Quote:
Originally Posted by Flash68
Greg - quite a reversal today on your ex-div stock... and the market overall.
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Yep -- and it's why I purposely posted "Paper gains".... they come and they go... but now instead of a $59 grand paper gain I'm down to $30 grand...
I remember when I put new money to work around February 2011 (the account that I use for examples here).... and it went straight up about 200K.... and 3 or 4 months later (summer swoon) I was DOWN 200K.... so a 400K swing... but... always the big butt... I continued doing what I know works "most of the time"... bought a ton of stuff during the swoon and by Xmas I was up 335K (not counting any of the dividends -- we're just talking paper gains). We all know that since January 1st it's been off to the races.
I "pitch" DIVIDENDS because that is REAL MONEY.... money that I actually spend (quite liberally as you all know!
) and that keeps coming regardless of the paper gain or loss. That's why I like them!
I keep pitching them in this thread because they're particularly useful for guys just getting started and because they buy shares when the markets are lower so they're automatic savings.