My husband and I are long term investors and 95% of our portfolio consists of dividend stocks. I do insist that we make a profit on the initial investment as well because dividends can mysteriously disappear if a company does not perform well on Dow Jones or NASDAQ.
However, I have set aside 5% to trade on a daily/weekly/monthly basis. The profits go into our “house account” meaning the money we have set aside to furnish our new home in NO Fla. The outer structure has obviously been paid for by the sale of our current home but as our new house is far more modern, we will unfortunately be unable to use a fair amount of our current furniture.
I have been focusing on everybody’s favorite stock around here -Facebook- and just want to share some info that I know will infuriate many of you but I would feel remiss for keeping it to myself.
I’m having a ball with this stock because it is so predictably unpredictable. Y’all know I believe in the company and the founder but here’s a funny little secret – so does middle America. The U.S. govt is going after Zuckerberg as they did Gates and Sam Walton and I am using this to my advantage.
Everytime Mark Z is sued by the anti-capitalists in D.C. the stock plummets and I buy. Two days later the public moves on and the stock goes up by $2-3 bucks a share. I sell and move my profits over to my furniture account. I go back and forth as such and so far I have accumulated a new living room and outdoor kitchen.
I don’t recommend this if you don’t have the time to watch it every minute but as I mentioned, it represents a small percentage of my portfolio.