I jumped back into the market.............

fred cook · fred cook's Garage

This morning when the DOW was down to about 32200, I jumped in and bought some "Value" stocks. Specifically, Johnson and Johnson, Hewlett Packard and Raytheon. Two of the 3 have dividend "ex" dates coming up soon with the other one being about 3 weeks away. I had been expecting the market to tank for quite a while and had been sitting on some cash just in case the opportunity came up! Several of the market analysts are currently pushing the value stocks. However, now I think I will go in search of a solid mutual fund next. Now comes the waiting!

Bill Douglas · 02-24-2022, 10:41 AM

I'm in enough trouble as it is. I've only got enough cash to survive if I get called up for the war in Europe.

stevej37 · 02-24-2022, 10:43 AM

^^^ What's your draft number?

stevej37 · 10:52 AM

Dividend stocks are great.
Good luck to you.

Do you re-invest the dividends or take them?

Bill Douglas · 02-24-2022, 10:45 AM

Quote:

Originally Posted by stevej37

^^^ What's your draft number?

They issued me 666

stevej37 · 02-24-2022, 10:48 AM

^^^ Impossible!
I had 66 and got called for my physical.
Passed it and the next week tricky dick started recalling.

stevej37 · 02-24-2022, 01:17 PM

Quote:

Originally Posted by stevej37

Do you re-invest the dividends or take them?

The reason I ask...there are arguments for each way.
I've always re-invested. The share numbers grow fast.

Some say the money would grow faster elsewheres.

Chocaholic · 02-24-2022, 04:06 PM

And by the end of the day the markets were up. So much for the end of the world.

Aurel · Aurel's Garage

Quote:

Originally Posted by Chocaholic

And by the end of the day the markets were up. So much for the end of the world.

Yep, with a new war every day, I would get very rich very fast…

fred cook · fred cook's Garage

Quote:

Originally Posted by stevej37

Dividend stocks are great.
Good luck to you.

Do you re-invest the dividends or take them?

I usually reinvest the dividends, a good easy way to grow the account.

Bill Douglas · 02-24-2022, 07:18 PM

Quote:

Originally Posted by Chocaholic

And by the end of the day the markets were up. So much for the end of the world.

Up from yesterday. One of mine even went up 6% which is good news for me as it means I'm less in the negatives LOL

fred cook · fred cook's Garage

My Wednesday stock purchases are up around $4K in two days! Hopefully they will continue to add to the money pile! I spent some time today looking at top tier value mutual funds and found a couple that I think should make money. Will probably drop some $$$ on one or more come Monday morning. More to come, stay tuned!