true enjoyment? ___Yes ___No

10. Do you feel drained by fees and expenses with little to show in return? ___Yes ___No

'Overdue' Dividend Increases: No Immediate Danger [Intel Corporation, Best Buy Co., Inc., The Western Union Company, ConAgra Foods, Inc., Teekay LNG Partners L.P., Perrigo Company, DeVry Inc., NuStar GP Holdings, LLC, Texas Pacific Land Trust] - Seeking Alpha

'Overdue' Dividend Increases: No Immediate Danger [Intel Corporation, Best Buy Co., Inc., The Western Union Company, ConAgra Foods, Inc., Teekay LNG Partners L.P., Perrigo Company, DeVry Inc., NuStar GP Holdings, LLC, Texas Pacific Land Trust] - Seeking Alpha: Disclosure: I am long INTC, CAG, WU. (More...)

In compiling the Dividend Champions list (found here) I get to see which companies are nearing the anniversaries of their previous dividend increases. Most of these firms raise their payout about the same time every year, but some companies go longer before boosting their dividends, and this can raise concerns about their streaks of increases

Monday, December 16, 2013

Dividend Champions: 12 Increases Expected By The End Of February [3M Co, HCP, Inc., SJW Corp.] - Seeking Alpha

Dividend Champions: 12 Increases Expected By The End Of February [3M Co, HCP, Inc., SJW Corp.] - Seeking Alpha: Disclosure: I am long BMS, MMM. (More...)

In compiling the Dividend Champions list. I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.

Sunday, December 15, 2013

Dividend Challengers: 10 Increases Expected By February 28 [Lorillard Inc., Finish Line Inc] - Seeking Alpha

Dividend Challengers: 10 Increases Expected By February 28 [Lorillard Inc., Finish Line Inc] - Seeking Alpha: Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

In compiling the Dividend Champions list (found here) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time

Monday, December 9, 2013

Which Is Best: DRIP Or Collect And Invest? [NIKE, Inc., Kimberly Clark Corp, Medtronic, Inc., AFLAC Incorporated, Sherwin-Williams Company] - Seeking Alpha

Which Is Best: DRIP Or Collect And Invest? [NIKE, Inc., Kimberly Clark Corp, Medtronic, Inc., AFLAC Incorporated, Sherwin-Williams Company] - Seeking Alpha: Disclosure: I am long MDT, KMB, IBM, AFL. (More...)

Introduction

Investors desirous of creating a common stock portfolio capable of providing them financial support in their retirement years have several options to choose from. The more aggressive investor might turn to designing and building an aggressive growth stock portfolio. However, aggressive growth stocks can be both risky and volatile. I wrote extensively about this approach in a previous article found here.

Monday, December 2, 2013

Dividend Champions For December 2013 [Prudential Financial Inc, The Western Union Company, Ralph Lauren Corp, Cablevision Systems Corporation, Molson Coors Brewing Company, NTT Docomo Inc (ADR), Excel Trust Inc] - Seeking Alpha

Dividend Champions For December 2013 [Prudential Financial Inc, The Western Union Company, Ralph Lauren Corp, Cablevision Systems Corporation, Molson Coors Brewing Company, NTT Docomo Inc (ADR), Excel Trust Inc] - Seeking Alpha: Disclosure: I am long WU. (More...)

The Dividend Champions spreadsheet and PDF have been updated through 11/29/13 and are available here. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.

Thursday, November 28, 2013

Challenge-Do Not Overlook These Future Dividend Challenger Stars-Part 3 - Seeking Alpha

Challenge-Do Not Overlook These Future Dividend Challenger Stars-Part 3 - Seeking Alpha: Disclosure: I am long ORCL, ACN, DLR, NOV, TGH, UNP, EEP, EPB, DRI. (More...)

Introduction

More people than ever are retiring today, and there is no end in sight as the baby boomer generation has reached retirement age. This one demographic fact alone has generated a host of doomsayers with dismal prophecies about what this will do to our economy, and perhaps more importantly, how and why they believe that the baby boomer generation is facing financial hardship and even ruin. However, as a baby boomer myself, I disagree with these Armageddon forecasts.

Thursday, November 21, 2013

What Stock Market? These Dividend Contenders Are Not Overvalued - Part 2 - Seeking Alpha

What Stock Market? These Dividend Contenders Are Not Overvalued - Part 2 - Seeking Alpha: It has become vividly clear to me that many investors continue to believe that the stock market in general is currently overvalued. Some even go as far to say that it is currently in bubble territory. Although I disagree, (my views about the valuation level of the stock market as measured by the S&P 500 can be found in the introduction to my most recent article found here), it is not this fact alone that disturbs me most.

Can You Uncouple Your Investment Success From Mr. Market? - Seeking Alpha

Can You Uncouple Your Investment Success From Mr. Market? - Seeking Alpha: Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

I dropped by Mr. Market's control room yesterday. He has been very nice to me since our two interviews (see them here and here). I jumped at his invitation.

There's lots of new technology, far exceeding anything you see on CNBC or can get from cutting edge trading platforms. He made me sign an agreement not to disclose any details about that. Sorry. He has even kept it secret from the NSA (so far, anyway).

Wednesday, November 20, 2013

Stop The Presses: Academics Confirm That Buffett's Success Is No Mystery - Seeking Alpha

Stop The Presses: Academics Confirm That Buffett's Success Is No Mystery - Seeking Alpha: Warren Buffett has said that he would most like to be remembered as a teacher. In my case, he has succeeded. That is how I regard him. Much of what I think I know about investing has come from Buffett. He has a unique way to encapsulate ideas that are sensible and clear, and I have learned a lot from him.

Buffett's success as an investor has often befuddled academics. Is he the luckiest man in the world? Nassim Nicholas Taleb, in saying that he would choose George Soros over Buffett as an investor, has said,

Monday, November 18, 2013

Dividend Contenders: 27 Increases Expected In The Next 11 Weeks [NIKE, Inc., Ecolab Inc., Graco Inc.] - Seeking Alpha

Dividend Contenders: 27 Increases Expected In The Next 11 Weeks [NIKE, Inc., Ecolab Inc., Graco Inc.] - Seeking Alpha: (Editors' Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.)

In compiling the Dividend Champions list (found here) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.


Saturday, November 16, 2013

Dividend Champions: 10 Increases Expected By January 31 [AT&T Inc., SYSCO Corporation, Nucor Corporation, HCP, Inc., ABM Industries, Inc.] - Seeking Alpha

Dividend Champions: 10 Increases Expected By January 31 [AT&T Inc., SYSCO Corporation, Nucor Corporation, HCP, Inc., ABM Industries, Inc.] - Seeking Alpha: Disclosure: I am long BDX, MKC, T, HRL. (More...)

In compiling the Dividend Champions list, I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.

Friday, November 15, 2013

You May Think That The Market Is Overvalued But These Dividend Champions Are Not: Part 1 - Seeking Alpha

You May Think That The Market Is Overvalued But These Dividend Champions Are Not: Part 1 - Seeking Alpha: It has come to my attention that after the stock market's recent strong advance, many investors now believe that the market (and most stocks for that matter) is overvalued. Based on extensive research, I disagree. On the other hand, I do acknowledge that many common stocks today are more highly valued than they were at the beginning of 2011. However, the market, in the general sense (at least as measured by the S&P 500), is perhaps fully valued or even moderately overvalued. But valuations today are nowhere near a "bubble level" as many believe or would like us to believe.

Dividend Challengers: 11 Increases Expected By The End Of January - Seeking Alpha

Dividend Challengers: 11 Increases Expected By The End Of January - Seeking Alpha: Disclosure: I am long WU. (More...)

In compiling the Dividend Champions list I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.


Saturday, November 2, 2013

Why Low Beta Stocks Are Like Bonds For Dividend Growth Investors - Seeking Alpha

Why Low Beta Stocks Are Like Bonds For Dividend Growth Investors - Seeking Alpha: Disclosure: I am long AAPL, AFL, BBL, CVX, DRI, HAS, INTC, JNJ, KMB, KMP, KO, LO, MCD, OHI, PEP, PG, PM, T. (More...)

I was reading a paper on Modern Portfolio Theory [MPT] yesterday, and I realized something so obvious that I am embarrassed that it did not occur to me before.

In the paper (Modern Portfolio Theory, Part One), by Donald R. Chambers, who is the Walter E. Hanson/KPMG Professor of Finance at Lafayette College in Easton, Pennsylvania, the author was making some points about the role of bonds in an asset-allocated portfolio. He began with a description of asset allocation.

