stink726

Cramer's Mad Money - You Can Buy Pretty Much Everything (11/16/09)

In fairness to Cramer, I don't think investors should follow blindly what any advisor says. Best is to listen and take the part of his advice which best suited to your individual situation. In other words, listen but make your own decisions. In Cramers defense, last Oct and Nov he was saying to buy "accidental high yielders". That advice fitted with my [mostly] long term holding strategy and I did well.

I do not actively trade but I understand that there are those who have often been hurt by Cramers advice, while others have made profits from his advice.

Dividend Progress Report: October 2009

I read today that the House health care bill passed this past Saturday was written to apply the 5.4% surcharge tax to modified adjusted gross income, which includes capital gains and dividends. So dividend income after 2010 will be taxed at ones regular income tax rate plus 5.4%. I wonder if this will be bad for dividend paying stocks?