sharksm

Young Jeezy's 'The Recession': I Think We’ve Bottomed Out

I have been investing for 40 years, have held stocks through bull and bear markets and have found that trying to time the market and trade on a daily, weekly or monthly basis is a fools game. I have owned MO for almost 30 years and my original 1,000 shares is now 20,000 MO, 20,000 PM and 10,000 KFT (I sold about 3,200 shares). I now receive over $70,000 a year in dividends on an original investment of about $35,000! I have held JNJ, PFE, GE and many others from 12 to 20 years and while I no longer reinvest dividends (I am 74) I certainly don't have to depend on social security! About 9 years ago, I went heavily into energy, when oil was $12 a barrel, and while energy portfolio has taken quite a hit, I am still well ahead. I own RIG which is down about 20%, however my cost is about $7.00 a share as I had bought Global Marine, which merged and then was bought by RIG. The point I am trying to make is when stocks like PFE, BAC, GE and other blue chips are out of favor and cheap is when to buy. I am too old to invest any more but for younger investors, this is a time where an opportunity to buy the best of the blue chips at a bargain price. With PFE yielding over 6 1/2%, GE and BAC a lot more than a 10 year bond, the upside over the long term is infinite. I have never heard of anyone complaining that their favorite restaurant has lowered their prices, so why complain when a stock you want gets cheaper?

Can Cities Create "Foreclosure Sanctuaries?" [Housing Tracker]

Unfortunately for the "lefties", a contract is a contract. Only to Clinton is there a question of what is, is. The simple answer to the question asked is NO. These lawsuits are merely another waste of taxpayers money and more boondoggles for the shysters that call themselves "lawyers"

Dow 30 Earnings Reports

This is about the most useless article I've seen yet!

10 Top Dividend Stocks of the S&P 500

The Canadian Gov't takes 15% off the top for taxes, which you can get a tax credit for by filling out the proper form when you file your tax return. the dividends from the Canadian trusts are qualified for the 15% dividend rate, so it's a wash and you pay the same as if you were paying the U.S. tax rate

10 Top Dividend Stocks of the S&P 500

This is a useless list as it doesn't explain the high dividends. Most of these company's stocks have dropped up to 50% and the chance is great that the dividends will be cut. The writer should have included stoccks like Canadian Oil & Gas trusts that pay dividends (monthly) like HTE, PWE and the like. I have owned these for years and they produce solid, high dividends.

U.S. Bank Dividend Yields Revisited

I've owned 6,000 shares of BAC for many years. By buying Countrywide, Ken Lewis has risked the credibility of what , in my opinion was the best bank. If he is able to make this buy a success and not cut the dividend, I will apologize, but if the dividend is cut, that s.o.b. should get thrown out on his ass, without a parachute!

Bank of America: Smarter Than We Think?

Lewis should lose his job. He is no better than Jimmy Cayne at Bear Stearns. Throwing good after bad is the sign of a moron. I am a long time holderr of 6,000 shares