Quote:
Originally Posted by Hehe
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.
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That's smart of him buying during the crash.
Not only he doubled his money probably and getting dividends.
Should maybe let him know to save up some dividends and wait for the next crash to cash in more...