About Me
- jc
- Interested in saving and investing for financial freedom. Mid to late career IT worker with 20+ years in the state retirement system seeking alternate income through dividend growth investments. Final goal is to pass it down to my children and that they do the same for their children-a continuing generational wealth transfer.
Sunday, February 9, 2014
February Activity
The dip we just experienced in the stock market may not be over. The 2008 pullback lasted over a year. I recently added to CVX, JNJ and COP-too soon (but still at fair value). Now I wait. If the pullback continues I will continue adding slowly; these additions just keep increasing my income! Is JNJ or CVX going to cut their dividend? No flipping way! That is why I own them. It doesn't matter how much the market pulls back. It would take an apocalypse to cause the likes of JNJ to cut their dividend.
Buy stocks that pay you for holding them.
It doesn't take alot of skill to buy XOM at a good value and then do nothing.
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