The founder:
Clint Fruitman has been a retail investor since his Dad started teaching him at 16 years old in 1962. Between 1962 and 1986 for investors like him, there was very little computerized screening, current events or analysis available, and most astute investors would pour through many pages of booklets such as weekly S&P stock guides and watch a ticker tape board at their broker’s offices. With the advent of PCs, they could more easily screen for things such as PE (Price to earnings ratios) and Dividend Yield %s, etc. Then organizations such as AII started distributing computerized data on discs to their members.
In spite of the difficulties back then, the market managed to pay for about ½ of Clint’s 8 years of university education. Clint’s degrees are in science and engineering, not finance or business. As a person who seriously thinks out of the box, his career evolved into numerous inventions for the hard drive, semiconductor tool businesses as well as the medical industry. Some of his inventions forced paradigm shifts in their respective industries. And as one might expect,
EXTREME DIVIDEND INVESTING is a proven out of the box approach to growing wealth.
Clint started taking the market seriously in 2016 learning the fundamentals of rules based pattern trading from Tom Gentile, but in 2020, he quite by accident started to learn how to really build and grow long term wealth. Late in 2019 he converted some low yielding stocks and mutual funds (i.e., <3.5% dividends) to stocks paying ~8%/yr. Then Covid 19 hit and by April 2020 the entire world economy crashed, and like most folks, his portfolio was in the toilet. However, being someone who hates to lose money, and knowing the market always reverses, he hung on for a recovery which worked out for many things.
Curiously one of the Oil industry stocks he bought in 2019, AM (Anterro Midstream for about $6.5/sh – a pipeline and storage company), continued to pay after Covid almost the same dividend even though producers of petroleum inventory were unable to sell their oil and had to pay to have it stored (with midstream companies). All oil stocks, including the midstream companies, absolutely crashed.
AM dropped to below $1/sh, but un-beknownst to foolish investors, AM was still making money and their dividends continued! Go figure. It turned out that pipeline companies make their money from rental contracts, not barrels shipped. Clint scrambled to buy all the AM shares he could find the money for, averaging the price down to $1.06/sh and eventually the dividend dropped from $0.31 to today’s $0.23/sh/qtr. Aided by irrational foolish investor panic, the dividends paid for all the stock in less than a year!!!!!! Today AM is a $14+ stock which, at that at that price still pays a respectable 6.95%.
However, for those who own it at a cost of $1.06 the dividend amounts to ~87%/yr!!!
By the way, a large pool of these foolish investors are the wiz kids managing institutional funds and hedges. In fear of losing their employer’s money, they race each other to get out quickly, driving prices down with high volume exits, instead of grabbing the bargains.
Not wanting to become a member of the poverty stricken elderly class, AM started Clint’s 4 year quest for long term EXTREME DIVIDEND, rapid wealth building methods. In that same time frame he studied option and historical behavior strategies under the guidance of Tom Gentile, Garret Baldwin, D.R. Barton and Mark Sebastian, and became knowledgeable in using these trading methods to enhance several forms of Extreme Dividend profitability. As a trader his profitability wasn’t that great, but as an EXTREME DIVIDEND INVESTOR, he has a respectable track record.
Clint’s goal is for members of the EXTREME DIVIDEND INVESTOR GROUP to follow a logical group of principles that have been shown to make money faster than typical savings and investment accounts deliver. Using our collective experience of what to do and what not to do, we might just have assembled a formula for rapid financial growth success.
Constructive comments will always be welcome.