dblegl

Cramer Also Believes Cramer Has a Branding Problem

And I thought I was the only one who believes that Cramer is a consummate fool. Can you imagine yourself looking for a financial advisor and walking into HIS office. I am sure after witnessing the chair throwing, horn sounding, bell ringing, squealing and frothing at the mouth you would be only too happy at entrusting him with your entire portfolio.
His only genius is getting the business world to believe he actually is capable and paying him extremely well for his gibberish. Louis Rukeyser must be spinning in his grave.
If he is the best of the financial world then God help us all!

8 High-Yielding Stocks for Income Investors

I frequently invest in preferrred stocks and RGM is a good buy depending on the confidence you have in GM. The call date of the stock has passed and GM is not going to call it right now and pay $25 per share when it is at $15.80 in the market. Both Moodys and S&P rate this stock in the non-investment category. Since the yield is about 20% it is worth a try to me. Preferreds get paid before commons and I do believe GM will be around for awhile.


On Mar 25 10:57 AM djbtz wrote:

> Does anyone have any advice on rgm, general motors preferred stock.
> It looks like it pays a very nice dividend and the price looks good.
> Not sure the auto industry is a good bet right now, but like the
> dividend and price. Thanks in advance for any advice.

8 High-Yielding Stocks for Income Investors

As I understand it if you buy them in a regular trading account you will have Canada deduct 15% of dividends paid but get credit for the deduction when you complete your USA tax return. If you buy them in an IRA, Canada still deducts their 15% and you can never get the credit on your US tax return. When you eventually draw on your IRA you pay Uncle Sam at your tax rate. The only advantage in an IRA is that you defer the US taxes until you ultimately take a distribution. Its your call depending on where your buying funds are located. I personally buy them in an IRA as it may be 5 years before I take a distribution.


On Apr 16 12:54 PM User 179157 wrote:

> Sorry but I'm still confused with the tax issue. Should I buy them
> for my regular trading account or the IRA. I'm leaning towards PWE,
> ERF and HTE.