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eastunder

08/03/17 3:25 PM

#10727 RE: Wildbilly #10723

Wow. Where were we? I totally checked out during our conversation.

I think I was abducted by aliens?

eastunder

08/03/17 3:56 PM

#10731 RE: Wildbilly #10723

As for dividend cuts... It's always a worry regardless of age. The other day, I did the math on the cuts I have seen in the last year or two with oil dropping lower (most my div stocks are energy).

I had 18 stocks cut their div's in 2015-2016 and when KMI ate up two of my great dividend paying stocks, Then dropped their div significantly - I lost a good amount of yearly income in that process as well. It all amounts to a shocking 35,000 dollar difference in annual income.

That's pretty big on just dividend cuts oh...and lets not forget the two suspensions. No divs at all there.

It's not all bad. I did have 12 stocks raise their divs since I bought them, but that move is not nearly as impressive as the ones that cut.

I love been stuck in a unloved sector. I look forward to the day oil and gas rebounds, which it will. Yawn!!!