What’s the “$1.10 A Day Retirement Plan?”

by Travis Johnson, Stock Gumshoe | February 27, 2013 10:52 pm

Sleuthifying out the latest 12% Letter Teaser

I know that many of you have seen the teasers for the “$1.10 a Day Retirement Plan” that are being sent around the interwebs by the folks at the 12% Letter — not many folks have the email marketing might of Stansberry & Associates, that letter’s publisher, and lots of you have been asking about this one.

It probably won’t surprise those of you who’ve been digging in the Gumshoe salt mines for any length of time, but this is not a brand new idea. Nor is it the first time it’s been teased — this same basic spiel has been pitched before by the Stansberry folks as the 801(k) Plan[1] (get it? 801k is twice as good as 401k, right?), the 424 Dividend Boost[2], Black Market Income[3], the “Post Office Secret” for “One Share Millionaires”[4] and Wal-tirement[5] (though apparently Walmart sent them a cease and desist letter for that one — a letter that itself became a marketing ploy[6]) …

… and others have teased it too, of course, as retirement[7]-plan-b-pension-paychecks/">“Retirement Plan B” or as “Pension Paychecks” or any number of other mysterious-sounding names for what is a pretty long-lived, well-established and, well, otherwise boring investment strategy.

Boring works pretty well in investing, but it doesn’t work so great in marketing investment newsletters. Thus, the subterfuge.

So what is the pitch? Well, that hasn’t changed much in the five or six years (or longer, perhaps) they’ve been sending out very similar ads for the 12% Letter — the pitch is that for a tiny investment, starting with just one share, you can sit back and sacrifice little and built a massive nest egg.

And it’s sort of true.

Here’s how the ad gets you excited:

“Atlanta couple’s amazing… $1.10-A-Day Retirement Plan

“One prominent news source calls it, ‘A retirement plan that leads to easy street.’

“Atlanta, Georgia residents Jeremy and Lynn Trudeau recently built a nearly $100,000 retirement account simply by setting aside about a dollar per dayโ€”and they did it WITHOUT touching penny stocks… options[8]… mutual funds[9]… bonds… or anything even remotely risky.

“And, they’re sharing their story with the rest of America.

“Can you spare an extra dollar per day?”

And it gets more interesting when some of the details of the big numbers are shared … partly because there are a lot of people who are in a similar situation to the “Trudeaus,” so there are probably at least a few of you out there in Gumshoedom who identify with this kind of problem (and solution):

“Back in the mid-90s, the 50-something couple had almost nothing saved up for retirement.

“Decades of hefty mortgage payments, countless bills, and paying off their kids’ college tuition left the Trudeaus with just $122 for ‘the golden years.’

“That wasn’t enough to get them started in a brokerage account (which typically requires at least $1,000) or even a low-entry CD or mutual fund (which typically require at least $250).

“‘We didn’t have the money,’ recalls Lynn. ‘We had just finished putting our three sons through college.’

“Then a friend told them about a new way to pay for retirement…

“It’s a unique retirement opportunity… one that has actually been restricted by the U.S. government from being advertised to the general public (don’t worry it’s perfectly legal… and extremely easy to start).

“In fact, it’s supported by more than 400 of America’s biggest and richest organizations. More importantly, it enables you to collect $50,000… $75,000… even $100,000 or more, beginning with as little as a $1.10 a day.

“For a couple like the Trudeaus, the opportunity was a godsend. Their initial dollar per day stake is now worth nearly $100,000. And it’s still growing.”

And the ad also quotes a few major newspapers to reassure you that no, Dan Ferris[10] isn’t making this up:

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“While the government has done its best to keep this unique investment opportunity under wraps, it hasn’t been able to stop some in-the-know financial journals from revealing the details:

**The Atlanta Journal-Constitution writes, ‘Building substantial wealth by investing [what amounts to a dollar a day] isn’t a pipe dream.’

**The Boston Globe calls it ‘A retirement plan that leads to easy street.’

**MarketWatch says it’s ‘The best-kept secret on Wall Street.’

**The San Francisco Chronicle heard from one participant, ‘It’s almost impossible not to make money…'”

So yes, these plans are not really marketed, they’re sensible, they’re mostly low cost … but they’re not magic. What’s being teased is, broadly put, dividend reinvestment.

