The Plan

Through monthly savings, max out my and my wife's Roth IRA accounts and contribute a min of $500 to The Fund.  Over time, we hope to raise the minimum contribution amount.

Using Sharebuilder Automatic Investing Plan, will use money in my Roth IRA account and The Fund to make dividend stock purchases.  The backbone of the portfolio will be stocks from David Fish's Champion, Challenger, Contender List.  Majority of the portfolio will be companies from the Champion List.  I will use my wife's Roth IRA account as a baseline since she will be using a Vanguard Target fund.  

Because I am a Costco member, my automatic trades are $2 per trade so my trade should be at least $200 so I only pay 1%.

I plan to buy and hold (to reinvest all dividends) all of my acquisitions.  However, it's not just buy and hold.  It will be buy and monitor and sell if needed.  If I sell a position, it means the company hasn't met up to my expectations.  I hope each of the companies to raise dividends every year.  If a company cuts a dividend, it's an automatic sell.  I haven't decided what to do if a company's dividend stays constant.  Maybe after 2 years of non dividend raises, I will sell it but it's not set in stone.  



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