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by ReallyAnonymous
3208 days ago
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My parents saved their whole lives and now make about $100,000 / year in qualified dividends - They pay about 6K in federal taxes with all that income. My dad bought pcg_pe for $12 / share when they went into bankruptcy protection bc Enron/etc. When they came out of bankruptcy they had to back pay him all the missed dividends and now continue to pay $1.75/share/year. For his cost basis, its 15% return yearly. Not too shabby. |
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