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Reply #26: I'm sorry people were led to believe it was good practice to live on dividends... [View All]

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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-16-10 02:43 PM
Response to Reply #22
26. I'm sorry people were led to believe it was good practice to live on dividends...
But like watching someone blow an entire paycheck at the races... you put it on a horse to win, and the horse came up lame.

No one should be gambling with their retirement. Any retirement counselor worth their salt would tell you the same. It's a damn foolish thing to do.
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  -BP cancels Dividend For First Three Quarters of This Year Lucky Luciano  Jun-16-10 01:52 PM   #0 
  - For 3 qtrs but not FIRST 3 qtrs.  Statistical   Jun-16-10 01:55 PM   #1 
  - Yes, I was just going to post from your link..  Cha   Jun-16-10 02:01 PM   #5 
     - Yeah here is another source.  Statistical   Jun-16-10 02:05 PM   #7 
        - Thank you! From a "small" person. :)  Cha   Jun-16-10 02:22 PM   #13 
           - but it doesn't make any sense?  Statistical   Jun-16-10 02:26 PM   #16 
              - Sorry, I have no idea..talkin' to a non  Cha   Jun-16-10 02:30 PM   #18 
              - It makes sense to me....  Spazito   Jun-16-10 02:38 PM   #23 
              - Because 'infinite' is now 'finite'.  louis-t   Jun-16-10 02:42 PM   #24 
                 - Yep, there is now a 'framework', in the minds of those investing/invested....  Spazito   Jun-16-10 03:05 PM   #34 
                    - Well, it did drop something like 20% in the last few weeks.  louis-t   Jun-16-10 03:10 PM   #36 
              - Stocks rarely react to news as it happens which is why all of the stock greats  cbdo2007   Jun-16-10 03:15 PM   #37 
  - I'm sorry for those who were depending on the dividends  LaurenG   Jun-16-10 01:57 PM   #2 
  - I'm not  Newsjock   Jun-16-10 01:58 PM   #3 
  - Think about what you're saying,  LaurenG   Jun-16-10 02:11 PM   #8 
     - This is horrible...  JuniperLea   Jun-16-10 02:23 PM   #14 
     - Exactly - shes fucking 86 years old  LaurenG   Jun-16-10 02:29 PM   #17 
     - You need to read your first post...  JuniperLea   Jun-16-10 02:32 PM   #19 
        - I'm sorry for those who were depending on the dividends to live on.  LaurenG   Jun-16-10 02:36 PM   #22 
        - I'm sorry people were led to believe it was good practice to live on dividends...  JuniperLea   Jun-16-10 02:43 PM   #26 
        - It's too late for them. It is already done. nt  LaurenG   Jun-16-10 02:46 PM   #27 
        - You know, we have an excellent social security system in this country.  PassingFair   Jun-16-10 06:26 PM   #56 
           - Are you kidding?  Art_from_Ark   Jun-16-10 10:53 PM   #64 
              - My aunt has been well served by our social safety net.  PassingFair   Jun-16-10 11:15 PM   #66 
                 - You said "retired people"  Art_from_Ark   Jun-16-10 11:35 PM   #67 
                    - Oops, I meant Medicaid.....  PassingFair   Jun-16-10 11:38 PM   #68 
                       - So your aunt has a special set of circumstances  Art_from_Ark   Jun-16-10 11:57 PM   #69 
                          - The "continue living in their homes" part is the part that doesn't work.  PassingFair   Jun-17-10 12:06 AM   #70 
                             - In some places, there are rent-subsidized places for  Art_from_Ark   Jun-17-10 12:19 AM   #71 
                                - That money was paying for her basic needs because they were subsidized.  PassingFair   Jun-17-10 07:02 AM   #72 
                                   - But this all seems to contradict your assertion  Art_from_Ark   Jun-17-10 08:07 AM   #74 
                                      - The point is: she has a place to live, health care (constant care now) food, etc.  PassingFair   Jun-17-10 11:53 AM   #75 
                                         - She had to go broke to get that  Art_from_Ark   Jun-17-10 06:23 PM   #76 
                                         - Which states, specificallly? n/t  PassingFair   Jun-17-10 06:48 PM   #77 
