Quote:
Originally Posted by WSSix
More people need to be aware of those facts, and before anyone tries to kill me, I was being sarcastic. Unfortunately, it gets clouded with emotions and this illogical fair share crappola. I try to stay away from those type of distractions when looking into stocks since it's about me growing my money regardless of agreement or support. Nice segue, eh? Basically, the stance you have laid out on why you're into Altria even though you don't smoke. I'm not sure I can do it with banking though. I'm actually very upset with the banking industry in this country. But should I care? Does my investment in them really constitute support or is it simply a means to an end and more money for myself? Sometimes, I think I put too much thought into decisions
I have no intentions of selling off my OXY. I'm just thinking I should maybe look into another petro company to expand my stake in that sector. Or, just hold tight on everything and let it ride. KMP isn't doing so well right now either but the dividend sure is nice. I'll crunch some numbers tomorrow and see where it stands. Maybe let the raw numbers guide me instead of trying to over think the decision.
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That was easy to tell.... I just decided I'd respond with that data - because there's a whole of lot people that think rich people just suck and don't pay taxes and that they "run" everything and they're basically just blood sucking idiots.
I'm the most democratic guy on earth - I don't vote that way - but I choose to be very helpful monetarily to those I think are worthy. We won't get into politics.
One of my "pat" answers when people ask me "what I am" - politically -- I tell them I'm a Democratic Republican. Of course they have no clue - so I tell them that the Republicans ALLOW me to earn enough so that I can afford to be democratic. Sadly BOTH parties suck bilge water.
RE: OXY
I can't tell you what you should do. KMP and OXY are "Oil" plays - while not technically in the same biz -- but that's why you want to be diversified. They'll come back - and then something else will suck... but as you pointed out - you'll keep on getting paid - and if your re-investing the dividend - it will continue to just pile up. The story has a happy ending.