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I dont post much (only if i have something to "add" and not just drivel) lol. BUT I do check this post at least 5 times a day (I'm on PC all day. lol)
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I still read this every time it comes up on the new posts list. I appreciate the information that's shared.
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Me to you guys. Look. Learn. Listen. Apply.
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This morning -- as usual -- I'm having my coffee and watching CNBC --- and shooting zingers over to Sieg about all the "luck" I've had on a couple names that were bought for pure speculation (in other words - a trade).
Someone on CNBC mentioned that "Buffet" liked Procter & Gamble (PG). So, of course, I had to go check it out. Talk about your BORING with a capital B name.... and crappy dividend payout of a whopping 3.02% !!!! Who the hell is going to get rich in a name like that! Really --- 3% dividend. You've got to be kidding me.... Oh.... Wait.... it's TOTAL RETURN for the last 5 years??? EIGHTY EIGHT PERCENT.... oh yeah -- 88%..... that's almost doubling your investment in 5 years. See that's the thing. You've got to dig into the details and while the office hangs around the cooler discussing the latest HOT name... you could be just kicking back with a nice smile on your face knowing that you're going to retire with a huge pile of stock that's paying you to go play golf. NO I DON'T OWN THIS NAME. It's just another example of investing rather than GAMBLING (is that a pun when discussing this name?). |
PG was one of the first stocks I picked out, plan on holding it forever....
I'm enjoying my 7 % pay raise I got today... |
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Proud to say today is my first Ex-Dividend date on my AT&T stock. Im like a kid anticipating the ice cream truck waiting til the end of the month to receive my first dividends (reinvesting of course). Thanks Greg. |
Take a look at Ford's 5-year Total Return and tell me why you shouldn't buy it and forget about it. :sieg:
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Lance --- Gotta love those dividends and the raises that come with them from tme to time!
AT&T (T) went "ex" dividend today.... Thus it's trading down when everything else in my accounts are green. I needed a good dividend to pay for the two neon signs I bought last week! So, timing is everything.... LOL 6 foot by 6 foot.... as in BIG! http://i919.photobucket.com/albums/a...ilding/_12.jpg And this one is 4 1/2 feet by about 4 feet wide.... http://i919.photobucket.com/albums/a...ing/image.jpeg |
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OMG I got a great belly chuckle out of this post --- because it's TRUE! Amazing what getting that dividend does for you! The thinking needs to change (or be) "I'm an owner of "X" company - and I'm on their payroll until I quit (sell). An awesome post! I'm always glad to hear this kind of success! |
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I personally think FORD (F) is the best of the autos and own this name. The problem is their dividend sucks -- if it was better -- I'd buy more of it than I already have (ditto Wells Fargo). I bought Ford more for the growth story than the dividend. This kind of stuff is where you have to be ahead of the curve... so once I saw the economy beginning to make the turn up - I started building a position in the name. (same with WFC). Being early can come with pain... but if you stick to your original reasoning - and you're right (eventually) the payoff is great. |
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