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 am a French Canadian New Brunswicker. On August 5th, 2009, I achieved my goal of having $50,000 in investment assets. My ultimate goal is to achieve financial freedom, and at least live happily with my money and be able to achieve my objectives, even if I do not retire early. It all starts with that first $50,000. My email, if you'd like to say hello, is myfirst50000 (at) yahoo.ca.
4 comments:
What I don't understand is why you don't just pay off all your debts by selling some stock and then you will be making 100% profit going forward?
Hi Pete, because if I do, I won't have 150k in assets, I won't have 625$ 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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