Why in the world am I going to sell perfectly good dividend paying stocks because someone long ago came up with this somewhat silly phrase. Where do I go to replace these dividends? In cash, in CD's, in Treasuries? I don't think so. I bought these things because I did my homework (do diligence) and I think what I bought is good to go. So for me it's keep what I got in May and use the divi's to add on dips.
After a valiant effort, Mayor Bloomberg has thrown in the towel and cancelled the New York City marathon this weekend because of disruptions caused by superstorm Sandy. City officials had held out hope that the event could still be pulled off, in a demonstration that the city was on the road to recovery. Unfortunately, the logistical nightmare proved to be more than even New Yorkers were equipped to handle on such a short timeline. [View news story]
"Valiant effort" how about we call it an assinine idea to try to allow a bunch of self-centered runners to prance through a city so decimated by this storm. Maybe if this bunch would stick around a lend a hand to some of those in need I would think better of them, but under the circumstances they can just jog their spandex asses somewhere else. I was never a Bloomberg fan (too much nanny, I know what's best for you in him) and this does nothing in the way of changing my mind about him. Three terms as mayor was two too many.
Why Investors Are Nervous About Altria's Future [View article]
Oh please, do you really think smokers give a tinkers damn about most of what you have aspoused? Me thinks not. MO just hit a new 52 week high. I must ask, "just what is it that you are smoking"?
Well Hedged, 8.79% Dividend Payer Vanguard Natural Resources Is Performing Well [View article]
I get so tired of hearing about the K-1's. Energy stocks and MLP's in particular are, in my humble opinion, one the best income investments you can have. K-1's are why tax accountants and tax programs were invented. Enjoy the distributions and the fact that we have these companies trying to make us energy independent regardless of the stupidity of our idiot politicians.
Don't Hit The Panic Button On Your MLP Holdings [View article]
Why in the world would someone invest in something they had no knowledge of? If that is your situation please stick with KO, PG, MCD, etc., or at least use a professional advisor. Oh, and don't forget nothing goes straight up, especially stocks. If you get nervous if a stock slides 8-10% and don't see that as a possible buying opportunity, you simply don't belong in the market.
16 Dividend Stocks That Aren't Just a Passing Fad [View article]
D4L, I have certainly become a fan of yours since finding Seeking Alpha about two years ago. I wish I had found you sooner. The one thing I enjoy as much as the artiles are the insightful comments that usually follow.
Obama and the Fed are "killing the real economy to save the banks," Chris Whalen asserts. By allowing banks to heal their wounds through low rates, they embrace a policy of deflation that has horrible consequences for all manner of savers - retirees, companies, non-profits, municipalities - in a "massive, reverse Robin Hood scheme." [View news story]
Hey, D_Virginia, you say "Politicians get, what, a few million in campaign contributions?" That just tells you what a cheap bunch of whores these politicians really are. It also completes what is my personal definition of a politician and that is simply that they are nothing more than "liars and whore."
MLPs -- Part 7: MLP Investor Taxation [View article]
My friend, if you have those kinds of assets with the various questions they raise it would seem to me that you would be willing to pony up a few dollars for competent tax advice.
Wow!!!!! After slowly reading through this article, and all of these outstanding comments, I think I'll just take two Excedrin and wash it down with a double Johnny Walker. Then I will continue to own the MLP's and other investment vehicles I think are worthy of my money, receive the distributions, divi's, etc. and let my accountant worry about the rest. The idiots in Washington be damned!!
Obuma will be in office for four more years. (God save us). But keep this in mind, after that he will be gone. Yes, the damage will have been done but during his second tenure, the lights have to be lit, drivers will still need gas to get to work, we will need ng to heat our homes, etc. Even this leftist, socialist, marxist cannot shut everything down. Keep the faith investors, we have lived through worse and have a tendency to come back. I live by a simple rule when confronted with adversity, and that is simply, "This too shall pass"
Sticking To Master Limited Partnerships Continues To Pay Off [View article]
I just had my income taxes done by my accountant. I have a number of MLP's in my IRA and I presented them to him during our conference. He politely handed them back to me and told me he wasn't interested in anything either good or bad that happened in my IRA. His theory is "anything that happens within an IRA has nothing to do with current taxes until, and only until, some type of distribution is taken from the account." Thinking about it, I tend to agree since you do not pay capital gain or take capital losses from IRA's. He is a former IRS fraud agent with years of experience who I happen to respect a great deal. He also said he is more than willing to go toe to toe with the IRS if something came up. He is rather fiesty and I love his attitude.
General Motors IPO: Baffled by the Negativity [View article]
The government (Obama) stepped in where they should not have been. The saving of GM was nothing more than a payback to the union millions that were spent to elect Obama. I held senior secured notes and got bupkus. The only way I can pay that back is to never agian buy a GM product.
The Facts Are In - MLPs Work Great In IRAs [View article]
Alan, enjoyed the article. I too own quite a few MLP's in my IRA and others in a regular account. I have never seen an investment that has generated more articles and comments when it comes to where these things should be held. My personal opinion is that a good investment should be held wherever you have the available funds to own it. I am not one to be overly concerned about taxes since it is hard as hell to avoid them but maybe just put them off for a while, hopefully until I'm dead, then the rest be damned.
It's Almost May, So Go Away [View article]
After a valiant effort, Mayor Bloomberg has thrown in the towel and cancelled the New York City marathon this weekend because of disruptions caused by superstorm Sandy. City officials had held out hope that the event could still be pulled off, in a demonstration that the city was on the road to recovery. Unfortunately, the logistical nightmare proved to be more than even New Yorkers were equipped to handle on such a short timeline. [View news story]
Why Investors Are Nervous About Altria's Future [View article]
Well Hedged, 8.79% Dividend Payer Vanguard Natural Resources Is Performing Well [View article]
Don't Hit The Panic Button On Your MLP Holdings [View article]
16 Dividend Stocks That Aren't Just a Passing Fad [View article]
Obama and the Fed are "killing the real economy to save the banks," Chris Whalen asserts. By allowing banks to heal their wounds through low rates, they embrace a policy of deflation that has horrible consequences for all manner of savers - retirees, companies, non-profits, municipalities - in a "massive, reverse Robin Hood scheme." [View news story]
That just tells you what a cheap bunch of whores these politicians really are.
It also completes what is my personal definition of a politician and that is simply that they are nothing more than "liars and whore."
MLPs -- Part 7: MLP Investor Taxation [View article]
Hello Taxes... Goodbye MLPs [View article]
MLPs Are Getting Crushed [View article]
Sticking To Master Limited Partnerships Continues To Pay Off [View article]
mREITs: Protect Your Investments if Debt Ceiling Unresolved [View article]
Telecoms' Dividend Yields [View article]
General Motors IPO: Baffled by the Negativity [View article]
The Facts Are In - MLPs Work Great In IRAs [View article]