Son_of_Perdition
Senior Member
I have the usual sources for my retirement, Pension, SS, and 401k. The one other investment that I have is stocks to be more accurate I have one share of stock. Back in the early 90's I jumped on the stock market band wagon I tried day trading and selling low/buying high. I also decided to give DRIPS (Dividend Re-Investment Plans) a chance. I purchased 7 shares of 7 different companies and kept the shares for about 1 year then lost interest and cashed 6 of them in.
One of the shares happened to be a foreign stock and was listed as an ADR (don't ask me to explain). To redeem the investment I had the share sent to me and then I was susposed to send it to a broker for selling. The price to sell was $15 and since I had only paid $35 for the share I couldn't see giving up that much to sell it. Besides they were sending my a dividend check every 3 months like clockwork.
Over the 20 years that I have owned the share I have been recieving checks in the amount of approx. $.35 to todays amount of $.67. The price of the share is listed at just over $43 on Yahoo. It had been as high as $55. So doing the math I figure that I am making 7.5% ROI on the initial $35 annually ($2.64 annual dividend / $35 initial investment = 7.5% return). That is a higher rate than I'm currently making on my 401k.
Warren Buffet has nothing on me. They send me 4 checks annually of $.66 and it costs them $.42 postage plus the overhead to process it. It is rather embarassing to deposit the individual checks so I usually save them up for a year.
One of the shares happened to be a foreign stock and was listed as an ADR (don't ask me to explain). To redeem the investment I had the share sent to me and then I was susposed to send it to a broker for selling. The price to sell was $15 and since I had only paid $35 for the share I couldn't see giving up that much to sell it. Besides they were sending my a dividend check every 3 months like clockwork.
Over the 20 years that I have owned the share I have been recieving checks in the amount of approx. $.35 to todays amount of $.67. The price of the share is listed at just over $43 on Yahoo. It had been as high as $55. So doing the math I figure that I am making 7.5% ROI on the initial $35 annually ($2.64 annual dividend / $35 initial investment = 7.5% return). That is a higher rate than I'm currently making on my 401k.
Warren Buffet has nothing on me. They send me 4 checks annually of $.66 and it costs them $.42 postage plus the overhead to process it. It is rather embarassing to deposit the individual checks so I usually save them up for a year.
