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发表于 2010-7-22 10:49 PM
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怎么能保证公司的盈利能最终到你的口袋里呢? You need to do research about such company. The theory is - if the company is reinvesting cash in profiting business, you can hold such company's share without demanding dividend. And if you want to get those profit in your pocket, just sell the shares because in an efficient market, the fair market value will reflect the profits the company accumulated in the past. If your diligence revealed that the company is burning money, you can get out easily in a liquid market. Remember, if a company goes bankrupt, not only your "profit" is gone, your "principal" is also gone. A company typically won't go bankrupt in one day which would give you plenty of time to examine whether to stay in or get out (with a profit, break-even, or at a loss).
Again, in a liquid market, stock price is the equivalent of cash. Whether a portion of such is in your safe vault or reflected in the stock price is not relevant. Think about interest from your savings account. Whenever banks pay you interest, they just add that amount to your existing account balance. Yes, that bank may go bankrupt tomorrow and you will have nothing so you better cash out those interest each time they are paid and put such interest money under your bed. But, have you ever done that? Or, do you just watch your bank account balance growing every month just like the stock price? Whether the interest is reflected in your account balance or reflected as physical money under your bed is iirelevant because theoretically you could immediately turn that account balance into cash under your bed.
Same thing as to dividend. If you really really want to see some cash under your bed to sleep well, you could sell a portion of your shares each time after the company reports a profit. In another word, if the company does not make a dividend, you can make a "dividend" by yourself.
怎么能保证公司的盈利能最终到你的口袋里呢?比如GM,如果分红的话,大家还能拿一点。如果不分红,最后来 ...
overdrunk 发表于 2010-7-22 22:58  |
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