Sunday, December 23, 2012


It's time once again to revise my investment plan for the new year.  After setbacks from out sized medical expenses in 2012, I'm taking an entirely new approach for 2013.  There are many roads to wealth and this time around I'm going for quality instead of quantity.  While my attempt to build a portfolio paying a dividend for every day of the year was quite doable and not entirely unsound, it was a great deal to manage.  So as I begin rebuilding my investments, I'll be targeting quality dividend stocks for the long term.  

My plan in a nutshell:  To pick a dream portfolio of no more than 12 stocks and build large holdings in each stock through monthly investments and dividend re-investment.  I plan to re-invest all dividends in my IRA account and collect all dividends from my taxable account in cash.

As for the looming "financial cliff", if the politicians can't get their heads out of their asses long enough to come up with a solution, so be it.  We've lived through major social, political and economic upheavals in the past and we'll survive this one as well.  One thing I've learned in the past 52 years is that a person can deal with anything, you just have to figure out how.  As for new taxes on stock dividends, if they're taxed like regular income, I'm O.K. with that.  Just got to roll with the punches.  

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