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BP plc Message Board

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  • sollid_companiess_only sollid_companiess_only Jan 27, 2013 9:48 AM Flag

    Just a Thought

    And, of course, all the dividends in this self-directed IRA are directly reinvested in buying more shares of the companies in the IRA.

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    • I'm not dogging on your idea, I think it's great that you've taken initiative and put your retirement into your own hands without getting ripped off by large institutional investors and their fees. My one critique would be that you should never buy a stock just because they pay dividends. There are companies that take out debt in order to pay their dividends (look at some of the car companies). Do you think a company that does this is a "sollid_company?"

      As for BP, I'm long on them as well. But, I'm long not because of the dividend (although that's great) but because of the fundamentals of the company and because it's undervalued.

      Sentiment: Strong Buy

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