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Originally Posted by D Rice
I am fairly new to the stock thing. Worked all summer made some money and didn't like the idea of it sitting in the bank for me to spend and it wouldn't do anything. I took half my money and put in the great company, Merck. I guess it was a bad idea.
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Google up "Dollar Cost Averaging". It will help you in the long term by preventing the sort of punishment you just took on MRK -
MRK's Chart On the plus side the dividend yield at it's current price is a strong 5.75% but with the trouble emerging in the Cox-II enzyme inhibitor class of drugs that all behave pretty much the same way I'd be caution about taking on another company in this class until the dust settles. I'm sure John Edwards is salovating over the blood in the water on this one but perhaps that's a story for a different thread. MRK will recover...hang on and if you can you might want to consider modestly increasing your holding but do it over time to gain the benefit of dollar cost averaging.
Cheerios,
-Kjroh