Okay, so I’m on a mission to erase our debt and increase our net worth, in order to secure our family’s future (as much as I am able to anyway). I’ve been buying *very* small lots of dividend stocks when I save up a few hundred dollars to do so.
The markets have been the big news in the past week, with the TSX losing all the ground it gained in 2007. While everyone else was panicking, I thought it would be a good time to buy. I put in a purchase order over the weekend to buy 3 shares (yes, count ’em 3 whole shares!). Okay, if I’m buying for capital gains, three shares and a $29.00 commission would not be wise. But, since I am investing for dividend income, I’m more concerned about holding the stock for a long time. Buying low is a bonus.
Here’s how the numbers played out:
Close High Low
Yesterday $44.42 $45.50 $42.51
Today, the stock is currently trading at $45.08. $42.51 is the 52-week low for CNR. I paid $42.83 per share.
Yeah baby! Buy low is good! Now, I just wait for the dividends to arrive.
N.B. — Why buy Canadian National Railway? 1. It’s a dividend producer. Dividends are taxed at a much lower rate than any other kind of income. 2. With oil doing what it’s doing, non-trucking transport, that is railroads, will become more important in the economy. Therefor, it’s likely that the dividends will go up.
No, really, it does. Apparently, when we humans use planetary fly-bys to speed up spacecraft headed for distant parts, there is a source of energy that bumps up the acceleration just a teeny bit more than the scientists have calculated it should. These events are known as “fly-by anomalys” and no one knows what causes them.
Universe Today has a nifty article on the issue here. From the piece:
A recent study by Magic McCulloch suggests that “Unruh radiation” may be the culprit. The Unruh effect, put simply, suggests that accelerating bodies experience a type of electromagnetic radiation. At very low acceleration, the wavelength emitted will be so large that a whole wavelength will be longer than the dimensions of the Universe (otherwise known as the Hubble Distance). Low acceleration would therefore generate waves that have no effect on the body. However, should the accelerating body (i.e. Galileo getting accelerated by Earth’s gravity during the 1990 flyby) slowly exceed an acceleration threshold, the Unruh radiation will decrease in wavelength (smaller than the Hubble Distance), causing a tiny, but measurable “boost” to its increasing velocity.
That’s so cool!
IslamOnline.net published a controversial poem titled “How to Behead” written by a British Islamic radical woman. They called for poetic responses. Here’s mine:
Open your arms to the world
And soften your heart
Open your eyes
So that you won’t hesitate as much
For on seeing the suffering of the world
You’ll begin to shake
And cry for your brothers and sisters
And weep for the children
Trust me–this will sure get you angry
It’s better to have at least two or three others by your side
Who can see the truth
Because as soon as you open your eyes
And see the naked world
You’ll come to know what needs to happen
It’s not as messy or as hard as some may think,
It’s all about seeing yourself in others.
No doubt the haters will twitch and scream
But ignore the ignorant
And continue to serve humanity
You’ll feel yourself hit
The wall of denial
But don’t stop
Continue with all your might.
About now you should feel
your heart murmur
You can feel the warm heat of love
This is due to seeing the truth of others as yourself.
May all beings everywhere feel peace and love in their hearts.