It sounds better to say it’s a unique opportunity, restricted by the government, and can help you collect $50,000 or $100,000 beginning with a buck a day — but really, the example of the Trudeaus given in the teaser, and so many others, are examples of people who consistently saved, let their dividends[11] reinvest and compound, and ended up with nice-sized bank accounts.

If I told you to start out saving $30 a month and move it up gradually every month to save slightly more, and invest that money consistently in dividend-paying “blue chip” stocks and let the dividends compound and buy more shares, you probably wouldn’t be terribly shocked if it turned out that a habit that started at a dollar a day turned into $100,000 over 20 years. The 20 years part is important.

It’s not that first “dollar a day” that turns into $100,000, but that first dollar is the start of what can build into something substantial if you invest consistently, reinvest, compound the dividends … and, of course, if you choose the right stocks that really can be foundational holdings that you can halfway ignore for 20 years.

More specifically, the tease is for direct stock purchase plans (DSPPs) and dividend reinvestment plans (DRIPs), which are basically systems that are set up so you can buy stock directly from companies instead of through a brokerage firm. This was more revolutionary 40 years ago (or even 20 years ago), when full-service brokers charged $100 commissions and had high minimums and tried to hard-sell investors on their pet stocks, but there is still an argument to be made for these plans in the age of free and cheap discount brokerages and easy dividend reinvestment options in brokerage accounts — I’ll tell you where you can find some lists of these plans in a minute.

These plans are usually administered by one of the two or three big stock handling companies, and each company has a different set of rules — the only stock that Ferris lightly teases specifically in his ad is Walmart (WMT), which he’s made plain many times in the past that he likes as one of his “World Dominators”. And you don’t get any more stock in Walmart for your $50 or $100 or $500 if you buy direct through their DRIP or DSPP than you would if you bought through a broker, but you might get a better deal on the dividend reinvestment or more flexible regular or automated investment options. An account like this does not grow magically large, but if you pick the right “blue chips” or “world dominators” who have businesses that will survive most any crisis over the long term, and who pay a decent dividend and have a record of raising that dividend consistently and significantly every year, then the growth can really be very nice and maybe even startling … particularly if you can set the plan on autopilot and not think about it for a few years.

And yes, those articles that are cited in the ad are real — the San Francisco Chronicle one is here[12], from 2007. And the Marketwatch one, form 2005, can be read here[13]. They won’t tell you anything shocking. Saving, compounding, choosing big, dominant, dividend-growing companies is boring, and it gives you a better chance of slowly growing your nest egg than anything else.

But be ready to put in some time. If you buy a stock that pays a dividend of 3% and can consistently grow the annual dividend by 10% a year, and get the actual underlying stock to also rise an average of 10% a year, and reinvest those dividends into new shares, then your investment should more than triple over ten years. If the stock price only goes up, say, 4% a year, and the dividend is increased just 8% a year, then your investment roughly doubles in ten years.

Adding more to the pile with additional savings each month or each quarter or whatever will obviously speed that up — assuming, of course, that you don’t end up with a stock that falls in value by 30% over those ten years or stops growing its dividend, as is not unheard of. But, assuming that you diversify with a half dozen or so companies that are, on average, consistent enough to generate those kinds of (very good and market-beating) returns, it’s a good first step … even if it is perhaps little solace to the 58-year-old who only has $10,000 saved for retirement. There isn’t an easy way to turn “not nearly enough savings” into “enough savings” just by investing, you have to save a lot more and invest reasonably well.

So that’s what the 12% Letter is really selling — their expertise in picking those dividend growth stocks that will be steadfast, rising in most markets and holding up better than average in weak markets, and always, always raising the dividend, without fail, at least once a year.

And the direct purchasing stuff, while a useful tool for imposing discipline if you want that, and in some cases a nice convenience, is of constantly declining importance as many direct purchase plans impose fees that are similar to discount brokers, or make recordkeeping more difficult, or whatever — but the custodians like Computershare are also getting better all the time, and the convenience of regular automatic investing can be really useful. You can browse the plans managed by Computershare here[14], or the ones from American Stock Transfer and Trust here[15]. There are a few other banks and managers who run these services, but those are the two biggest that I’m aware of, and they have thousands of companies you can invest in directly.

