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?

Wall Street Breakfast: Must-Know News

How come foreigners can keep assets here and not be taxed on interest, capital gains, estates etc., but American's who do the same overseas are criminals? I guess we are against illegal immigration unless they are rich!

Dow 30 Earnings Reports

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