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Allamad

Allamad
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  • Duke Energy pleads guilty to coal ash violations [View news story]
    Their chief counsel actually pleaded "guilty" in a very low voice in court. River Keepers caught them red handed. I guess they figured the sleepy EPA would never notice.
    May 14, 2015. 10:32 PM | Likes Like |Link to Comment
  • Signs Of Spring In China? [View article]
    Individual Chinese are inveterate savers and all that money has to go somewhere. Ten to fifteen years ago it pored into Chinese stocks until the bubble burst. Then the herd went into real estate, before that went bust recently. Now it's going back into stocks. Over a million new stock accounts are being opened every week. I am enjoying the ride and am keeping my stop losses in place. Economic fundamentals have nothing to do with it.
    Mar 29, 2015. 03:07 PM | Likes Like |Link to Comment
  • Energy Department reportedly considering oil purchase [View news story]
    Because the Saudi's are a lot smarter than we are. That's why we're financing and fighting their war for them against Isis. Meanwhile every kid in Saudi Arabia gets a free college education to the school of their choosing with all expenses paid by foreign oil consumers.
    Mar 13, 2015. 11:52 PM | 1 Like Like |Link to Comment
  • Deutsche boosts creations for popular China A-shares ETF [View news story]
    I've done better the last three months in CNXT, which covers the small caps. ASHR has a lot of large, state owned enterprises.
    Mar 2, 2015. 06:40 PM | Likes Like |Link to Comment
  • The Roth Advantage No One Talks About [View article]
    Really depends on your retirement tax bracket. If your not going to get a pension, like many people today, a traditional IRA may be better since you get the tax savings and can invest that extra money you save in taxes. After you retire, if your RMD (plus non-taxable social security and other income) is less than the filing requirement for a married couple then you won't pay any taxes on the traditional IRA RMD withdrawals.

    The logistics for inherited IRA's can also get to be a nuisance, especially if you do what is called "stretching the IRAs". We inherited both Traditional and Roth IRA's from both my parents and my wife's parents. That means I have to keep separate 8 different Traditional and Roth IRA accounts (2 inherited Roth's, 2 inherited Traditional IRA's and our 4). Each has different RMD rules and I can never mingle the moneys. Since I probably won't get all the moneys out of each before I die, my daughter could end up having to keep track of 10 separate IRA's (6 inherited IRA's and the 4 she and her husband have).
    Feb 26, 2015. 12:34 AM | 2 Likes Like |Link to Comment
  • In Europe's 3-Way Poker Hand, Greek Weakness Is Actually Strength [View article]
    Over 60% of all Greeks don't pay any taxes and the median net worth of Greeks is higher than the median net worth of Germans. Doctors for years in Greece would report incomes of just under $12000 Euros (the cutoff amount for owing any taxes). All the Germans are asking is that Greeks actually pay something in to help support their government.
    Feb 9, 2015. 10:43 PM | Likes Like |Link to Comment
  • U.S., Russia, Saudi Arabia: Who Is Going To Win In The Oil Price Stand-Off? [View article]
    The Stone Age didn’t end because the world ran out of stones and the Oil Age won’t end because the world runs out of oil. Much of the oil in the ground today will never be used because it costs too much to extract it or it will be cheaper to reduce consumption or use alternative energy sources. The U.S. has spent over $3 trillion the last 20 years maintaining aircraft carrier task forces in the Middle East to protect the oil it gets from the region. This doesn’t make economic sense when it can become energy independent and move toward decarbonizing. Why should American taxpayers subsidize Middle Eastern governments that overcharge us for their oil anyway?
    Jan 7, 2015. 08:09 PM | 4 Likes Like |Link to Comment
  • Embrace Japan, It Is Nearly Here [View article]
    As Bill Gross said: "The more debt a country has, the slower it grows" and the U.S. is now the largest debtor nation in history. Meanwhile almost every other major developed nation is mired in massive debt also. These countries desperately need inflation to bail them out.
    Oct 14, 2014. 08:41 PM | 4 Likes Like |Link to Comment
  • What Inflation Means To You: Inside The Consumer Price Index [View article]
    Here are some real comparable prices from the year 2002 as reported by the Wall Street Journal that year:

    New Ford Taurus: $19,900
    Median single family home resale price: $157,800
    Unleaded gas: $1.39
    Hospital stay (one day): $3,349
    Movie ticket: $8
    Airline ticket (1000 mile flight): $108
    Year in college at Penn State with room and board: $16,958
    Tax preparation (H&R Block fed and state): $121
    Funeral: $6160
    Club Med vacation(one week): $1,010
    Pair of Gap jeans: $39.50
    Big Mac: $2.49
    Jul 22, 2014. 10:08 PM | 3 Likes Like |Link to Comment
  • Can You Retire On Less Than $1 Million? [View article]
    Many Americans "retirement nest egg" is the money they will inherit from their parents. This tends to be very uneven (very high for some, next to nothing for others). You do, however, have to factor it in when making long term assumptions. For the majority of age 55-64 Americans (not S A readers) this is all they have to rely on.
    Jan 17, 2014. 07:53 PM | 1 Like Like |Link to Comment
  • Gold's (GLD -0.9%) tumbled to new bear market lows in the last few minutes, now just a few dollars above $1,200 per ounce. When all else fails, check with the technicians - one isn't seeing support until the $1,150 area. [View news story]
    The anti-inflation crowd has been selling their gold and buying real estate. With real estate you get a steady income, plus you can deduct the mortgage interest, repairs and taxes. Until the real estate bubble pops, gold is unlikely to move much higher.
    Jun 27, 2013. 07:58 PM | Likes Like |Link to Comment
  • The Death Of Bonds Is Greatly Exaggerated [View article]
    If the 10 year goes to 4% (what it should be based on growth and inflation) the U.S. basically heads quickly for bankruptcy since it would have a hard time servicing it's enormous debt at that rate. The Fed will do everything in it's power to stop that from happening.
    Jun 13, 2013. 02:28 PM | 2 Likes Like |Link to Comment
  • Matthews Asia Strategic Income Fund (MAINX) - An Interesting Way To Diversify A Fixed Income Portfolio [View instapost]
    Thank you for the information. I too have been putting money in MAINX to get better exposure to Asian corporates. It has strongly outperformed both the EMCB and ECMB etfs since its inception.
    May 6, 2013. 12:29 AM | 1 Like Like |Link to Comment
  • 5 Tax Errors That Rob Your Portfolio Of Returns [View article]
    Keep in mind also that if you are in the 15% or lower tax bracket (taxable income less than $72,500 for a married couple after deductions and exemptions) you will owe nothing on your long term capital gains or qualified dividends. That part of the tax rules did not changed for 2013 for taxpayers in the lower brackets.
    Feb 19, 2013. 09:26 PM | 1 Like Like |Link to Comment
  • 5 Companies Profiting From The 'Fiscal Cliff' Resolution [View article]
    H & R Block also was a major winner from the fiscal cliff bill just passed. The extensions of the refundable education, child tax and earned income credits for several years to come is very positive for the stock. Taxpayers are much more likely to pay a preparer to do their return when they have thousands of dollars in potential refunds on the line. These low income, less educated beneficiaries of all this government largesse are H & R Block's bread and butter customers.
    Jan 6, 2013. 10:14 PM | Likes Like |Link to Comment
COMMENTS STATS
93 Comments
118 Likes