CorsePerVita
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- Joined
- Feb 24, 2008
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so here's the deal.... the market has been volatile, of course, as most know.
there is of course.... always an opportunity to be had if you are aggressive enough or patient enough or tricky enough or just lucky enough as we all know.
however, because I am still novice to stock trading i decided to take the advice of a friend and go with "the dogs of the dow" and go for dividend stocks. My strategy would be essentially to hold all dividends, pay taxes on them at the end of the year, and the next year, go buy more stocks with the leftover amount from taxes once paid. essentially a snowball.
This seems like this would be a really slow gain until I got enough to really make a large amount nice enough to really throw into them. Keep in mind I am not richie rich, so I am trying to maximize my trades and returns, but at the same time keep it safe.
With AT&T being the largest return on dividends at over 5% it seems like a smart move considering there isn't a damned cd out there or any sort of bond that would be over that amount without keeping my money tied up for a significant amount of time.
On top of that, AT&T seems to be moving UP since I bought them, so even if I deem it to be a "eh.. whatever..." return, I can always cash out and run and pay capital gains later.
Thoughts? Opinions? Anyone else here invest specifically in dividend stocks due to the economy for longterm gain?
I was holding many stocks for longterm but as of late am not liking what I see, I cashed out and went dividend stocks. I took a small drop, but I just don't like my gut feeling on them anymore and no longer trusted those stocks.
What would you do for a guarantee return type investment, or do you think this would be an "okay move?"
Note: I'm already in the stock.... i'm simply asking others what they think.:urock2:
:coffee::thankyousign:
there is of course.... always an opportunity to be had if you are aggressive enough or patient enough or tricky enough or just lucky enough as we all know.
however, because I am still novice to stock trading i decided to take the advice of a friend and go with "the dogs of the dow" and go for dividend stocks. My strategy would be essentially to hold all dividends, pay taxes on them at the end of the year, and the next year, go buy more stocks with the leftover amount from taxes once paid. essentially a snowball.
This seems like this would be a really slow gain until I got enough to really make a large amount nice enough to really throw into them. Keep in mind I am not richie rich, so I am trying to maximize my trades and returns, but at the same time keep it safe.
With AT&T being the largest return on dividends at over 5% it seems like a smart move considering there isn't a damned cd out there or any sort of bond that would be over that amount without keeping my money tied up for a significant amount of time.
On top of that, AT&T seems to be moving UP since I bought them, so even if I deem it to be a "eh.. whatever..." return, I can always cash out and run and pay capital gains later.
Thoughts? Opinions? Anyone else here invest specifically in dividend stocks due to the economy for longterm gain?
I was holding many stocks for longterm but as of late am not liking what I see, I cashed out and went dividend stocks. I took a small drop, but I just don't like my gut feeling on them anymore and no longer trusted those stocks.
What would you do for a guarantee return type investment, or do you think this would be an "okay move?"
Note: I'm already in the stock.... i'm simply asking others what they think.:urock2:
:coffee::thankyousign:
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