isherlock

Dividend Cuts: Time to Sell?

I respect how you set a system for yourself and follow it through. Though I must also point out that investing through searching out for companies with high dividend yield is a dangerous stategy in the first place, and given the industry wide turmoil, shopping in the financial sector is akin to swim with the sharks. I'm unsure what the qualifications are to become an article contributor on Seekingalpha, but the amount of articles with unsoliciated buy/sell advices amazes me. when you have someone(not mentioning names) post an article here singing praises of WB, C and WM earlier in the year with statements like "Anytime WB below $40 is a buy", I wonder how much damage it contributes to the individual investors community.

In beginning of this anyone with a decent knowledge of financial history should've realized that Majority of the financial institutions won't survive this, yet the small number of firms that survive will dominate for the next decade and more. It wasn't hard to see even a year ago that WB and WM won't and BAC will.

Good luck!