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To: Kirk © who wrote (14225)6/5/2000 2:33:00 PM
From: sea_biscuit  Respond to of 15132
 
I prefer to pay 20% FED taxes on price appreciation WHEN I NEED THE MONEY...

Dividends are no more a given then price appreciation. Just ask IBM shareholders in the early 1990's.


Dividends are a lot more secure than price appreciation. Because there is much less dependence on the greater fool to show up!

As for IBM shareholders, the dividend cuts should have been the clue to bail out. (I am not a fan of companies that don't increase their dividends every year). Those who got hit were those who stayed on in spite of the dividend cuts because they didn't want to pay taxes on their gains. Well, that problem was taken care of for them when the stock price went below what they had paid for it! :-)