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Non-Tech : Kirk's Market Thoughts
COHR 187.05-1.0%3:43 PM EST
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To: Jerome who wrote (5831)6/1/2018 3:27:39 PM
From: Kirk ©2 Recommendations

Recommended By
robert b furman
the traveler

  Read Replies (2) of 26888
 
Where have I heard that before?
Hi Kirk, This is how to beat the 8% ( per year) discount by taking SS at the earliest date.
1) Pick a stock with solid and increasing dividends. (BP is the example for this post)The dividend is .60 per share. or $60.00 per hundred shares. And BP said they are looking to increase the dividend soon.
2) Buy the stock and use the quarterly dividends to buy more shares of the stock.


How many bought GE in the $30s for the safe dividend?

Sometimes a good memory is helpful such as:

or do you remember when BP crashed for an oil spill that destroyed jobs, wildlife and careers ALONG with portfolios of anyone who owned it "to beat Social Security's 8% per year safe return" before the crash?

What if they (BP) have another oil spill? They'd slash the dividend again AND lose 50% of value over the next decade, eh?

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