Interesting predictions for 2008 from a guy that got a lot of them correct in 2007 Rest of his predictions. http://finance.yahoo.com/expert/article/futureinvest/57853
Siegel is a moron and a bull. I can't stand him. He's another pundit, and regularly withers when sharing the stage with guys like Jim Rogers and Peter Schiff. Playing the stock market for price, and not dividends is speculating, not investing. And someone should introduce the concept of Level 3 accounting to him, because the Financials are going to get savaged next year. Guys like him never look at fundamentals, only hype.
Isn't all investing speculating even at the dividend level, you are speculating that the company will continue to make money to continue paying out a dividend that's not any different then you speculate that the company will make more profit next because of x product or of x service which would increase the stock price.
No. Speculation includes activities like playing longs and shorts. A dividend investor is not concerned with his long or short position, he's only concerned with performance of the company, and the dividend %. If his stock devalues 50%, he doesn't look to get out, unless he thinks the company is failing, so long as his dividends remain consistent. A speculator would abandon a stock long before it lost 50% of it's value, because he was never intending to hold it as a long term investment.