Investing 102

[GregWeld]

So if you wake up and see Annaly Capital (NLY) down it's because it went "ex-dividend" today... so it's down equal to the dividend payout... This is totally normal. Don't freak out!

[Sieg]

Nice........looking forward to my first NLY dividend deposit.

[toy71camaro]

Originally Posted by Sieg

Nice........looking forward to my first NLY dividend deposit.

Ditto!

lol.. i did notice it was down.. wasnt sweating it, cuz I'm "in it for the longhaul" so to speak...

Did find a few articles of "noise" on seekingalpha this morning. Trying to "herd the cattle away" from NLY... but the good part of Seekingalpha i like is that you can comment (and a LOT of people do)... So there are just as many PRO NLY as against NLY. So they bicker back and forth... good thing is sitting on the sidelines i get both views, and can make my own judgement.

[GregWeld]

It's one of my 3 "down" holdings... and is "volatile" to say the least. Volatile because with 25,000 shares -- a dime makes a big swing. I'm down 22K in the name BUT --- BIG BUTT --- I pick up $14,500 PER QUARTER in dividend... and UP .50 a share from here -- and I'm suddenly not down much.

[toy71camaro]

lol. yeah...

so far on my "investing 102" dividend funds, my two worst are NLY and CVX.. Each down 4.xx% since i purchased (last month?).. but, not that big of deal. If i had the money, id buy more of em. lol.

[GregWeld]

Here's a good - well written first hand experience about a "life change" experience in the stock market.


http://seekingalpha.com/article/4632...g_income&ifp=0


I lived thru the "dot bomb" bubble -- and traded a couple million dollars daily. I'd buy half million dollars worth of Dell - Microsoft - Intel - and a couple others almost every day -- if they went up .50 I'd sell and go play golf... if they went down - I MIGHT hold them over night. I made HUGE money - and paid HUGE (40%) taxes... and had I not taken out the money in 1999 (from my trading account) to pay cash for a house and then spent a year gutting and remodeling it... I'd have lost most of that account (3MM). I now look back and think what I COULDA WOULDA SHOULA done with that money... but it was mostly a lesson (by watching on the sidelines) that saved my bacon and made me a different INVESTOR... I thought at the time that I was sooooooo smart. Now I know I was very very lucky and it was all very easy while going straight UP....

[toy71camaro]

another good article..

Lately I have been trying to research/tackle the 401k.. but oh boy... thats a challenge.

[Woody]

Originally Posted by GregWeld

So if you wake up and see Annaly Capital (NLY) down it's because it went "ex-dividend" today... so it's down equal to the dividend payout... This is totally normal. Don't freak out!

Greg,

Can you explain this. It seems like if the stock price goes down "equal to the dividend payout," your return would be zero. What am i missing?

[jeff71]

Wow... theirs a lot of info to read through here.

I read through about 15 pages and didn't see much on Roth IRA's. I listen to Dave Ramsey daily and he swears by Roth's.

Greg whats your thoughts?

[Bow Tie 67]

Originally Posted by jeff71

Wow... theirs a lot of info to read through here.

I read through about 15 pages and didn't see much on Roth IRA's. I listen to Dave Ramsey daily and he swears by Roth's.

Greg whats your thoughts?

I'll try to quote Greg correctly " Best gift the government gave us "