Hi Bernie, I'm showing the current yield on "O" being closer to 7%. I don't know why there's such a discrepancy.
Not withstanding, your advice is sound. Generally I like to tell people to be buying when I'm buying and sell when I'm selling.
Linda K. years ago made the mistake of attempting to buy into stocks that people on the AIM BB were selling (I guess it was momentum type thinking) and she failed terribly. She would have done just as well buying a broker's push stock!
For the last several months, many of my friends who own mutuals advised by there financial advisors, were trying to get out of the market because of it's decending performance.
I just showed them, a few CEF's and a few Reits. The table can be seen at Yahoo.com. ACG is only paying at the moment about .08 cents per share per month.
Bull Market - A random market movement causing an investor to mistake himself for a financial genius.
Bear Market - A 6 to 18-month period when the kids get no allowance, the wife gets no jewelry and the husband gets no sex.
Momentum Investing - The fine art of buying high and selling low.
Value Investing - The art of buying low and selling lower.
P/E ratio - The percentage of investors wetting their pants as the Market keeps crashing.
Broker - Poorer than you were last year.
"Buy, Buy" - A flight attendant making market recommendations as you step off the plane.
Standard & Poor - Your life in a nutshell.
Stock Analyst - Idiot who just downgraded your stock.
Stock split - When your ex-wife and her lawyer split all your assets equally between themselves.
Financial Planner - A guy who actually remembers his wallet when he runs to the 7-11 for toilet paper and cigarettes.
Market Correction - The day after you buy stocks.
Cash Flow - The movement your money makes as it disappears down the toilet.
Call Option - Something people used to do with a telephone in ancient times before e-mail.
Day Trader - Someone who is disloyal from 9-5.
Cisco - Sidekick of Pancho.
Yahoo - What you yell after selling it to some poor sucker for $240 per share.
Windows 2000 - What you jump out of when you're the sucker that bought Yahoo for $240 per share.
Institutional Investor - Past year investor who's now locked up in a nut house.
Profit - Religious guy who talks to God.
Bill Gates - Where God goes for a loan.
Alan Greenspan - God.
Getting giddy after taking a pounding on GMCR after a Stock Analyst - Idiot who just downgraded my stock from a "Stong buy" to a "Buy" and all hell broke loose. However, AIM stood it's ground and kept the powder dry.
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