Boubou

Some Graham and Dodd Type Thoughts on Stocks vs. Bonds

I like this article and tend to believe it. My investment era stretches from the year 2000 to my retirement just lately. During that time no equity situation managed by the gods of fund management did any good. The same applies if you take a 2 decade view also. If you add in inflation and currency losses it was more than a disaster.
Fortunately I decided to sell all the funds and buy my own dividend stocks and and more than my share of bonds and preferreds.
So I no longer have to watch hotshots spending all my profits on futile acquisitions ,giant bonuses, and fees, and I can pay the bills.

Corporate Bonds Haven’t Been This Cheap Since 1932

'People are idiots' but on the other hand full-time lifelong gurus generally do no better than 50% right also. Same goes for mutual funds, pension funds etc, and all these guys we can assume can read the books.
Face it, its random, and all the rest is window dressing for an industry that want some of your money.


On Dec 16 08:18 AM Equity Has No Clue wrote:

> People are idiots.
>
> They trade stocks but do not understand how to analyze across a company's
> capital structure and where the most attractive investment is from
> a risk/reward standpoint.
>
> They look at a chart. That's about it.

Bye-Bye Dividends

On Nov 03 09:56 AM prairiedog555 wrote:

> I am a retiree and live off dividends, I cannot imagine anyone with
> dividend paying assets even considering a vote for Mr. Obama. Or
> anyone who has studied any of the prior recessions consider voting
> for him at this time. His idea of raising tax's now will be a disaster.
>
> Do people not think?

I don't agree, although I am retired. When voting you must take into consideration the plight of the majority, who don't enjoy dividends and interest as a form of unearned income. Your taxes are doing good for others. Is this un-american?