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  • towigg1964 towigg1964 Oct 9, 2008 8:37 AM Flag

    how can the majors AND refiners all be down at the same time?

    Must be nice to be able to plow $5000 into the market each day. :-)

    Right now, I can only plow money in once a month, every other paycheck goes to the market, and I am already have a margin balance of 8% of my portfolio value, having bought a little here and there on the margin as the market declines, and will pay that off with dividends and as the market recovers and then rebuild a cash balance. Build cash in good times, go into margin in bad times.

    As long as my overall portfolio dividend yield (now about 9%) and dividend payments exceeds my margin interest (now 4.75%) and payments by a comfortable margin, I figure I am safe, using dividend payments to cover margin interest with plenty of money left over. And with a margin balance of only 8% of my portfolio, I got plenty of room for safety and not worry about margin calls.

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