[birdienumnum]

hehe….grandpa’s values are precisely highly recommended for the long term. On the other hand, there are star values…but who knows if AAPL will still exist in 10 years (or in what form)? Same for FB…

[birdienumnum]

As for me:

1) PM

2) DEO

3) ETN

4) MCD

5) BEEP

[birdienumnum]

Small clarification all the same: all the values mentioned have a sustainable dividend distribution ratio. Finally, I have not analyzed them all recently but let's say that the ratio should be lower than 65%. Exceptions: BIP and KMP which are MLPs, with a special tax status, and which have the particularity of distributing all of their profits. The ratio can therefore be 100% or even higher.

I also forgot 3 stocks (DEO, PM and MO) that are so deep in my wallet that I haven't even looked at them for ages! These "vice" companies absolutely must be included in any portfolio.

Finally, to lubricate your portfolio I suggest (once again) WDFC (if you don't buy their stock, at least buy their WD-40 lubricant...to put in the hands of any handyman!) and CHD (with their Trojan condom)... but these 2 stocks, like CLX, CL and KMB are at their highest. It might be more prudent to buy after a correction.

[birdienumnum]

Lopazz,

nice diversified selection…nothing to complain about…it's a shame however that these titles are at their highest for over a year. That said,
In the long run, it doesn't matter much.

As soon as MCD goes below 85 USD, I'm buying!!!

Ok, I will post my portfolio separately.

birdienumnum

[birdienumnum]

Well, the end of the world is still not here...here comes the time for a "yield hunter" like me to pull the trigger (in the next few days).

In France I buy: RAL (debt reduction, huge dividend and unanimously positive analysts), FP (massacre! the gas leak is already sealed…dividend soon to increase), SGO (US housing recovery play), DG (have you seen the price of their parking?!)

In the US I buy: JNJ (I have owned JNJ for over 6 years….a total disappointment in terms of the share price mainly due to investors abandoning the stock (many recalls in recent years). With a new CEO at the helm, a positive note from Goldman Sachs on a possible split of activities, a dividend increased year after year, I can easily see the stock going to USD 67 in the next 12 months), EMR, MCD (I'm still waiting a little), KMP (regardless of the price of a barrel, this pipeline company receives stable revenues, a bit like Vinci or Eiffage for highways. Dividend increases year after year. Warning: some Swiss brokers do not allow you to buy this MLP)

In Switzerland I buy: Inficon, Bossard (the entire float if I could!), ABB, Zurich (insurance not very popular at the moment), Rieter, Swissquote (speculative)

[birdienumnum]

The best is not to pay taxes on dividends at all, either through companies that traditionally reimburse a part of the nominal value of the share (capital gain in Switzerland not taxable for the Swiss), or through companies that pay their dividends by drawing on their reserves (according to a recent tax law in force for 2 years if I am not mistaken). The real estate companies Swiss Prime Site, Mobimo, All Real and Warteck are part of the first group and there is nothing to indicate that they will not continue to do so (reimbursement of nominal value vs. dividend).
As for the 2nd group (reimbursement via reserve), it is not certain that a company that has practiced this policy this year will be able to do so again in the future. Rieter, ABB, Komax, Zurich Insurance, Inficon, Swissquote, Swisslife, BCV (partly), SGKB (partly), to name just a few examples, have done so. To my knowledge, Walter Meier has not been able to do so this year.

My recommendations:

SPS, Mobimo, All Real: hold, buy on the dip
Warteck: bond proxy
Komax: hold, buy under 55
Zurich, ABB, BCV: buy & hold
Inficon: strong buy
Rieter, Swissquote: accumulate

[birdienumnum]

Well done,

Finally someone who talks about dividend taxation. Whether on university benches, on specialized sites or in financial literature, taxation never seems to play an important role in investment decisions, yet it is an essential component as far as I am concerned.

To illustrate: I am a Swiss resident taxpayer. My American shares are subject to a withholding tax of 15% and an imputation of imputation of 15% (i.e. a total of 30%), which I can recover by declaring this income in my Swiss tax return. My Canadian securities are taxed only at 15%. Among my securities under the Master Limited Partnership (MLP) regime, such as KMP, the tax amounts to 35%, i.e. the same as Swiss securities. French securities were until recently taxed at 25% for the Swiss. This rate has just increased to 30%!!! It makes no difference if you own French stocks listed in the US (via ADRs) such as Sanofi, Total or France Telecom, the withholding tax will also be 25% and now 30%. On the other hand, ADRs of English stocks are tax free. So I enjoy 100% of the yield on my BP, DEO and GSK stocks. No idea if this would be the case if I held English stocks directly, as I have no positions in England, but I imagine so.

For Swiss securities, it is true that the withholding tax of 35% (which is called anticipated tax in Switzerland) is very high. On the other hand, there are Swiss securities whose dividends are tax-free, if the distribution comes from reserves (agio). This year, I was able to enjoy tax-free dividends from ABB, ZURN, RIEN, SQN, SREN, KOM to name just a few examples. Many of these companies are not Swiss Blue Chips but SMEs that are very little known to the general public and are leaders or number 2 worldwide in their respective fields. Some of these securities have been massacred recently and are worth accumulating.

[Author]

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