John Buckingham, editor of the Prudent Speculator newsletter, paraphrases Warren Buffett when he says “whether it is socks or stocks, we like to buy quality merchandise that is marked down.”Pouring money into stocks during a bull market means you’re buying high. But if you’re... John Buckingham, editor of the Prudent Speculator newsletter, paraphrases Warren Buffett when he says “whether it is socks or stocks, we like to buy quality merchandise that is marked down.
The Prudent Speculator is published by Kovitz Investment Group of Chicago and tops the list for 30-year returns among newsletters tracked by the Hulbert Financial Digest. The TPS portfolio’s average annualized 30-year return is 14.5% through June 30, compared with 9.9% for the S&P 500 SPX , with dividends reinvested monthly, according to Hulbert.
Buckingham has said that making good selections has been an important part of the TPS approach’s success, but he has also said “we are superior stockholders,” to emphasize the importance of remaining committed over the long term. Investors must expect the market to stage dramatic pullbacks fairly frequently. Those can provide advantages if you are putting money to work.
A ‘creative’ dividend stock screen Buckingham listed 15 stocks that passed the TPS screens and also met these criteria:Click on the tickers for more about each company.
1FreshBoss