Dividend Champions For November 2013 [NuStar Energy L.P., Fastenal Company, Senior Housing Properties Trust, Natural Resource Partners LP, Cenovus Energy Inc (USA), TECO Energy, Inc., Crestwood Midstream Partners LP, Lexington Realty Trust] - Seeking Alpha

Dividend Champions For November 2013 [NuStar Energy L.P., Fastenal Company, Senior Housing Properties Trust, Natural Resource Partners LP, Cenovus Energy Inc (USA), TECO Energy, Inc., Crestwood Midstream Partners LP, Lexington Realty Trust] - Seeking Alpha: Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Editor's Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.

The Dividend Champions spreadsheet and PDF have been updated through 10/31/13 and are available here. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.

Saturday, October 26, 2013

For Maximum Total Return, Go For Growth [Apple Inc., Johnson & Johnson, Starbucks Corporation, Green Mountain Coffee Roasters Inc., Coach, Inc., Colgate-Palmolive Company, Cognizant Technology Solutions Corp, Monster Beverage Corp] - Seeking Alpha

For Maximum Total Return, Go For Growth [Apple Inc., Johnson & Johnson, Starbucks Corporation, Green Mountain Coffee Roasters Inc., Coach, Inc., Colgate-Palmolive Company, Cognizant Technology Solutions Corp, Monster Beverage Corp] - Seeking Alpha: Disclosure: I am long AAPL, CTSH, MIDD, GMCR, JNJ, CL. (More...)

Introduction

Not all investors are the same. Therefore, not all investors share the same goals and objectives. Consequently, there are numerous strategies and investing methods available to choose from. Moreover, it also goes without saying that the investment strategy that's right for me may not be right for you. For that reason, it's imperative that each individual looks for the strategy that is right for their own individual goals, objectives, risk tolerances and status. By status, I'm referring to how many years you have left before retirement.

Tuesday, October 22, 2013

Dividend Contenders: 37 Increases Possible By New Year's Eve [NIKE, Inc., Ecolab Inc., Perrigo Company, Aaron's, Inc.] - Seeking Alpha

Dividend Contenders: 37 Increases Possible By New Year's Eve [NIKE, Inc., Ecolab Inc., Perrigo Company, Aaron's, Inc.] - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp ) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.


Friday, October 18, 2013

Trying To Beat The Market Is A Fool's Errand [The Coca-Cola Company, SPDR S&P 500 ETF Trust, PepsiCo, Inc., J.C. Penney Company, Inc., Celgene Corporation, Consolidated Edison, Inc., The Clorox Co, Monster Beverage Corp, Motorola Solutions Inc] - Seeking Alpha

Trying To Beat The Market Is A Fool's Errand [The Coca-Cola Company, SPDR S&P 500 ETF Trust, PepsiCo, Inc., J.C. Penney Company, Inc., Celgene Corporation, Consolidated Edison, Inc., The Clorox Co, Monster Beverage Corp, Motorola Solutions Inc] - Seeking Alpha: Introduction

Proponents of indexing as the best investment strategy seem to take great delight in reporting how the vast majority of professionally managed portfolios (mutual funds, separately managed accounts, hedge funds, ETFs, etc.) fail to outperform the S&P 500. Therefore, they argue, it is best not to even try. Investors should simply invest in index funds and forget about it.

At first glance, this would appear logical because in truth their statistics are true and valid. On a total return basis, the vast majority of investor funds that are professionally managed do in fact underperform the S&P 500 on a total return basis. However, with this article I intend to illustrate that there is a significant flaw with this line of reasoning.

Dividend Champions: 21 Increases Expected By December 31 [AFLAC Incorporated, Nucor Corporation, VF Corp, Vectren Corp, Cintas Corporation, Eaton Vance Corp, Stepan Company, Tennant Company] - Seeking Alpha

Dividend Champions: 21 Increases Expected By December 31 [AFLAC Incorporated, Nucor Corporation, VF Corp, Vectren Corp, Cintas Corporation, Eaton Vance Corp, Stepan Company, Tennant Company] - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp ) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.

Saturday, October 12, 2013

10 of The Best From The Buffett Table ? The Passive Income Earner

10 of The Best From The Buffett Table � The Passive Income Earner: Investing legend Warren Buffett is one of the greatest value investors of all time, but he is also a brilliant FX trader. Here are 10 FX nuggets from the Buffett table.

1. Buffett quote: “Risk comes from not knowing what you’re doing.”
Some investors jump into FX trading looking for a quick profit. For the novice, currency trading carries increased risk due to the lack of a regulated exchange and the need to predict near-term currency movement driven by national policy. The real risk, however, is leaping without learning the ropes first.

Thursday, October 10, 2013

Which Popular Dividend Growth Stocks Are 'Always' Undervalued? [Apple Inc.] - Seeking Alpha

Which Popular Dividend Growth Stocks Are 'Always' Undervalued? [Apple Inc.] - Seeking Alpha: This article is a companion to "Which Popular Dividend Growth Stocks Are Always Overvalued?"

Coming from the opposite direction from that article, here I use F.A.S.T. Graphs to identify which stocks from the 59 most commonly held dividend growth stocks persistently have traded at valuations that are lower than what F.A.S.T. Graphs presents as "earnings justified" valuation.

On the graphs in this article:

The orange line represents "fair value" as determined by F.A.S.T. Graphs, which apply Ben Graham's valuation formulas to each stock's earnings record.

Medtronic, Inc. (MDT): What Is Due Diligence? Here's How I Do It - Seeking Alpha

Medtronic, Inc. (MDT): What Is Due Diligence? Here's How I Do It - Seeking Alpha: The lexicon of the financial world is full of phrases and jargon that are often tossed about without considering that there may be those who are not exactly familiar with the true meaning of the terms. It recently came to my attention that due diligence may be one of those idioms. In my own writings, I routinely recommend that readers conduct their own due diligence and/or comprehensive research. However, I recently had a reader ask me exactly what due diligence was and how to do it?

AT&T Inc. (T): Why I Prefer AT&T To Apple [Apple Inc.] - Seeking Alpha

AT&T Inc. (T): Why I Prefer AT&T To Apple [Apple Inc.] - Seeking Alpha: Forget what you've read about iOS7, iPhone 5C, China sales and the rest of the various and sundry device hype. AT&T (T) is a better buy than Apple (AAPL).

If we've learned anything from the performance of Apple's business and stock over the past 18 months or so, it's that the iconic device provider is no sure thing. And although the tech company pays a fat quarterly dividend of $3.05 per share, investors shouldn't confuse this name for an income stock.

Monday, October 7, 2013

Which Popular Dividend Growth Stocks Are 'Always' Overvalued? [PepsiCo, Inc., The Clorox Co, Paychex, Inc.] - Seeking Alpha

Which Popular Dividend Growth Stocks Are 'Always' Overvalued? [PepsiCo, Inc., The Clorox Co, Paychex, Inc.] - Seeking Alpha: I have noticed a couple of themes emerging in dividend articles over the past year. One theme revolves around valuation, with some suggesting that dividend stocks were in a bubble or significantly overvalued. Another theme has centered on "high quality" companies, and whether investors need sometimes to "pay up" for quality.

Putting the two themes together very recently, there has been discussion about Coca-Cola (KO) being a high quality company that never seems not to be overvalued. In the course of those discussions, it became clear that many feel that KO "always" trades at a premium valuation, so if you want to own it, you might as well accept that you'll need to pay up for it.

Friday, October 4, 2013

'Overdue' Dividend Increases: 11 Streaks On 'Death Watch' [Intel Corporation, Best Buy Co., Inc., NuStar Energy L.P., TECO Energy, Inc.] - Seeking Alpha

'Overdue' Dividend Increases: 11 Streaks On 'Death Watch' [Intel Corporation, Best Buy Co., Inc., NuStar Energy L.P., TECO Energy, Inc.] - Seeking Alpha: In compiling the Dividend Champions list. I get to see which companies are nearing the anniversaries of their previous dividend increases. Most of these firms raise their payout about the same time every year, but some companies go longer before boosting their dividends, and this can raise concerns about their streaks of increases.

Wednesday, October 2, 2013

10 By 15: What Happens With Low-Yield High-DGR Stocks - Seeking Alpha

10 By 15: What Happens With Low-Yield High-DGR Stocks - Seeking Alpha: In "10 by 10 The Interaction of Dividend Yield and Growth," I discussed the interaction of various initial dividend yields (IY) with various dividend growth rates (DGR).

