Knight
Well-known Member
CD vs stocks I am not promoting a stock just trying to show why investing in a solid company that has had a significant drop in stock price can work to a persons advantage. At the time this thread was discussed my post # 43 began with.
"The utility I bought 1000 shares of on 5/17 @$26.75 just went past $28.75 On July 2 @ .41 a share with no reduction in the capital gain the dividend will probably be about 14 share increase. Granted 14 shares is a tiny amount but as I pointed out this purchase is a nest egg for our sons."
In July & Oct. dividends were paid. total was 28.556 shares. Stock price today a few minutes ago the price was $30.56 or a capital increase of $4682.67 in 5 months. As I posted I have no intention to sell. Without investing one more dollar I expect this stock to just about double in shares in 15 years. Each time the dividend is paid the original cost per share reduces, so the capital increase if any will be a surprise bonus for them.
"The utility I bought 1000 shares of on 5/17 @$26.75 just went past $28.75 On July 2 @ .41 a share with no reduction in the capital gain the dividend will probably be about 14 share increase. Granted 14 shares is a tiny amount but as I pointed out this purchase is a nest egg for our sons."
In July & Oct. dividends were paid. total was 28.556 shares. Stock price today a few minutes ago the price was $30.56 or a capital increase of $4682.67 in 5 months. As I posted I have no intention to sell. Without investing one more dollar I expect this stock to just about double in shares in 15 years. Each time the dividend is paid the original cost per share reduces, so the capital increase if any will be a surprise bonus for them.