Investing in dividend paying stocks

@TheAgent (220)
United States
December 1, 2008 9:42am CST
I have been investing in stocks for several years now, recently I started buying dividend paying stocks. They seem to be on sale right now, compared to their normal price. I have been buying Bank of America and Abour Reality Trust. Does anyone else by stocks for the dividend income? I think BAC is a steal right now, I just hope it don't go much lower. They are paying a dividend this month. It will give some extra money during holiday travels. I would like to know some other dividend paying stocks that people are buying right now. I like to keep my options open. Let me know what you think. Good luck on mylot.
1 response
Volkus
@Volkus (202)
• Romania
1 Dec 08
This is a pretty risk challenge. I used Forex and lost there 250 $. That wasn't a good move. But, I could have earn as much as i lost. So, try Forex. You can trade exchange pair and there are really sure ones, like USD/JPY. It's very interesting, but you must be very careful. I wish you good luck on what you're doing. I hope this helped! Have a nice day!
hoon2002
@hoon2002 (64)
• Mauritius
1 Dec 08
ya.. same here... i lost more than $500 in forex... and couldn't get a sen out from it... everytime i earn... then 2nd day i'll lose it... :( and it continues until my account goes empty.... repeated 3 times... :( so... it's better you spend some time do lots and lots reading... learn more about the thing you wanna play with before you step in ;) good luck!!!
Volkus
@Volkus (202)
• Romania
2 Dec 08
But you can win there, i thought about a strategy, a very simple one. You start a transaction after you see the main economical results (economical surveys or FED speeches), and you close it shortly after taking some money. If you see that that the exchange pair is going quickly down, stop it. Also, you may keep in mind the fact that in Europe, the transactions begin when in U.S.A are just starting, so you cold go long for dollar when in U.S.A is day and short when is night. I hope this helped! Have a nice day!