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Non-Tech : Kirk's Market Thoughts
COHR 191.37-0.3%Dec 24 9:30 AM EST
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berniel
To: Jerome who wrote (5831)10/11/2021 12:08:11 PM
From: Kirk ©1 Recommendation  Read Replies (1) of 26837
 
How are you doing Jerome?

I'm glad I delayed taking SS for the 8% per year and didn't take your advice to buy BP and reinvest the dividends instead...
Hi Kirk, This is how to beat the 8% ( per year) discount by taking SS at the earliest date.

But there are a few rules to be aware of.

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.

They cut the dividend AND the stock is down over 25% even after a nearly 100% rally off a recent low.

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