Seeking Alpha
  • Brandon Gibbs
    LGF NYCB MTDR VNM, long into short week. Small SDS position as hedge. Looking for entry in MCD NKE FL KORS
    5/29/12
    Reply (18)
    • iadops40: A lot of discounts out there. Looking to enter MTDR and MCD. Also looking at 1/2 off sales with FOSL and HLF.
      5/29/12
    • iadops40: also RNF
      5/29/12
    • Brandon Gibbs: Wow big divvy RNF. What was that china company you posted about the other night, they also had a huge div..
      5/29/12
    • iadops40: XIN pays quarterly, but be careful w/ ADR's if the divys are what you are after..they can be taxed in their country and the US, best for IRA
      5/29/12
    • Brandon Gibbs: Anything ou of ordinary with RNF div? Seems a bit high..
      5/29/12
    • iadops40: I want to top off my yearly ira allotment in RNF to supplement my only ira holding and personal favorite AGNC
      5/29/12
    • iadops40: RNF financials look strong with a good balance sheet, the company seems to have sound business model, imo
      5/29/12
    • Brandon Gibbs: No open IRA currently, great benefit from one?
      5/29/12
    • iadops40: roth ira, without a doubt, yes, for long term growth & divy reinvestment. pay tax now and sit back and let it grow for years, tax-free :)
      5/29/12
    • iadops40: $5k a year contribution limit that the irs allows. you pay the tax up front. dividends are reinvested in the stock and growth is tax free
      5/29/12
    • iadops40: 401k is subject to ordinary tax rates when you reach the required age, subject to further tax with early distributions
      5/29/12
    • Brandon Gibbs: Would you recommend Merrill lynch?
      5/29/12
    • iadops40: mine is with Fidelity, which is where my 401K is at as well. It's easy to set up and if I ever had a question I called and had no issue
      5/29/12
    • iadops40: when I take profits from my brokerage account I transfer a few hundred to my bank to save up for my yearly ira allotment
      5/29/12
    • Brandon Gibbs: Nice I will look into them, thank you! I hear MLPs are preferred for IRAS
      5/29/12
    • iadops40: I have heard mixed emotions & complications with MLPs, but never dabbled in the area. I stick to what I know & recommend from experience.
      5/29/12
    • Ocean Man: RNFs first dividend was for more than one quarter, can't take it x4. Not the real yield showing on Yahoo, etc.
      5/29/12
    • iadops40: OC, I heard RNF was going to pay a quarterly dividend like TNH around the same yield
      5/30/12
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