I do not own a single security anywhere that doesn't pay a dividend, and I formed a mutual-fund company with that very simple philosophy.
Sentiment: NEGATIVE
And I had an old-fashioned idea that dividends were a good thing.
Don't hold against me that I don't own - that I don't own a single stock or bond. Don't hold it - I have no savings accounts.
You can't put your name, recognition, your money in a company without having share in the control.
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
An investor in Duke Energy is expecting a dividend payment. That's roughly 70 to 75 percent of the earnings I produce. The business that goes with that level of dividend is a business that has more predictability, more stability.
I'm not a trust-fund type.
I always invest my own money in the companies that I create. I don't believe in the whole thing of just using other people's money. I don't think that's right. I'm not going to ask other people to invest in something if I'm not prepared to do so myself.
Income-producing unit trusts are brilliant because if you can accept capital values will be volatile for a while, your dividend income will always be higher than what you get in the bank.
My private financial situation is such that I don't need to worry about my investments. I don't have much to invest.
I just don't like mutual funds. I think they're a rip-off.