This article made me feel good, because Even though I am young and still fairly new to investing, I made the right decision on my own (only according to the article) early august. I sold all my shares of AMD (american micro devices) for DTE (Detroit Edison) which was nice Because I was receiving no dividend for AMD and my stock was floating and not gaining for the past year or so. I conveniently bought DTE and in addition to a nice dividend that I have rolling into more shares, I have also seen a pretty decent gain %-wise.
I remember from the Book "the millionaire nextdoor", I don't recall the Exact line, but the author(s) refer to how the majority of the wealthy people earned something around 50-60% of their wealth from their stocks, not though Trading but from dividends paid from long term holding stocks. Especially in higher utility and blue chip stocks that are well established companies and not really going anywhere (folding) in all likely hood.
Although this theory was rattled pretty hard when you consider the bank Fiasco earlier this year with Bear Sterns and WAMU and ect. folding and all.
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