The context of the original 10 by 10 concept relates to achieving a target: 10% yield on cost in 10 years from dividend increases alone. In other words, given a particular starting yield, how long does it take to get to the target for various rates of dividend growth? (Dividend reinvestment, which speeds up the process, is ignored.)

Dividend Champions For October 2013 [Intel Corporation, Yum! Brands, Inc., Dynex Capital Inc, PennantPark Investment Corp., PetSmart, Inc., Tyco International Ltd., Kaydon Corporation, Met-Pro Corporation] - Seeking Alpha

Dividend Champions For October 2013 [Intel Corporation, Yum! Brands, Inc., Dynex Capital Inc, PennantPark Investment Corp., PetSmart, Inc., Tyco International Ltd., Kaydon Corporation, Met-Pro Corporation] - Seeking Alpha: The Dividend Champions spreadsheet and PDF have been updated through 9/30/13 and are available here. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.

Friday, September 27, 2013

Calculating A Stock's Fair Value Based On Future Growth Expectations: Part 2A - Seeking Alpha

Calculating A Stock's Fair Value Based On Future Growth Expectations: Part 2A - Seeking Alpha: Introduction

In part one of this two-part series I focused primarily on calculating the intrinsic value of a common stock based on an analysis and review of historical information and data. Although I strongly believe that there is much that investors can learn by studying the past, I even more strongly believe that since we can only invest in the future, that it is also implicit that we embrace a rational method of forecasting.

CVS Caremark Corporation (CVS): What's The Correct Discount Rate To Use? Part 2B - Seeking Alpha

CVS Caremark Corporation (CVS): What's The Correct Discount Rate To Use? Part 2B - Seeking Alpha: Introduction

One of the most widely-accepted and utilized methods of valuing a business in today's world of modern finance is discounted cash flow (DCF) analysis. Obviously, in order to calculate valuation, practitioners must rely on mathematical formulas. However, the challenge with utilizing mathematical formulas to determine the net present value (NPV) of a future stream of income is in determining the proper inputs. Consequently, the accuracy of our result is subject to the principle "garbage in garbage out." In other words, our calculations will only be good as the data inputs we use when running our formulas.

Wednesday, September 25, 2013

Dividend Growth Portfolio: Semi-Annual Review [Intel Corporation, AT&T Inc., McDonald's Corporation, Chevron Corporation, PepsiCo, Inc., Omega Healthcare Investors Inc, Lorillard Inc., Darden Restaurants, Inc., Hasbro, Inc., BHP Billiton plc (ADR)] - Seeking Alpha

Dividend Growth Portfolio: Semi-Annual Review [Intel Corporation, AT&T Inc., McDonald's Corporation, Chevron Corporation, PepsiCo, Inc., Omega Healthcare Investors Inc, Lorillard Inc., Darden Restaurants, Inc., Hasbro, Inc., BHP Billiton plc (ADR)] - Seeking Alpha: Disclosure: I am long BBL, HAS, MCD, T, CVX, KMP, OHI, LNT, PEP, DRI, LO, PM. (More...)

I have a confession to make. I basically skipped the April, 2013 Portfolio Review for my public Dividend Growth Portfolio (DGP). I got caught up in the excitement of the DGP's 5th anniversary and kind of let the formal Portfolio Review slide. This is a catch-up.

For those not familiar, the DGP is a public, real-money, real-time portfolio that I launched in June, 2008. It is public and transparent to demonstrate the results that can be achieved with the dividend growth strategy. Questions are suggestions are welcome, but ultimately I am the CIO (Chief Investment Officer) for the DGP, and all decisions about it are mine.

Saturday, September 21, 2013

How To Calculate The Intrinsic Value Of Your Common Stocks: Part 1 [VF Corp] - Seeking Alpha

How To Calculate The Intrinsic Value Of Your Common Stocks: Part 1 [VF Corp] - Seeking Alpha: Every investor in common stocks is faced with the challenge of knowing when to buy, sell or hold. Additionally, this challenge will be approached differently by the true investor than it would by a speculator. But since I know very little about speculation (trading or market timing), this article will be focused on assisting true investors desirous of a sound and reliable method that they can trust and implement when attempting to make these important buy, sell or hold investing decisions.

Monday, September 16, 2013

Dividend Challengers: 22 Increases Expected By November 30 [Visa Inc, Yum! Brands, Inc., Accenture Plc, Covidien plc, The Kroger Co., DeVry Inc., Pall Corporation, A. Schulman Inc] - Seeking Alpha

Dividend Challengers: 22 Increases Expected By November 30 [Visa Inc, Yum! Brands, Inc., Accenture Plc, Covidien plc, The Kroger Co., DeVry Inc., Pall Corporation, A. Schulman Inc] - Seeking Alpha: In compiling the Dividend Champions list I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.

Dividend Champions: 17 Increases Expected By The End Of November - Seeking Alpha

Dividend Champions: 17 Increases Expected By The End Of November - Seeking Alpha: Disclosure: I am long RPM, AFL, EMR, TNC. (More...)

In compiling the Dividend Champions list, I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these companies raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (five to nine years) into distinct groupings, so please look for the other articles.

Saturday, September 14, 2013

Invest In Stocks With A Margin Of Safety To Reduce Risk And Enhance Returns - Seeking Alpha

Invest In Stocks With A Margin Of Safety To Reduce Risk And Enhance Returns - Seeking Alpha: Introduction

Of all of the many sound investing principles that legendary teacher and investor Ben Graham put forward, he believed that his concept of "margin of safety" was the most important of all. This investment lesson was so deeply ingrained into the mind of Ben Graham's most famous student, Warren Buffett, that he created his two most important rules of sound investing. Rule number one: Never lose money. Rule number two: Never forget rule number one. Clearly, both of these renowned sages understood the importance of minimizing risk, especially when investing in equities. The following quote from Ben's famous book The Intelligent Investor corroborates and summarizes my point:

Wednesday, September 11, 2013

Sunday, September 8, 2013

Common Sense Strategies For Mitigating Risk In Your Retirement Portfolios: Part 2 - Seeking Alpha

Common Sense Strategies For Mitigating Risk In Your Retirement Portfolios: Part 2 - Seeking Alpha: In part one of this two-part series titled: How Investors Can Mitigate Their Portfolio Risk In Today's Tumultuous And Volatile World: Part 1, I primarily focused on how risk is thought about and dealt with in today's so-called world of modern finance theory. As I stated in the first article, my objective was not to denigrate what is commonly referred to as MPT (Modern Portfolio Theory). Instead, my goal was to establish how risk is commonly dealt with in the modern world of finance, in order to contrast it against what I coined as "Ancient Portfolio Reality."

Wednesday, September 4, 2013

Considering High-DGR Dividend Growth Stocks - Seeking Alpha

Considering High-DGR Dividend Growth Stocks - Seeking Alpha: There is a cohort of dividend growth stocks that have always fallen below my minimum threshold of 2.7% yield, but which have high dividend growth rates that make them attractive to some investors. These stocks come up often in comments and portfolio holdings as among the favorite dividend growth stocks.

These high dividend growth rate (DGR) issues seem particularly attractive to younger investors, who often feel that with several decades of compounding ahead of them, high DGRs are more important than high yields. They feel that they have plenty of time to develop excellent dividend streams. Examples of names that typically come up are IBM (IBM), Wal-Mart (WMT), and Exxon-Mobil (XOM).

Monday, September 2, 2013

'Overdue' Dividend Increases: Which Streaks Might End Soon [Intel Corporation, Dynex Capital Inc, TECO Energy, Inc., CCFNB Bancorp Inc] - Seeking Alpha

'Overdue' Dividend Increases: Which Streaks Might End Soon [Intel Corporation, Dynex Capital Inc, TECO Energy, Inc., CCFNB Bancorp Inc] - Seeking Alpha: In compiling the Dividend Champions list (found here) I get to see which companies are nearing the anniversaries of their previous dividend increases. Most of these firms raise their payout about the same time every year, but some companies go longer before boosting their dividends, and this can raise concerns about their streaks of increases.

