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RPM International Inc. Message Board

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  • the_millionaire_next_door the_millionaire_next_door Feb 19, 2007 1:20 PM Flag

    selling RPM

    I share the same gut feel that you do, but thought the same way back at around $20. I ended up not selling then and probably won't now either. As far as moving to a 5.4% CD, it's a pretty safe move.

    For me with a family started and my wife working significantly less, we are now firmly entrenched in the 15% tax bracket. This means qualified dividends are taxed at 5% for me. I have been trying to invest in stable companies with decent growth and a track record of increasing their dividends. RPM, ORI, WMT, PFE, INTC, and of course, the S&P500 index. I like the idea of getting a higher level of income every year from these dividend-payers. That's something you won't get from fixed-income.

    That said, I do keep about 6 months of income in an EmigrantDirect savings account earning 5.05%.

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    • Thanks for your thoughts. I thought it ironical that you mentioned some stocks that led to my comment about my being a lousy stock picker. I'm not saying you should or should not buy them, but my experience is a follows:

      INTC - bought at $40 thinking it was cheap after seeing it at $80 at the top. Ending up selling at about $25 for a tax loss.

      PFE - bought at $44, sold at $25 last year for the tax loss.

      WMT - bought at about $50, still have it, about breaking even with dividends

      I tend to do much better with index mutual funds long term. - Rinke

      • 1 Reply to rinke2
      • the_millionaire_next_door the_millionaire_next_door Feb 19, 2007 5:57 PM Flag

        We have different entry points for those stocks we have in common. Time will tell if I bought them at their true lows, but I have:

        INTC at 21.35 avg
        WMT 47.95
        PFE 26.15 avg

        RPM - original purchase at $11.22

        I didn't have nearly as much invested before the last market crash as you must have, but I did sell a couple of managed mutual funds for a loss. And I did own Tellabs (I worked there during the great dot-com/telecom crash) which went from $70 to $4.50 and is still only at $11.

 
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