Quote:
Originally Posted by GregWeld
Once again - I'm going to use just one name to make an example of how the market can work for you...
When this thread started (12/2011) Philip Morris (PM) was paying a dividend of 77 cents per share and their share price was around $75.... while we played and talked and learned -- this unexciting boring "sin stock" kept working and is now paying $1.02 per share and is trading at $100.
If you bought at $75 -- your percentage being collected on it is now 5.44% and you've had a very nice long term capital gain.
I can remember - at the time - discussions about the prices being too high or overvalued.... LOL
My guess is -- not many around here have gotten a 30% pay raise in the same timeframe.
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I didnt go the PM route back then... but went the MO route. Purchased at $30. it's since doubled, and my Yield on Cost is 6.3% (i made an additional purchase in the middle in there at $40/share). One of my best yet.
Based on my calculations, my Total Return is 123%. Yay!
