Spetrino - The Great American Dividend Machine : How An Outsider Became The Undisputed Champ Of Wall Street

THE GREAT AMERICAN DIVIDEND MACHINE

HOW AN OUTSIDER BECAME THE UNDISPUTED CHAMP OF WALL STREET

THE GREAT AMERICAN DIVIDEND MACHINE

HOW AN OUTSIDER BECAME THE UNDISPUTED CHAMP OF WALL STREET

By Bill Spetrino

www.humanixbooks.com

Boca Raton, FL, USA

The Great American Dividend Machine:

2015 Humanix Books

All rights reserved

No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any other information storage and retrieval system, without written permission from the publisher.

Index: Yvette M. Chin

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ISBN (Hardcover) 978-1-63006-034-3

ISBN (E-book) 978-1-63006-033-6

Library of Congress Control Number 2014958070

C ONTENTS

O F COURSE, NOTHING WOULD be possible without my loving and supportive parents, Patti and Bill Sr. Special thanks also to my sister, Denisa Grimm, my brother, Anthony, and my in-laws, Tony and Theresa Nero. As well, I give special thanks to my sisters-in-law, Marie Haffenden and Kim Spetrino, my brothers-in-law, Paul Haffenden and Jerry Grimm, my nephews, Brian and Billy Grimm and Ryan Haffenden, and to my favorite niece, Heather Haffenden.

Also, I offer thanks to all of my aunts and uncles: Bob and Jerri Spetrino, Art and Annelies Spetrino, and Annette Schroeder; and likewise to my cousins: Pamela Stockfish, Jeff Schroeder, Amy and Steve Schroeder, Greg and Melanie Spetrino, Jason Spetrino, Toni Montgomery, and Vicki Krueger.

Spending most of my life in the Mayfield Heights area has been an amazing experience. And its been my privilege to have had the opportunity to be raised with incredible friends those whom Ive watched grow into well-respected adults and, most importantly, great parents.

Heartfelt thanks to all of my Lander Road Elementary School and Mayfield High School friends. I tip my cap to all of my coaches, especially Wally Mueller, Nick Lombardo, Jim Paradise, David Chordas, and Dave Todt. As well, I offer many warm thanks to some great teachers whove touched my life, most notably my third-grade teacher, Margaret Peterson, as well as Paul Gadke, Joe Santora, Jeffrey Smith, Ernie Safran, Carl Monastra, and the one and only Rod Meadows.

Another tip of the cap to all of my friends, teammates, and sports buddies who have given me great memories of laughter, sportsmanship, and friendship over the years, especially: Eileen Adams, Martha Allen, Carl and Tony Auletta, Susan Bascik, Willie Beers, Jack Berry, Joe and Liz Betschel, Miranda Borg, Jodi Braun, Jerry Burger, Joe Buzancic, Mike Caffery, Tony Carosella, Joe and Nancy Chapic, Frank Charlillo, Jack Ciccone, Lynette Clayton, Gale Crossley, Anthony DeCarlo, Douglas DeRoberts, Ben and Danielle DiMarco, Mickey Erickson, Kathy Estabrook, Domenic and Violet Ferritto, Domenic Ferrone, Joe and Renee Finucan, Chuck Gaglione, Joe Gallo, Bill Garcia, Nick Germano, Terry Gibbons, Lynn Gibson, Patti Goodnight, Becky Haffenden, Kelly Hanna, Susan Hill, Beth Hinkle, Mandy Hughes, Neal Intrater, Tammy and Jim Karmie, Nick and Deanna Kavaras, Karen Kelly, Bill Kump, Vince the Mad Bomber Lanese, Karl Langbhen, Diane Lipayne-Urda, Paul Loach, Mark and Cathy Lombardo, Ron Maholtz, Mike Maierson, Kimmie Malloy, Bernie Mandel, Pat Martucci, Tom and Eileen McTighe, Irene Molnar, Robert Montoni, Duckie Moore, Matthew Murphy, Mike Murphy, Bruce OHurley, Matt Palumbo, Michael Peskar, Joe Phillips, Stratt Pinagel, Larry Pinto, Darla Pirro, Dena Prater, Larry and Josie Puskas, Mike Ramacciatti, Jay Ranallo, Barrett Randell, Mike Rapposelli, Sherri Renne, Brian Roddy, Jeff Rudnick, Vince Ruggieri, Monica Rus, Matthew Sachuk, Joseph Santoro, Linda Santucci, Mark Sassone, Dave Shaft, Dhaval Sheth, Randi Simmons, David Skarica, Mike Sloe, John Spetrino, Jen St.Clair, Jeff Stein, Mike Stoner, Tommy Tirabasso, Michelle Titsworth, D. Trevelyan Owens, Dan Valentino, Tim Valentino, Bett Verboten, Ilene Viny, Tom Wischmeyr, A. J. Wolnski, Rachel Woodruff, Sherry Woolard, and Nicholas Zanella.

