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dunkmaster

dunkmaster
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  • Chevron: A Crude Awakening Looms [View article]
    Absolutely no apologies required! ... and for our purposes you are probably more correct in your use of the word.

    I guess I like to never forget that everything I do when investing (though, like you, I am not looking to get rich quick, but get rich slow and hopefully "safe") has inherent risk. Even a good and reasonable bet is still a bet.

    I am very much aware of Mr G! BRK-B is one of my larger and more favorable holdings and we all know Mr B is his protege! I DO need to read his book...time is an issue...for us all I suppose!

    again ... we are on the same page and the issue is probably semantics.

    and...just as a rather obvious side point ... long CVX!
    Jan 19, 2015. 01:45 PM | 1 Like Like |Link to Comment
  • Chevron: A Crude Awakening Looms [View article]
    it was mostly gallows humor...and I have swung from those gallows....its also closer to 35 years as I have not updated my profile for years!
    Jan 19, 2015. 01:19 PM | Likes Like |Link to Comment
  • Chevron: A Crude Awakening Looms [View article]
    semantic arguments are always a waste of time ... but none the less ... allow me to clarify my meaning...I'm discussing speculation in terms of its literal meaning in English rather than as it is defined in the investment world, but, I'm not sure it matters all that much.

    Any purchase of any stock at any time is ALWAYS speculation no matter what spin, thought, due diligence, crystal ball, or prayer we apply before hand. We can look at the numbers and the past all we like but, ultimately, EVERY purchase is speculation (so is holding cash). We don't know the future of anything (period...including our marriage, our health, the stability of the core of the sun, etc). Only a fool thinks buying (or not buying...or shorting...or selling) stocks is a "sure thing".

    Now, if you want to talk about what is a reasonable set of logic to base our speculation on? ... that is a COMPLETELY different topic...but every purchase is speculation. We don't have to like or accept that fact, and yet it exists with or without your or my approval.
    Jan 19, 2015. 01:03 PM | 1 Like Like |Link to Comment
  • The Next Stock I Would Build A Retirement Portfolio Upon At Any Age [View article]
    why pay too much? because it may never go to 95 and may go to 145!

    Now I am not betting on that...but market timing good stocks is a game of chicken that many people lose. I know I have!!
    Jan 16, 2015. 11:18 AM | 4 Likes Like |Link to Comment
  • Chevron: A Crude Awakening Looms [View article]
    "any purchase at this time amounts to pure speculation"

    are there stocks I can buy that are not pure speculation?
    Jan 16, 2015. 11:07 AM | 62 Likes Like |Link to Comment
  • New Senior: The Next Newcastle Spin-Off To Deliver? [View article]
    I bought NCT back before "the" and it's crash. I thought it was dead but lost so much money I figured I had (and it was almost literally true) nothing left to lose when it sank to its lows. I sat on it to remind me of my folly!

    It is impressive how many assets I have now on its recovery.

    Thanks for the coverage.
    Jan 14, 2015. 07:59 AM | Likes Like |Link to Comment
  • Johnson Controls, Inc. (JCI) Dividend Stock Analysis [View instapost]
    I'm a fan of your coverage and JCI. Thanks!
    Jan 14, 2015. 07:49 AM | Likes Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    correct. My comment was not all about you.
    Jan 12, 2015. 08:36 AM | Likes Like |Link to Comment
  • The Stock Market 2015: A Sector By Sector Valuation Perspective - Part 1 An Overview [View article]
    I stop what I am doing and rush to the computer when there is a CC article!!

    Thanks Chuck!
    Jan 9, 2015. 01:25 PM | 3 Likes Like |Link to Comment
  • New Senior gets first sell-side coverage [View news story]
    I would think that most of the SA community are not in the professional investment community (i.e. SA should use the lingo that would be most familiar to its readers).

    having said that, thank you for the education! I love learning new stuff on SA!!
    Jan 9, 2015. 12:51 PM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    those are two very good points (to add to the other 15!) I had not thought about.
    Jan 9, 2015. 12:45 PM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    I too have had to prod some people to do really basic thing for their own good.

    I use to work for a company that had a defined benefit retirement plan. There were a number of people working there for more than a decade that did not join!!!! I railed at their stupidity (in a nice way) until they gave in and joined. I wish I could get a commission from them when they retire!
    Jan 9, 2015. 12:42 PM | 1 Like Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    buy 3m now....buy it when it drops 20% ... buy it when its up 40% ...

    hold it 20 years and then see if any of that really worries you...
    Jan 6, 2015. 03:49 PM | Likes Like |Link to Comment
  • Retirement Strategy: Dividend Champion Growth Stocks Weather Share Price Storms [View article]
    "far under performing its full potential"

    probably a phrase my friends broker used

    "exactly how much you're missing out"

    he convinced him to take out a second mortgage against his home to buy "broker recommended" stocks...

    "if you're interested in maximizing your gains"

    pretty words that did not keep him from losing 40% of his investment in a matter of months....

    1) DON'T LOSE MONEY.

    now there is a quote WORTH listening to.
    Dec 31, 2014. 10:14 AM | 2 Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    i'm just not following the logic.

    Do you really think it is more likely you can beat your employers choices and matches? Beating the choices is no big stretch....but losing 5 years of 100% matches? That's a bad bet. I would stay in just on the CHANCE I could get the 100% match. I would PAY for the chance at a 100% return!!

    (using rough numbers) lets say you put in $100 and your employer puts in $100 and the fund goes up 5%. you have $210 of savings.

    On your own you know have to take $100 and generate 110% return to beat the 5% return. And you think this is more likely than staying in your job for 5 years? I'm betting ... not.
    Dec 30, 2014. 04:23 PM | 1 Like Like |Link to Comment
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