12-12-2018, 04:30 PM
Given my general aversion to trading, technical analysis, Elliott Wave Theory, and similar voodoo practices get grouped by me in the same class as tarot and tea leaves. I will sometimes flip a coin or use a random number generator when I can't select between two or more stocks that fit purchase criteria.
If it passes the purchase screening criteria, that's all I care about. Once I've bought it, I don't ever want to sell. Sometimes stocks drop by double-digit percentages even after passing the screening criteria (hello BTI, CAH, T, and others), making me regret that I didn't capture more yield. Long term most quality dividend payers will go up and to the right with the rest of the market, creating paper gains for which I hope never to pay taxes. Just send me the quarterly payments that get bigger every year and capped at a 20% tax rate.
If it passes the purchase screening criteria, that's all I care about. Once I've bought it, I don't ever want to sell. Sometimes stocks drop by double-digit percentages even after passing the screening criteria (hello BTI, CAH, T, and others), making me regret that I didn't capture more yield. Long term most quality dividend payers will go up and to the right with the rest of the market, creating paper gains for which I hope never to pay taxes. Just send me the quarterly payments that get bigger every year and capped at a 20% tax rate.