(Untitled)

Nov 09, 2008 20:48

Following my own advice, here is what I did Saturday night at my 1929 wall street crash party. thanks to everyone who came out, it was so much fun! I was all worried no one was going to show up and by 11, my living room and kitchen were so full, people could barely move!!

Oh! we're so poor!! Our dividends!

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ex_haughtym November 10 2008, 03:19:11 UTC
i'm sorry i missed this, i went out of town for the night.

are you bemoaning your dividends? dividends only go down in value if the board of directors order it. the value of the dividend isn't tied to the market value of the stock. :) so you'd actually be happy about your dividends in a bear market as they'd kind of be a guaranteed income (unless the directors are assholes).

but yeah, good times it looks like.

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the_troubles November 10 2008, 13:34:41 UTC
so are you saying dividends go up when a company goes bankrupt?

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the_troubles November 10 2008, 13:35:07 UTC
ah forget it, alan I didn't make this post to fight with people.

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ex_haughtym November 10 2008, 13:45:46 UTC
I wasn't trying to fight with anyone... You make a good point about bankruptcies. I'm not sure what happens to dividends on a stock that is worthless.

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ex_haughtym November 10 2008, 13:44:37 UTC
That is an excellent point.

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