I am not a great investor. I got broadsided by every bubble in the last 12 years, and always without funds for the can't lose moments like $40 barrel crude. So I started a dividend port in late 2010. The theory is simple, good dividend stocks pay off eventually and you have free stock. In CAPS that means free points, and lots of them.
So I pick Dogs, Champions, Aristocrats, and some rumors and favorites, and when they lost enough points on a pick I 'doubled down' by repicking it. I was pretty casual, because it's a game and I'm busy. I made plenty of simple mistakes. If it had been money I would have been using options to increase the return. [more]
I am wondering about closing it. If it will still be indepenent and collect it's own dividend i will keep it open, but if it will be totally integrated then i might just close it (since my score is just barely over +5).
I am beginning to think most ETFs of this type are for swing traders, and i don't know when if ever these two would recover. Anybody want to advise me to keep them?
I think Provenge is worth a buy out, and there are rumors of rumors. I found it on a screener of cheap optionable stocks, with high short ratio declining, 40% below 52wk, but up Q over Q.
Wish me luck. If i find the links i will post some.
Or maybe just closing some. Anybody have an opinion on these?? [more]