Originally Posted By: Warstud
Originally Posted By: JHZR2
Go line!!
Doesn't look like it's gone anywhere since 2011. Strictly a dividend stock.
ummmm...
Originally Posted By: JHZR2
Bought some more LINE on today's dip. I think it's the right choice in the long run. Even if the div is cut, the yield will still remain and it's a better place to park money than money market.
When you pick up a thousand shares here, a thousand shares there of something, and play the price game (I got in at $34.51), Ill take roughly $1.25/share profit in a couple days time (closed today at $35.73, and I expect it to appreciate a bit more so I havent taken profit yet).
I do this over and over again on multiple stocks. A few hundred here, a few hundred there, maybe a score for $1k... Im very seldomly selling for a tax loss. Only two percent of my trades for the entire last year were in the red, and I was nicely in the black dollar-wise, had to pay a good amount of taxes.
Its enough to cover our going out to eat on the weekend and other miscellaneous expenses... Im not trading hundreds of thousands or millions of dollars, there are well calculated patterns and risks, and its just to generate play money that doesnt have to come from my salary. Im not looking to retire off these gains. And if I took a big hit, many of the stocks I trade on have a healthy dividend (poor man's hedge), so Id just hold for that and be somewhat reconciled.
Works for me.