So I know you guys are probably all tired of me harping about dividends...
But today is another day that reinforces why I like them over a similar name to invest in that does NOT pay a dividend.... in other words ---- why choose to put money in a stock that doesn't pay a dividend -- when there is probably a very similar stock that DOES pay one? Oh sure --- when the market is humming along and going up every day -- you're making money regardless! I like that too.... but after about 20 plus years of doing this (daily) I KNOW that the market doesn't always just hum along churning out daily gains in price. Some times you might be 2 and 3 YEARS running at a loss. If you're getting a dividend --- at least you're getting paid to sit on your hands (sounds like a union job huh? === Sorry Union guys!)
I write this today because -- the market sucks -- it's down almost 200 points this morning - and was down yesterday --- BUT --- I looked at one of my accounts and I got a check yesterday from Kinder Morgan Partners (KMP) for $13,200 -- That's real cash I can spend. Do I care what the market is doing today?? Not really (okay sure I do)... because I can pay my bills with the CASH the dividends give me.
If you're re-investing (DRIP - Dividend re-investment plan) then it's great that the market is DOWN during a dividend payout -- because your dividend will buy more shares (or parts of a share - whatever)... so it's to your BENEFIT!!
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