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Firehawk734

Firehawk734
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  • Why A Dividend Cut Should Not Scare Linn Energy Shareholders [View article]
    Yes it is frustrating. I wish we could just get all the selling out of the way and deal with it. Been in this boat before and it just sucks.
    Dec 15, 2014. 10:14 AM | 8 Likes Like |Link to Comment
  • Linn Energy Suffers Another Blow [View article]
    While I agree the entire sector is getting hammered, it doesn't make me feel any better having to hope and pray that this particular company doesn't start slashing dividends and/or failing.
    Dec 14, 2014. 02:20 PM | 1 Like Like |Link to Comment
  • Linn Energy Suffers Another Blow [View article]
    Pretty sure LOL.

    No, I'm changing directions. At least if I invest in the real economy I have some kind of control over what I'm investing in. I have no control in the stock market.

    I'm not trying to beat up Linn Energy here. I thought they were a great company and still do. I am hoping/praying they get through this unscathed.

    I'm just tired of the entire market. I had some stocks that were up, sold those. I had some stocks that were down a little, sold those. Just hanging on to the ones I'm at a huge loss on, and hoping/praying they come back LOL.
    Dec 14, 2014. 02:18 PM | 1 Like Like |Link to Comment
  • Linn Energy Suffers Another Blow [View article]
    I'm long LNCO and I'm down about 18 bucks, and have essentially written this thing to 0, so I'm holding until the end.

    But I'll say this, I just don't know what the definition of 'invest' is anymore. I mean seriously. The stock market isn't about investing. It's about trading. And I'm no trader. So I have consciously made the decision to stop investing in the market and do something in the real economy where there aren't such drastic swings and I have some kind of control. I'm just tired of it. This isn't my first rollercoaster stock either. In the past 3 years I've been in 3, one of which went out of business (luckily i cut my losses when they were relatively small).

    It is just discouraging. I don't think oil is going to stay down for long, and I do think this is a lot of short term hoopla, but just the very nature of sectors collapsing so drastically drives me away. It makes me think everything is manipulated and unfair, and I can't compete with it. If the energy sector can tank in a matter of 2 weeks like this, then any sector can.

    If LNCO ever gets back to 30 or near that, I'm taking my money back out and running. I would rather pass my money through an investment and get my cash back rather than own a stock or debt and take 7-10 years to break even while my capital is at risk. Just tired of it.

    Frustrated with all of it.
    Dec 14, 2014. 01:11 PM | 22 Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    Pardon me, just under 10 years :) (118 payments).

    4.5% 30-year.

    Not adjusted for inflation :)
    Sep 2, 2014. 10:47 AM | Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    The bank takes very little risk. The only risk is that the home price devalues, and the FED (run by banks) make sure that won't happen for long, or very frequently.

    So, after what, 8 or 9 years, the bank has already been paid all the purchase price back on a 30-year loan, and they can take your house which they can sell likely for a higher price than YOU paid for it.

    Yeah, I don't feel bad for banks, and I don't think they take as much risk as people think they do when it comes to giving someone a mortgage. It's not an unsecured loan.
    Sep 2, 2014. 10:42 AM | 3 Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    I think for people that don't have a problem in their mind carrying debt, it probably makes sense to borrow the moon right now if you can. I'm sure you'd be wealthier in the end assuming at some point rates will go much higher and inflation as well...so you'll have paid a little money for a lot of stuff down the line.

    I just don't tolerate debt well.
    Sep 2, 2014. 10:40 AM | 2 Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    Author,

    Very intersting and practical article with an investment spin on it. Thanks very much.

    I HATE debt and have been considering refinancing the 30 year loan on my home down to a 10-year. YES the payment goes up but I could handle it and I'd rather deal with 10 years of mortgage payments than 20 or 30. And owning a beautiful new construction home at the age of 46 outright is a wonderful fantasy! lol

    I think there's a lot to be said for somone that is debt free. My mother is one, she paid every dime she earned into her home and felt a load of stress off once it was paid off. I said "yeah but you would be more wealthy now if you had just paid your mortgage out or at least just paid a little extra over the years and invested your money". She said "I don't care about maxing out my potential wealth".

