Send Message
View as an RSS Feed
  • Retirement Strategy: You Want The Truth? You Can't Handle The Truth!  [View article]
    Ok, if you waved a magic wand and the military disappeared, how much would that save? Would it balance the budget? I sincerely doubt it. And where would all the people who work in that industry go to work? Im in the military and totally agree there is fat to cut, btw, but that goes for every department, I would think, right?
    Nov 28, 2012. 10:18 PM | 10 Likes Like |Link to Comment
  • Retirement Strategy: You Want The Truth? You Can't Handle The Truth!  [View article]
    When Main Street gets burned, Wall Street does well. For instance, everytime the UE rate goes up, the stock market goes up, ever notice that? Whats coming isnt bad for Wall Street, its bad for Main Street, imo. I think what people fail to see here isnt the tax issues, but the spending issues, particularly entitlements. They can raise taxes, cut the military to the bone, and still not address the core issues that are bankrupting our country. The American people are not ready to address Medicare, SS and other benefits, and until they are, everything else is just so much fluff. The real problem for us, all of us, is when the country truly goes bankrupt, if that ever happens, it wont matter where you have your money invested. I am hopeful these problems get addressed, but unless I hear some entitlement reform mentioned in all these press reports, I will know everything they are saying is just so much hogwash. Otoh, I could be totally wrong, and the powers that be are able to work some magic. I would be happy to be wrong, I can promise you that.
    Nov 28, 2012. 10:13 PM | 3 Likes Like |Link to Comment
  • Waiting For Fiscal Cliff Fallout Isn't 'Market Timing'  [View article]
    Waiting until after the election to invest is something I wish I did. That isnt market timing, its just good judgement. I believe our wonderful politicians will avoid the cliff, but only with a deal that doesnt really address the true problems. It will look good to the public and maybe the market, but thats it.
    Nov 23, 2012. 05:09 AM | 2 Likes Like |Link to Comment
  • Norfolk Southern: Not A Buying Opportunity  [View article]
    Good article. Very reasoned, even handed approach. I know nothing about RR stocks I must admit, except they seem reliant on coal shipments. But if coal is being replaced over time by natural gas, how does that gas get to market? Wont some of the RRs coal loss be made up for by more natural gas traffic?
    Nov 22, 2012. 12:15 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Dividend Investing After Saving Is The Magic Formula  [View article]
    Basically, we all need to learn to spend less than we make each week, and save/invest the rest. If it becomes a lifelong habit, it should carry over into retirement, making it much more likely we wont outlive our funds. As for the government, I agree it creates nothing, but it has grown so large now, it has an outsized effect on the conditions of our economy now. I give all young people the same advice:
    Get a government job!!
    Nov 21, 2012. 11:12 AM | 1 Like Like |Link to Comment
  • President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," declares Wilbur Ross. There's no trade-off there, it's just the president saying give me what I want, and I'll agree to talk about the rest later. What's being obscured by Washington is that the fiscal cliff issue isn't about taxes and revenue, but that our country is spending way too much. “You can't solve the bulk of the problem with revenues," Ross says. "It’s not going to happen.”  [View news story]
    Everyone will take a hit. Not just Rs. I say let it happen. I think it would be smarter politically to just let the President get what he wants, whatever that is. He won, so to the victor go the spoils, as they say. Allow him to own this economy, at last, and give him no easy scapegoats to blame again. If it tanks, he gets the blame. If it soars, more power to him. Life will go on in 2016.
    Nov 16, 2012. 12:12 AM | 2 Likes Like |Link to Comment
  • Altria Will Slash Its 6% Dividend And Here's The Reason Why  [View article]
    What happens after 10 years and the obligation to the Government is over? They will come back looking for more money, you can bank on that!! But I am still in favor of holding or even buying MO. I like the stock. I just am not sure the Goverment will live up to its side of the bargain here when the 10 years expires.
    Nov 15, 2012. 11:59 PM | 1 Like Like |Link to Comment
  • Altria Will Slash Its 6% Dividend And Here's The Reason Why  [View article]
    MO's historical yearly performance versus the S&P 500 shows just how much of a powerhouse the stock is. Since 1981, MO has averaged a yearly gain (not including dividends) of 18.54%, while the S&P 500 has averaged a gain of 8.77%. In the 23 years that the S&P 500 has been up for the year, MO has outperformed the index 20 times. In the 9 years that the S&P 500 has been down, MO has outperformed the index all 9 times.

    This is from a 2010 report, so its a little outdated. Here is Altria's homepage for anyone interested in reading them. http://bit.ly/I2Visv

    Altria is closing in on its 52 week lo. I will probably be forced to buy more if it does get there. The report I cited above calls it a powerhouse for a very good reason I think in view of its past history. But we all know there are no guarantees. However, this is a company that has returned ALOT of value to its shareholders, so I will wait and see how things play out.
    Nov 15, 2012. 07:37 PM | 2 Likes Like |Link to Comment
  • Fiscal Cliff: The Can-Kick Scenario  [View article]
    . No recessions for thirteen years. The CBO is essentially projecting thirteen consecutive years of economic growth between 2009 and 2022.


    As the EU is already in a recession, does that impact the CBO's rosy forecast any?
    Nov 15, 2012. 06:12 PM | 1 Like Like |Link to Comment
  • Fiscal Cliff: The Can-Kick Scenario  [View article]
    I agree with Guardian there is a psychological effect economists may not be taking into account. People are more conscious of being careful of their gas expenses. I try to do all my errands on one trip.
    Nov 15, 2012. 06:07 PM | 2 Likes Like |Link to Comment
  • Fiscal Cliff: The Can-Kick Scenario  [View article]
    Might I suggest moving closer to work? Spend less money=more in your own pocket. Less taxes paid to our greedy governments. Plus its just good for the environment.
    Nov 15, 2012. 06:05 PM | 2 Likes Like |Link to Comment
  • Fiscal Cliff: The Can-Kick Scenario  [View article]
    Historically, the party out of power picks up seats in off year elections. If the President couldnt help the Dems pick up enough seats to win the House I doubt they would pick it up in an off year election.
    Nov 15, 2012. 06:01 PM | 1 Like Like |Link to Comment
  • Fiscal Cliff: The Can-Kick Scenario  [View article]
    I beg to differ on the defense cuts, as a member of the Guard, I already see our units and leadership preparing for these cuts.
    Here is a GOP Senator already proposing cuts. I must add, there is room to make cuts to the Defense spending, I am not saying there should be no cuts. I suspect there will be a bogus fiscal cliff deal that wont really address the nations problems, but that bogus deal will still sting the military.
    Nov 15, 2012. 05:55 PM | 1 Like Like |Link to Comment
  • 3 Reasons Not To Flee Dividend Stocks  [View article]
    Utilites have had nice runups, so for that reason alone they are vulnerable to price declines, but with the dividend tax increase, and possible rising interest rates in the future, thats two more reasons they might fall a bit...however, if you buy dividends for the income, they are still good buys, IMO, especially because no matter how hard the economy falls, people and businesses will still need electricity. I will happily keep buying as they come down. However, if you have a short term view, then stay away for now.
    Nov 14, 2012. 05:28 PM | 9 Likes Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time?  [View article]
    I agree, both on a personal level and national level, we are a nation of consumers, not producers. That will end eventually, regardless of who is in charge. Our standard of living has been declining for sometime, at least judging by the falling incomes of most Americans.
    Nov 13, 2012. 03:29 PM | Likes Like |Link to Comment