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  • The Sequester - Why No Wall Street Panic? [View article]
    Do you know it is NOT cut from current spending? it is cut from projected increase spending. Not a penny is cut from what gov is spending or what it was spending, it is a trivia cut from "INCREASES".

    It is like a family living on credit card debt, house under water, agreed to buy one less purse.

    Let's cut 20% from ALL SPENDING.
    Mar 3, 2013. 09:31 PM | 8 Likes Like |Link to Comment
  • Apple: Quit Whining About Tim Cook [View article]
    I read Cook's interview with Business Week months ago, I don't remember anything he said, nothing significant, except I only remember one thing, he REPEATLY said how great his team is, again and again. So, he is a nice guy, a nice manager. He spent more time try to impress his staff then anyone else, he is not arrogant which means he is not confident. He is like my general manager, he does everything he should do very well, I can leave for weeks without worrying about anything, but I know he is not a top leader, he cannot lead a business, he does not step out of bound, he does not innovate. Cook is a manager, a vital person to handle things for the boss. Cook is not a boss, he doesn't have the brain nor character to innovate..
    Apr 23, 2013. 03:51 PM | 6 Likes Like |Link to Comment
  • 20 Signs The U.S. Economy Is Heading For Big Trouble In The Months Ahead [View article]
    47% don't pay tax. top 50% pays 97.75% of all taxes, top 25% pays 87.30% of taxes.
    Who do you think are those 50%? or 25%? rich people? or just average hard working Americans? People here, our neighbors and everyone we know.

    When was last time your government said they have enough money and need no extra taxes? Just like fixing any families that spends morre than what they make, CUT SPENDING! Fire 20% of all government workers, cut 20% off everything.

    Don't worry, it is only a matter of few years before they will add back all 20% of workers and more, and spend more and more again. How stupid can one be to give an addict more money?
    Feb 23, 2013. 12:04 AM | 6 Likes Like |Link to Comment
  • J.C. Penney's Desperate Decision [View article]
    Maybe the board should fire themselves too, they were the cause for the problems.
    Apr 9, 2013. 02:57 AM | 5 Likes Like |Link to Comment
  • Could Apple Be Working On The 'iBank'? [View article]
    Plausible, logical, doable and clever. That is what have been missing for a few years, some big wacko idea that is just, as they say, paradigm shifting.
    Feb 13, 2013. 05:49 PM | 5 Likes Like |Link to Comment
  • Should Gold Investors Buy The ETF Or Physical Gold? [View article]
    In terms of "investment" maintenance and liquidation, physical gold ownership has near zero cost, compare to home/rental properties, car or boat and investment portfolio ownership, all require constant attention, management, taxes, commission, repairs, buying, selling and tax filing. Gold is off the radar, it is independent because you do not depend on anyone else or any financial institution, system or legal authorities, it is total freedom.

    In the chaos after WW2, my father was a 20 something army captain in a retreating army on a ship to a promised land, he had some gold nuggets from his mother sewed in his uniform which went through battles and retreats, he gave some to the colonel who had a whole family to feed; he never had to sell his gold, when he passed away in '95, he was the head of a major corporation. In my early 20s, I was in another promised land but things were not going well which my family never knew, I sold a gold bar to pay the rent, that was the only time I sold gold.

    I have been buying 24K gold (under $1K/ounce), small pieces here and there and promised myself I will never be in a position to sell gold. Gold is never part of any investment, has absolutely nothing to do with profit. I have x Ibs of pure 24K gold, in a stage in life that $1x0K is irrelevant to me and family, not part of any financial statement, never discussed outside of my family of 4, out of sight, out of mind. But it is there and that gold is a reminder of where I came from and where I can be if I am not careful.
    Feb 7, 2013. 12:19 AM | 4 Likes Like |Link to Comment
  • Why 2012 Will Be Way Better Than 2011 [View article]
    Thanks for the great article, I share the sentiment and agree with the data and assessments completely, I trust experience over smart any day. However, I don’t have the guts to throw in the 60% cash I am holding in money market earning 0.05%, that cash bugs me, but I am shell-shocked. For now, I will just let the 40% I have in the market ride through whatever may come. My guess mass majority of average not-so-smart investors are doing the same.
    Jan 18, 2012. 05:17 PM | 4 Likes Like |Link to Comment
  • Strength In ARMOUR Residential REIT's Portfolio - May 2014 SEC Filing [View article]
    I paid $86,000 for ARR thru the past 2-3 years, I lost $32,000 (have not sold), I got $17,000 in dividends. If I have to do it again, no way, I'd not buy ARR.
    Now I am here, I stay and hope eventually I will collect enough dividends to break even.
    Bad news, ARR kept on cutting div., and price will again drop when they cut div.
    Good news is $17,000 div is real money I got. $32,000 loss is not a loss yet because I have not sold.
    It feels like a casino table. If I am lucky, I may get most of my money back, but I do not expect to make any profit.
    If you don't have ARR, don't. There are safer bets out there, this one is not worth it.
    Jun 3, 2014. 07:05 PM | 3 Likes Like |Link to Comment
  • Avoid Armour Residential [View article]
    I will be watching ARR to sell my 11,700 shares. Received $6,500 div, but lost $8,900 on price. The high div % is an illusion. There are many other more reliable mREITs with high div %.
    Mar 14, 2013. 12:10 PM | 3 Likes Like |Link to Comment
  • The Sequester - Why No Wall Street Panic? [View article]
    You don't spend money you do not have. There is nothing conservative or libral about it. Not everything is about politics.
    Mar 3, 2013. 10:17 PM | 3 Likes Like |Link to Comment
  • 20 Signs The U.S. Economy Is Heading For Big Trouble In The Months Ahead [View article]
    There is actually something bigger to worry about, in today's paper, scientist found out the universe will go kaput in x billions of years. Here we are worrying about Reader's Digist or Detriot going bankrupted, I for one am far more worried about universe going bankrupt in X billions years, the fact that scientists did not specify the date is most worrisome to me, what are they trying to hide? Tell me! I can handle the truth.
    Feb 21, 2013. 02:52 AM | 3 Likes Like |Link to Comment
  • Robert Shiller: Don't Invest In Housing [View article]
    Let's not forget there are still 11 million houses underwater, plus bank owned but not released, plus not yet forclosed houses. In my little town, I have followed forclosure houses online for 5 years, roughly 100 froclosed houses in 5 years, not one of those came on the market, banks just sat on them, still do. Prices in town is from minimum $2mm to $100mm per house, I have tried to buy some of them thru agents and thru friends in banks, no deal, banks don't even want to talk about it.