    I guess it just matters what is more important, max net worth or max safety.
    Sep 2, 2014. 10:24 AM | 3 Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Author,

    Thank you for the article. I'm 35 and I already contemplate all kinds of scenarios about what I might need to retire, trying to figure how much for medical insurance, etc, and always trying ot figure, without losing principal, what will it take for me to achieve the lowest risk and be able to quit my job lol.

    Very informative article, thanks for taking the time.
    Sep 1, 2014. 01:09 PM | 1 Like Like |Link to Comment
  • This Fund May Be Your Best Call For Preferred Shares [View article]
    Hi LB, I think you may have mistyped. GGN is not a bond fund, it's an equity CEF and has been around since 2005. I have owned GGN for some time also.

    They do use options to generate income in GGN.
    Aug 30, 2014. 03:36 PM | 1 Like Like |Link to Comment
  • This Fund May Be Your Best Call For Preferred Shares [View article]
    What's the difference if you hope for 10% capital appreciation versus 10% income DRIP? There's a difference if you are getting taxed on the income, but there's just something to me about receiving the cash that they can't take it away from you (unless you reinvest of course) :).

    What about the other question regarding when interest rates rise? What will happen with performance in high yield bond funds or income funds? I assume price will get hit temporarily but won't it become easier to earn the dividend for the fund in a rising rate environment?
    Aug 30, 2014. 02:03 PM | 1 Like Like |Link to Comment
  • This Fund May Be Your Best Call For Preferred Shares [View article]
    I have a question for you older, more experienced income investors. Im 35 years old and in my life I really do not know a time of rising interest rates. So I am curious about something : if and or when rates finally start rising, won't high yield closed end funds initially take a hit on share price, but also won't it become easier for the funds to earn their high yield as the managers turn over their funds? I own several high yield funds like ncv, pht, ehi, and I also have owned ffc and hpi for the past year.

    I would assume that fund managers are trying to be as prepared for a rise in rates as they can, but like everything there will be selling early, but it seems to me over the medium term during rising rates it will make earning the yield easier. I would love to hear opinions on this.

    I'm also of the opinion that the world is too screwed up for yields to go up anytime soon despite what the talking heads keep saying, but that's another story!

    Thanks guys, look forward to your opinions.
    Aug 30, 2014. 05:53 AM | Likes Like |Link to Comment
  • Linn Energy: The Permian Trade With Exxon Is A Smart Move [View article]
    2 Days Ago I Had A Limit Order In At 27.15 To Add in And Missed It By 3 Pennies..Damgit Lol.
    May 22, 2014. 05:07 AM | 4 Likes Like |Link to Comment
  • Linn Energy: A Closer Look At LinnCo's 'Dividend' [View article]
    Thanks all for the opinions. I'm always trying to learn. I do use yahoo finance alot. I own lots of closed end funds that are equity or HY bond related primarily.

    I can deal with the swings in the market for now, while my heart is healthy lol. As I get older though, I plan to go into safer and safer things.

    I am a saver by nature, and have everything I want/need (am an engineer, have a nice home) and am working to continue growing the value of my 401k and after tax account, as well as trying to pay down debt as fast as I can (still have about 20k in student loans, and have a 15 yr mortgage on the primary home). I also turned my last home into a rental in 2010 and have great renters. I'm above water on that house now by about 20k, but why sell if I have good renters and the home is stable? That house will be paid off in 10 yrs. I think I'm doing ok, but obviously the bigger the pot you start with, the faster and bigger it grows (compound interest).
    Apr 23, 2014. 05:03 PM | Likes Like |Link to Comment
  • Linn Energy: A Closer Look At LinnCo's 'Dividend' [View article]
    I'm a 'younger guy' at age 35, and I tend to like having all of my money in fixed income. I just like knowing I get cash distributions that are locked in essentially, despite the price on any given day, versus relying on price appreciation AND selling the stock to lock gains in.

    Is this a bad way to invest at this age? Sometimes I do feel like I'm too young to invest that way as typically fixed income is related to seniors or older investors that are going to, or are retired.

    It seems that the stock market is way too wishy washy to invest in the same shares for 35 yrs like was done pre internet trading era.
    Apr 23, 2014. 12:33 PM | Likes Like |Link to Comment
COMMENTS STATS
138 Comments
296 Likes