That is what I think. But then I wonder if this is going to be just one more commodity that China over produces and subsidizes losses that that they sell abroad at a loss but gives poor people jobs in China. This could be like what they did to steel.
Even though I am down, I like the lower prices. I want to accumulate about 75 k more. So if it goes down that is fine by me.
I made an error and multiplied by 4 out of habit. 8 cents per year on a 10 stock or so is less than 1 percent. This ETF is a disaster.
Well it is not. 4 cents. I suppose that is about 1.5% annualized should be so fortunate in December, but it still sucks!!
Did Yahoo once again muck up their website to add complication where complication is not needed to the point it does not work? It is insane!
I am hoping it is because China may be addressing their overcapacity issues:
While it is still unclear when these cutbacks will actually begin, it is worth noting that the absence of a fixed timeline gives the government a degree of flexibility so it can gauge international and domestic reactions to the news and still make last-minute adjustments. More concrete details are likely to emerge at the presentation of China’s 13th five-year plan at the National People’s Congress on Saturday. Turning an economy as large as China’s around is a bit like altering course on a gigantic ocean liner. It requires space and time to maneuver, and mostly extreme care.
The changes announced so far aim at reducing steel production capacity by 150 million tons and coal by 500 million tons over a three to five-year period. The cuts will eliminate 1.3 million jobs in the coal sector and another 500,000 in the steel industry. Altogether that represents about 15% of both sectors’ workforce. Beijing has officially set aside $15.3 billion to reallocate and retrain workers affected by layoffs in these two industries, and China’s Central Bank injected $100 billion into the economy on Monday to help ease the pain of the transition. And the cuts may eventually go deeper. Reuters, quoting “informed sources” close to the leadership, reported that 5 million to 6 million workers might eventually be affected, and that the cost could go as high as $23 billion.
So, how is that buy back working out. All I did was say i have never seen one work out and I was slammed. Granted maybe we will hear that they have not purchased any shares and are just waiting for a good entry point. But I doubt that. I think the WSJ had an article on the poor timing of buybacks the other day.
Yes that works for me. That is what I bought the stock for. But I do wish they would up the div to be more constant. Granted this year is unusual. But would 20 cents per quarter be asking too much? Then an true up?
While the world buys Power Ball Lotto tickets, I bought 100 shares just to satisfy that gambling drive. I know not smart. I bought mostly LHO today.
Did you do the math? I can't believe I did not save my spreadsheet. You will be far, far better off if your goal is income. And that is my goal.
I hear you. But I did the math one time and in the long term my income will be much, much higher at retirement from reinvesting at low prices than high prices. I had not been a buyer of BX of late but I am going to turn on the reinvest dividend option and let it grow.
Agree. I don't own Yahoo but I am a user. I can't believe how she oversaw making Yahoo worse. The movie section used to be good. But then they made it all fancy and bugged up and i don't even go there. I would much rather write reviews on yahoo movie because you are annonomous and not forced to blast your opinions to Facebook like Rotten Tomatoes does.
Then the MyYahoo used to be good that you could see your stocks and easily see if news is applicable. Now you have to go into the detail.
They can rebuild it but the definitely need someone new. If they could figure out how to filter out news articles written by computers rather than real people, the world will beat a path to their door. I am just so maxed out on news releases written by computers.