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Mercy Jimenez

Mercy Jimenez
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  • QuickChat #273, August 15 2014 [View instapost]
    Thx TB.
    mj
    Aug 22 07:07 AM | 2 Likes Like |Link to Comment
  • QuickChat #273, August 15 2014 [View instapost]
    TB -- question -- do you no longer stick to your longer term "sock drawer" investments? I'm just interested in your perspective which I respect.
    thx,
    mj
    Aug 21 01:54 PM | 2 Likes Like |Link to Comment
  • QuickChat #273, August 15 2014 [View instapost]
    mds -- excellent article thanks for sharing. Short term I largely agree with the author -- especially because the Fed has said they will reinvest maturing bond proceeds. Volatility may grow near term, but my strategy of staying invested in discounted high yielding CEFs (bonds/preferreds/equity and domestic/foreign) along with selective ETFs and a few individual stocks feels right at the moment. Of course if the Fed changes its messaging all bets are off.
    mj
    Aug 21 01:20 PM | 3 Likes Like |Link to Comment
  • EOG Resources: Time To Start Accumulating [View article]
    Joe,
    you may want to take a look at (NYSEARCA:IYE) iShares U.S. Energy ETF http://bit.ly/1nb7NUP
    mj
    Aug 20 04:22 PM | Likes Like |Link to Comment
  • QuickChat #273, August 15 2014 [View instapost]
    dg, I think the risk you describe is very real. It is the reason I place such a high premium on volume liquidity for any shares I trade or invest in. In a "fire" I may still get burned, but at least I've improved the odds of squeezing out the exit door.
    mj
    Aug 19 04:13 PM | 5 Likes Like |Link to Comment
  • QuickChat #273, August 15 2014 [View instapost]
    Yes, WT, and Mohamed El-Erian notes in this piece why we should care about Jackson Hole. I think the music keeps playing for a while longer IF the central banks keep manipulating in unison. But, a divergence of policies could shut down the party earlier than we think.
    http://bv.ms/1rU0Ha1
    mj
    Aug 19 03:20 PM | 4 Likes Like |Link to Comment
  • QuickChat #273, August 15 2014 [View instapost]
    Thanks, WT. The music is still playing loud for me. We'll see if Ms. Yellen turns down the volume with her Labor Market speech this week.
    mj
    Aug 19 02:59 PM | 4 Likes Like |Link to Comment
  • Petroleum Geo Services: Bad First Half-Year Gives Ideal Opportunity For Buying [View article]
    Christoph thanks for your article. I think sdk is right to question whether the industry can absorb available seismic service capacity globally.

    I have invested in the past in both PGS and TGS Nopec directly on the Oslo Bors, but currently do not hold a position in either. When I started observing big oil players cooperating to fund joint seismic studies (to save on cost per study) I realized that margins were likely going to suffer in the seismic space. I also dislike seeing players like TGS propping up its pps with seemingly endless buybacks.

    I still trade PGS when the price action cooperates, but I am not investing in it for the long term at the moment.
    mj

    P.S. Readers should also be warned that on the US exchanges (OTC:PGEJF) is highly illiquid.
    Aug 19 12:29 PM | Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator June 7, 2014 To August 16, 2014 [View instapost]
    Hey Doc, I've done business in all corners of Brazil, but never traveled on the Amazon River -- sounds like you had a terrific trip. Como está o seu português agora?
    mj
    Aug 18 03:17 PM | 3 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    WT,

    My understanding is similar although the key number to track (if one is so inclined) is the $1,000 figure cited below:

    "Check for unrelated business taxable income, or UBTI. Generally, the only time you have to report the income from your K-1 in an IRA is when your investment generates an excess of UBTI. Unrelated business taxable income is generated when an IRA invests with direct ownership in an income-producing investment, particularly in investments that are leveraged. While the laws surrounding UBTI are complicated, and often require the assistance of a tax adviser, the amount of any UBTI that your IRA has generated will be shown on your K-1. Look at section 20, "Other Information," on your K-1. If there is an entry listed next to the code V, this is your UBTI. Fortunately, UBTI must only be reported if this figure exceeds $1,000."

    Read more: How to Report a K-1 on an IRA Account | eHow.com from the link:

    http://bit.ly/1qcjb3J

    http://bit.ly/1qcjds6

    I am not a CPA so consulting a tax professional is advisable. And even then, a second opinion may be needed because not all advisors are created equal in their knowledge of this space.
    mj
    Aug 15 09:54 AM | 4 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    That's absolutely right, ungawah. Reel Ken is one of the best authors on a very complex tax topic, and that article was excellent. 1099's are definitely my favored course.
    mj
    Aug 15 08:36 AM | 4 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    Agree, FPA I now try to avoid all K-1 reporting structures. Maya is a much better player/taxpayer than I am. :-)) I have had in the past a delayed delivery of a K-1 and the headache of filing amended returns when you have lots of trading and international transactions -- is simply not worth it for me personally.
    mj
    Aug 14 04:32 PM | 6 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    I still don't smell rising rates in the air any time soon. SA Breaking News summarizes just a few of the reasons why demand for Tbonds at these low rates are likely to persist longer than most expect:

    SA:
    "As long-term Treasury yields continue to confound those certain they must rise, consider how 2.44% on the U.S. 10-year looks to a German investor: Luscious.

    1) The gap between 10-year benchmark yields in the U.S. and Germany has risen to about 138 basis points, the largest since 1999. As recently as 2008, U.S. yields were 90 basis points below those in Germany.

    2) Moving to the periphery, U.S. yields are just 20 basis points lower than Spain's vs. a 10-year average of 106 bps.

    3) The U.S. 10-year yield is flat today at 2.44% - its lowest in more than a year."

    mj
    Aug 12 03:59 PM | 4 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    Great perspective FPA, thank you. I, too, "am going to sit on my hands." Like you I am no longer playing the "consistently diluting "sock drawer" investments with promises of untold rich’s." IMO (NASDAQ:CPST) leaves a lot to be desired in the management quality space. My position is small and not far from breakeven, but I have no plans to accumulate either until I see a healthy management change. And if that change does not materialize soon, I will not waste a lot of time sitting on this one.
    mj
    Aug 12 11:45 AM | 5 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    Way to go "yours truly!"
    mj
    Aug 11 12:39 PM | 2 Likes Like |Link to Comment
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