Quote:
Originally Posted by _______
Looking for value and waiting (sometimes years) for the market to catch up is boring when you have the excitement of watching a dot on your computer screen move up and down all day.
NFLX checks all my boxes except that it doesn't pay a dividend. They invest so much back into the business (content is expensive) that I doubt they do for a very long time.
I sit enviously on the sidelines. It's okay though. There are enough that check every box for me. And rules are rules.
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Sorry for being late to your post.
I am with you about the dividend 'box' needing to be checked. I am in total agreement with you, ________. Dividend paying companies are better investments in the aggregate.
But a few years back I did my semi-annual re-evaluation of my portfolio and I found I owned too many old time stocks such as Abbott, Altria, Chevron, and the like.
I wanted some growth companies so over the years I'd add 1-2 companies who were either new to the dividend paying crowd or not a dividend payer. That's the why on how I now have a Netflix and United Therapeutics, to name two. But, the no dividend payer must be dirt cheap, have a strong balance sheet and offer sales and earnings growth.
Nothing wrong in sitting on the sidelines if you're uncomfortable. Yes, I personally feel there are a few dozen major, dividend paying companies that are selling below intrinsic value; some are screaming buys too. But
you need to feel what is right for you.
It's just like the racetrack. If you don't bet the race, it's a winning bet! At least by my warped sense of thinking.
