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?).
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