03-09-2022, 10:22 AM
(03-09-2022, 09:16 AM)cemanuel Wrote:The 4 1/2% total return for decades was the problem. Dividend means little when that is about all you are getting in a long bull run. It's been simple to make PFE money the past year. I did a 5X on my share count in another account then but I've been out a while. I think it will finally be a decent stock going forward but it's been WAY below average for 20 years.(03-09-2022, 08:40 AM)fenders53 Wrote: We have held PFE in my wife's Roth over 25 years. Don't sugarcoat it lol, it's been an underperforming dog until recently. Probably OK for a man of your age though.
I've always been able to buy it yielding 4% or more which is the key number. In fact, buying it last June at $$39 was the last taxable account buy I made from dividends before I quit buying to build cash. But the latest dividend hike was disappointing. I could sell more but I'm up 40% on it. Need to see what the tax hit from yesterday is first. But with the big drop in a lot of growthier companies that pay dividends, if I can manage the taxes it's a good time to swap.