How Investors Can Mitigate Their Portfolio Risk In Today's Tumultuous And Volatile World: Part 1 - Seeking Alpha

How Investors Can Mitigate Their Portfolio Risk In Today's Tumultuous And Volatile World: Part 1 - Seeking Alpha: I believe this question is one of the most important questions that investors need to have answered. This is especially true for retired investors whose lifestyles depend on the incomes their portfolios provide. But, in addition to income, safety, or stated differently, risk, is also a critical consideration. Moreover, on the surface this may seem like a relatively straightforward question to answer. However, there are much deeper issues that this question conjures up. Therefore, in order to answer this question most effectively the concept of risk must be defined, understood and dealt with in its totality.

Dividend Champions For September 2013 [Oracle Corporation, AstraZeneca plc (ADR), Kinross Gold Corporation (USA), BCE Inc. (USA), Aqua America Inc, Murphy Oil Corporation, American States Water Co, China Petroleum & Chemical Corp (ADR)] - Seeking Alpha

Dividend Champions For September 2013 [Oracle Corporation, AstraZeneca plc (ADR), Kinross Gold Corporation (USA), BCE Inc. (USA), Aqua America Inc, Murphy Oil Corporation, American States Water Co, China Petroleum & Chemical Corp (ADR)] - Seeking Alpha: isclosure: I am long WTR. (More...)

The Dividend Champions spreadsheet and PDF have been updated through 8/30/13 and are available here. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.

Friday, August 23, 2013

Utilities - Today's Best Bond Alternative [The Southern Company, PPL Corporation, Xcel Energy Inc] - Seeking Alpha

Utilities - Today's Best Bond Alternative [The Southern Company, PPL Corporation, Xcel Energy Inc] - Seeking Alpha: To refer to any stock or equity as an alternative to bonds or fixed income is sure to stir up the ire and consternation of many professional and individual investors alike who deem themselves prudent. Frankly, under normal circumstances I would tend to agree. But the nature of bonds and other fixed income instruments are not normal today. With today's extreme, and in the minds of many, contrived low level of interest rates, the risk profile of bonds and fixed income are far from typical. More simply stated, the currently extreme low level of interest offered by bonds and other fixed income instruments have dramatically altered, and I contend, increased their risk profile.

Friday, August 16, 2013

The Telecommunications Services Sector Untethered And Poised To Grow - Seeking Alpha

The Telecommunications Services Sector Untethered And Poised To Grow - Seeking Alpha: Suffice it to say that the Telecommunications Services sector of today is not your grandfather's Telecommunications Services sector. The explosion, and rapidly becoming ubiquitous implementation, of wireless technologies have been disruptive and game changing. As a result, the very nature of the established stalwarts within this industry have gone through an extraordinary metamorphosis. As wireline has given way to wireless, virtually every company in the Telecommunications Services sector has been forced to change their business models to align themselves with contemporary phone, Internet and cable offerings.

Dividend Challengers: 19 Increases Expected By October 31 [Yum! Brands, Inc., Accenture Plc, Covidien plc, Pall Corporation, A. Schulman Inc] - Seeking Alpha

Dividend Challengers: 19 Increases Expected By October 31 [Yum! Brands, Inc., Accenture Plc, Covidien plc, Pall Corporation, A. Schulman Inc] - Seeking Alpha: Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

In compiling the Dividend Champions list (found here), I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.

Saturday, August 10, 2013

Improve The Productivity Of Your Dividend Growth Portfolio With Technology - Seeking Alpha

Improve The Productivity Of Your Dividend Growth Portfolio With Technology - Seeking Alpha: Dividend growth investors seeking quality dividend growth stocks to fund their retirement portfolios have not historically looked to the Information Technology sector. Traditionally, the Information Technology sector has been associated with higher growth and higher risk. However, in addition to higher growth, many technology companies are also very cyclical in nature. Another common attribute for tech companies is how they have traditionally utilized their capital. In order to finance their high-growth needs, the majority of Information Technology companies have traditionally not paid dividends. Instead, they used their capital to fund future growth. However, another contributing factor to the no dividend policy of Information Technology companies was the nascent nature of this industry.

Wednesday, August 7, 2013

Buckets, Cisterns, Asset Allocation, And Retirement - Seeking Alpha

Buckets, Cisterns, Asset Allocation, And Retirement - Seeking Alpha: It is useful to be able to visualize what funding retirement is all about. Rows and columns of numbers on a spreadsheet are a great tool, but sometimes a picture is worth a thousand columns.

This article provides an overview of three ways to visualize what's going on when you think comprehensively about all of your financial assets for retirement.

Understanding Stock Splits

Every now and again, companies will execute what is call a stock split or even a reverse stock split. It seems to create chatter amongst investors when a stock split is announced by the board of directors but the reality is that a stock split doesn’t change anything to the underlying company value. The company is worth exactly the same.
For example, take Company X which operates in the drink business and have a stock price of $100 and they have 1 million outstanding shares for a total value of $100 million. In any of the scenarios below, the value will stay the same:


Saturday, August 3, 2013

Dividend Champions For August 2013 [Hershey Co, Shire PLC (ADR), Petmed Express Inc, Reinsurance Group of America Inc, Myers Industries, Inc., Computer Services, Inc.] - Seeking Alpha

Dividend Champions For August 2013 [Hershey Co, Shire PLC (ADR), Petmed Express Inc, Reinsurance Group of America Inc, Myers Industries, Inc., Computer Services, Inc.] - Seeking Alpha: The Dividend Champions spreadsheet and PDF have been updated through 7/31/13 and are available at http://dripinvesting.org/Tools/Tools.asp Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.

Is The Financial Crisis Over For Financial Stocks? [Bank of America Corp, Citigroup Inc, Wells Fargo & Co, AFLAC Incorporated, American Tower Corp, BlackRock, Inc., ICICI Bank Limited (ADR), Monmouth R.E. Inv. Corp., Vanguard Financials ETF] - Seeking Alpha

Is The Financial Crisis Over For Financial Stocks? [Bank of America Corp, Citigroup Inc, Wells Fargo & Co, AFLAC Incorporated, American Tower Corp, BlackRock, Inc., ICICI Bank Limited (ADR), Monmouth R.E. Inv. Corp., Vanguard Financials ETF] - Seeking Alpha: The cause of the financial crisis of 2007-2008, also known as the Great Recession of 2008, is attributed to many different theories. However, one of the most common theories is an easy money regulatory environment that led to an abundance of subprime loans, which in turn inflated real estate prices to bubble levels. Additionally, many blame the Financial sector, predominantly the money center banks, for exploiting the lax lending requirements with reckless and greedy behavior. They did this through the creation of and proliferation of high risk bundled subprime mortgages (CMOs, etc.) and the creation of other high risk and complex financial products that were being pawned off as safe investments.

Monday, July 29, 2013

Building A Quality Income Portfolio - Part 1: At The Portfolio Level | Mentions: BHP Billiton plc (ADR) (BBL), Caterpillar Inc. (CAT), Deere & Company (DE), The Coca-Cola Company (KO), Ross Stores, Inc. (ROST), Silver Wheaton Corp. (USA) (SLW) - Seeking Alpha

Building A Quality Income Portfolio - Part 1: At The Portfolio Level | Mentions: BHP Billiton plc (ADR) (BBL), Caterpillar Inc. (CAT), Deere & Company (DE), The Coca-Cola Company (KO), Ross Stores, Inc. (ROST), Silver Wheaton Corp. (USA) (SLW) - Seeking Alpha: Lately, I see the word "quality" being thrown around on SA dividend income related articles. I see "quality" as having 2 facets. One, we want a quality income portfolio. Two, this portfolio is made up of a group of high quality dividend payers. In the first article of this 2 article series (Part 2 is here), I'm going to explore quality at the portfolio level. At the portfolio level, we look at the bigger picture to see whether the portfolio as a whole is continuing on its track in building a growing income stream from dividends.

Building A Quality Income Portfolio - Part 2:

Building A Quality Income Portfolio - Part 2: At The Stock Level | Mentions: Chevron Corporation (CVX), Johnson & Johnson (JNJ), McDonald's Corporation (MCD), Ross Stores, Inc. (ROST), The TJX Companies, Inc. (TJX) - Seeking Alpha: In the first article of this series, I wrote about quality at the income portfolio level. This article continues with the discussion with a focus on choosing quality companies to add to our income portfolio. Amongst other things, the factors that affect the quality of a company include the company's earnings consistency, its financial strength, its yield, and its dividend growth rate.

Friday, July 26, 2013

Amgen, Inc. (AMGN): For A Healthier Portfolio - Look Here - Seeking Alpha

Amgen, Inc. (AMGN): For A Healthier Portfolio - Look Here - Seeking Alpha: The Healthcare sector is comprised of many diverse companies, as can be seen from the list of subsectors provided below. Historically the Healthcare sector has been comprised of a significant number of companies with above-average growth rates of earnings. Consequently, a majority of the companies comprising the Healthcare sector could be thought of as growth stocks over dividend growth stocks.

