By the way..... JC Penney had it's worst day ever on the stock market. It lost 20% of it's value and did away with it's dividend.
Just goes to show you how good our advice was......
Don't buy Penney stocks
Ugly last few days on Wall Street. However, nothing has occurred that has changed my income stream from Dividends.
That's the beauty of being a Dividend Investor.
I was tempted to late Friday but I held off. I just wanted to see some stability without violent Greek swings. I invest pretty much in everything that is a dividend payer but I go out on a limb occasionally and buy a stock with no dividends or a very low dividend because I like the growth potential. The problem is the don't have that downside portection and they don't pay you during a down market.
Facebook's IPO came at the wrong time and was mishandled. It came at a time when the market was acting irrationally to Greece and was driven down further by a the disaster of its IPO pricing. Once it finds some firm footing I think it will be just fine.
Two things that I like about Facebook:
1. Zuckerberg
2. The number of members would be the 3rd largest country in the world. If they find a way to monetize that it really could jump, especially if they find a way to monetize the mobile app.
I put in for 500 for my wife's IRA and got only 100 shares. I consider that fortunate.
I think the FB effect was underestimated by many. It was a huge offering of fresh equity into a thin market. It drained much of the demand for shares that might be out there.
It will take a few months to work that off and unfortunately, we're entering a seasonally soft period.
"A person is smart. People are dumb, panicky, dangerous animals and you know it."
http://dalmady.blogspot.com
@oneupper, I saw the other day that Germany is selling 0 coupon bonds. Wait, what? Why would anyone want to buy that? Is it a play on currency?
"A person is smart. People are dumb, panicky, dangerous animals and you know it."
http://dalmady.blogspot.com
"A person is smart. People are dumb, panicky, dangerous animals and you know it."
http://dalmady.blogspot.com
Yikes..... Its been a tough month and June hasn't started out so hot.
"A person is smart. People are dumb, panicky, dangerous animals and you know it."
http://dalmady.blogspot.com
How exactly did you use your dividend strategy. Did you accumulatet money and then every so often invest in a dividend stock of choice? Did you have a number of holdings that you would add to when they got to a certain price? I am curious as to how you added to your holdings? For the most part I have my portfolio of dividend stocks set but I am trying to figure out what to do with the cash when I get it into my portfolio. I have 30+ years until retirement so I want to keep about 90-95% invested.
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