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GotLife

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  • Covered Calls For Income Can Cost Dearly In Long-Term Gains [View article]
    Good comment. Assumption made by long-term hold investors is that you have made money if the equity price rises. My personal strategy is to only measure income when I have received a dividend, recorded option income or closed a position. Similar to my view on real estate. You only "lost" or "made" money on the property when you receive income or sell. All other views record "net worth", which as we have seen both in the market and real estate moves both up and down, sometimes dramatically.
    Sep 28, 2012. 09:08 AM | 1 Like Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    An update to Gaia - The author/creator of the concept recently came out and declared it total hogwash. End of theory.

    Wanted to thank you for writing these articles and responding with facts. With a career in engineering and business in a California high-tech company, I absolutely love high tech and my toys. But it has always been my observation people make decisions on feelings first then try to rationalize later. Unfortunately, their rationalizations most often lack facts and data because they are "belief systems", not the product of clear critical thinking. My investing has also operated on those observations as well.

    By the way, this discussion has stimulated my thinking on the Volt, especially after seeing one in the lot at Home Depot yesterday. Very cool. Thinking it might be an ultimate high-tech toy, especially sitting next to my F-150 Supercrew cab with its 5.4L V-8. But alas,the Volt will never sound that cool. Maybe, I could rig up my iPhone to pick up the Volt rear end RPM and simulate artificial V-8 rumble through the sound system to a speaker under the hood... Ahh, emotion...
    Sep 22, 2012. 09:07 AM | 3 Likes Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    "Normal driving?" Could we assume a distribution curve, segmented into markets of varying characteristics, such as distance traveled, load capacity, frequency of use, variety of tasks, price, etc.? The way Americans use their cars is uniquely individual so I am reluctant to assume your situation is "normal" although note, neither am I considering you abnormal.

    The other unknown perhaps might be the unintended consequence. As the automobile became ever more reliable and convenient, cities expanded into suburbs. Might EV sales lose their green color if ever more farm fields become heat absorbing blacktop, with ever increasing commutes?
    Sep 21, 2012. 03:27 PM | Likes Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    Above was response to vmirage
    Sep 21, 2012. 02:52 PM | Likes Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    Electric vehicles are without consequence to Mother Earth? They use no plastics, steel or energy in their construction? Do they ride on frictionless, no wear tires? The energy source they consume, is it limitless, universally available, containing no carbon and without emissions?

    I would love to see your convincing data about your new fossil free EV.
    Sep 21, 2012. 02:45 PM | 4 Likes Like |Link to Comment
  • Plug Your Nose And Buy Hewlett-Packard? [View article]
    The founders relied on Pay As You Go, or no long term debt, but their fiscal policy was considered an anachronism after their death, the quaint fear of depression era children. However, without their strident fiscal discipline, bankers loaned freely and bad decisions were made, repeatedly.

    Another of their beliefs was to continuously enter new markets and either dominate or exit when margins became squeezed. This is so remote from the current HPQ strategy that it makes HPQ unrecognizable from the old HWP. HPQ has also struggled over the last 15 years on focus, believing you can be all things to all customers despite the realities in the tech world around you.

    Want to buy HWP? Closest company I have seen loyal to Hewlett and Packard's business and technology management beliefs is AAPL. Steve Jobs started at HWP and studied the founders intently. He was all about focus, discipline, high expectations and margins. Can't help but wonder if his successors can avoid the shortcomings displayed at HPQ, post Dave and Bill.

    May they all RIP.
    Sep 14, 2012. 11:47 AM | 1 Like Like |Link to Comment
  • Plug Your Nose And Buy Hewlett-Packard? [View article]
    Is'nt there an app for that? ;)
    Sep 14, 2012. 11:25 AM | Likes Like |Link to Comment
  • Retirement Strategy: Let's Make Some Money For The Holidays With Options [View article]
    Thanks RS for a great article and advice. I've been using this strategy for several years now and decided to carefully monitor my performance to ensure my annual returns stay on track by developing and updating a spreadsheet on a monthly basis at the minimum.

    The first decision was to track income only when cash was a result. In other words, it matters little if the security moves up or down if you haven't executed a sale with a cash result. A comparable would be the "money" everyone made in their home. If they didn't sell before the real estate crash, they made zero. If they didn't sell after the crash, they lost zero. I treat my securities the same way and look at three sources of real cash income, dividends, option income and trade income. The latter is usually and almost exclusively the result of assignment. In terms of income, the majority has come from options, next dividends and the least from "trades."

