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giorgiolb

giorgiolb
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  • 10 Rules For Investing In Today's Stock Market [View article]
    AgAu,

    We all know DG is theoretically impossible. The only possible way to a comfortable retirement is via any other way other than DG.
    Fama, French, Markowitz, Varan, etc proved this conclusively.

    Whenever someone says they want to help the unwashed masses, however, I hold tight onto my wallet...
    Oct 17, 2013. 11:46 AM | 3 Likes Like |Link to Comment
  • Investing For Success: Having A Plan [View instapost]
    Hackfab,

    Not being able to sell options is a big nonstarter with me.

    I don't use Quicken, but Ameritrade does let you download transactions into Turbotax. It's not the great advantage it might seem however since it doesn't work seamlessly, and also requires a good deal of data massaging afterwards, and that negates any convenience.
    Oct 17, 2013. 10:38 AM | Likes Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    ray,

    Everyone needs a 50 cal sniper rifle. You never know when you'll get charged by an angry cape buffalo at 1000 yards...
    Oct 16, 2013. 08:24 PM | 2 Likes Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    Mike,

    Don't take this the wrong way but you have one exceptionally gloomy outlook on stocks and the market. I suppose you hear that a lot.
    Oct 16, 2013. 07:55 PM | 2 Likes Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    Kilroy was before my time. I'm still trying to figure out where's Waldo.
    Oct 16, 2013. 06:56 PM | 2 Likes Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    "John is my name and dividends are my game"

    You're not that John Doe fellow I keep hearing about, are you?
    Oct 16, 2013. 06:31 PM | 1 Like Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    Dave,

    "Retail is more of a DG debunker. His website is packed with information as to why DG doesn't work."

    Doesn't it make you wonder why someone would go to all that trouble?
    Oct 16, 2013. 03:32 PM | 4 Likes Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    Dave,

    I'm a dramatic comedian in the finest Shakespearean tradition.

    But, yah, there are countless ways to invest.
    Incorporating the underlying principle of DG (IE a stable, increasing income stream) doesn't preclude one from also buying bonds, growth stocks, ETFs, pork bellies or even (gasp) index funds, if they fit into your strategy.

    A few of the usual suspects go to great lengths to stick everyone into nice, neat, buy-and-forget pigeonholes. I guess we pigeons all look the same.
    Oct 16, 2013. 01:57 PM | 3 Likes Like |Link to Comment
  • The Default Has Already Begun [View article]
    "This whole situation just goes to show you how oblivious people are when it comes to the American monetary system"

    People unfortunately believe whatever they're spoonfed by politicians and pundits.

    Looks like the hysteria is dissipating. Congress will kick the can down the road again for a few months. Then we can find new reasons to hate all the x-wingers and y-wingers.
    Oct 16, 2013. 01:25 PM | Likes Like |Link to Comment
  • Investing For Success: Having A Plan [View instapost]
    Miz,

    I avoided Scottrade because they didn't have the best reputation for tools or convenience and also were well behind the curve in option-trading (I use calls and puts extensively). On the plus side, they're cheap and have that helicopter...

    Anyone have any experience using Interactive Brokers? They seem to get good ratings from Barrons and the like..
    Oct 16, 2013. 01:13 PM | 1 Like Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    "Most articles on this site think that stocks selected should be limited to those on the list of historically raising dividends."

    "If you include all those kinds of stocks, then the strategy is little different from 95% of what the rest of us practice. "

    Retail, I commend you. You build some very fine strawmen.

    Only the casual-est of observers could conclude that everyone here owns the exact same stocks or follows the exact same investment methods.
    And unlike most drive-by detractors, DaveC has always been very forthright in outlining his specific strategies.
    Oct 16, 2013. 11:55 AM | 6 Likes Like |Link to Comment
  • 10 Rules For Investing In Today's Stock Market [View article]
    retail,

    If you're going to keep touting your website, at least correct the basic math errors.

    BTW, switching portfolio strategies from one day to the next isn't as easy as you imply. And as User pointed out, it's also not cost free either.
    Oct 16, 2013. 11:37 AM | 3 Likes Like |Link to Comment
  • The Myth Of A Looming Default: Lies, Damn Lies And Statistics [View article]
    "Buffett: Debt limit is 'weapon of mass destruction'"

    Warren's always complaining that he's not taxed enough. Maybe he will send a check to the treasury and keep the government afloat for a few more days...
    Oct 16, 2013. 10:27 AM | 3 Likes Like |Link to Comment
  • The Default Has Already Begun [View article]
    "As long as the usa can print money it is literally impossible for them to "actually" default. "

    They don't even need to print money. There's more than enough slop in the system to avoid default. Even this limited shutdown highlights how non-essential many government employees and functions truly are.
    Oct 16, 2013. 10:24 AM | Likes Like |Link to Comment
  • The Default Has Already Begun [View article]
    User,

    "Ayn Rand as a person was no pretty picture, and it is therefore no particular surprise that her political philosophy took the twists and turns that it did."

    Who cares? Political philosophies and ugliness go hand in hand. Politics is a dirty business. Genuinely nice people tend to be apolitical.


    " You cannot compromise with someone who says he will blow up your house unless you meet him half-way (or more)"

    So who is blowing up what in this scenario? Obama said he won't compromise on ACA. And the senate won't vote for anything but a clean resolution. This strongly indicates both sides are playing the same game of chicken and hoping the other side will blink first.

    But, the larger point: the government won't blow up if overall spending is reduced. A lower debt load would actually IMPROVE US credit ratings.


    "This is extortion pure and simple, "

    It's hyperbole, pure and simple. When neither side will give in, its not extortion, it's a stalemate.
    Oct 16, 2013. 10:20 AM | 2 Likes Like |Link to Comment
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