RE:RE:Banks start reporting next week Ocassionally I'll play DF and DFN for swings as they are not long term holds anymore. BK makes the grade as a long term hold as it consistently pays without bleeding one's capital over time. Pulling up a chart, BK in 2007 was exactly the same price as today with almost no interruption in distributions.
Sure, swing trading means your money is out of the market and you miss those bad days. But, there are a ton of studies out there proving that trying to time a market produces worse returns than just doing nothing. That's because emotions get in the way and when a stock is down, most will not buy in fearing lower lows. But, this fear eventually causes them to miss the 10 or so biggest up days in every year which make up for the worst 10 days and more.
deisman03 wrote: Play the swings instead.
Buy a core holding of BK.PR.A for a steady monthly income and a speculative amount of BK commons right after ex div day, then sell just before the next ex div day.
Usually you can double what you would make holding for the distribution and you have the safety of cash.
It works well for me, but I have the time to watch the day to day moves.
GLTA the good folks here.