    The result over the last three years has netted me 15-17% annually. I do watch my net asset value on an annual basis and that has been relatively flat, up some years and down slightly in others. I do agree that this strategy requires attention. For myself, that is the "fun" of investing. For those that desire a hands off, zero participation investment activity, I would stick with pure dividend investing and the lower but still substantial returns it offers.
    Sep 13, 2012. 09:17 AM | 1 Like Like |Link to Comment
  • Exelon: Out Of Favor, But For Your Portfolio? [View article]
    Hmmm. Careful with Morningstar. I began a ride down a slope with BAC, C and WAMU in 2007. Their fair value estimates always seemed rationalized around current price. Fortunately, I lightened up anyway but still took somewhat of a hit.

    They certainly never saw the current prices of C and BAC or the disappearance of WAMU in their projections. Not sure their analysts are any better than a lot of the work I witness on SA, Yahoo or Fidelity so I no longer subscribe.
    Aug 30, 2012. 10:59 AM | Likes Like |Link to Comment
  • Why Equities Will Not Drop By 25% [View article]
    Good job getting out of India. Isn't it more like crony communism in India? And, it sounds as if you have done extremely well in the capitalist environments of the US and now Canada, probably placing you in that OWS hated 1%.

    Is your hypothesis France's socialism equates to less cronyism or greater honesty in the financial markets? Personal experience and news articles leads me to believe the opposite. But if you have proof I would enjoy the read.

    Isn't France more the size of Texas, California or Canada? Those might be better comparisons.
    Aug 25, 2012. 07:24 AM | 1 Like Like |Link to Comment
  • Plug Your Nose And Buy Hewlett-Packard? [View article]
    My 35 years at HP confirms you hit the nail squarely on the head. Sold my stock @ its peak of 130 and never regretted the decision.

    Carly was a disaster for HP on many fronts. The heart and soul of HP was gone a decade ago and another commentator's comparison to Motorola is a stark future possibility.
    Aug 24, 2012. 09:52 AM | 3 Likes Like |Link to Comment
  • Why Equities Will Not Drop By 25% [View article]
    Russian Bear writes on Aug 9 04:25 PM,

    "Capitalism will be kaput in no time if our "conservatives" have their way about the "entitlements." "Leftists" are our last hope to save it. The blindness of our propertied classes is appalling and historically is a sign of their coming doom."
    Aug 9 04:25 PM

    Tell me Comrade, are you writing this from a Russian apartment in Minsk?
    Aug 23, 2012. 09:57 PM | 1 Like Like |Link to Comment
  • Why Equities Will Not Drop By 25% [View article]
    A little research can answer your question. I feel no need to educate.
    Aug 23, 2012. 10:33 AM | 1 Like Like |Link to Comment
  • Why Equities Will Not Drop By 25% [View article]
    It seems convenient this morning to blame the 1%. While OWS demands the government off their heads, the rest merely want their wallets severed. How this would lead to increased investment capital or higher long term wealth creation for all remains unanswered.

    Many of the issues faced in the US today are caused by massive technology and social changes. Not wanting to write a treatise or article on the subject, I encourage SA readers to use their own powers of observation to witness confirmation in the world directly around them.

    Take any occupation in productive, competitive industries, be they accounting, line worker, warehousing, etc., and a mere fraction of workers is required compared to those of twenty years ago. This was already building in the 90's but the build out in the internet and software has accelerated the process. Personal experience has shown that productive plants that once operated with 500 workers now operate with thirty. They are not coming back in the US. Interestingly, many of the older plants and machines have been sold off-shore where lower labor rates and regulation keep some operating profitably. But even there, automation and computerization relegates many "manufacturing jobs" to packaging.

    Social mores have also changed. Many in generation X and Y delay household formation drastically. More affluent parents accept remaining home for much longer periods. Sexual freedoms have allowed females greater social acceptance of non-household forming behaviors. Affluent parents help fund expensive and long term education activities, many with impossible career destinations.

    Where have the last few decades gone? They are past. The brave new world awaits.
    Aug 23, 2012. 09:53 AM | 3 Likes Like |Link to Comment
  • Is Modern Portfolio Theory Dead? Come On [View article]
    Nice smile Alan. Must be a very good dentist. :)

    I like the dental analogy. Although I am competent or better in many areas, Dentistry is not one of them, so I avoid the error of attempting a DIY root canal. Although I'm not suggesting avoiding professionals entirely, I did suffer greatly from the damage caused by a quack dentist as did my wife from another. Several years ago I needed treatment for a cancer and after research on the web, various other patients, books and discussions with professionals chose a little used method with excellent results instead of the catastrophic surgery the first Doc recommended.

    I am recommending each investor be their own advocate as I was with my cancer treatment. They don't need to develop, or even manage, the portfolio but they should know basic principles and hold a financial professional accountable. There are more than one Madoff out there. Ignorance in any area of life is bliss, but only for a little while.
    Aug 12, 2012. 07:14 PM | 1 Like Like |Link to Comment
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