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Topcat56

Topcat56
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AMZN, BP, COP, COST, CVX, DUK, EWA, FIW, GDP, GE, JOE, KO, MCF, O, PG, PIO, RDC, RDS.A, RKT, SO, TOT, XOM
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  • What To Do When You Can't Find Anything To Buy [View article]
    I'm comfortable being out of the market, last July I sold my three stocks (KO, PG, XOM) and this past January I sold the one mutual fund that I had, a conservative allocation fund. I retired in Oct 2011, but until July 2012 I was only getting a partial retirement payment of $554 per month, so I was dipping quite a bit into my emergency fund. And for tax year 2013 I had a big one-time tax bill, so in order to pay the taxes and restock my emergency money, I decided to sell the stocks and mutual fund. My retired pay is direct deposited into a credit union checking account that pays 2% on balances up to $25,000, so I leave a good bit of money in that account. I'm buying some I-Bonds, and I've opened an online savings account with Ally Bank. I-Bonds are for my long-term savings. The Ally account is for investing, but I'm not crazy about buying stocks when the market is at an all-time high. I have long had an interest in investing, and love to keep up with the market, so I do a lot of reading, and whenever I run across a stock, mutual fund, ETF, or other investing idea that is of interest, I make a note of it, but I'm in no hurry to pull the trigger on anything right now. Having said that, there are a couple of things that look pretty good to me. The Aberdeen Asia-Pacific Income Fund (FAX) looks like a good way to invest in Australian and Far East debt, I've followed this particular fund for a long time and it has a very good long-term record and a great management, and it looks like it is at a good price point. The other one is a long-time favorite of mine, good ol' Procter & Gamble. Selling for a couple of dollars less than when I sold it, and I think it is a fantastic long term stock. When I get back into it, I intend to hold it and pass it along as part of my estate. Dividend of over 3% and a long history of increasing dividends each year. Bottom line for me right now is simply to pile up the money. I've thrown out this quote before from one of my favorite economists, Woody Allen, who said "I've never been in a situation where having money made it worse."
    Jul 3 10:58 PM | 1 Like Like |Link to Comment
  • Hetty Green: The Grandmother Of Value Investing [View article]
    "When truth and legend collide. print the legend". Most folks know just enough about Hetty Green to get it wrong. I've read two biographies on her, and while she had some quirks, she wasn't the witch that she's been made out to be. Your summary is quite accurate, it's just not what folks want to hear, it's more fun to poke fun at her as the "Witch of Wall Street". There are some very good lessons to be learned from how she invested and lived her life. Her legacy as a miserable miser is both unfair and inaccurate.
    Jun 29 03:08 PM | 2 Likes Like |Link to Comment
  • What Would Benjamin Graham And John Neff Pay For Realty Income? [View article]
    Nice to see a mention of John Neff, one of the best in value investing, but probably unknown to most. I've been a big fan ever since investing in the Vanguard Windsor fund back in the early 1980's, when he was the fund manager. I also finally got around to reading his 1999 book, John Neff on Investing, which is a very worthwhile read. I think that as long as a person is buying this stock with a long-term perspective, now is not a bad time to start buying, ideally with the idea of making future purchases to dollar-cost average. Sure, it would be nice to get in at a lower price, but at the same time, you can miss out on a great long-term investment by holding out for that last dollar.
    Anyway, a good article, nice to have another viewpoint on this stock.
    Jun 15 01:10 PM | 5 Likes Like |Link to Comment
  • General Electric: The Best Investment Is Often The One You Don't Make [View article]
    I know this is late, and you will probably never see it, but thanks. Yeah, Argentina is another great country to have your ass handed to you.
    Jun 8 01:46 AM | Likes Like |Link to Comment
  • Unplanned Early Retirement, Part 5 - More Retirement Classics: Utilities [View article]
    What also concerns me is single-stock risk, as I said earlier, I'm a very small investor. While I have owned a few individual stocks in the past, through Computershare (XOM, KO, PG) I was comfortable owning just one stock in that particular market segment, as I had a good understanding of those market segments and those individual companies. But I just don't feel as confident picking one or two utility stocks. I don't seem to have a feel for that particular market segment, and I don't understand it as well as I should to be selecting individual stocks.