                                         - I'm not sure of the exact states, but here is the disclaimer  Art_from_Ark   Jun-17-10 11:57 PM   #78 
        - You may have made the mistake  dipsydoodle   Jun-16-10 06:16 PM   #54 
           - That is a shame. And I wonder whether that is not a bigger worry in Britain?  PassingFair   Jun-16-10 06:28 PM   #57 
           - No reason to be any different here from the USA  dipsydoodle   Jun-16-10 06:43 PM   #59 
              - You're a sweetheart!  PassingFair   Jun-16-10 06:56 PM   #60 
                 - The state pension is the state pension  dipsydoodle   Jun-16-10 07:15 PM   #61 
           - No, I didn't...  JuniperLea   Jun-16-10 09:42 PM   #62 
     - +1  Oregone   Jun-16-10 02:55 PM   #30 
     - 86yo should not be invested in stocks...  kirby   Jun-16-10 02:53 PM   #28 
        - That part is true.  Dappleganger   Jun-16-10 03:03 PM   #32 
        - Well an 86yr old CAN be invested in stocks but only the portion of funds not needed in next 3-5 year  Statistical   Jun-16-10 03:05 PM   #33 
        - She is so poor she had to move in with me 3 years ago.  LaurenG   Jun-16-10 03:05 PM   #35 
        - 'I don't get it'?  kirby   Jun-16-10 03:53 PM   #46 
        - I stand by what I said. I feel for those who live on their dividends  LaurenG   Jun-16-10 05:52 PM   #51 
        - Do you have subsidized housing in Ohio?  PassingFair   Jun-16-10 06:30 PM   #58 
        - Did she investigate the way the profits were made?  aquart   Jun-16-10 03:15 PM   #38 
           - No she let her broker pick her stocks but she doesn't own bp stocks  LaurenG   Jun-16-10 05:58 PM   #53 
  - It was a very risky gamble...  JuniperLea   Jun-16-10 01:59 PM   #4 
  - Yes - but those who are on fixed incomes will still be hurt  LaurenG   Jun-16-10 02:12 PM   #9 
     - i dont feel bad for them.  nyc 4 Biden   Jun-16-10 02:14 PM   #10 
     - You would if it were your elderly parents or grandparents  LaurenG   Jun-16-10 02:21 PM   #12 
     - Do you know me? Do you know what I drive?  JuniperLea   Jun-16-10 02:34 PM   #20 
        - I feel horrible for them as well and when I said that yesterday  LaurenG   Jun-16-10 02:42 PM   #25 
     - Thank you its called socially resposible investing  lunasun   Jun-16-10 11:00 PM   #65 
     - I doubt the poor fishermen in the Gulf had money to invest in anything...  JuniperLea   Jun-16-10 02:21 PM   #11 
        - That is not the point  LaurenG   Jun-16-10 02:23 PM   #15 
           - Sorry, but how are stock dividends "fixed" income?  aquart   Jun-16-10 03:22 PM   #39 
              - Read the rest of the thread.  LaurenG   Jun-16-10 03:32 PM   #41 
                 - If she's living on the dividend income then she's got more than  Tansy_Gold   Jun-16-10 03:48 PM   #45 
                    - She has no way to pay her loan. It's an arm it just keeps getting worse.  LaurenG   Jun-16-10 05:48 PM   #49 
  - I am too  wildflower   Jun-16-10 02:34 PM   #21 
  - Im not  Oregone   Jun-16-10 02:54 PM   #29 
  - I'm sorry for workers who get exploited too.  LaurenG   Jun-16-10 02:57 PM   #31 
     - Oh  Oregone   Jun-16-10 03:28 PM   #40 
        - What?  LaurenG   Jun-16-10 03:38 PM   #43 
           - To feel sorry for someone is not the same as wanting to ensure it doesn't happen again  Oregone   Jun-16-10 03:45 PM   #44 
              - You really stepped into this didn't you.  LaurenG   Jun-16-10 05:38 PM   #47 
              - Sorry about all the people giving you grief.  DURHAM D   Jun-16-10 05:49 PM   #50 
                 - Thanks Durham I am really surprised at the way this went! nt  LaurenG   Jun-16-10 05:53 PM   #52 
              - We have to face another reality, and that is funding  Tansy_Gold   Jun-16-10 05:44 PM   #48 
                 - Sure...employed owned private industry. Retirement is selling your shares back over a schedule  Oregone   Jun-16-10 10:21 PM   #63 
  - I'm not sorry for them at all.  FLPanhandle   Jun-17-10 07:36 AM   #73 
  - Good... it was a slap in the face to the millions of people who have had their lives ruined...  JuniperLea   Jun-16-10 02:02 PM   #6 
  - This is the link  dipsydoodle   Jun-16-10 06:21 PM   #55 

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