I'm Worried About MO

[fenders53]

(12-21-2021, 10:05 PM)Kerim Wrote: Fenders -- I'm with you. I have lots of friends that use mmj regularly, and it is hard to imagine any of them ever buying Altria / Marlboro joints if there are alternatives available.

Ken -- sadly, no. My monthly expenses are REALLY high, thanks to divorce and having a daughter with severe medical issues, not to mention my taste for the finer things in life (lol!). So I don't think dividends will ever cover it all. So for now I am just living off savings (that never got invested) and all dividends get pooled and reinvested to keep the stream growing. With luck, eventually, dividends, pension, and social security (?) will cover most of my expenses once the alimony rolls off in another six years or so. But I'll almost certainly be eating into the principle (selling core shares) before it is all said and done.

That is, unless one of my crypto gambles or zany business ideas pans out. Then it's caviar and health care for everyone!

So you move on and assign a low probability MJ is meaningful for MO soon. They know that as well and are surely working other growth opportunities.  It's hard to walk away from that dividend.  I'd trim up top if you wish, and never add unless it really dips.  I did leave but it wasn't an emergency iMO.  The opportunity cost of these high yielders has made me not care if I own them or not.