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JMCK6193

08/05/23 10:56 PM

#189949 RE: Turbomunkey #189948

You can, but I don't.
Matter of fact, you probably can make a lot of money doing it that way (trading it) if you've got the time to watch and play it. But I personally don't have the time, so I choose to let it ride for the dividends (only monthly dividend stocks of course). GLTY

CaptHowdy

08/06/23 4:14 AM

#189950 RE: Turbomunkey #189948

Greetings Turbo, kudos on getting the IRA set up, wise choice towards future wealth.

It's all comes down to a matter of personal preference and time available to monitor the daily market fluctuations. Both trading and accumulation of dividend stocks can be accomplished via an IRA. I personally chose quality companies with higher dividends and let those positions ride.

Grizzerbear

08/06/23 7:47 AM

#189951 RE: Turbomunkey #189948

Yep holding and adding is the ultimate goal but if you decide to swing trade one make sure you know and understand the ex-date and how they usually behave around it.the nice thing is if a trade doesn’t work out ,what you are holding is probably a keeper anyway-just my take on things…happy hunting