10-01-2013, 11:01 AM
(This post was last modified: 10-01-2013, 11:14 AM by Horace Cugle.)
I'm 62 and retired, not taking any money from IRA's until RMD's kick in. O would probably be a good stock for me to start getting into.
I'm having some trouble with it though because I'm not drawing income from my investments yet. Yes it's had 25% knocked off the price and that makes it attractive but you need a microscope to see the dividend growth, and if it's in an IRA you can't spend the big dividend anyway. Regardless, it's on sale and it's a quality company, I just don't think it's suitable for investors who value DG over yield.
One other thing....I would imagine there might be some heavy tax loss selling as we approach year's end. Maybe something to think about.
I'm having some trouble with it though because I'm not drawing income from my investments yet. Yes it's had 25% knocked off the price and that makes it attractive but you need a microscope to see the dividend growth, and if it's in an IRA you can't spend the big dividend anyway. Regardless, it's on sale and it's a quality company, I just don't think it's suitable for investors who value DG over yield.
One other thing....I would imagine there might be some heavy tax loss selling as we approach year's end. Maybe something to think about.