I've been holding this since 20c
I'm getting paid 20% dividends (at 85c it's only 4.7% but the market is just under 4% atm with a target of 3% or lower in the next 2 years)
Each year everyone cashes out thinking they've reached the top
Then they either time it wrong
Sell at bad times
Buy at bad times
Eventually it makes new highs
Continues to pay the dividends
Stress free
I wouldn't say a 15% dip is an awful collapse unless you're trying to keep getting in & out
Dividend stocks are not meant to be day trading stocks
Top up whenever they hit their lows
I'm using 80c as a baseline this year (until November)
Anything near there is worth a top up
Last year was 60c
The year before was 40c
Started at 20c (long term uptrend has held since)
Next year I'll use either 92c or $1.06 (not sure yet), if all goes to plan
Not sure how many stocks in your portfolio are sitting & holding 300% gains in the past 4 years (& still growing)
If this doesn't reach 1.06 by feb 2025, then there's something wrong fundamentally but they'll need to update guidance (then I can reconsider my position)
Btw you are aware markets had a flash crash in the past week.
Let me know which stocks have been spared.
Hopefully that's over with this week & markets can build a recovery over the next few months in time for a strong end of year rally again
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