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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1933262  
Subject: Re: Can't tax the mobile wealthy Date: 12/12/2012 11:56 AM
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Do you pay the top tax rate? If so then you can cut that 11% return down significantly given the new taxes. If you are in a lower tax bracket then you won't see much of a change.

Mark




No... definitely don't pay top rate. We are retired and living on SS and investments (although AngelSpouse has pulled all his money out of the market for the time being).



PS 11% is really, really good. Ponzi scheme good.



Definitely not a Ponzi scheme. I just had the good luck to buy the stock when the price was much lower than it is right now - ergo, my returns are higher than yours would be if you purchased it today. I do keep an eye on it, however. If dividends are cut, I would consider selling. If the price drops - depending on how far, how fast, (and depending on the fundamentals of the stock itself) I would either dump it all or buy more of it.

There are legitimate stocks out there that pay even more than the 12% I'm getting. But.... I think I'm taking risk enough with what I have. :)


AM
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