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Investment Analysis Clubs / Dividend Growth Investing
|Subject: Re: Buffett's way ...||Date: 3/3/2008 12:07 PM|
|Author: kahunacfa||Number: 4243 of 8587|
I was reading WEB's latest letter to shareholders (yes, I own a number of BRK shares:-) and came across this statement:
rule that you have to invest money where you’ve earned it."
He, Buffett, doesn't speak against dividend reinvestment in the same company that it's from, only that there is "no rule" that says you must. Therefore, it is advisable to take dividends from a good company and invest them into companies with faster growth. I have done this numerous times and now my "guilty feeling" is erased. Thank you Warren! - haywool | Date: 3/1/2008 7:48:39 AM | Number: 4242
You needed WEB to state the obvious before you would believe it? Think for yourself, I always do.
I Never re-invest the dividend back in the company that paid the dividend, unless, at the time the dividend is paid, the company is the most attractive stock on my Watch list - very rare!
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