FYI: ( I will link episode as soon as it becomes available, early Saturday morning.)
Regards,
Ted
November 30, 2017
Dear WEALTHTRACK Subscriber,
If major tax reform actually makes it into law it will affect most Americans and possibly their charitable giving. Pamela Norley, the President of Fidelity Charitable, the nation’s largest donor-advised fund is already seeing a jump in giving over last year as donors take advantage of this year’s likely higher tax deductions. We will discuss it with her in detail starting tonight for PREMIUM subscribers and available for everyone else on Friday.
It’s been quite a week replete with progress on that huge tax reform effort, record breaking stock markets, crazy trading in bitcoin and other cryptocurrencies, plus rising geopolitical tensions with the launch of a long-range ballistic missile by North Korea.
Investing is complicated as it is. There are so many choices available and so many decisions to make it can be absolutely overwhelming.
Sometimes a simple approach is the best one. One tried and true strategy over the years has been to invest in companies that increase their dividends every year and reinvest those dividends back in the companies’ stocks, letting the power of compounding go to work.
Historically it’s been a performance winner. An analysis by Ned Davis Research of Russell 3000 companies over the last 30 years found that investing in dividend growers has done substantially better than in dividend paying companies that don’t grow their dividends, and significantly outpaced stocks of non-dividend paying companies. The stocks of the dividend growers were also less volatile than the dividend non-changers and non-payers.
These results are no surprise to this week’s WEALTHTRACK guest who has spent half a century finding high quality dividend growers and has beaten the S&P over the years doing it. During this week’s ongoing fund raising drive by public television we will hear once again from Great Investor Hersh Cohen, Co-Chief Investment Officer of ClearBridge Investments, a Legg Mason affiliate, where he oversees nearly $18 billion in assets. He is also Co-Manager of the firm’s Dividend Strategy portfolios, including the ClearBridge Dividend Strategy Fund which he has co-managed since 2009. Cohen made his reputation with the ClearBridge Appreciation Fund which he left in 2010 after a thirty year run, in which he edged out the S&P 500 with much less risk and volatility than the market.
Cohen is stepping down from management of the Dividend Strategy fund at the end of 2017 but will continue to manage money for clients. He will also stay on as Co-Chief Investment Officer with his long-time colleague and fellow portfolio manager Scott Glasser.
In this week’s exclusive interview, Cohen shares his fifty years of market and investment perspective once again and explains why dividends have always played a key role in his investment strategy.
Cohen’s latest list of Dividend Compounders is available to our PREMIUM viewers right now and will be accessible to everyone else by Friday.
As we mentioned earlier we also have an EXTRA interview with Fidelity Charitable’s Pamela Norley about how the largest tax reform package in decades is already shaking up philanthropy. It will be available exclusively on our website.
If you want to take WEALTHTRACK with you on your commute or travels, you can now find the WEALTHTRACK podcast on TuneIn, Stitcher, and SoundCloud, as well as iTunes. Find out more on the WEALTHTRACK Podcast page.
Have a wonderful weekend and make the week ahead a profitable and a productive one.
Best Regards,
Consuelo
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