As Dow soars, billionaires are dumping stocks

[dmallind]

25. And another bad boy reformed

just sold at 52.51. Picked up a .58% dividend too for a total NET of fees gain of 2.4%.

This is one of my poor if not quite worst case events - it took about 10.5 weeks to gain that. Bit better than mattresses or savings accounts though to say the least (about 12% a year even if they all take that long!) and again takes almost no financial acumen and simple widely known websites. No calculus, no algebra, no inside man. Again I absolutely admit it's possible to lose doing this, but only if I am unlucky enough to buy a stock that falls at a greater rate than its dividend and never, ever, recovers. So far that's been 10 yrs. Why am I not a billionaire? because I don't have enough to generate huge returns in raw dollars, and am too risk averse/sensible to borrow it. But my percentage returns are beyond the wildest dreams of those who are scared of the stock market, and these gains have bought my last few new cars.

I'll put my money where my mouth is again. My current losers are JBL Jabil Circuit bought 3/21 at 18.55 and losing me 2% right now, and WFM Whole Foods bought 2/14 at 88.52 and currently down about 1+%. Anybody can look good claiming winners when there is no proof they picked them in advance. I'm telling you where I'm losing (on paper - again no losses till sold) right now. If you think the stock market is only for insiders, tell me again when these have sold at 2% up and tell me how my rules are so arcane and difficult for amateurs, especially as I very much am one.