08-03-2021, 04:14 PM
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Then dissolved WEBL, not because it's bad, but because one of its constituents, GOOGL, is actually a better growth vehicle than the 3x leveraged fund. Got 2 more shares of it.
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The internet beatings will continue until you get rid of most of your yield traps. A bunch of 3X leverage is scary enough. We only do it because we like you. Don't make me PM Niles "get off my lawn" Mike again.
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My yield trap rule is once they are down 6%, out they go.
But I am now short about $800 in annual dividends from my $6000 goal. To close the gap, I'm going to more aggressively sell company stock and move the proceeds into DGI stuff.
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That makes better sense than a stable of yield traps bought well into their run. It's likely half of them pull back that 6% the first year and the yield didn't happen.
[quote pid='27755' dateline='1628010679']
[quote pid='27753' dateline='1628009676']
(08-03-2021, 10:50 AM)ken-do-nim Wrote: Dissolved the rest of my NLY. Spread the proceeds around (MO, SBUX, HTGC, TXN ... basically a little love to everybody else)
Then dissolved WEBL, not because it's bad, but because one of its constituents, GOOGL, is actually a better growth vehicle than the 3x leveraged fund. Got 2 more shares of it.
[/quote]
The internet beatings will continue until you get rid of most of your yield traps. A bunch of 3X leverage is scary enough. We only do it because we like you. Don't make me PM Niles "get off my lawn" Mike again.
[/quote]
My yield trap rule is once they are down 6%, out they go.
But I am now short about $800 in annual dividends from my $6000 goal. To close the gap, I'm going to more aggressively sell company stock and move the proceeds into DGI stuff.
[/quote]
That makes better sense than a stable of yield traps bought well into their run. It's likely half of them pull back that 6% the first year and the yield didn't happen.