For those of you who have missed my contest progress comments, you will find them below my last BLOG post. My progress can only be termed as astonishing . . . check it out.
Phfft! Today I showed them. I achieved the beloved status of worst of the lot in contest playing. Yep, out of 320 players, I (choke) am number 320! And I did all this by doing very little. I just made choices that I couldn't change . . . that's the CAPS way. You laugh . . . HAH! I have the better part of the year to change this thing around, and change it around I shall! I'll be Champion of the World . . . you'll see. [more]
<>I think the CAPS contests are fun. I’m not sure why, because after I pick the maximum number of stocks, I have pretty much done all I can do to win. Still I enjoy looking each day to see my place in the ranks change from # 3 to # 231 then back to maybe # 11. [more]
I've been following the stock PLD mostly because of its enormous dividend (19.8% as I write this, 1/27/09). I can't help but wonder why EVERYONE isn't buying this stock just to get the fat dividend. What's the downside of buying such a stock? Yes, I suppose the stock price will drop 19.8% when the dividend is paid, but if you put the stock in an IRA account (no tax on dividends), then where's the harm? If the stock is otherwise a good buy, then the stock price will probably go up fairly rapidly to recover most of that 20% drop. Why? Because that's what usually happens after a dividend is paid. What am I missing about this situation? PLD seems to be a good security to hold, so should I get some of it? Why would you NOT buy it?
<>I (and perhaps you) have a recurring CAPS strategy problem that seldom occurs in my real world of investing. CAPS has some strange rules that remove some of the choices I have in the real world. Consider the following situation: <>In CAPS I pick stock “ABC” (a fictional security) that I really believe will make some money (score points) for me. So I assign a “thumbs up” call to my pick. Alas, after awhile I notice that “ABC” has a Score of -34.56 and a Stock Gain of -42.40. I would like to correct this situation without making things worse. It seems that I have the following alternatives:
1. Do nothing . . . just live with it. [more]