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Of course investing takes a special type of person that can read the markets and niches they are into.
I mean that bar/grill in Mexico City, probably costs $100K in total including everything,
He had almost a million in retirement saved up from his first job at the state department.
Rin said it...Phillip Morris...keep those dividends coming
So in a two year bear market toilet, you've just expanded your holdings from a meager 500 shares to almost 600. That's like being able to grow a business by 20% by doing 0 work for it. Even investing in a McDonald's franchise can't compete against that.
And since no bear market lasts forever, eventually, you'll get back to $82 per share but with many more shares under your belt and a greater equity stake plus dividend payout.
I'm not directly familiar with this strategy, but how does it compare to just holding the market?
the company revenues collapse, it's forced to cut its dividends, and the stocks stays in the doldrums
It's a joke. Get it?
theoakman saysRin said it...Phillip Morris...keep those dividends coming
Here's what a lot of the general public doesn't grasp ... Philip Morris is right now trading at some ~$82 per share. Each share distributes $4.56 as an annual dividend. When a stock is a 'dividend aristocrat', it tends to maintain this payout.
And thus, if one has let's say 500 shares or a $41K equity position, even if the market tanks .
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Not so quick, the Bank of Mom&Dad will never lend the basement dweller this much capital.
"if one has let's say 500 shares or a $41K equity position"
Onion is right again.
Not so quick, the Bank of Mom&Dad will never lend the basement dweller this much capital.
"if one has let's say 500 shares or a $41K equity position"
Onion is right again.
TPB's friend who'd banked $1M but lost it in a restaurant deal
Rin saysTPB's friend who'd banked $1M but lost it in a restaurant deal
If this is the same friend who drank himself to death - he would have done that without without losing the money but the loss may have sped things up a wee bit.
Alcoholism does not recognize financial gain or loss, social status or anything else actually - same for drugs.
Did however enjoy reading what you posted - interesting stuff
Buffett eats breakfast at McD
I don't worry about room (running out of money), I don't have a $$$ hoe hobby.
hehe, I may buy one when the price comes down, you know, new tech toys always do.
I may buy one when the price comes down, you know, new tech toys always do.
And that's not deflationary!
Doesn't matter if it's an onion article
MUNCIE, IN—Shaking their heads in disgust at the irresponsible man’s laziness and lack of initiative, sources disclosed to reporters Monday that impoverished 53-year-old Luke Reilly has never earned passive income from stock dividends a day in his life. “It’s an absolute disgrace that there are people in this country who can’t even be bothered to get up and go out and put some of their cash on hand into high dividend–yielding stocks,” said local resident Deborah Nix, who expressed frustration at the full-time cashier’s refusal to even try investing in a mutual fund or placing a substantial inheritance into an account that generates thousands of dollars a year and can then be tapped into as needed. “He probably just expects everything to be handed to him, but that’s not how it works. You have to get out there and pound the pavement until you find a reputable wealth management firm. Then, it’s just a matter of following the advice of an expert and transferring funds from one place to another. Of course, if someone like that ever did receive a dividend payout or a generous share buyback, he’d probably blow it all by the end of the week.” At press time, sources confirmed Reilly had proven his neighbor’s point by squandering his entire minimum-wage paycheck on rent, bills, and groceries.