Post by
Luckyguy777 on Dec 22, 2023 9:03pm
Happy Holidays to all!
I hope everyone on here has a great holiday season.
I am still holding large position in this one. Resisting buying more in taxable accounts as I am already over exposed. I can't resist buying more in TFSA and RRSP with monthly dividend.
A little disappointed with the price action for the year as we are down more than the dividend at the moment. I believe the dividend is safe and we have upside in the share price so there is no reason to panic.
Getting 24k+ a month in dividends makes it easy to wait.
Good luck everyone
Comment by
loopsbutterfly on Dec 22, 2023 9:55pm
24k per month or per year ??? 24k per month means around 500 000 shares 24k per year means around 40 000 shares
Comment by
loopsbutterfly on Dec 22, 2023 10:16pm
all right I got your previous posts and it looks you hold more than 400 000 shares...that's great !!!
Comment by
lnggasfor202324 on Dec 23, 2023 1:41am
24000.00 k a year is not 40000 shares. $24000 a year is based on 10 months only. I get close to $2500.00 a month.
Comment by
loopsbutterfly on Dec 23, 2023 11:36am
a little bit more...he claim to have well over 400 000 shares
Comment by
jx7000 on Dec 23, 2023 7:34am
What, if I may ask, is your average price excluding divs?
Comment by
loopsbutterfly on Dec 23, 2023 11:45am
take a look at his previous post anyway I did the check up and he says around $3.00 a share
Comment by
Luckyguy777 on Dec 23, 2023 7:23pm
I have them in 5 different accounts. The largest block has a cost of $2.60. I bought some years ago around $7 but then averaged down substantially when it was under $1.
Comment by
loopsbutterfly on Dec 23, 2023 11:33am
yes my mystake 24k per month or 24k per year is a big difference I have 37 900 =$2274 per month
Comment by
meritmat on Dec 23, 2023 6:47pm
heck of a nice pile. I was close to that but had to dump a bunch at a loss to off set some captail gains. Hope to buy them back in end of Jan
Comment by
Valneigette on Dec 23, 2023 8:48pm
I have a whole bunch too but far much higher than $3.00 per share
Comment by
Luckyguy777 on Dec 23, 2023 11:16pm
Yeah, it was basically dumb luck for me as I probably bought more than I should have. I did the same thing with a small copper company and thankfully that worked out well also. Watched the financials closely and looked for some companies trading well below book vailue. Now treading watching and collecting the dividends.
Comment by
loopsbutterfly on Dec 24, 2023 12:52am
I am happy for you and you can sleep at night quite well
Comment by
harvester on Dec 24, 2023 7:38am
Maybe in 2024 we'll see 2014 prices. Wishful thinking.