At "The Conservative Income Investor" I wrote this comment which might not get published because my 10 year old computer is obsolete.

“Experience: That most brutal of teachers. But you learn, my God do you learn.”

My experience in the year 2000 was extremely brutal. I watched about $250,000 get vaporized. What I learned was buying stocks while planning to sell as needed after the price goes up, that works sometimes but it's too easy to get wiped out. I call it gambling and I'll never do it again.

Long before I discovered your wonderful website I developed pretty much the same ideas you have. I buy shares only when I'm 100% certain I will want to keep those shares for the rest of my life. The idea is to have a growing dividend income. Nothing could be more simple but very few people get it, even after I try to explain why this is the only correct way to invest.

A big plus is I can sleep well at night, knowing that I don't care if my stocks lose value. In fact I hope the price goes down so I can buy more at a higher dividend yield.

Recently I've been buying Kinder Morgan and AT&T.

http://theconservativeincomeinvestor.com/2015/01/17/what-happens-to-the-best-oil-stocks-when-oil-gets-cheap/