My main objective when investing in a company is to share in the profits. Profits to me, come in the form of dividends. I'm looking for income replacement later in life without having to liquidate positions. So for now, my primary objective is to build a reliable, predictable and increasing stream of income.

Nearly every company I own not only paid dividends during the two recessions we have experienced in the past 10 years, they also increased those dividends.

I allow myself to invest 10% of my portfolio in growth/speculation companies and I will occasionally swing trade.

Current Portfolio:

Utilities: AVA, D, EXC, NGG, PNY, SCG, SO, SRE and UNS

MLP's: EPD, KMI, KMP, KMR and ... More MMP

Reit's: HCN, NNN, O and OHI

Consumer: CL, GIS, KMB, KO, MCD, MKC, PEP, PG and SYY

Telecom: T and VZ

Financial: CINF

Energy: COP, CVX, MHR, PSX, SDRL and TPZ

Health: ABT and JNJ

Tobacco: MO and PM

Industrial: LEG, LMT, NUE and WM

Tech: ADP and INTC

CEF's: ETO, NMO and VMO

The link below will bring you to one of the portfolios I manage. It's a real portfolio, with real money. I update it monthly outlining everything that goes on within the portfolio.

PROJECT $3 MILLION:

http://project3million.blogspot.com/