Life A little thank you to Warren Buffet

**Rain Man** · 02-14-2013, 10:28 AM

On December 21st I was looking for a stock to buy with some extra cash, and I liked Heinz, the ketchup company. It's pretty stable and pays a nice dividend, and I've really liked dividend stocks the past few years. So I bought $5,000 worth. It's gone up a couple of percent over the last couple of months, and I've been good with that since that's a very good annualized return so far.

Today it was announced the Berkshire Hathaway is buying Heinz. The stock is up 20% today. Blammo. I sold out my initial $5,000 worth, left the profit in, and I now have $1,200 of free Heinz ketchup stock for two months of investment.

God, I love America.

Pilsner · 02-14-2013, 10:33 AM

I'm disappointed to hear that they don't pay dividends in Ketchup.

Garcia Bronco · 02-14-2013, 10:37 AM

I'd get out completely myself

Did the same thing myself JEC, Voda phone, Merck, and Wells Fargo. This is over the past two years. On JEC I bought it before the last debt ceiling/down grade bullshit and ended up have to buy more after the drop to average myself out and made over a grand. Then get the heck out.

**ptlyon** · 02-14-2013, 10:37 AM

It's amazing the debt Heinz had.

Democrat in Debt. Duh.

rageeumr · 02-14-2013, 10:47 AM

I hadn't seen this yet. The wife owns about 200 shares of HNZ. It's not noon yet, but I'm going to go ahead and chalk this one up as a good day.

ReynardMuldrake · 02-14-2013, 10:49 AM

I just bought 500 and 100 shares of Arch Coal and Cliffs Natural Resources a couple weeks ago. I've already lost $1500. FML.

Chief Pote · 02-14-2013, 10:54 AM

I need a good stock to throw some money at....anybody? I'm tired of mutual funds, I need to spread out a little.

**DaKCMan AP** · 02-14-2013, 10:56 AM

Nice.

I've recently invested in a couple of individual stocks opposed to just mutual funds. Hoping my basic valuation proves correct.

**Rain Man** · 02-14-2013, 11:08 AM

Quote:

Originally Posted by ChiefButthurt

I need a good stock to throw some money at....anybody? I'm tired of mutual funds, I need to spread out a little.

I pretty much stick to dividend-paying stocks these days. You make money even if the market is stagnant. You have to work a little harder to diversify, but you can do it.

Amnorix · 02-14-2013, 11:23 AM

Quote:

Originally Posted by ChiefButthurt

I need a good stock to throw some money at....anybody? I'm tired of mutual funds, I need to spread out a little.

Slow and steady wins the race.

**Rain Man** · 02-14-2013, 11:25 AM

Quote:

Originally Posted by Amnorix

Slow and steady wins the race.

I enjoy the irony that a person could have gotten rich with ketchup stock today if they'd've invested a lot in it.

Prison Bitch · 02-14-2013, 11:27 AM

That profit you made of the sale of that stock? You, you didn't build that!

Chief Pote · 02-14-2013, 11:31 AM

Quote:

Originally Posted by Prison Bitch

That profit you made of the sale of that stock? You, you didn't build that!

I don't think anyone can understand your post.

**Rain Man** · 02-14-2013, 11:31 AM

Quote:

Originally Posted by Prison Bitch

That profit you made of the sale of that stock? You, you didn't build that!

That's the part I'm most excited about.

Chief Pote · 02-14-2013, 11:34 AM

Quote:

Originally Posted by Amnorix

Slow and steady wins the race.

I know, sometimes I just want to get aggressive and find that lucky stock. Maybe it doesn't exist right now.

02-14-2013, 10:28 AM
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $-692449 VARSITY	A little thank you to Warren Buffet On December 21st I was looking for a stock to buy with some extra cash, and I liked Heinz, the ketchup company. It's pretty stable and pays a nice dividend, and I've really liked dividend stocks the past few years. So I bought $5,000 worth. It's gone up a couple of percent over the last couple of months, and I've been good with that since that's a very good annualized return so far. Today it was announced the Berkshire Hathaway is buying Heinz. The stock is up 20% today. Blammo. I sold out my initial $5,000 worth, left the profit in, and I now have $1,200 of free Heinz ketchup stock for two months of investment. God, I love America.
Posts: 145,520

02-14-2013, 10:33 AM	#2
Pilsner Starter Join Date: Oct 2011 Casino cash: $7502061	I'm disappointed to hear that they don't pay dividends in Ketchup.
Posts: 518

02-14-2013, 10:37 AM	#3
Garcia Bronco No Keys, No Problem Join Date: Sep 2000 Location: Denver Casino cash: $1683136	I'd get out completely myself Did the same thing myself JEC, Voda phone, Merck, and Wells Fargo. This is over the past two years. On JEC I bought it before the last debt ceiling/down grade bullshit and ended up have to buy more after the drop to average myself out and made over a grand. Then get the heck out.
Posts: 32,969

02-14-2013, 10:37 AM	#4
ptlyon Bono & Grbac wasn't enough Join Date: Oct 2000 Location: Sioux City, IA Casino cash: $9223829	It's amazing the debt Heinz had. Democrat in Debt. Duh. __________________ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Advertise here: $19.99 a month
Posts: 40,915

02-14-2013, 10:47 AM	#5
rageeumr Veteran Join Date: Apr 2005 Location: St. Louis :( Casino cash: $9989900	I hadn't seen this yet. The wife owns about 200 shares of HNZ. It's not noon yet, but I'm going to go ahead and chalk this one up as a good day.
Posts: 2,313

02-14-2013, 10:49 AM	#6
ReynardMuldrake 2 Legit 2 Colquitt Join Date: Sep 2010 Casino cash: $2165754	I just bought 500 and 100 shares of Arch Coal and Cliffs Natural Resources a couple weeks ago. I've already lost $1500. FML.
Posts: 4,899

02-14-2013, 10:54 AM	#7
Chief Pote Veteran Join Date: Jan 2006 Location: Undercover..... Casino cash: $6872638	I need a good stock to throw some money at....anybody? I'm tired of mutual funds, I need to spread out a little.
Posts: 3,647

02-14-2013, 10:56 AM	#8
DaKCMan AP Beloved & Awesome CP Celebrity Join Date: Aug 2000 Location: Florida Casino cash: $5584952	Nice. I've recently invested in a couple of individual stocks opposed to just mutual funds. Hoping my basic valuation proves correct. __________________
Posts: 35,714

02-14-2013, 11:27 AM	#12
Prison Bitch Rabbi Goldmann Join Date: Nov 2012 Casino cash: $5450159	That profit you made of the sale of that stock? You, you didn't build that!
Posts: 87,025