Gilead Sciences, Inc. (GILD) Purchased 8/1/2016

In 2014, I sold my Gilead Sciences, Inc. (GILD) stake in another account after its value had more than tripled over a number of years, and as I was in the process of transitioning many of my non-dividend growth stocks out of my retirement savings.  The stock went on to continue rising, but later GILD started paying a dividend, and the price started to fall.

I felt like I was getting a pretty good deal on GILD when I purchased it last summer, but it turns out that I would have gotten a better deal if I had waited to purchase it today.  As a matter of fact, the price of the stock is now less than where I sold it three years ago.

As GILD profits are expected to decline over the next few years, the investment is problematic for me, but I am focusing on the potential for dividend growth, which the company has demonstrated  its commitment to with a significant increase recently.  If that continues, I believe that GILD will be a great investment going forward, and I may consider purchasing more in the future.

For now, my loss of capital in my investment in GILD is pretty significant.  But stock prices move up and down based on market conditions, and the value of the stock still is low compared to its potential future profits, over the next few years at least.