Quote:
Originally Posted by WSSix
That's exactly the attitude to have.
Case in point, my shares in OXY. It's an oil stock so it's down. I unfortunately bought at a record high a couple years ago so I'm perpetually down for now. However, I go into my cost basis where it lists all transactions, and I just sit back and look at all the free money I was given for being invested with them. It's not a lot but it adds up. It has really helped soften the current down trend.
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So besides the dividend you have earned over the last couple years. Seems like you can hold on and save your money and continue to purcahse more shares and consider them on sale? Correct me if I am wrong but that seems to be a main point I have taken from this discussion. Understand why you have the stock and when it go on sale purchase more?