    Timing is everything.

    Just like stocks, if you bought at highest point, you lost,; but unlike stocks, houses will eventually recover, most stocks will not, you can still break even or come out okay, but it takes extra 10 years to break even, another 10+ years to increase in value, it will be okay if they hang in there. Real Estate is usually 10 years cycles, 5 yrs up, 5 yrs down. It depends on when you buy and when you sell.

    What was most shocking about 2007 market crash was that how can all these people did not know? anybody with some elementary knowledge and experience knew the 10 years cycle. I have seen it 3 times since I became an adult. Anyone above 45-50 knew the bubble will go bust, but how come govenrment, banks and Fed did not know?
    Feb 10, 2013. 01:44 PM | 3 Likes Like |Link to Comment
  • 12 Things To Dislike About Dividend Investing [View article]
    No.8 is my problem, I know it and there is nothing I can do about it.

    After 30 years of investing, I accepted the fact that I am no good at it. I had many big winners, but very few losers, those few losers wipes out gains of all the winners. I know I can pick winners, but I cannot avoid losers, also $100Ks of gains got wipe out once overall market changed direction. the same show repeats itself every few years. In 30 years, bottomline, I did not lose money and I did not make money. I gave up so I chase dividends.

    In the last few years I made $100Ks of dividends, so the danger now is something will happen in the market to wipe out all the div gains I made, what or when it will be I do not know. Short of selling everything and go to all cash, which I have done a few times in 30 years, I don't know what I can do.

    All the experts are wrong sometimes, it is that 1% mistakes that wipes out the 99% success. I am affraid after few years of div success, it is time to prove my new dividend strategy wrong, again.
    Feb 5, 2013. 02:07 PM | 3 Likes Like |Link to Comment
  • 13.71% Dividend Payer Armour Residential REIT's Charter Change Should Help It Succeed [View article]
    I have 11,000 shares of ARR, that is $880 a month of real cash, as the duck says in the Aflec commercial, cash is real money, vs. unrealized gains which can disappear in a few minutes. Damn the torpedoes, if it drops, I'll buy more. Dividend is the best armor against price drop, as time goes on, div accumulates to a point to become impenetrable armor. I use time tested MTD method, Monkey Throw Darts, spread the money out in 2-3 dozen high yield ETFs, expecting some dead cats, but overall wins. I gave up trying to make money on stocks, I chase dividends.

    Don't talk to me about safety, like masses of retail investors, I had my share of safe GE, MSFT, C, BAC, you name it, we got them worth half what we paid 12 years ago. First stock I bought was Pan Am, as safe as it can be, where did it go? High yield it must be because most of us stupid retail investors got burned and still holding 50%-70% cash, so whatever I invest must work double hard, 13% is actually 6.5%, because the other half of the pot is making 0.01% in Schwab, just in case the sky falls as Al Gore predicted, afterall, he invented the internet.
    Jan 25, 2013. 05:03 AM | 3 Likes Like |Link to Comment
  • Junk Bond Millionaire [View article]
    I invest in junk for safety and income. My portfolios contain mostly high yield CEFs, during the worst of 2008 crisis, the value drop was 26%, ditto for varies accts holding different high yield CEFs, that 26% drop is far better than stocks. By early to mid 2011, all came back to original high positions, dropped during 2nd half 2011 Euro crisis, but again returned to top by now, the same has repeated many times in 10 years. The best part is all funds continue to pay dividends nonstop through the worst of time. You are correct, they have produced well over $1 million in income through the years.

    The down side is they don't go up much through the years, so there is no wild get-rich prospect, and they are very boring portfolios to look at with no household names, when it comes time to talk investment, I have nothing to say, "smart kids" laugh at what I have to say, "old guys" think I am crazy to consider junk as safety.

    I have no idea what is a put or how to short a stock, I do not have the attention span to read thru too much facts and details about investment, I manage portfolios mainly once or twice a year, mostly at X'mas when I am not at work and with nothing to do, I don't withdraw a penny, i.e., All I want is an investment I don't have to do anything that does not lose money, I am a perfect potential client for Bernie Madoff. But I actually (or accidentally) made over $1 million.
    Feb 2, 2012. 01:32 PM | 3 Likes Like |Link to Comment