Wednesday, July 24, 2013

Dividend Growth Investors: Focus On Valuation Rather Than Price - Seeking Alpha

Dividend Growth Investors: Focus On Valuation Rather Than Price - Seeking Alpha: This article is inspired by a series of comments on Bob Wells' recent excellent article about retirement investing strategies.

A comment thread developed around the idea of stock prices, specifically about the difficulties an investor can experience buying more of a stock that he or she purchased for a lower price in the past. The point I made in the comments, and that I want to expand on here, is that if you shift your focus from price to valuation, the decision becomes clearer and less emotional.

Frequently Asked Questions (FAQ) About Dividend Investing - Dividend Growth Investor

Frequently Asked Questions (FAQ) About Dividend Investing - Dividend Growth Investor: Frequently Asked Questions (FAQ) About Dividend Investing
I have highlighted below several frequently asked questions about dividend investing. This is not an all inclusive list, but more of a running total of questions I am usually asked about dividend investing, dividend growth stocks and my strategy. The answers pertain to my investing, strategy and experience, and I have tried to respond to the best of my knowledge and intentions. As I get new recurring questions asked, I would add them to this list.

Saturday, July 20, 2013

Dividend Challengers: 17 Increases Expected In The Next 11 Weeks - Seeking Alpha

Dividend Challengers: 17 Increases Expected In The Next 11 Weeks - Seeking Alpha: In compiling the Dividend Champions list (found here) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time.

Wednesday, July 10, 2013

Beware The Valuations On The Best Consumer Discretionary Dividend Growth Stocks - Seeking Alpha

Beware The Valuations On The Best Consumer Discretionary Dividend Growth Stocks - Seeking Alpha: The Consumer Discretionary sector consists of businesses that sell nonessential, and therefore, discretionary goods and services. Companies in this sector include retailers, media companies, consumer services companies, consumer durables and apparel companies, automobiles and components companies. Since so much of what this sector offers is discretionary items, companies in the sector tend to do best when the economy is strongest. Unfortunately, as we will soon see, so do the prices of their stocks tend to perform best when the market is performing best.

Monday, July 8, 2013

Dividend Challengers Smackdown XL - Seeking Alpha

Dividend Challengers Smackdown XL - Seeking Alpha: Dividend Challengers Smackdown XL

In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here: http://dripinvesting.org/Tools/Tools.asp ) by high Dividend Growth and Estimated 5-year Earnings per Share Growth (using a 6% threshold for both) and, last month, by the Past 5 Years of Earnings per Share Growth and the 5-year Dividend Growth Rate.

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the combination of all three groups. I use the same Roman numeral for all three articles.)

Dividend Contenders Smackdown XL - Seeking Alpha

Dividend Contenders Smackdown XL - Seeking Alpha: Dividend Contenders Smackdown XL

In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here: http://dripinvesting.org/Tools/Tools.asp ) by high Dividend Growth and Estimated 5-year Earnings per Share Growth (using a 6% threshold for both) and, last month, by the Past 5 Years of Earnings per Share Growth and the 5-year Dividend Growth Rate.

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the combination of all three groups. I use the same Roman numeral for all three articles.)

Dividend Champions Smackdown XL - Seeking Alpha

Dividend Champions Smackdown XL - Seeking Alpha: In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here) by high Dividend Growth and Estimated 5-year Earnings per Share Growth (using a 6% threshold for both) and, last month, by the Past 5 Years of Earnings per Share Growth and the 5-year Dividend Growth Rate.

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the combination of all three groups. I use the same Roman numeral for all three articles.)

Friday, July 5, 2013

The Industrial Sector Offers A Lot Of Value, Dividend Growth And Income - Seeking Alpha

The Industrial Sector Offers A Lot Of Value, Dividend Growth And Income - Seeking Alpha: Editors' Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.

Introduction to the Industrial Sector

The Industrial sector is primarily comprised of companies that produce goods used in construction and manufacturing. Some of the key subsectors include aerospace and defense, construction and engineering, building products and industrial conglomerates. For the most part, these are capital-intensive industries that often operate on low or even razor thin net margins. Consequently, profitability can be very erratic from one year to the next. Therefore, although there are exceptions, finding quality buy-and-hold dividend growth stocks in this sector is tricky.

Wednesday, July 3, 2013

Buffett On Berkshire's Dividend Policy - Seeking Alpha

Buffett On Berkshire's Dividend Policy - Seeking Alpha: In Berkshire Hathaway's (BRK.A) (BRK.B) most recent letter to shareholders, Warren Buffett gives perhaps his most complete explanation for BRK's zero-dividend policy. (See pp. 19-21.)

I am a dividend growth investor, so I do not own shares in BRK. However, I have tried to learn as much as I can about how Buffett invests, because he loves to purchase shares of dividend-paying companies. He has expressed his enjoyment of dividends numerous times. And BRK's wholly owned companies, of course, forward dividends to headquarters like clockwork. Indeed, the managers of those companies earn bonuses based on the cash that they send to Omaha.

Tuesday, July 2, 2013

Beating Back Fear For Income Investors - Seeking Alpha

Beating Back Fear For Income Investors - Seeking Alpha: Whenever there is market volatility -- especially downward volatility -- certain kinds of articles spring up on Seeking Alpha and other sites like crabgrass in the summer. You know the kinds I mean. They have titles like "Buy And Hold Fails Again," or "What To Do About The Coming Crash," or "Market Downturn Is Inevitable; Time To Go To Cash?"

The common theme is fear. Fear of losing money as prices slide downward for who knows how long. Fear of giving up in just a few weeks or days the gains that it took several years to achieve. Fear of falling behind a benchmark and never catching up. Fear of underperforming your neighbor.

Saturday, June 29, 2013

Finding Value In The Materials Sector Is A Material Thing - Seeking Alpha

Finding Value In The Materials Sector Is A Material Thing - Seeking Alpha: Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

This is the third in a series of articles designed to find value in today's stock market environment. However, it is the second of 10 articles covering the 10 major general sectors. In my first article, I laid the foundation that represents the two primary underlying ideas supporting the need to publish such a treatise. First and foremost, that it is not a stock market; rather it is a market of stocks. Second, that regardless of the level of the general market, there will always be overvalued, undervalued and fairly valued individual stocks to be found.

Saturday, June 22, 2013

Finding Great Value In The Energy Sector - Seeking Alpha

Finding Great Value In The Energy Sector - Seeking Alpha: This will be the second in a series of articles designed to find value in today's stock market environment. However, it will be the first of 10 articles covering the 10 major general sectors. In my first article (found here), I laid the foundation that represents the two primary underlying ideas supporting the need to publish such a treatise. First and foremost, that it is not a stock market; rather it is a market of stocks. Second, that regardless of the level of the general market, there will always be overvalued, undervalued and fairly valued individual stocks to be found.

Monday, June 17, 2013

Searching For Value And Finding It In Today's Market - Sector By Sector - Seeking Alpha

Searching For Value And Finding It In Today's Market - Sector By Sector - Seeking Alpha: Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Introduction

"I think the market is overvalued now," is a common refrain that I'm hearing from most of the individual investors I have recently been coming in contact with. Consequently, many of these same investors are also currently eschewing investing in common stocks because of that fear. Although I do not agree that the market is currently overvalued, I believe I understand why so many people think it is. Individual investors currently believe the market is overvalued because of two common fallacies that at first blush appear to be logical.

Saturday, June 8, 2013

Dividend Challengers Smackdown XXXIX - Seeking Alpha

Dividend Challengers Smackdown XXXIX - Seeking Alpha: In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here) by low Debt/Equity and high Return On Equity (or ROE) and, last month, by high Dividend Growth and Estimated Five-Year Earnings per Share Growth, using a 6% threshold for both.

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of five to nine years. "CCC" refers to the combination of all three groups. I use the same Roman numeral for all three articles.)

Dividend Champions Smackdown XXXIX - Seeking Alpha

Dividend Champions Smackdown XXXIX - Seeking Alpha: In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here) by low Debt/Equity and high Return On Equity (or ROE) and, last month, by high Dividend Growth and Estimated Five-year Earnings per Share Growth, using a 6% threshold for both.

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of five to nine years. "CCC" refers to the combination of all three groups. I use the same Roman numeral for all three articles.)

