tag:blogger.com,1999:blog-6818486532233792196.post696964383742225500..comments2024-03-18T14:35:45.389-04:00Comments on The Dividend Girl: It's a rough time for Data Group Inc. (DGI) investorsSunnyhttp://www.blogger.com/profile/10439081666297874311noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6818486532233792196.post-62619269203910178622013-11-13T09:09:07.589-05:002013-11-13T09:09:07.589-05:00Protecting your money is more important than tryin...Protecting your money is more important than trying to make money. Invest in companies like Wal-Mart, Coke, etc. and you will have a lot less surprise than with stocks like Data GroupAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6818486532233792196.post-90878976470889484832013-11-12T23:01:07.573-05:002013-11-12T23:01:07.573-05:00This company was such a poor buy. 'Board of Di...This company was such a poor buy. 'Board of Directors has decided to suspend dividend, effective immediately, until further notice. The funds will be redirected to debt repayment.' They are drowning - take your losses.<br /><br />You will probably be suffering this outcome with many other companies you have as well. It's fun to watch you lose money that you actually don't have because you buy on margin. The hole your in just gets bigger... Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6818486532233792196.post-44974678604170416602013-11-12T21:35:31.681-05:002013-11-12T21:35:31.681-05:00Another investor with their foot cause in the high...Another investor with their foot cause in the high yield trap. Sucks cause you just took a cut with Encana too. At least you got an increase with Telus but that goes back to buying quality..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6818486532233792196.post-15120163158002215212013-11-12T21:29:01.927-05:002013-11-12T21:29:01.927-05:00You have too many of stocks like DGI, SII, CHR.B, ...You have too many of stocks like DGI, SII, CHR.B, JE, EIF, RSI, STB, GCL, FR, K, HRX, MMP.UN and sprott silver funds that are not stable. You are afraid to sell now because you are afraid to miss out if they go back up, but on the other side, some more will be like DGI and will go lower from where they are now.<br /><br />If you want to hold blue chip stock, why not reduce your position in these stocks. You could pay your line of credit. This would remove the stress of dividend cuts and you wouldn't have to worry about margin calls.<br />Yes some will probably go up eventually, but more will go down like DGI that will only cancel the ones that goes up. Sell and pay off your line of credit before it's too late like DGI. You should also be ready for interest rates to go up in the future. <br />A good investor should be able to take a look at their portfolio and analyze the performance. From where I stand, the use of credit hasn't helped your performance, it's not helping you accumulate dividend income but the opposite. As these stocks go down in value and cut their dividend, you're stock paying interest on the original amount you invested in these stocks. You invested $4,000 in DGI and now it's worth less than 500$. Not only did you lose $3,500, you're paying interest on 4,000 that you took on your margin and you can't even claim a tax deduction because you transferred it in your TFSA. You're not even suppose to claim the interest because that stock is in your TFSA and not in your non registered account.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6818486532233792196.post-67071049133623363972013-11-12T09:16:42.572-05:002013-11-12T09:16:42.572-05:00All your readers told you that buy high quality di...All your readers told you that buy high quality dividend growth stocks. You don't listen.. Anonymousnoreply@blogger.com