Dow Falls More Than 650 Points in Worst Week in Years.

Dow Falls More Than 650 Points in Worst Week in Years.

For me this is good news. I'm not interested in capital gains. I'm in the stock market only for the dividend income. When I can buy shares for less money that's a good thing. What I buy I hold for life.

Buying shares and hoping for capital gains is gambling. Sometimes it works but usually there are problems. The way I do it I can sleep well at night. I do not fear stock market crashes. Instead I love when the market has a bad day because it's a buying opportunity.

These days my favorite investment is AT&T. Somebody wrote this about AT&T:

"We admit, there are tons of better growth opportunities out there. But this is an income name. We are in this one for the long term, planning to hold the name for 30 years. Collecting/reinvesting dividends, trading around the core position, and adding the holdings whenever the yield gets noticeably higher is our play. Expect continued dividend hikes. We will be looking for another one penny dividend hike at the end of 2018. AT&T is a serial dividend raiser, and that is why you buy. Especially when the data is this strong. Don’t you just love that?"