Do note that every company has its own policies, minimums and procedures for DRIP/DSPP investing, and that the really compelling bonus features (like the stocks that let you reinvest dividends at a discount to the share price) are pretty rare. I prefer the flexibility of discount brokers who will reinvest my dividends automatically and without charge, but they don’t (with a few exceptions, like Sharebuilder) offer partial share purchases that some direct plans do, and those purchases (ie, putting exactly $250 a month into Intel shares, instead of $243.75 for 11 shares next month or $259 for 10 shares the following month) can make it more efficient to invest a flat amount monthly instead of buying only full shares.

Usually when folks look for these kinds of stocks they start with the mid-cap and large-cap companies who have established a pattern of dividend growth that they are extremely reluctant to break, even in down years — you can find all kinds of lists of dividend growth companies, but one good starting point is the Dividend Aristocrats list put together by S&P, the folks at BuyUpside have made a nice chart of them here [16]that includes dividend growth rates. Some of the picks that I know Dan Ferris has touted before at the 12% Letter don’t have enough of a dividend record yet to make that list, picks like Cisco (CSCO)[17] or Intel (INTC)[18] (I know I’ve seen his Cisco teases, not sure about Intel), but others that he has touted like McDonald’s (MCD) and the one “secret” pick he alludes to in this letter, Walmart (WMT) are certainly on the list.

You can also buy ETFs or mutual funds that are focused on dividend growth, there are hundreds to choose from, but then you probably overdiversify and take on fund expenses and their trading expenses, which might dilute the impact of the compounding dividends by a little bit — or, in some cases, add what they so kindly call “manager risk” if you’re not just getting an indexed ETF. Of course, we all take on that “manager risk” when we choose our own stocks, too, but at least we can look at that manager in the mirror.

How about you? Any favorites in dividend growth land that you think make good candidates for DRIP investing, stocks that you can ignore (within reason) as they grow and compound on a nice gradual slope over time? Let us know with a comment below.

We’ve been talking about favorite newsletters of our readers quite a bit over the last couple days, and collecting more subscriber reviews, and the 12% Letter has come up several times as a relatively inexpensive and sober letter — you can see those reviews or add your own two cents here[19].

Disclosure: I own shares of Intel. I won’t trade in any stock mentioned above for at least three days.

Endnotes:
  1. the 801(k) Plan: http://stockgumshoe.com/reviews/12-letter/will-u-s-801k-plans-make-401ks-and-iras-obsolete/
  2. 424 Dividend Boost: http://stockgumshoe.com/reviews/12-letter/the-424-dividend-boost-12-letter/
  3. Black Market Income: https://www.stockgumshoe.com/tag/black-market-income/
  4. “Post Office Secret” for “One Share Millionaires”: http://stockgumshoe.com/reviews/12-letter/one-share-millionaire-with-the-us-postal-secret/
  5. Wal-tirement: http://stockgumshoe.com/reviews/12-letter/early-wal-tirement-how-to-get-in-from-the-very-beginning/
  6. ter for that one — a letter that itself became a marketing ploy: http://stockgumshoe.com/reviews/12-letter/a-fedex-package-you-dont-ever-want-to-receive/
  7. retirement: http://stockgumshoe.com/reviews/lifetime-income-report/a%20href=
  8. options: https://www.stockgumshoe.com/tag/options/
  9. mutual funds: https://www.stockgumshoe.com/tag/mutual-funds/
  10. Dan Ferris: https://www.stockgumshoe.com/tag/dan-ferris/
  11. dividends: https://www.stockgumshoe.com/tag/dividends/
  12. San Francisco Chronicle one is here: http://www.sfgate.com/business/article/Building-Wealth-With-DRIPs-Dividend-2830490.php
  13. Marketwatch one, form 2005, can be read here: http://www.marketwatch.com/story/building-wealth-drip-by-drip-2005-04-10
  14. plans managed by Computershare here: https://www-us.computershare.com/Investor/3x/Plans/PlansList.asp?
  15. ones from American Stock Transfer and Trust here: http://www.amstock.com/investpower/new_plandet2.asp?num=0
  16. BuyUpside have made a nice chart of them here : http://www.buyupside.com/dividendaristocrats/displayalldividendaristocrats.php
  17. Cisco (CSCO): https://www.stockgumshoe.com/tag/csco/
  18. Intel (INTC): https://www.stockgumshoe.com/tag/intc/
  19. see those reviews or add your own two cents here: http://stockgumshoe.com/reviews/12-letter/

Source URL: https://www.stockgumshoe.com/reviews/12-letter/whats-the-1-10-a-day-retirement-plan/


23 responses to “What’s the “$1.10 A Day Retirement Plan?””

