We're in the same ballpark. I was thinking of adding below $120 and would like $110 better. That's where I bought my current positions. One of the best things about dividend paying stocks is that every quarter my basis moves down. With IBM I'm looking forward to a day in the near future where my basis is below $100. A stock that pays a 5% dividend only has to grow 3% a year to meet my minimum requirement. If you can buy IBM today at $120 that's about $160 a decade later and my basis will be about $40. That's not a bad for a boring tech company.
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