(08-23-2021, 01:33 PM)Dividends from Scratch Wrote: I sold $VZ and realized a small loss. IMO it's a value trap. Spectrum getting more expensive, and obtaining frequencies is not a one-time event but an ongoing exercise. This means that debt will expand while margins shrink. As I'm prioritizing dividend growth, this is not for me.

(08-23-2021, 09:15 PM)fenders53 Wrote: Ray,

Ken will be fine in the end.  It just got hard to watch him dump quality stocks at a loss that he was enthusiastic about last month.  Invent a ridiculous reason nobody is believing and  then tell us he plans to buy the same stocks  back.  I need to leave him alone but I lost it when he said AMZN isn't "growing".  They are printing the GDP of a decent sized country every quarter lol.

(08-22-2021, 08:16 PM)ken-do-nim Wrote: Sorry I've exasperated you, let me respond to your individual points.

> The yield chase trading game is beyond farcical as you dump them when they show themselves as yield traps that most of them are, despite 100 warnings on this forum.

First off, the whole high dividend payers search is part of a 'training exercise', if you will, for building a dividend paying machine that I can use at retirement.  I am hopeful that some of them I will be able to maintain for the long term and aren't, in fact, yield traps.  Yes absolutely, ORC, AGNC and NLY had to be cut, and in hindsight I was hoping, like Genester hopes now, that at a low enough price, they are worth buying, when that really isn't the case, since they over time continue to erode.