To: only1percent
Fidelity and a few other 401/Ira tenders are on board the dividend reduced taxes and eventually no taxes.
That will have an incredible impact on corporations who want to sell their stocks to mutual funds.
You see the water glass as less than half full. I and millions see it as half full for the first time in a long time. We see the cycle about to enter another positive cycle. We don't know how long it will run, but we want to be on it when it makes the run.
Re changing investments to get a better return on your investment is why most people change their investments. If not they still would be invested in buggy whips, horses and wagons. It is the name of the game.
28 posted on
07/07/2003 9:18:48 AM PDT by
Grampa Dave
(Evil Old White Devil Californian Grampa for big Al Sharpton, Nader & Peter Camejo!)
To: Grampa Dave
That they are on-board for the dividend tax reduction is not surprising.
If you are suggesting that Fidelity and other major investment companies are going to pressure their portfolio companies to pay out higher quarterly dividends once the dividend tax is fully repealed, or to pay out special dividends whenever they have a windfall (like an asset sale) that is a MUCH bigger assertion, and would, if they are successful, represent a PROFOUND change in how large public corporations are managed. I don't see evidence of that kind of move among the people I know in the investment world, but that doesn't mean it won't happen...
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