    Jun 8 01:44 AM | Likes Like |Link to Comment
  • What Would You Do With A Million Dollars? [View article]
    Well, everyone is different, but I would just add it to my only mutual fund of the moment, Schwab GNMA. As of close of business yesterday, it's yield was 2.70 percent, so we're looking at a pretty secure $27,000, and, in my opinion, without nearly the risk of buying stocks when they are at record levels. But that's just me.
    Jun 7 09:14 PM | Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    Yeah, Al Gore is a really credible guy. Shortly after moving into his large home in Tennessee a few years ago, someone from the local utility leaked the information that his home was using 20 times more energy that the local average. He did some retrofitting and went into spin control mode, and that was the end of that public relations problem...
    Jun 7 09:07 PM | Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    Or they could just invest in actual donuts, I've found them to be a wonderful alternative fuel source...
    Jun 7 09:03 PM | Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    "There will be oil..."
    Jun 7 09:00 PM | Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    I suspected as much when I retired and moved back to Delaware, and on the way to see my daughter in New Castle, there was a LUKEOIL gas station! Gads!
    Jun 7 08:59 PM | Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    I'm not smart enough to know who's really right about global warming, smart people are lining up on both sides of the issue. The earth has always had fluctuations in temperatures. I seem to recall that out of the top three or so of the hottest summers on record in the United States, two were back in the 1930's. There seems to be plenty of data around to support most any viewpoint, so this is all beyond me. It's not that I don't care. I just remember that back in the 1970's, lots of top scientists were worried about, and warning about, the imminent problem of global cooling, some of them even predicting an abrupt global climate shift to a significantly colder climate as early as the year 2000. Maybe they just had their data charts upside down...
    Jun 7 08:52 PM | 4 Likes Like |Link to Comment
  • Unplanned Early Retirement, Part 5 - More Retirement Classics: Utilities [View article]
    Good question, hope you get some replies. I'm thinking along the same lines, I like the idea of utilities in general, but I am leaning more towards a fund or ETF vs. individual utility stocks, and the Vanguard offering has been of interest to me. Also, I'm such a small investor that it would be hard for me to properly diversify if I purchased individual stocks.
    May 21 04:12 PM | 1 Like Like |Link to Comment
  • General Electric: The Best Investment Is Often The One You Don't Make [View article]
    Considering the socialistic tendency of the French government, along with the contempt it seems to have towards capitalism in general, I wouldn't want to buy a lemonade stand in France, much less a large company such as Alstrom.
    May 17 07:13 PM | 3 Likes Like |Link to Comment
  • 2 Quality Stocks With High Yields And Growing Dividends For Retirement Investing [View article]
    And if you eat a lot at MCD, you can just drive straight to an HCP facility. Talk about synergy!
    May 1 03:08 PM | 7 Likes Like |Link to Comment
  • The St. Joe Company: Special Situation With Potential Significant Capital Return [View article]
    I was thinking about how to respond to the article, but your post pretty much sums up my feelings about it (although I sure didn't know as much about it as you do). St. Joe reminds me of an emerging market that will always be emerging. Seems like good times are right around the corner, and have been for a number of years. I was born and raised in south Georgia, and I'm very familiar with the panhandle. Yeah, on paper land in the panhandle sounds like a good investment when you put the spin on it, but when you come down to it and actually see it, it is pretty much scruffy scrub pine land, and while they might not be making any more of it, yeah, there is still a whole bunch of it available. I have nothing against St. Joe, but to me, it's just holding a lot of mediocre acres that you can get as cheap or cheaper in many other places down south (and make no mistake about it, the panhandle is Deep South). Of course, different opinions are what makes markets, and I'm no expert, but my personal gut reaction, knowing the area, I personally have no inclination at all to invest in this stock.
    May 1 03:00 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
215 Comments
216 Likes