VBIN's oil stock thread.

[bankerboy]

(09-16-2021, 01:57 PM)fenders53 Wrote: The yield math doesn't work at all. A lot of us owned XLE back then and the dividend was barely over about $2/yr if I remember correctly. Don't sweat it though. The point is those sub $40 XLE shares were a nice score for you, especially since you could have sold them for about $55 about six months later if you chose. And of course I wish I had chosen that lol. I sell covered calls but it doesn't completely fix it. Accurate market timing is a bitch lol.

It was the big dividend paid at the end of 2019 that skews it. My real yield was about 5.6% when I bought it. I looked at it as a dividend growth opportunity and will keep it since my YOC is good. If you remember banks and oil were way undervalued in late 2020. My banks stocks I bought then did very well too.

I still believe we’ve got some growth in the market this year and 6%-8% in 2022 so just dabbling into dividend stocks for long term holds at this point. With 7 years to go before retirement I will gradually increase my dividend focused stock investments over that time. It’s fun finding bargains!


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