I sell 300 units of PHS.U at 14.04$ and I just buy 200 stocks of WTE.UN at 23.11$. I am very happy since this new investment will add up to my dividend income. 178$ x 2 = 356$. I did an amazing profit with PHS.U.
4 comments:
Pete
said...
What I don't understand is why you don't just pay off all your debts by selling some stock and then you will be making 100% profit going forward?
Leverage will leave you very exposed if there is a market downside
Also dividends are pointless because they absorb your capital for very little annual return...with a growth stock like bidu or aapl you would get that 4% dividend return in a month or less from just growth
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I’m a proud French Canadian from New Brunswick with a passion for investing. On August 5, 2009, I hit a major milestone: reaching $50,000 in investment assets. This initial achievement was just the beginning of a lifelong journey toward financial independence. My ultimate aim isn’t necessarily early retirement but rather the freedom to live comfortably, achieve my goals, and enjoy financial peace of mind. Every journey starts with a first step, and for me, that was my first $50,000. Feel free to reach out and say hello at myfirst50000 (at) yahoo.ca—I’d love to connect!
4 comments:
What I don't understand is why you don't just pay off all your debts by selling some stock and then you will be making 100% profit going forward?
Hi Pete, because if I do, I won't have 150k in assets, I won't have 625$ per month equivalent in dividend. I want leverage.
Leverage will leave you very exposed if there is a market downside
Also dividends are pointless because they absorb your capital for very little annual return...with a growth stock like bidu or aapl you would get that 4% dividend return in a month or less from just growth
Leverage is good if used correctly. Sunny is using it correctly.
Glad I could help increase your dividends with the WTE.UN lead I provided to you.
Cheers,
Bloated on Dividends
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