Dividend Contenders Smackdown XXXIX - Seeking Alpha

Dividend Contenders Smackdown XXXIX - Seeking Alpha: In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here ) by low debt/equity and high return on equity (or ROE) and, last month, by high dividend growth and estimated five-year earnings per share growth, using a 6% threshold for both.

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of five to nine years. "CCC" refers to the combination of all three groups. I use the same Roman numeral for all three articles.)

Friday, June 7, 2013

Own These World's Leading Brands And Never Fear A Recession Again - Seeking Alpha

Own These World's Leading Brands And Never Fear A Recession Again - Seeking Alpha: Introduction - The Volatility Is Risk Myth

If you were to take the essence of most people's beliefs and understanding about investing in common stocks, or the stock market for that matter, and turn it into a movie, I believe it would have to be labeled under the category science fiction. In other words, in my experience, most of what people believe about common stocks or the stock market is predicated more on opinion than on fact. But even more importantly, it is predicated on opinions that are driven by strong emotional responses. Consequently, I believe that what most people feel that they know about investing in stocks is based more on myth than truth.

Monday, June 3, 2013

Happy Birthday! The Dividend Growth Portfolio Turns 5 - Seeking Alpha

Happy Birthday! The Dividend Growth Portfolio Turns 5 - Seeking Alpha: Five years ago, on June 1, 2008, I established a demonstration and teaching device: The Dividend Growth Portfolio [DGP]. Last Friday, it celebrated its 5th birthday.

In 2008, I wanted to have a real-life, real-time, real-money portfolio to demonstrate what could be accomplished with a dividend growth strategy-without trickery, cherry picking, back-testing, or hindsight. So I converted an existing portfolio at E-Trade into the DGP. I emptied the old portfolio of stuff that did not fit and bought stocks that did fit the dividend growth strategy

Dividend Champions For June 2013 - Seeking Alpha

Dividend Champions For June 2013 - Seeking Alpha: The Dividend Champions spreadsheet and PDF have been updated through 5/31/13 and are available at http://dripinvesting.org/Tools/Tools.asp. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.

Thursday, May 16, 2013

Dividend Challengers: 11 Increases Expected In The Next 11 Weeks - Seeking Alpha

Dividend Challengers: 11 Increases Expected In The Next 11 Weeks - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles.

Dividend Contenders: 13 Increases Expected By The End Of July - Seeking Alpha

Dividend Contenders: 13 Increases Expected By The End Of July - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles.

Dividend Champions: 4 Increases Expected By July 31 - Seeking Alpha

Dividend Champions: 4 Increases Expected By July 31 - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles.

Thursday, May 9, 2013

Dividend Challengers Smackdown XXXVIII - Seeking Alpha

Dividend Challengers Smackdown XXXVIII - Seeking Alpha: Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Dividend Challengers Smackdown XXXVIII

In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here: http://dripinvesting.org/Tools/Tools.asp) by high Estimated 5-year Earnings-Per-Share Growth and 5-year Dividend Growth Rate and, last month, by low Debt/Equity and high Return On Equity (or ROE).

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. I use the same Roman numeral for all three articles.)

Dividend Contenders Smackdown XXXVIII - Seeking Alpha

Dividend Contenders Smackdown XXXVIII - Seeking Alpha: In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here: http://dripinvesting.org/Tools/Tools.asp) by high Estimated 5-year Earnings-Per-Share Growth and 5-year Dividend Growth Rate and, last month, by low Debt/Equity and high Return On Equity (or ROE).

(Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. I use the same Roman numeral for all three articles.)

Dividend Champions Smackdown XXXVIII - Seeking Alpha

Dividend Champions Smackdown XXXVIII - Seeking Alpha: In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here: http://dripinvesting.org/Tools/Tools.asp) by high Estimated 5-year Earnings-Per-Share Growth and 5-year Dividend Growth Rate and, last month, by low Debt/Equity and high Return On Equity (or ROE).

(Note that I have separated the Champions, Contenders, Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. I use the same Roman numeral for all three articles.)

Thursday, May 2, 2013

Dividend Champions For May 2013 - Seeking Alpha

Dividend Champions For May 2013 - Seeking Alpha: The Dividend Champions spreadsheet and PDF have been updated through 4/30/13 and are available at http://dripinvesting.org/Tools/Tools.asp Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. "CCC" refers to the universe of Champions, Contenders, and Challengers.

Friday, April 26, 2013

Many Of My Dividend Growth Stocks Have Become Overvalued, What Do I Do Now? - Seeking Alpha

Many Of My Dividend Growth Stocks Have Become Overvalued, What Do I Do Now? - Seeking Alpha: To me, there's almost nothing better than finding a great company that I truly want to own at a fair valuation, or better yet, undervalued. In the long run, it has been my experience that this usually leads to outsized future returns, especially if you buy stocks when they are undervalued at the time. But there is quite often a side effect that can prove very disconcerting. Once an undervalued stock starts moving to the upside, momentum will often carry it above what prudent fair valuation would dictate.

Monday, April 22, 2013

Credit Suisse Likes Utility Stocks: Fundamental Look At Top 6 Picks - Seeking Alpha

Credit Suisse Likes Utility Stocks: Fundamental Look At Top 6 Picks - Seeking Alpha: So far in calendar year 2013, stock markets have been very strong. One very strong sector in particular has been the utility sector. Utilities have long been considered a low risk dividend paying sector. However, because of the regulated nature of most utility stocks, they are also a very low growth sector. Consequently, I feel their attractiveness and investment merit lies more with their dividends than it does for their profit potential.

Thursday, April 18, 2013

What Stocks Are Most Commonly Held By Dividend Growth Investors? - Seeking Alpha

What Stocks Are Most Commonly Held By Dividend Growth Investors? - Seeking Alpha: Last year, I did a survey on this subject, and I want to update it.

Investors are interested in the most common dividend growth stocks. There is a wisdom-of-crowds dimension to such a list. It represents where dividend growth investors, after having applied a variety of analytical techniques, have placed their actual bets.

Wednesday, April 17, 2013

Dividend Challengers: 23 Increases Expected In The Next 11 Weeks - Seeking Alpha

Dividend Challengers: 23 Increases Expected In The Next 11 Weeks - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles.

Dividend Contenders: 21 Increases Expected By The End Of June - Seeking Alpha

Dividend Contenders: 21 Increases Expected By The End Of June - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles.

Dividend Champions: 12 Increases Expected By June 30 - Seeking Alpha

Dividend Champions: 12 Increases Expected By June 30 - Seeking Alpha: In compiling the Dividend Champions list (found here: http://dripinvesting.org/Tools/Tools.asp) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have modified the Expected Increase series to reflect a more SA-friendly format by separating the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles.

Tuesday, April 16, 2013

patrimoine des ministres français avril 2013 part3


Christiane Taubira Garde des Sceaux, ministre de la Justice 61 ans | Divorcée
Patrimoine total* :448 247,38 €
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Biens immobiliers (bâtis / non bâtis)266 107,00 €
·         - Terrain d'une maison traditionnelle à Cayenne (Guyane) : 75 000 €
·         - Terrain agricole à Roura (Guyane): 26 420 €
·         - Terrain agricole à Roura : 12 285 €
·         - Maison individuelle à Cayenne : 70 000 €
·         - Terrain à Cayenne : 50 000 €
·         - Terrain à Macouria (Guyane) : 32 402 €

Comptes bancaires65 214,75 €
·         - Compte courant BFC : débiteur 173 €
·         - Compte Epargne logement BFC : 12 345 €
·         - Plan Epargne Logement 42 668 €
·         - Compte courant Banque Postale : 6 136, 75 €
·         - Compte courant CIC : 4 238 €

Véhicules / Bateaux / Avions22 000,00 €
·         - voiture Hyundaï (2008) : 13 000 €
·         - Vélo Décathlon (1996) : 200 €
·         - Vélo Peugeot (2005) : 400 €
·         - Vélo Gitane (2009) : 300 €
Assurance-vie
·         - Mondiale Vivépargne : 84 925,63 euros

