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re: Exxon was the world's largest company in 2013. Now it's being kicked out of the Dow
Posted on 8/26/20 at 8:37 am to Privateer 2007
Posted on 8/26/20 at 8:37 am to Privateer 2007
quote:I sold 5,000 shares of SO on 3/18 @ $59.92, it's always paid that dividend you speak of. I took that $$ and bought 1,100 shares of APPL a week later at around +/-$278/share.
Ppl are just pouring money into them.
I'll sit on some energy stocks who even in shite times are paying 4-6% dividend.
And will double as oil goes back up in the next few years.
Investing in most tech stocks is just betting than somebody is foolish enough to buy at higher values. Basically, it's a pyramid scheme.
TODAY SO sits at $54.41/share and APPL sits at roughly $500/share. SO would've never made me that much $$ in my deceased parents or my future grandkids lifetime.
When APPL splits, I can sell off a few shares and turn around and buy back that SO if I want. But if folks have been sitting on those widow stocks for the dividend while this market has been literally running, then they've missed a golden opportunity to make bank.
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