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Re: Spitznagel Blasts 'Buy-And-Hold': "It's More Like Hope & Prayer" From Here  

By: Zimbler0 in POPE IV | Recommend this post (2)
Tue, 13 Mar 18 3:39 AM | 84 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 45520 of 47202
(This msg. is a reply to 45479 by Decomposed)
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Decomposed > All the long-term holds, including your p/e-of-15 Dominion, are going to be crushed in the next year or two.


Perhaps.
At the end of 2007 Dominion was #47.60 a share.
At the end of 2008 it was $38. What's that, about a
20 percent drop?

Should I hold? Or should I fold?
I held. And enjoyed the dividend checks.

At the end of 2017 big D was $81 a share.

Today Dominion is around $73 a share - a ten percent
drop. Hold or Fold?

I want those dividend checks.
As long as the dividend checks keep coming the share price
is not that important to me. Except for the fact that I
can buy more at a higher dividend yield.

Zim.




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Mad Poet Strikes Again.

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The above is a reply to the following message:
Re: Spitznagel Blasts 'Buy-And-Hold': "It's More Like Hope & Prayer" From Here
By: Decomposed in POPE IV
Mon, 12 Mar 18 6:36 AM 		Msg. 45479 of 47202

I think the point of the article is that buying ANYTHING at today's prices is foolish, unless it's being done as a trade. All the long-term holds, including your p/e-of-15 Dominion, are going to be crushed in the next year or two.

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