Diary of a Dividend Diva: Make Hay While the Sun Shines
I often tell you that a key to success in the dividend capture strategy is to "make hay while the sun shines." When the market is rising, and getting out of your trades is relatively easy, you should be doing as many trades as possible, booking as many dividends as you can. When the market rolls over, and many trades are likely to end up as losses, cutting-back activity is advised. In fact, there is nothing wrong with doing nothing in a terrible market! However, once stocks have declined for a while, initiating new trades can take advantage of lower prices, creating positive results quickly and painlessly.
We had such an opportunity with the trades I posted Wednesday. I gave you a list of upcoming dividends at which to look, with some highlights over the ones I thought might be interesting. Among those names were UPS (UPS), KLA-Tencor (KLAC), Exxon Mobil (XOM), Eli Lilly (LLY), Manulife Financial (MFC), DuPont (DD), Xilinx (XLNX), Marathon Oil (MRO), Avon (AVP) and Microchip Technology (MCHP). ...143 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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