All of those mentioned above have played a special role in shaping who I am today. For your love, kindness, patience, and camaraderie, I am most grateful.

At my 20-year high school reunion, I ran into a guy whom I hadnt seen since graduation. He said, Bill, last I remember you were collecting baseball cards, selling tickets, and gambling. What are you doing now? The same thing, I replied.

Obviously, these three activities have played a huge role in my life. My thanks to all of those whove shared these worlds with me, sometimes in the most unconventional of ways, especially my sports-gambling and racetrack buddies: Jeffrey Kelman, Mike Razzante, Frank Marotta, and Tony Marotta. As well, much respect to those who trusted me in my first racetrack syndicate with Jeff Mahrer, especially: Pete DePaul, Mark Klang, Anthony Klang, Mike Thomas, Billy Sass, and Mike Trivisonno.

And to all of my loyal subscribers, who had enough faith in my investment savvy to unquestionably follow The Dividend Machine newsletter and BIO forum from their beginnings, I am forever grateful to all of you, notably: John Armstrong, Rob Brick, Chalker Brown, Tom Deaton, Amico DiFranco, David Dumais, Kelly and Heidi Erickson, Frank Ferritto, Jonathan and Candice Forte, Jay Coffsky, Greg Hanner, Joe Chang Jau Ho, Robert Hockensmith, Paul Jonson, Ann Iuen and Penny Kilby, Amit Kumar, Mike Mastrangelo, Angelo Mister Le Marche, Gary McCartney, William Dave and Kearstin Meadows, Roy Obreche, Dan OBrien, Chris Rees, Art Riccio, David Rocchio, Wayne Schindler, Carl and Carol Scillia, Susan Sharp, Pat Sugrue, John The Canuck, Mark Tretter, Leslie Wong, and Bob Wood.

I offer infinite thanks to Chris Ruddy of Newsmax and to my editors, Greg Brown, Mike Berg and Stephanie Gallagher, Aaron DeHoog, Jeff Yastine, Heath Ochroch, and Christian Hill, without whom neither The Dividend Machine newsletter nor this book would have been possible.

To the fine folks at Humanix Books, I extend many thanks to those who played a role in the writing and publishing of this book, most notably: Anthony Ziccardi, Andy Brown, Debra Englander, and Pamela Pantaleo for all of their assistance and guidance.

And last, but never least, I offer my greatest thanks to my supportive wife, Annette, and my amazing daughter, Stephanie. For all of your love throughout the writing of this book, and always, I am a lucky and blessed man to have you both in my life. I do it all for you.

I F YOU SAT NEXT to me, an average-looking guy from Cleveland, Ohio, I would probably introduce myself by saying, Hi, my name is Bill Spetrino and I grew up without a dime. But I figured out how to retire at 42, and now Im a multi-millionaire living my life exactly the way I want to. It may not be politically correct, but its a pretty good introduction, right? Well, guess what? You, too, could describe yourself the very same way. Okay, now that Ive got your attention...

Even though youve picked up this book, you may be skeptical. Believe me, I understand your qualms. After all, there are thousands of investing books promising you financial security. Some of the authors are credible experts while others are written by people aimed at convincing you to put your hard-earned money into their funds or other investment accounts.