ALD and ACAS
Its curious to read these messages given all that has happened over the past 6 months with these two companies. Is anyone else still holding these two stocks or am I the only fool here?
I invested my retirement money into what, at the time, I felt were secure dividend paying stocks. ACAS, ALD, MCGC, GE, BAC, PFE, DOW, PCU, USB etc. I thought, given the history of dividends of these companies, my retirement would be secure and I would never need to dip into my capital. I could live the rest of my life off of an ever increasing flow of dividends. Boy, how could I have been so wrong. I was able to select all of the real winners. Now my portfolio is down about 70% and my income has been cut by about 90%. Sheesh, and it all happened so quickly.
Just wondering if anyone else has held onto these two stocks? I even bought more ACAS when it hit $1.40 bringing my cost basis down to about $18.00. I'm not sure which way to turn now. I can draw on home equity to live for about 5 years before I have to start liquidating my portfolio. is there any hope that things will reverse within 5 years? SS wont even come close to allowing me to pay my bills without drastic (and I mean drastic) changes.
I think the worst part of it all is I feal like such a fool. I should have taken my money and spent it on vacation houses and luxury cars... I would have lost less to depreciation than what I have in these stocks. I dont understand, I really thought I was doing the smart thing.......