It's hard for me to believe but we will soon be entering the 3rd month of 2012. Baseball spring training has begun, and here in South Florida the weather is at its best.
March also brings us closer to that wonderful time of year, tax time. This year it's April 15th. Wait a second it's always the same time of year isn't it? Geez I thought I just finished my taxes from last year!
As dividend growth investors, we have done quite well for quite some time with a well balanced portfolio of income producing stocks that we use to grow our portfolio for retirement, expand our portfolio for even greater returns, or use the income to pay our bills.
Our current portfolio consists of ExxonMobil (XOM), Johnson and Johnson (JNJ), AT&T (T), General Electric (GE), Annaly Capital (NLY), Southern Company (SO), Exelon (EXC), Procter and Gamble (PG), Philip Morris (PM), Intel (INTC), Realty Income (O), ConocoPhillips (COP), Pfizer (PFE) Chevron (CVX), E.I. du Pont (DD), Duke Energy (DUK), PPL Corp. (PPL), Coca Cola (KO).
In less than 2 weeks I will give a status update on how we are doing and the progress we have made with our retirement portfolio for which we have been waiting for a pullback to add shares to (read this).
With the first quarter of 2012 at hand, and tax time right around the bend we have not discussed one of the most nagging political hot potatoes of the last 10 years. I am not talking about the election because quite frankly it will not matter who is in the WH when action must be taken on the current Bush Tax Cut era of favorable rates on capital gains and DIVIDENDS.
Since 2003, investors have enjoyed favorable tax rates on capital gains and dividends, and since 2007 (effective 2008) even more favorable for lower tax brackets:
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