Total return are all that matters when you are young and focusing on dividends for a young investor like your daughter is NOT the recipe for success. She needs growth and she should focus on total return.
Originally Posted by Hog's Gone Fishin:
NO, Only a Moran would think that! The link was attached anyway . And my daughter uses her AMZY dividends to buy AMZN as well as more AMZY.
If you don't have the dividend income you have to rely on a paycheck from a JOB to buy stock.
Ok, thank you for qualifying.
PS I still love you even though we will never agree about dividends. [Reply]
Interestingly, my 3M stock purchase worked out. I'm currently up 53% and have booked 2 quarterly dividends. That's probably the best I've ever done on an individual stock purchase. Obviously my long term index holds are up more than that over time, but I'm pretty happy with the stock pick.
Now I need to figure out if I should sell it or turn DRIP on and let it go. If I can get things wound down in the next couple weeks, I'll look into the company a little more.
Full disclosure, my pussy ass only bought 2 shares, but I'm still marking it down as a win. [Reply]