What Did You Buy Today?

[hendi_alex]

Strangely stated goal. Having 1000 shares sounds reasonable. But [with <$10 per share basis and yield on basis of >9%] would seem totally out of investor control. Whether that happens or not would seem to result purely from luck. Also I remain a little perplexed by this fuzzy math preoccupation that many have with yield on basis. Wouldn't the goal of holding a long term position involve the stock having to continually pass some currently relevant litmus test, one that suggests the stock is a better current pick than any similar alternative? An example would be that the stock continues to meet five year dividend growth of X%. Or stocks five year average total return remains above 10% per year. If the stock fails to pass the litmus test, then it it time to cut it loose if a better candidate exists, no matter how long current position has been held. There is no reason to keep holding a stock just because it has become a comfortable friend in the portfolio for many years.