  1. bonnieember says:

    Once, the Hedge Funds have bought in, & made their profits, What is the beauty of these divi’s? I don’t by stocks that are this high, when there are some SCREAMING deals out there right now

    Anyone heard of PCGS? They grade coins & they pay a very Nice Divi.

    Check it out…

    The Universe is Infinite.

  2. Dusty says:

    I absolutely love this article. Thank you.

    I learned much of this the hard way and morphed into doing my investing with this kind of strategy. When there is an accumulation of money in the dedicated bank account that meets my minimums ($1000 or $2000) I buy some shares of a stock. The minimum keeps my percentage costs for (Online Discount) Brokerage fees in line.

    Dividend Achievers and Dividend Aristocrats are a major discussion at the website SeekingAlpha.com, which is free. The reader can sign up for kinds of articles and ‘Follow’ individual contributors at Seeking Alpha which will provide an enormous amount of good information; sent to your Email to read every day and provide a free education (as much real knowledge – maybe more- in the comments as in the articles!).

    If I had nothing else, I could do well with Stock Gumshoe to keep my head and my perspective straight and Seeking Alpha for the market insight of qualified, serious investors. AHhh—- I would like to keep TheReformedBroker.com for that review and perspective, also. And BigCharts.com to vet each stock’s performance/price record before placing my bets.

  3. Wende says:

    This is my first time to comment after years of reading. I started to take control of my own finances ( after disappointment in financial advisors) by investing in dividend stocks and have been very pleased with my compounding growth. I get excited every day to see the money I have made. I follow the DAILY PAYCHECK, and hopefully one day soon I can turn off the reinvesting my dividends and live off of them. I know it is boring but it works in this no interest word. I also make a Stock of the Month pick , to add some kick. Highly recommend for all, I sleep like a baby, the market can go up or down , I am dollar cost averaging the easy way.

  4. bmc123 says:

    “this same basic spiel has been pitched before by the Stansberry folks as the 801(k) Plan (get it? 801k is twice as good as 401k, right?), ”

    I’m no financial genius, but isn’t twice 401 = 802? ๐Ÿ™‚

  5. baygreen says:

    Travis is cool in relating to the understanding of the drama to get customers to buy news letters, and even when he puts the teaser on call he does with respect. Very proud to be part of that and in even say that if you are in your 50’s there is no magic pill/stock unless you fall into the 1 in a billion penny sock before you loose your 1 mil. pennies. I give much credit for both sides of the fence the way you call the shots you print I salute you for that. But you just gave 2 examples of the stock divy plans but to turn the table with say someone no family on there own in there 50’s and 10,000$ Grand saved. What would you do to try to get the most out of that 10G assuming you have SS when you retire and you have a job that keeps you a float till then with out any other variables just you, and I know this is not the advice channel but Travis if that was your boat to keep a float what avenues would you look at to get the most bang for your buck with a medium risk and hope to stay ahead of inflation. I am sure that there are plenty like that and even worse but I do not think socialism is the answer but if you are wearing those shoe’s where would you start buying the future shoe’s with the limits you have to get the most miles, this is a pull the left handle every time and I do not like that, I like to pull what handle that makes me feel like there is a lite at the end of the tunnel, any thoughts to choose and risk factors to that even catch your eye Travis. Not speaking for myself but could be. It is hard to tell a person that diversification is a winner with 10G as the rainy day fund fund. Keep up your making sense you are good but that is a question just shooting from the hip for your thoughts.
    THANKS Paid SUB wanting to help little if I can!

