See how easy this is? Brilliant! You simply invested in something you actually know - and trust - the chart is right - it pays a dividend... and you're right there to see if you start to notice anything going sideways.
It's when people try to get "cute" when things go badly. Buying stuff they know nothing about - because they heard some dipwad on TV saying it's a "buy". Or buying what they think they can put $500 in to and be a millionaire by the end of the week...
I've looked at Snap-On many times - each time it's the low dividend that's kept me out of this fantastic name. I'm a customer. I love their stuff... maybe I'll buy some today.
Quote:
Originally Posted by ErikLS2
Just a quick share, not pitching this stock. I've been a mechanic for far too long so I've long known that Snap On makes the best tools, period, and you pay accordingly. Anyway, I decided to look at the stock because it's something, like Greg says, "I know" (even heard Jim Cramer prasising it). I can talk to my tool guy each week and I will know right away if something with the company is sliding. Bought some on this recent dip, but look at this chart over 5 years, or even 10.
http://finance.yahoo.com/echarts?s=S...22linear%22%7D |