Yes, Bob, with many stocks - insurers, REITs - maybe all stocks, I'm exposed to potential catastrophes in a ways I suspect and in ways I don't even have a clue of.
ALLC has a long record of success. Still, I'm suspicious. I've seen and been involved in too many instances where companies pay 8-10% dividends for a few years, and everything looks good, then bam, bad news, goodbye div. the stock is halved or worse. The stock position ultimately proves unprofitable even after taking into account those earlier dividends.
Still, with some companies that look attractive I continue to take the bait... er, I mean the bet. |
