Saturday, June 30, 2012
I had another transaction in my account this month, which indicates the market continues to march on, in what I would consider a "Wall of Worry" type of pattern. There seems to be constant concern, especially in the world economy, but the market keeps on going up amid occasional setbacks. Now, a week later, I find my account back in selling territory already. We could be in the middle of a sharp surge that could result in a fairly large amount sold off next month. You just don't know until the day of reconcile.
I was thinking today about the problem with Cathy's account. There is nothing to determine if a stock is no longer eligible for that particular trading plan, other than being a stock that is socially responsible. That alone will not keep the stock from going to nothing. I must think of a remedy to this, and maybe change it slowly over time. I might consider not having stocks that are under $10 per share. The boys' stocks all pay dividends, and that is the main rule, as if their dividend falls below a certain point, the stock will be replaced.
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