When do YOU sell?

[Julia]

I have a similar goal in that I want a steady dividend stream, but I find it hard as a lot of companies pay dividends in the same month. As I want to receive dividends every month, it's almost impossible to find a blue chip company that pays in certain months like June.

Why do you need to receive dividends monthly? What difference does it make?
Income is income on a p.a. basis. Just put the funds in an online at call a/c and draw on it as you need to.

The majority of my income at present is paid once a year. I don't see how that's any different from having it divided by 12 and paid monthly.

 

[burglar]

... no need to add any new stocks to the portfolio.

I do that, it saves on homework.

 

[ChaoSI]

I do that, it saves on homework.

lol school ingrained that into you huh? avoid hw at all costs.

btw.. awesome thread... kudos to the guy who started it

 

[burglar]

... avoid hw at all costs. ...

A bit off topic:

We'd often get 10 words for spelling homework.
I wouldn't bother to learn them, managed 8 or 9 out of 10, as they were read out.

One day the nun comes to class and doesn't read out the words!
Instead she says "Write down the ten words you learnt for homework."
Gulp!!

 

[burglar]

I hate to give the government 40 odd % of that I gained from smart investing.

I like to give the Gov't 40 odd %, because 60 odd % comes to me!
I like to do it 3,4 or five times a year, then it is called compounding!
It's my way to make a fortune!

 

[breaker]

and at the end of the year when you,ve got FA left.

 

[Tysonboss1]

I have a similar goal in that I want a steady dividend stream, but I find it hard as a lot of companies pay dividends in the same month. As I want to receive dividends every month, it's almost impossible to find a blue chip company that pays in certain months like June.

That seems a bit silly, Surly you can manage your money yourself and just pay yourself monthly, fornightly, weekly or daily. I wouldn't mind getting dividends once a year.

 

[ChaoSI]

A bit off topic:

We'd often get 10 words for spelling homework.
I wouldn't bother to learn them, managed 8 or 9 out of 10, as they were read out.

One day the nun comes to class and doesn't read out the words!
Instead she says "Write down the ten words you learnt for homework."
Gulp!!

busted

That seems a bit silly, Surly you can manage your money yourself and just pay yourself monthly, fornightly, weekly or daily. I wouldn't mind getting dividends once a year.

different strokes for different folks


edit:
i have a stock that when i ask for a quote comes up with "invalid" what's with that?

 

[ChaoSI]

so.. just sold a small portion off...
now we see if i made a terrible decision but hopefully i'll find something else to put this money into... =)

thanks for the suggestions guys! HUGE help and EPIC learning experience.

 

[burglar]

and at the end of the year when you,ve got FA left.

Yeah!! I know the answer to this one, 'cos I been there!
You put some money in a contingency fund (aka Piggy bank)

 

[Wysiwyg]

I'm a strong believer that if you have made a gain of over 20grand never sell before the year is up. I hate to give the government 40 odd % of that I gained from smart investing.

Hmmm. One particular gain I made peaked at 35k after 3 months and began declining. As it was I held on for further gains too long and that peak 35k was banked for a 15k gain. was me. After 12 months the share price was less than my initial entry.

 

[burglar]

edit:
i have a stock that when i ask for a quote comes up with "invalid" what's with that?

Which one?

 

[So_Cynical]

Thanks - just wondering, why do you have a roulette wheel as part of your avatar?

Because i don't kid myself that what im doing in the market is not gambling, many many punters on this forum like to kid themselves that they are traders and investors etc, not gamblers....i don't have the need to hide behind a legitimate label of some kind.

Irony is that i was in star city casino recently (with work some mates) my first time in a casino for maybe 5 years and i didn't have even 1 bet, i was amazed that i had no desire whatsoever to play anything, one of the guys asked me why i wasn't playing anything and i thought about it and told him the truth about how i felt.

I told him "i have ***k in the stock market, i gamble every day and a couple of hundred at high risk in a blackjack game doesn't do it for me any more...and that's really exactly how i felt...the first time in my life that i have spent 3 or 4 hours in a casino and not gambled.

