Post by
thenewsnake on Nov 19, 2020 11:26am
YIELD < 5%
My average was $8 so tempted to take profits with this tiny yield, and pay off my taxes. But, still $4-6 upside in 2021. What do I do?
Comment by
SeekAlpha81 on Nov 19, 2020 7:25pm
Agreed there are still some names you can get yield in but it's slowly dissapearing! Now it's time for SP appreciation... all this extra cash is hitting the books.
Comment by
gashole on Nov 20, 2020 8:05am
Yup, cash savings goes right on the NAV. Also down the road this safe 5% dividend will turn into a 10% dividend when they reinstate it (Im getting 6.9% based on my $10 avg cost). Going to be a while though, and possibly longer than people think. during the financial crisis it was 18 months before they started increasing it again.
Comment by
SeekAlpha81 on Nov 20, 2020 10:40am
Very true, but the SP did appreciate rather quickly and to a very nice price. It took 6 months from 13 to 18 I believe... albeit a difference set of circumstances.