Retirement Strategy: You Want The Truth? You Can't Handle The Truth! [View article]
Hey Dee, Love the posting. I have been listening to Dave Ramsey for about 14 years now and am living in a modest-yet-paid-for home on 5 acres, working part-time in healthcare (I am a nurse) and managing my $500,000 portfolio in my spare time. I love listening to the program and I hear all these people who are making fat 6 figure incomes and have 50-100k in credit card debt, 2 and 3 mortgages on their homes, can't figure out why they hate one another and their kids have no motivation in life. I have been working since I was 14 (will soon be 57) and paying into Social Security all these years. My blood boils when I hear the word "entitlements" used to refer to my social security and am faced with the politicians' suggestions of extending the retirement age out past my life expectancy. In the mean time I continue to reinvest the $700 per month my dividend-paying stocks throw off and am putting 10% of my pay into my 403(b) while the hospital puts in another 6%. All that and my gardening spells SECURITY.
Retirement Strategy: You Want The Truth? You Can't Handle The Truth! [View article]
The moderators on CNBC (especially Joe Kernan, Michele Caruso-Cabrera, Rick Santelli, and the crypt-keeper Larry Kulow) must make a huge amount of money because they get so downright hostile at the idea of tax rates going back to where they were 11 years ago. What I don't get is the smoke and mirrors act where Congress agrees to lower tax rates for everyone, particularly the wealthy, for ten years to stimulate the economy and help create jobs. Then, after 10 years elapse and the tax rates are to return to previous levels they characterize it as a tax hike. And now CNBC says that if we go over the fiscal cliff, some 90% of households will see an increase in their taxes. The truth is my medical spending account was halved for next year, cliff or no cliff. The tax raise, which I expect, will be the additional 2% FICA tax which I have had a break from these past two years. I accept this, but I don't call it raising my taxes, any more than when steak is on sale until Wednesday and then the sale goes off and steak rises back to the regular price I don't call that steak going up 20% in price.
Comparing The Performance Of 3 U.S. Super Banks [View article]
I like BAC, but I should as I have made a boatload of money trading it these past 3+ years. Actually, BAC traded below $3 in on 2/16/09. I know because I bought 5000 shares of it at $2.70 on that date, selling it at $17.45 on 3/22/10. Bought 15,000 shares on 12/21/11 for $5.22 and am still holding it. Currently valued at over 148,000, the share price should rise to $15 within the next year, to make my stock worth over $225,000. Not bad for a $14,000 investment, I'd say.
2 Ways To Invest In Rare Earth Metals [View article]
Rare Element Resources (REE) is my personal favorite, although I also own shares in Quest Rare Mineral (QRM) located in Canada, Tasman (TAS) located in Scandinavia, and Molycorp (MCP) located in California. The reasons I like REE best are because: #1:The exploratory holes drilled demonstrate high concentrations of the "heavy" rare earths in high demand for industrial uses as well as moderate concentrations of gold. I believe that the gold will help pay the costs of the mining and make the process more profitable. #2. They are located in Wyoming, so the risk of political upheaval is extremely limited compared to many foreign countries. #3. The government is becoming more aware of the need for a domestic supply of commodities essential for military purposes and may require defense industries to purchase their supplies domestically. Molycorp, located in California, has mostly "light" rare earths, which are not as useful in as many applications as the heavy ones are.
8 Sectors And Dow April Dividend Dog Report [View article]
Respectfully, your math is wrong on at least one company, General Electric, which has a dividend of $0.17 per quarter, or $0.68 per year, not $0.74 as you state.
General Electric's New $6 Billion Gas Project Will Boost Your Portfolio [View article]
Income Seeker, I don't understand how you can choose Chesapeake over GE. GE is a conglomerate with its fingers in a variety of pies. To suggest that Immelt has attempted to bankrupt GE is ridiculous. Personally, I have made a lot of money on GE stock over the last 4 years. I currently hold about 5500 shares. Back in the dark days of early 2009I bought 1000 shares at eight dollars, and then another 2000 at six. I have held these shares since, reinvesting the dividends. In November 2011 I bought 2000 more shares at $14.50. My basis on my purchased shares is now $9.80. A week later the dividend was raised to $0.17 quarterly. My shares are currently returning 6.94%, based on my $49000 invested. And the dividend is very likely to be raised again (the fourth time since Feb 2009). Pretty good income huh Income Seeker?
Retirement Strategy: You Want The Truth? You Can't Handle The Truth! [View article]
Retirement Strategy: You Want The Truth? You Can't Handle The Truth! [View article]
Have you price cat food lately?
Retirement Strategy: You Want The Truth? You Can't Handle The Truth! [View article]
Love the posting. I have been listening to Dave Ramsey for about 14 years now and am living in a modest-yet-paid-for home on 5 acres, working part-time in healthcare (I am a nurse) and managing my $500,000 portfolio in my spare time. I love listening to the program and I hear all these people who are making fat 6 figure incomes and have 50-100k in credit card debt, 2 and 3 mortgages on their homes, can't figure out why they hate one another and their kids have no motivation in life. I have been working since I was 14 (will soon be 57) and paying into Social Security all these years. My blood boils when I hear the word "entitlements" used to refer to my social security and am faced with the politicians' suggestions of extending the retirement age out past my life expectancy. In the mean time I continue to reinvest the $700 per month my dividend-paying stocks throw off and am putting 10% of my pay into my 403(b) while the hospital puts in another 6%. All that and my gardening spells SECURITY.
Retirement Strategy: You Want The Truth? You Can't Handle The Truth! [View article]
Comparing The Performance Of 3 U.S. Super Banks [View article]
2 Ways To Invest In Rare Earth Metals [View article]
#1:The exploratory holes drilled demonstrate high concentrations of the "heavy" rare earths in high demand for industrial uses as well as moderate concentrations of gold. I believe that the gold will help pay the costs of the mining and make the process more profitable.
#2. They are located in Wyoming, so the risk of political upheaval is extremely limited compared to many foreign countries.
#3. The government is becoming more aware of the need for a domestic supply of commodities essential for military purposes and may require defense industries to purchase their supplies domestically. Molycorp, located in California, has mostly "light" rare earths, which are not as useful in as many applications as the heavy ones are.
8 Sectors And Dow April Dividend Dog Report [View article]
General Electric's New $6 Billion Gas Project Will Boost Your Portfolio [View article]
I don't understand how you can choose Chesapeake over GE. GE is a conglomerate with its fingers in a variety of pies. To suggest that Immelt has attempted to bankrupt GE is ridiculous. Personally, I have made a lot of money on GE stock over the last 4 years. I currently hold about 5500 shares. Back in the dark days of early 2009I bought 1000 shares at eight dollars, and then another 2000 at six. I have held these shares since, reinvesting the dividends. In November 2011 I bought 2000 more shares at $14.50. My basis on my purchased shares is now $9.80. A week later the dividend was raised to $0.17 quarterly. My shares are currently returning 6.94%, based on my $49000 invested. And the dividend is very likely to be raised again (the fourth time since Feb 2009). Pretty good income huh Income Seeker?