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Here's a personal story of mine that involves CIBC stock. I bought at around 96 last year near the tail end and it was heading up to the 100s. After the new year and the oil crash, I was sweating balls and shitting brix. from 96 to 94, from 94 to 90 from 90 to 87 and finally ended up at an 83 low.
you can bet on it that I was hurting after my account saw a 13.5% decrease in money. But then I had to wait it out and collect dividend in the meantime. Dividends still paid 1.15 per share at the end of last year and 1.18 in the most current ex-dividend date. But knowing that Big banks don't fold over night and the fact that the financials are not too shabby with a dividend hike almost every quarter for the past 4 quarters I had a feeling it would be ok to hold. Today CM.TO is worth 100.50 again. So the wait paid off and I sold. The worst investors are the ones who are short sighted and trigger happy.
I learned from my mistakes and the click of a button is very easy that may end up costing you dearly. Be very cautious when you enter that mouse click for that option whether it be simply buying a stock or whether you long or short it (put or call) (I've been paying attention to American terminology now and it's getting jumbled in my head).
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