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Tom in Texas

Tom in Texas
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  • 100 Mistakes Rookie IRA Investors Make: #1 - Buying Huge Blocks Of Stock To Get Started [View article]
    Two further thoughts:

    In that "almost a year" period, I did put 100K in a Mid-Term Bond fund with a 2.5% yield for 6 months (better than the 0.75% in the MM), but then got scared out.

    My Schwab broker (who calls every couple of months, recently due to tax season I guess) was impressed by my PF (but he probably says that to all his clients).
    Apr 15, 2012. 11:30 PM | Likes Like |Link to Comment
  • 100 Mistakes Rookie IRA Investors Make: #1 - Buying Huge Blocks Of Stock To Get Started [View article]
    Wish this series of articles were written a few years ago.

    I Moved a 250K 401-K to a roll-over IRA. While waiting for my MBA daughter to come up with some investment ideas (and also waiting for the crash), I sat on the cash, earning $1.98 (or so) per month in interest. I just wanted some suggestions from her that I would consider.

    My daughter, asked a qualified friend, but neither would offer advice or suggestions, I guess fearful of making a mistake.

    After almost a year, I decided to go with dividend stocks and tested the water with a 16K position in T. After 6 weeks it was unexpectedly up 14%. Now this was a utility co. and pigs get slaughtered, and I still expected a crash, so I sold, not knowing what a QE1 was, and what effect it was having on the market.

    Naturally T kept rising (along with the rest of the market), but eventually I was able to buy a 32K position on a couple of major dips, a little above where I sold it at.

    Moral: It's all about timing. I should have bought the 32K position originally, and stayed with it. I should have been all in with DG stocks at that time.

    Isn't hind-sight great (and knowing a little financial news).

    Now the IRA is almost fully invested, mostly "traditional" DG stocks, but also MLP's (for the higher yield - and dividend growth? EPD, LINE, etc). And some speculation to keep it exciting.

    I'm still waiting for the crash, but will hunker in the bunker, hopefully collecting most of the dividends, if it comes.

    The IRA is just one part of my investments, but SA articles have helped a lot in putting together a portfolio that has very nice monthly and quarterly dividends (and distributions). A little more than the $1.98 I was getting for far too long.
    Apr 15, 2012. 11:15 PM | 3 Likes Like |Link to Comment
  • Shell (RDS.A), Mitsubishi Corp., China National Petroleum and Korea Gas Corp are in the final stages of talks to build a $12.35B liquefied natural gas terminal on Canada's west coast, according to a report in business daily Nikkei. A broad agreement is expected as soon as this month.  [View news story]
    GLOG - will need to transport.
    Apr 12, 2012. 03:17 AM | Likes Like |Link to Comment
  • Natural gas prices are about as low as they're going to get, observes oil and gas mogul T. Boone Pickens. A key marker to watch is rig counts, Pickens says, because as they go down it causes supply to shorten up. Ten rigs closed just last week, and more will be shuttered this week as well. It may take a little while for prices to shore up, but it's going to happen.  [View news story]
    You forgot to tell me. Still long BAS & CJES.
    Apr 11, 2012. 11:06 PM | Likes Like |Link to Comment
  • Natural gas prices are about as low as they're going to get, observes oil and gas mogul T. Boone Pickens. A key marker to watch is rig counts, Pickens says, because as they go down it causes supply to shorten up. Ten rigs closed just last week, and more will be shuttered this week as well. It may take a little while for prices to shore up, but it's going to happen.  [View news story]
    Why do they charge $2.24/gal(e) in Austin? No available refill sites in San Antonio.
    Apr 11, 2012. 10:59 PM | Likes Like |Link to Comment
  • The Most Common Stocks Held By Dividend Growth Investors [View article]
    From your list, I'm long: ABT, MO, T, CVX, INTC, MCD, PM, PG, SO, and WM. Also long LINE & EPD.
    Apr 1, 2012. 11:57 AM | 1 Like Like |Link to Comment
  • Crimson Exploration: This Fast Growing $3 Energy Concern Has Further Upside [View article]
    Nice call!
    Mar 30, 2012. 11:25 AM | 1 Like Like |Link to Comment
  • CVR PARTNERS, LP UAN Units Being Sold: SEC  [View instapost]
    Thanks Todd. Long UAN since the IPO.
    Mar 7, 2012. 01:01 PM | Likes Like |Link to Comment
  • CVR PARTNERS, LP UAN Units Being Sold: SEC  [View instapost]


    U.S. SECURITIES AND EXCHANGE COMMISSION

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    Mar 6, 2012. 06:49 PM | Likes Like |Link to Comment
  • Retirement Strategy: 10 Biggest Lies We Are Told About Retirement (Part 11) [View article]
    Agree with all the above comments: excellent down-to-earth advice, written in an easy-to-read, entertaining style.

    My portfolio contains many of your listed dividend growth stocks, and others. No bonds and no FIRE stocks (Financial, Insurance, Real Estate). "Cash" in local Credit Union laddered CD's, as well as some physical $ in a safe deposit box (along with physical silver and gold).

    Question about the flesh colored thumbs up. When I hit it, it changed from a zero to a one. From the above comments, I was not the first to hit it. What's up with that?
    Feb 20, 2012. 12:28 PM | 2 Likes Like |Link to Comment
  • MLPs For Yield Seeking Investors [View article]
    mns, sure they are. You lose their tax deferred advantage since your IRA is already tax deferred, but so what? Long EPD in my IRA, and no K-1's to mess with.
    Feb 19, 2012. 06:46 PM | Likes Like |Link to Comment
  • Greece's Debt: Maturity Dates, Amounts Due, And Top Holders [View article]
    Looks like 3/20/12 will be the big day.
    Feb 12, 2012. 01:30 PM | 1 Like Like |Link to Comment
  • 5 Stocks For A Balanced High-Yield Dividend Portfolio [View article]
    Long PM instead of RAI, SO instead of EXC, long x2 SDRL, long x2 T, but no banks (but I've read that there are some decent CND ones).
    Feb 2, 2012. 10:45 PM | Likes Like |Link to Comment
  • IPO Preview: U.S. Silica Holdings [View article]
    Closed at 16.00
    Will watch for awhile.
    Feb 1, 2012. 04:50 PM | Likes Like |Link to Comment
  • IPO Preview: U.S. Silica Holdings [View article]
    Thanks for your reply. I'm pretty new to IPOs, although I've had
    good luck with UAN & CHKR so far. That $8m (20% of IPO) sounded like some sort of backdoor payoff.
    Jan 31, 2012. 12:15 PM | Likes Like |Link to Comment
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