Investing 102

[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.