RE: dividend-focused book am still holding 2000 ry that i bought few yrs ago at 38$ when the market tanked.the previous year i had sold bns at good profit (buy 39$--sell 54$),..had to pay capital gains tax...then re-bought bns at lower price and watched it slide as market dropped...i sold at a loss to create loss that i used to recapture my capital gains tax from prevous year on bns..wanted to stay invested in the banks so i took the money from bns sale and bought 2000 ry at 38 $ with 18000$ margin..have kept it and let the div pay off the margin loan until nov 2012 when margin loan down to 2000$..then borrowed aginst my 2000 ry to buy 2500 bns at 55.06.nov 2012..sold 2500 bns at 58.75 in feb 2013..that gave gross 10500$ cap gain which i used to pay off my remaining 2000$ loan on ry..then took the rest of surplus cash and transferred to my bank account to pay for extras..am holding royal for long term because of good low cost base..and will look for another opportunity in the future..all the while harvesting the div each 3 mths from royal....on blogsite ..market ticker..karl denninger talks about investing and the money printing creating bubbles going on....he refers to divs as a way to recapture your initial capital..and using the divs to re-invest in other companies that pay divs..he feels that we are in multiple bubbles and that it will not end well...last time i saw your post Yannio.you were going to buy a house with some holdings from the market ....hope that it all turned out to your satisfaction..also check out blogsite Greater fool by garth turner..talks about our cdn housing situation..Best of luck to you !