![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, March 01, 2017 8:06:37 AM
This investment is using strictly dividends that I received on $PIP. The investment is in my (401k rollover) IRA, so I won't be paying any taxes until I withdraw, and that will be ordinary distribution tax of whatever bracket I'm in at the time. (Note that this is all 'before tax' money since it came from a 401k)
So, yes, this is a gamble on a risky stock. But, I'm playing with house money, looking for a big payoff. I only need this to work one time, but I do have several other 'sticks in the fire', any one of which could pop. And, I still have dividend stocks to produce more 'gambling funds'.
It will be fun to see what the ER brings.
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