 

[TabJockey]

Because i don't kid myself that what im doing in the market is not gambling, many many punters on this forum like to kid themselves that they are traders and investors etc, not gamblers....i don't have the need to hide behind a legitimate label of some kind.

Irony is that i was in star city casino recently (with work some mates) my first time in a casino for maybe 5 years and i didn't have even 1 bet, i was amazed that i had no desire whatsoever to play anything, one of the guys asked me why i wasn't playing anything and i thought about it and told him the truth about how i felt.

I told him "i have ***k in the stock market, i gamble every day and a couple of hundred at high risk in a blackjack game doesn't do it for me any more...and that's really exactly how i felt...the first time in my life that i have spent 3 or 4 hours in a casino and not gambled.

Well there are few games in a casino where there is an odds advantage to exploit and you need some serious capital to do it.

Its easy to get a result in the market that gives good risk/return. Your return is still governed by chance, and you are still playing the odds over a period of time for a gain, similar to gambling, but the standard error of your returns is small if you want it to be (ie you can get a OK rate of return with relative certainty).

People often tell me that the sharemarket is essentially gambling, and if you look at it that way you will certainly turn it into your own private casino! But nothing in this world is certain, every time you cross the road you are gambling, every time you cook dinner you are gambling that its going to be a better option than buying it somewhere else.

Risk and return is not a law of finance and casinos, its a universal law.

 

[Tysonboss1]

Because i don't kid myself that what im doing in the market is not gambling, many many punters on this forum like to kid themselves that they are traders and investors etc, not gamblers....i don't have the need to hide behind a legitimate label of some kind.

Irony is that i was in star city casino recently (with work some mates) my first time in a casino for maybe 5 years and i didn't have even 1 bet, i was amazed that i had no desire whatsoever to play anything, one of the guys asked me why i wasn't playing anything and i thought about it and told him the truth about how i felt.

I told him "i have ***k in the stock market, i gamble every day and a couple of hundred at high risk in a blackjack game doesn't do it for me any more...and that's really exactly how i felt...the first time in my life that i have spent 3 or 4 hours in a casino and not gambled.

If you feel like you are gambling you are doing it wrong,

Investing with a margin of safty along with diversification eliminate the risk of a net loss.

Listen to this video from the 5.10 mark, Graham talks about this topic and compares it to roulette.

 

[So_Cynical]

Well there are few games in a casino where there is an odds advantage to exploit and you need some serious capital to do it.

Its easy to get a result in the market that gives good risk/return. Your return is still governed by chance, and you are still playing the odds over a period of time for a gain, similar to gambling, but the standard error of your returns is small if you want it to be (ie you can get a OK rate of return with relative certainty).

People often tell me that the sharemarket is essentially gambling, and if you look at it that way you will certainly turn it into your own private casino! But nothing in this world is certain, every time you cross the road you are gambling, every time you cook dinner you are gambling that its going to be a better option than buying it somewhere else.

Risk and return is not a law of finance and casinos, its a universal law.

Yep that's pretty much the way i see it....i chose to do my gambling in the stock market because i gamble to win and in the stock market i have a clear advantage, i get an ok rate of return with relative certainty...and every so often i still get a little gamblers rush.

Like the other day when MRE announced a return to dividends...i predicted it maybe a year ago in the MRE thread, took a big average down about 6 months ago (at what turned out to be a significant bottom) and got my pay-day with the div announcement...now looking at a gross yield of around 13% and my whole MRE position now very close to going into profit.

 

[burglar]

....i chose to do my gambling in the stock market because i gamble to win and in the stock market i have a clear advantage, ...

The turn of the card ...
the spin of the wheel ...
first horse past the post ... and it's over!!

But with shares, you decide when it's over!

 

[GumbyLearner]

when you know the system is not in your favour

 

[So_Cynical]

The turn of the card ...
the spin of the wheel ...
first horse past the post ... and it's over!!

But with shares, you decide when it's over!

Yep that's a big part of it...the other part/half of the equation is at the beginning, you decide the odds you want to take, the ticket price...do you pay $5 or $3 or $1 to get in/on...i like to pay $1 or at least under $3, under the average.

 

[ChaoSI]

Which one?

csr