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kolpin

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  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    down the line, it will be interesting to measure the undervalued stocks' total return against the overvalued stocks.

    I hereby give that assignment to Mr. Carnevale! :-)
    Dec 19, 2014. 06:49 PM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    maybenot--you are now what we call accidentally brilliant.

    can anyone enlighten me--so now that I've converted $2k of BP from my Traditional IRA to my Roth, is there any tax rule that says i can't sell it 6 months from now? I'm not withdrawing the money from the Roth, just wanted to know if I could sell the BP and buy another stock with the cash.
    Dec 19, 2014. 06:16 PM | Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Izz--Just to be clear, I am speaking just about the very specific case of whether or not to withhold taxes from a Traditional IRA to a Roth conversion. Not about withholding in general or paying estimated taxes throughout the year in general.

    I am no tax guru, but I've always read that you should NOT withhold taxes from a Traditional IRA to a Roth conversion if you can help it, and instead pay the tax bill with non-IRA funds.

    if you pay the tax bill with IRA funds, you'll also owe tax on that too in addition to the funds you're moving to the Roth. double taxation, and it will reduce the conversion amount! And, if you're younger than 59 1/2, you'll also have to pay a 10% penalty on the money used to pay the tax bill. no thanks!

    Here are some of the sources I consulted which suggested NOT to withhold:
    http://on.mktw.net/16A...
    See #4


    http://nyti.ms/16AdkTq

    Please anyone correct me if I'm wrong or if you have info otherwise.
    Dec 19, 2014. 03:23 PM | Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    i had a choice to either:

    a) I elect not to have federal taxes withheld and continue my conversion online.
    or
    b) I elect to have federal taxes withheld.

    I chose a) so I'll pay in April, when I file for 2014.

    I chose A) because I want to pay any applicable federal and state taxes from my non-retirement accounts--since I don't want to reduce the amount that can grow tax-free.

    I'm not sure why one would choose B), unless you had to?
    Dec 19, 2014. 02:40 PM | 2 Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Aterosin--

    I remember seeing Eric's, Scott's, Mr. Fish's, Mr. Wells's 50 in this article, just scroll around a bit in the comments section:
    http://seekingalpha.co...

    I don't remember seeing Tim's or D. Crosetti's full 50 list, but I could be wrong.
    Dec 19, 2014. 02:31 PM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    txGolfer--if you rollover the 401K to an IRA, the answer is yes. if not, I don't what the answer is. you'll have to call and find out.
    Dec 19, 2014. 02:19 PM | Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    jmpd--I'm not Mike, but Fidelity will not make you sell your stock. and any broker you transfer your money to should not make you sell. if they do, choose another broker.
    Dec 19, 2014. 02:17 PM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    fidelity was easy-peasy, since all of my accounts are there (though they don't have to be).

    I went to this link: http://bit.ly/1w6AHIW

    converted it online, which took 2 minutes. you get the same day closing price if you convert before 9PM EST. so no sweet taking advantage of an intra-day drop, unfortunately. I simply chose the number of shares i wanted to convert for my in-kind distribution, and voila.

    you can can also mail in a form, but that would take much longer.

    http://bit.ly/1w6AHIY
    Dec 19, 2014. 01:34 PM | Likes Like |Link to Comment
  • 2014 Watch-List [View instapost]
    I also know very little about the inner workings of technology companies, but the same goes for me regarding companies in the industry, utility, and energy sectors too.

    but strangely, i feel comfortable investing in technology companies (not the Facebooks and Netflixes of the world) like Apple, Google, Microsoft. And I wonder, is there any generational divide between younger investors and old--as far as comfort level is concerned with investing in technology companies?

    chowder--I think your son is a couple of years younger than me, would he feel comfortable investing in Apple?
    Dec 19, 2014. 12:55 PM | Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Miguel/Mike--

    Dec 16th might've seemed like a market high at the time, but it was actually complete and utter brilliance (though accidental as it may have been)!

    Dec 17th was a major accumulation day--the first in 14 months! that's when up volume on the NYSE is at least 9 times larger than down volume--and that's bullish! it means the market is going higher!! so even though on the face of it, it seems like uh oh, the market is at all time highs--it means the market is going higher. (i feel like I'm chowder speaking here).

    when were the last 2 major accumulation days you ask? Oct 2013 and Jan 2013! both the start of nice little bullish runs! It doesn't mean that the market can't or won't ever pull back, but it doesn't hurt to add little technical tools such as these to our fundamental analyses.

    you couldn't have predicted that the 17th would be a major accumulation day on the 16th (although you would have known where the 100 day moving averages and the 32.8 fibonacci retracement levels), but once you see it occur on the 17th, you would know to pull the trigger on any stocks you were waiting to buy.
    Dec 19, 2014. 12:39 PM | 3 Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Mike--Once my accountant told me there was no minimum amount required to convert a position from a Trad Ira to a Roth, I happily move just a little chunk over every couple of years.

    I had always intended to wait for a bear market to convert a big chunk of my Trad Ira, but then I realized that the fall in energy stocks pretty much qualified as a mini-bear! BP is my only energy position in my Trad IRA, so I converted part of it over. Now i'll only have to pay taxes on the depressed amount as of the day I converted it over ($37 and change).

    that's what i call turning lemons into lemonade!
    Dec 19, 2014. 12:18 PM | 2 Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    david--fidelity tends to offer free trades and other goodies upon either opening an account with them or transferring in a new chunk of money.

    however, if i were you, I would definitely call them and ask. I'm almost 100% sure if you speak to someone, they'll throw some free trades your way. and if they won't give it to you, call back and talk to someone else. my rule of thumb is keep on trying til they give it to you.

    they're also great about extending the expiration dates and divvying up the free trades between accounts. (let's say 50 in your Trad IRA, 100 in your Roth, 50 in your taxable)

    I got 200 free trades 2 years ago which have now expired, and I fully intend on calling them next year and asking for more free trades. Why? to keep me as a loyal customer or I shall be very, very tempted to move my money elsewhere. :-)
    Dec 19, 2014. 11:56 AM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Mike--Fidelity's Dripping is a little weird. when you alter the option (reinvest or deposit to core), the change doesn't show up right away. so what i do if i'm on the cusp of missing the date, I call fidelity. i think one time I missed the date to change online, but i called fidelity and they were able to change the drip option on their end so I didn't miss it. the reps have powers that we investors don't!
    Dec 19, 2014. 11:51 AM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    mikelavigne--as I said above, call them and ask. these expiration dates are not set in stone.
    Dec 19, 2014. 11:47 AM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Mikelavigne---I was given 200 free trades when i transferred money over to Fidelity. they were supposed to expire within a year, but when I called them after a year to extend them, they gladly obliged and gave me another 6 months to use them up.

    moral of the story, call them to negotiate. if you don't reach someone who's generous, call them again.

    fidelity will also give free miles, etc. depending on the amount of money you transfer. here's a list of offers:

    http://bit.ly/1nF8F4z

    i'm tempted to call fidelity and ask for more free stuff for all my posts recommending them, lol!
    Dec 19, 2014. 11:46 AM | 6 Likes Like |Link to Comment
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