Quote:
Originally Posted by highfive
Pretty damn nice to have $5 million worth in stocks!
Just checked those two companies. Pay out of 2.5 ish dividend yield. or TSM is 40 cents / CHT 70 cents. Solid companies to look for to buy on a dip.
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Yeah... he basically has his entire networth on those two stocks. He bought a shitload during the 2008 crash (he used to have TSM/CHT and a rental property, during the 2008 crash, he sold the property and put everything into those 2 stocks as he figured given the price/dividend ratio, he would get a better cap rate than his property).
But he never sold any of those stocks even when they reached record highs. Which I feel bad for him sometimes, but that's just his preference as he's mainly after the dividend. He just continues to buy into them with the leftover money that he has after his expenses.