New Golden Investment: Wal-Mart (WMT)

The Golden Investments concept did not originate with me, and others have different names for it, including 'zero-basis stock.' I don't care for that name since, in reality it is nearly impossible to hold a stock with zero basis (at least the way the IRS calculates basis). A Golden Investment is one in which I have fully recovered my entire investment either through dividends or from partial liquidation or a combination of both.

I am pleased to announce that Wal-Mart (WMT) has now earned Golden Investment status. With this month's dividend, along with prior sales and dividends received over the years, cash received from my WMT investment now account for 100.8% of my original investment. In my income portfolio, I am currently holding these Golden Investments with several more going Golden in the next 24 months...

Source: Dividend Growth Stocks

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