  6. solyom says:

    This data base site will tell you which companies have DRIPS. I notice INTC is on the list. I value the company at 30-31 and pays a 4-5% dividend. I notice AMT is on the list. I value the company at 85 plus and it pays a 1-2% dividend which should grow rapidly. I won both.

    http://www.dripdatabase.com/Default.aspx or”Google dripdatabase”

  7. I did this back in the early 90’s. I made some mistakes that we need to tell about. 1’st is I didn’t keep paying into the drips as I should. 2’nd is I picked to many,10 or more is too many. Next when some got bought out I took the money and spent it instead of putting it into others. Next I didn’t toss the bad one’s,yes there is some that just don’t work out to well. The best of the bunch I would say has been Colgate. If I would have done what I should have with it I would be well off enough to not care what the market is doing. Sorry to say I am well into my 60’s and I am still on the hunt for every buck I can get my poor broke hands on. I know its not as bad as I make it sound,but I really thought back in the 90’s that I would be enjoying old age on easy street. Yet here I am still trying to make a nest egg thats not all broke. Before I go one thing you need to do if you get into drips is keep all your records for ole uncle Sam. He can do great harm to your world if you can’t show all your moves.
    Happy investing to all.

  8. RICHARD says:

    Travis, what is Byron King going off about?? He is over-the-top on this new investment theme. http://agorafinancial.com/reports/ESI/TechBoom/SiliconValley_091912_vp.php?code=EESIP293&o=937006&s=942438&u=46859455&l=545559&r=Milo
    Can you sleuth it out??

  9. Dusty says:

    For: Cathy Kandravi
    And anyone who may relate to this question (above):

    Subscribe to Seeking Alpha. Some ideas will be there. Most contributors and commenters in that forum are highly competent in finance.

    Maximize your Social Security by continuing to work as long as practical. At the very least, achieve ‘Full Retirement’ before hanging it up. The penalties for retiring early are severe and are forever.

    If you are a Veteran or can claim benefits from spousal military service, go visit the VA Representative at the nearest VA Hospital. Veterans should find out what benefits and medical care VA can offer them. FWIW: Visit in person and arrive at 7 AM local time on a Tuesday through Thursday. Everybody shows up at 10 AM and mostly on a Monday and Friday. If you arrive that hour early (they open at 8), you will be first or second to see the Rep.

    If possible, buy a place to live and have it paid for before retiring. Where you live now is the best place to retire if you own a home there. If you are going to need to buy a home the day you retire look at the lower prices and easier lifestyle in the Midwest. Be careful. Research the neighborhoods; think about how the ‘hood will be in 20 years. Slightly up-scale houses are not quite as likely to become a rental slum, and I am not talking about Mini-Mansions, either. Mortgage payments on a paid-for house are the same as extra income. You are not paying a mortgage every month, you do not have to be the middle in taking in that money with one hand and paying it out with the other. It is ‘Ghost Income’ ??? But you still have the shelter from the rain and the hot or cold wind. You always pay taxes and insurance and maintenance, anyway. The landlord/lender charges a fee in the rent or mortgage to cover some or all of that for you. Just be sure to allow for the cash to cover when you are on your own.

    Look at your paycheck stub, at all the deductions. After ‘Full Retirement,’ many of those deductions go away. You may be taking home half or less of your gross pay while working. You can do as well on a lot less gross after retiring because there will be a whole lot fewer deductions. Almost the same cash to spend, no work clothing or other work expenses like that tank of gas every few days, lunch at the Deli every day, whatever. Senior Citizen Discounts are on Medical Care and other things. Take full advantage. Keep any medical insurance coverage you can from your employer after retiring. The cost will drop a lot. Buy Medicare B. They never seem to tell you that the insurance will only pay what Medicare does not. If you do not have Medicare, that part comes out of your pocket. If you do not have the other med insurance, the part that Medicare does not pay comes out of your pocket. None of it is really going to pay the whole medical bill, anyway. But try for the best coverage you can– with pills! Avoid that Medicare D. And now we have ObamaCare to muddy the whole thing and ObamaCare is still a wild card.

    Be sure to collect any pensions from employment you may qualify for. Do not leave any 401K’s behind. These can be rolled over into an IRA operated by an Online Discount Brokerage. Keep your fingers in your IRA money to avoid losing it. 5 years and the Government will confiscate it and any other banking funds you have not touched for that long. The bank or the company will find a way to grab it before the Gubmint does. Doing things with your account every few months or more often keeps resetting the clock. Do not forget about Mandatory Distributions from IRA’s. At 45 or 55 it is forever in the future but a week later you are on the ragged edge of 50% or higher confiscation of your money because you did not meet the requirement. Taxable Brokerage Accounts do not have the problem and can help solve it.