Meubles / Collections / Objets d'arts / Bijoux / Etc10 000,00 €
·         - Divers : 10 000 €
Autres responsabilités :
·         - Conseillère régionale de Guyane
·         - Présidente de l’Institut Dandarah
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Députée de Guyane
retour à la liste des ministres
Anne-Marie Escoffier
Anne-Marie Escoffier Ministre déléguée chargée de la Décentralisation 70 ans | Mariée sous le régime de la communauté de biens, meubles et acquêts
Patrimoine total* :429 970,95 €
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Comptes bancaires138 204,40 €
·         - Compte courant au Crédit du Nord : 3 484,10 €
·         - LDD au Crédit du Nord : 6 327,72 €
·         - LDD au Crédit du Nord (son mari) : 6 253,41 €
·         - Compte sur livret au Crédit du Nord : 5 041,95 €
·         - Compte courant au Crédit Agricole : 10 874,02 €
·         - Compte sur livret au Crédit Agricole : 5 070,90 €
·         - LDD au Crédit Agricole : 6 325,85 €
·         - Livret A au Crédit Agricole : 17 886,33 €
·         - Carré Bleu au Crédit Agricole : 25 247,97 €
·         - Compte titres au Crédit Agricole : 1 116,00 €
·         - LDD au Crédit Agricole (son mari) : 6 325,85 €
·         - Livret A au Crédit Agricole (son mari) : 17 886,33 €
·         - Carré bleu au Crédit Agricole (son mari) : 25 247,97 €
·         - Compte titres : 1 116,00 €

Véhicules / Bateaux / Avions
·         - Toyota Yaris Essence : 17 000 € (valeur d'acquisition)
·         - Citroën DS4 en LOA (690,41 euros/mois)
Meubles / Collections / Objets d'arts / Bijoux / Etc275 000,00 €
·         - Divers : 275 000 €

Passifs à rembourser2 333,45 €
·         - Prêt personnel : 2 333,45 €
Autres responsabilités :
·         - Conseillère générale de l'Aveyron
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Conseillère générale de l'Aveyron
·         - Sénatrice de l'Aveyron
retour à la liste des ministres
Aurélie Filippetti
Aurélie Filippetti Ministre de la Culture et de la Communication 39 ans | Célibataire
Patrimoine total* :417 011,32 €
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Biens immobiliers (bâtis / non bâtis)710 000,00 €
·         - Appartement de 71 m² dans le 5e à Paris : 710 000 €

Meubles / Collections / Objets d'arts / Bijoux / Etc10 000,00 €
·         - Divers : moins de 10 000 €
Comptes bancaires10 801,82 €
·         - Compte de dépôts Crédit lyonnais : 2 754 €
·         - Compte de dépôts Crédit lyonnais : 988 €
·         - Livret Cerise Crédit lyonnais : 12,21 €
·         - Livret Développement durable Crédit lyonnais : 7 047,61 €

Passifs à rembourser313 790,50 €
·         - Crédit immobilier : 133 078, 65 €
·         - Crédit immobilier : 180 711, 85 €
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Députée de Moselle de 2007 à 2012
·         - Présidente du conseil d'administration du festival international du documentaire de Marseille
retour à la liste des ministres
Sylvia Pinel
Sylvia Pinel Ministre de l'Artisanat, du Commerce et du Tourisme 35 ans | Célibataire
Patrimoine total* :277 886,12 €
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Biens immobiliers (bâtis / non bâtis)144 000,00 €
·         - Maison d'habitation, bâtiments ruraux et terres dans le Tarn-et-Garonne : 144 000 €

Meubles / Collections / Objets d'arts / Bijoux / Etc23 000,00 €
·         - Biens mobiliers divers : 23 000 €

Passifs à rembourser25 893,36 €
·         - Prêt personnel : 25 893,36 €
Comptes bancaires119 379,48 €
·         - Compte de dépôt : 66 095, 23 €
·         - Compte Epargne logement : 15 677, 89 €
·         - Livret Développement durable : 12 160 €
·         - Parts sociales : 42 €
·         - Plan Epargne logement : 25 404, 36 €

Véhicules / Bateaux / Avions17 400,00 €
·         - Peugeot 407 (2010) : 17 400 €
Autres responsabilités :
·         - Conseillère régionale de Midi-Pyrénées
·         - Présidente de la Fédération du Parti radical de gauche (PRG) de Tarn-et-Garonne
·         - Vice-présidente du PRG
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Députée de Tarn-et Garonne
retour à la liste des ministres
Pierre Moscovici
Pierre Moscovici Ministre de l'Economie et des Finances 55 ans | Célibataire
Patrimoine total* :268 584,11 €
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Biens immobiliers (bâtis / non bâtis)200 000,00 €
·         - Un duplex à Montbeliard (Doubs) : évalué autour de 200 000 €

Assurance-vie7 574,97 €
·         - Contrat d’assurance vie Séquoia (Société générale) : 7 574,97 €

Meubles / Collections / Objets d'arts / Bijoux / Etc30 000,00 €
·         - Divers : 30 000 €
Valeurs mobilières17 368,00 €
·         - Comptes titres (Société Générale) : 17368 €

Comptes bancaires13 641,14 €
·         - Compte chèques crédit (Société Générale) : 5 497,91 euros €
·         - Compte chèques crédit (Société Générale) : 7 913,23 €
·         - Compte chèques débit (Société Générale) : 230 €
Autres responsabilités :
·         - Conseiller municipal de Valentigney (Doubs)
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Député du Doubs
·         - Président de la communauté d’agglomération du pays de Montbéliard
·         - Conseiller maître à la Cour des comptes
·         - Enseignant à l’Institut d’études politiques de Paris
Instruments financiers :
·         - Comptes titres valorisés : Air Liquide, Total, Pernod Ricard
retour à la liste des ministres
Yamina Benguigui
Yamina Benguigui Ministre déléguée chargée de la Francophonie 56 ans | Mariée sous le régime de la séparation des biens
Patrimoine total* :268 047,03 €
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Valeurs mobilières75 080,45 €
·         - Société de production SAS – Elemiah (39,6 % des parts) : 75 000 €
·         - PEA LCL : 80,45 €

Comptes bancaires198,84 €
·         - LDD LCL : 99,56 €
·         - CSL LCL : 67,19 €
·         - Livret A LCL : 32,09 €
·         - Compte courant LCL : 0 €
·         - Compte courant BESV : 0 €
Assurance-vie192 767,74 €
·         - Assurance-vie LCL : 95 556,74 €
·         - Assurance-vie Skandia : 97 211 €

Meubles / Collections / Objets d'arts / Bijoux / Etc15 000,00 €
·         - Divers : 15 000 €
Autres responsabilités :
·         - Conseillère de Paris
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Adjointe au maire de Paris chargée des droits de l'homme et de la lutte contre les discriminations
·         - Conseillère de Paris
·         - Réalisatrice, scénariste
·         - PDG de la SAS Elemiah
Instruments financiers :
·         - Actions non cotées à hauteur de 39,62% de la SAS Elemiah
retour à la liste des ministres
Cécile Duflot
Cécile Duflot Ministre de l'Egalité des territoires et du Logement 38 ans | Divorcée
Patrimoine total* :213 357,50 €
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Biens immobiliers (bâtis / non bâtis)117 600,00 €
·         - Maison individuelle de 150 m² dans les Landes (70% de 168 000 €) : 117600 €

Meubles / Collections / Objets d'arts / Bijoux / Etc12 000,00 €
·         - Meubles courants : 10 000 €
·         - Bijoux : 2 000 €

Passifs à rembourser51 755,37 €
·         - Prêt immobilier : 51755,37 €
Comptes bancaires133 812,88 €
·         - Compte courant à la Société Générale : 2 589,27 €
·         - Compte courant à la Société Générale : 100,68 €
·         - Livret de développement durable à la Société Générale : 12 173,17 €
·         - Compte sur livret à la Société Générale : 71 025,55 €
·         - PEL à la Société Générale : 16 262,82 €
·         - Livret A à la Caisse d'Epargne : 22 950 €
·         - Compte courant à la Caisse d'Epargne : 858,56 €
·         - Compte sur livret à la Caisse d'Epargne : 7 852,83 €

Véhicules / Bateaux / Avions1 700,00 €
·         - Renault Twingo : 1 300 €
·         - Renault 4L : 400 €
Autres responsabilités :
·         - Conseillère municipale de Villeneuve-Saint-Georges (Val-de-Marne)
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Conseillère régionale d'Ile-de-France
·         - Adjointe au maire de Villeneuve-Saint-Georges (Val-de-Marne)
·         - Administratrice titulaire de l'OPH de Villeneuve-Saint-Georges
·         - Employée chez Logeo à Créteil
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Vincent Peillon
Vincent Peillon Ministre de l'Education nationale 52 ans | Marié sous le régime de la communauté
Patrimoine total* :200 343,58 €
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Biens immobiliers (bâtis / non bâtis)800 000,00 €
·         - Propriétaire d'une maison de 450 m² dans l'Essonne : 650 000 € + 150 000 de travaux

