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Investment genius - ho ha! - if it were only true - I'd be posting from Sir John Templeton's neighborhood in the Bahamas.

Chickenheartedness being one of my favorite investment theories - not ready to give up my 75% balanced index Lifestrategy mod yet.

If I surpass it in the stretch by ploding on with dividend stocks AND learn something along the way - so much the better. I like the idea of an 'outside the box' divdend stream that acts like a cola'd pension - in the retirement phase of the cycle.

Please post anything that you ferret out idea wise in your reasearch/reading.

It turns out that Lowell Miller did a lot better than I had thought. Most of his selections are still in Mergent's Dividend Achievers. Their 5-year, annualized, total returns varied from -5% to +5%, with most being closer to +5%.

All of that sound lousy until you consider that we are talking about 1999-2004. A +5% per year return over that period is not too shabby.

Some of the 1-year returns were spectacular, but that is true of a lot of stocks.

Have fun.

John R.