    The day you retire your credit card accounts need be at Zero Balance. Then carefully manage the account balances. You may need the credit record but you cannot afford to pay interest on those accounts; keep them paid off every month. Money paid for interest and fees is money burned.

    Pay off credit card accounts by going into an austerity program. No new purchases you cannot pay for within the billing period. Then pick the smallest balance account, no new purchases in that account, ever. Add an amount of money to the minimum payment that you can sustain forever. When that account is paid in full, the total you have been paying goes to the next smallest account. When the credit cards are all on a zero balance at the end of every month, pick the two you like best to keep using and shred the rest. Now begin paying down your car’s note. Then pay down the mortgage with a letter attached to every payment asking the lender to put the extra on the Principal. Be sure there are no penaltys for paying down the mortgage early. When there is nothing left to pay off, open a taxable brokerage account and begin accumulating dividend-paying stocks. Be sure that your IRA contributions do not exceed the level which will allow employer contributions. If your contributions are at the IRA ceiling, the employer’s money and some other earnings cannot be put into your account. They will usually not tell you this. That is just extra cash for the (management) pool fund.

    If you have any doubts or other feelings about financial advisers or brokers, subscribe to and read (or at least lightly scan!!) TheReformedBroker.com every day. Buy his book, “Backstage Wall Street,” from an online vendor and read it. Take good care of your money —- yourself.

  10. Charles Young says:

    What is Steve Sjuggerud’s pitch on the “William’s Plan” conversion of a regular IRA to a ROTH IRA to reduce taxes in retirement?

  11. mark says:

    My wife works at a Sam’s club. (wal-mart) She set aside through the company a certain amount of money each check to buy the stock, At first this was done as a Christmas account. every December we would cash out what was needed to buy the kids Christmas presents. However she was always accumulating more stock than we spent. She has 160 shares now it’s in a Drip. She very slowly picks up a few extra shares a year because of the dividend, but still buys another share a month through the payroll deduction. Reinvesting dividends is a good thing for young people. but we are 60 and 56 so we can’t retire on it. We started to late. However It won’t hurt. Just if you are young start early. I’m kind of nervous about not being divirsified, however we both got 401k’s, Just hoping 75% of SSI is still there, I’m actually thinking I should split the stock upon my kids, That might make the dividend reinvestment plan work.

  12. chuck says:

    Dusty, although being a bit long winded, gave very sound advise for those approaching retirement. Would especially cite his discussions on retiring in the home you already have if at all possible, working as long as you possibly can, waiting as long as you can to collect Social Security, and especially don’t retire completely with any outstanding credit card debt — personally have done all of those since retiring for the second time (sort of) more than 5 years ago. And personally I don’t plan on completely retiring (no gainful employment) until my residence home is completely paid off (this year for sure), and the new car I bought last year is also paid off (certainly by the end of next year).

  13. David Low says:

    Hey man! this is MY plan! I invented it. In reality it started when I subscribed to sharebuilder. It costs me $12 a month. That entitles me to 12 buy transactions. Since I already paid that money (& I’m Scottish) you better believe I’m gonna use those 12 buys every month. So I do $XX dollars every month. Then, sharebuilder reinvests the dividends DRIP fashion for all the holdings I have directed to do so, whether the entity offers a DRIP plan of it’s own or not. There are some downsides to sharebuilder but it has facilitated my consistent small scale investments which have turned into bigger investments…

  14. Roger Bond says:

    The guy thinks Walmart is a secret pick? Perhaps it’s in consolidation but the last 6 months or so have not been impressive.

    I can’t stand shopping there, went there today after the Dentist, not sure which was a worse experience.

    Roger

  15. RHandyman says:

    Currently i’m doing an auto pay in ARR which is paying about 14% in dividends paid monthly which is reinvested. Previously i was accumulating shares in ATO until the price started to rise now i DRIP the dividends. The plan is to have multiple Stocks paying out dividends on a different monthly cycle therefore collect a check to supplement SS each month.

  16. Dan says:

    I am a very big fan of LOYAL3.com. The dividends are not reinvested automatically instead they sit in your account until you make another buy. But for $10 or $25 on my credit card (with 1.5% rewards) I can easily reinvest those dividends in a company I like and get rewarded for the purchase. There are about 10 on the site that I like and 5 that I am actually invested in.

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