03-19-2014, 10:07 AM
(03-19-2014, 01:05 AM)Concasto Wrote: I have been a wild stock picker most of my investing career, but as I grow I see it is wasted effort mostly.
Bingo! I did that for around 30 years. Then you'll wake up and say WTF (and that's not "watch the fences"). My portfolio business plan has gone a long way to discipline my thinking.
I agree with EricL about tobacco companies but was hesitant to mention that.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan