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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (5491)	8/19/2010 8:44:47 PM
From: JimisJim	1 Recommendation Respond to of 34328

<I still own BP in my son's account.> Maybe BP will change their ways (finally) after this as XOM largely did after the Valdez disaster... but forgive me if I remain skeptical that BP will do the right thing when it counts. In Jan., RIG encountered a problem on another platform that nearly became a disaster. They specifically warned BP about the issue and BP ignored RIG. Aside from all of the people who have died in BP related accidents the past decade or so, and despite the fact that 97% of all willful violations in the past several years for breaking or ignoring various safety regulations were issued to BP... well... at least IMO, BP has only demonstrated the wrong kind of habitual behavior... matters little to the families of the dead, the families of GoM workers (including oilpatch) now out of work indefinitely -- BP's track record as a stellar divvy player makes all the rest seem downright evil to me. But that's just me... I rarely invest "socially" and try to keep such things separate when it comes to where I put my money, but I can't bring myself to profit from BP and the way they do business, IMO. It is my humble opinion that the entire oil industry would be better off if BP were forced out of business -- and it is my strong opinion that the entire oil industry and the world would be a safer, cleaner place without BP in it. I won't presume to tell others how, or where, to invest... I'm simply explaining why I refuse to invest in BP and why I don't care how good they are at paying/increasing divvies... /rant (and back to my vacation... Percy! Where's my Le Fin du Monde?) Jim