Some Good News and Some Bad News

Written by The Dividend Guy on August 3, 2006

Two things to report on in this post; one cool and one not so cool.

First, the not so cool. It would appear that my timing to sell my Merck shares a few months ago was ill-timed based on the most recent share price. I sold my shares for $34.72 - the current price is $41.50. That sucks. Investing is like that. The key thing is to evaluate your past decisions to see if I would have acted differently. Looking back, I sold for fear of the 16,000 or so lawsuits against them right now sucking up all available cash flow which means that I did not expect to see a dividend increase in the future. That was one of the reasons I bought Merck, and without that I thought my money could be put to better use elsewhere. I still believe this. The funds went into Proctor & Gamble which I am confident will continue to increase dividends and provide me more wealth than Merck will be able to. Will I be right - who knows, but I need to base my decision on the facts that I have.

Second, the cool. Two of my stocks have announced a dividend increase this week. Great West Life and IGM Financial. IGM has increased their dividend 7.4% and GWO was bumped up by 7.3%. Not bad for doing nothing more than monitoring performance and holding the shares. I love it when this happens.


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5 Comments so far

  1. garrett August 5, 2006 9:57 pm

    I always had a feeling about merck… Oh well you invest and learn..

  2. The Dividend Guy August 6, 2006 8:25 pm

    Test comment

  3. Weekly Dividend Investing Roundup - October 5, 2007 October 5, 2007 12:35 pm

    […] is important to have clear rules in your selling strategy and to stick with them. A long time ago I sold Merck for what I thought were good reason but it turned out I was wrong. Nonetheless I had my principles […]

  4. Dealing with a Falling Knife - Citigroup November 6, 2007 3:50 pm

    […] have made the mistake of selling into trouble before with Merck and am paying for it now, as the share price has sky rocketed. I will be watching closely, […]

  5. Darren erick November 16, 2007 5:42 am

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