Comptes bancaires34 795,00 €
·         - A la Bred : Compte courant : 12 400 €
·         - Livret A : 9 345 €
·         - Livret Développement durable : 12 116 €
·         - Fidélis Livret A : 289 €
·         - Compte Epargne Logement : 362 €
·         - Fidélis : 283 €

Véhicules / Bateaux / Avions10 000,00 €
·         - Peugeot 407 (2006) : 10 000 €
Assurance-vie11 000,00 €
·         - Assurance vie Evoluvie (Groupe Bred) : 11 000 €

Meubles / Collections / Objets d'arts / Bijoux / Etc15 000,00 €
·         - Divers : 15 000 €

Passifs à rembourser510 451,42 €
·         - Prêt habitat : 128 906, 88 €
·         - Prêt habitat : 292 396, 50 €
·         - Prêt habitat : 89 148, 04 €
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Député européen
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Manuel Valls
Manuel Valls Ministre de l'Intérieur 50 ans | Marié sous le régime de la séparation de biens
Patrimoine total* :198 503,00 €
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Biens immobiliers (bâtis / non bâtis)287 650,00 €
·         - Appartement de 88m² à Evry (Essonne) : 284 500 €
·         - Co-propriétaire d'un appartement de 44m² dans le 11e à Paris : 3 150 €

Comptes bancaires1 539,88 €
·         - Compte bancaire courant BNP Paribas : 108,71 €
·         - Compte épargne BNP Paribas : 16,96 €
·         - PEL BNP Paribas : 985,34 €
·         - Livret Développement durable : BNP Paribas : 478,87 €
·         - Compte bancaire : montant non communiqué

Passifs à rembourser170 926,59 €
·         - Prêt personnalisé : 67 928,93 €
·         - Prêt immobilier : 102 997,66 €
Assurance-vie239,66 €
·         - BNP Paris Cardiff (Décès et perte totale et irréversible d'autonomie) : 239,66 €

Meubles / Collections / Objets d'arts / Bijoux / Etc80 000,00 €
·         - Aucun détail fourni
Autres responsabilités :
·         - Conseiller municipal d’Evry
·         - Conseiller communautaire Evry Centre Essonne
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Député de l’Essonne
·         - Maire d'Evry
·         - Président de la communauté d’agglomération Evry Centre Essonne
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Bernard Cazeneuve
Bernard Cazeneuve Ministre délégué chargé du Budget 49 ans
Patrimoine total* :195 084,54 €
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Biens immobiliers (bâtis / non bâtis)550 000,00 €
·         - Maison individuelle à Lamorlaye (120 m²) : 550 000 €

Meubles / Collections / Objets d'arts / Bijoux / Etc30 000,00 €
·         - Divers : 30 000 €

Passifs à rembourser418 411,78 €
·         - Prêt immobilier (achat maison) : 212 754,23 €
·         - Prêt immobilier (travaux maison) : 122 016,96 €
·         - Prêt pour compléments travaux : 33 640,59 €
·         - Prêt pour travaux toiture : 50 000 €
Comptes bancaires27 496,32 €
·         - Compte à la Banque Populaire : 2 332 €
·         - Livret A à la Banque Populaire : 916,22 €
·         - Livret Développement Durable : 1 376,39 €
·         - Compte au Crédit Mutuel : 22 871,71 €

Véhicules / Bateaux / Avions6 000,00 €
·         - Renault : 6 000 €
Autres responsabilités :
·         - Conseiller municipal de Cherbourg (Manche)
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Député de la Manche
·         - Maire de Cherbourg
·         - Président de la Communauté urbaine de Cherbourg
retour à la liste des ministres
Fleur Pellerin
Fleur Pellerin Ministre déléguée chargée des Petites et Moyennes Entreprises, de l'Innovation et de l'Economie numérique 37 ans | Mariée sous le régime de la séparation de biens
Patrimoine total* :172 220,73 €
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Biens immobiliers (bâtis / non bâtis)440 000,00 €
·         - Propriété à Montreuil : 440 000 €

Comptes bancaires5 893,73 €
·         - Compte courant personnel BP : 1 727,19 €
·         - Compte courant joint BP : 1 068,67 €
·         - LDD BP : 156,29 €
·         - Parts sociales BP : 16,00 €
·         - Compte sur livret Casden BP : 1 087,76 €
·         - Plan Epargne Multisupport Enfant : 1 837,82 €

Véhicules / Bateaux / Avions11 000,00 €
·         - Citroën C3 : 11 000 €
Valeurs mobilières250,00 €
·         - Nicolas Reitzaum Production (2,5%) : 250 €

Meubles / Collections / Objets d'arts / Bijoux / Etc70 000,00 €
·         - Divers : 70 000 €

Passifs à rembourser354 923,00 €
·         - Prêt immobilier : 338 499 €
·         - Prêt consommation : 3 024 €
·         - Prêt consommation : 8 400 €
·         - Prêt personnel : 5 000 €
Autres responsabilités :
·         - Membre du bureau de l’association "Club XXIème Siècle"
·         - Membre du conseil d’administration de l’association Unis-cité
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Conseillère référendaire à la Cour des Comptes
retour à la liste des ministres
Benoît Hamon
Benoît Hamon Ministre délégué chargé de l'Economie sociale et solidaire et de la Consommation 45 ans | PACS
Patrimoine total* :169 904,38 €
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Biens immobiliers (bâtis / non bâtis)117 629,00 €
·         - Appartement de 62 m² à Brest (Finistère) : 117 629 €

Biens immobiliers et comptes détenus à l'étranger61 067,74 €
·         - Cotisations versées au fond de retraite volontaire des députés européens (période 2004/2009) : 61 067, 74 €

Passifs à rembourser60 843,00 €
·         - Prêt immobilier : 60 843 €
Comptes bancaires47 450,64 €
·         - Au Crédit lyonnais : Compte dépôt : 5 536,95 €
·         - Compte dépôt : 164,45 €
·         - Livret Cerise : 3 962,12 €
·         - Compte épargne logement : 822,93 €
·         - Plan épargne logement : 30 903,03 €
·         - Livret de développement durable : 6 061,16 €

Véhicules / Bateaux / Avions4 600,00 €
·         - Opel Corsa (2006) : 4 600 €
Autres responsabilités :
·         - Conseiller régional d'Ile-de-France
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Directeur du développement de la société Le Fil
·         - Professeur associé à l'Université Paris 8
·         - Conseiller régional d'Ile-de-France
retour à la liste des ministres
Najat Vallaud-Belkacem
Najat Vallaud-Belkacem Ministre des Droits des femmes, porte-parole du Gouvernement 35 ans | Mariée
Patrimoine total* :117 048,56 €
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Assurance-vie3 455,11 €
·         - Contrat d'assurance vie Vivaccio (La Poste) : 3 455,11 €

Meubles / Collections / Objets d'arts / Bijoux / Etc
·         - 22 000 euros.
Comptes bancaires91 093,45 €
·         - A la Banque postale : Compte courant 54 980, 02 €
·         - Livret A : 3 446, 04 €
·         - Compte epargne logement : 10 308, 42 €
·         - Plan d'Epargne logement : 12 050, 55 €

Véhicules / Bateaux / Avions500,00 €
·         - Scooter 50 cm3 Piaggio (2008) : 500 €
Autres responsabilités :
·         - Conseillère générale du Rhône
Responsabilités et activités exercées entre 2009 et 2012 :
·         - Conseillère municipale de Lyon
·         - Conseillère régionale Rhône-Alpes
·         - Juriste au cabinet SCP Monod-Colin
·         - Vice-présidente du Mouvement Européen
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Delphine Batho
Delphine Batho Ministre de l'Ecologie, du Développement durable et de l'Energie 40 ans | Célibataire
Patrimoine total* :109 785,06 €
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Comptes bancaires16 085,06 €
·         - CCP à la Banque Postale : 4 553,70 €
·         - CCP compte joint familial : 3 147,13 €
·         - Crédit Coopératif Deux-Sèvres : – 516,46 €
·         - Crédit Lyonnais : 699,57 €
·         - Livret A (Banque postale) : 8 201,49 €
Meubles / Collections / Objets d'arts / Bijoux / Etc93 700,00 €
·         - Divers : 93 700 €