This New Budget Proposal May Limit Your Annual Retirement Income [View article]
Hindsight is great isn't it. After all math doesn't lie.
If, in 1970, someone had picked the right stock, and invested all of their IRA contribution in it. . . wait a minute. The limit is 5k now, so that would take 4 years. . . I can't do it on one year. Also, I'm pretty sure the limit was much lower in 1970. OK so if someone had managed to pick the right stock and invest all 20k they somehow had in it. . . Wait a minute. Doesn't pretty much everyone push diversifying? Not putting all your eggs in one basket? After all, that basket could have just as easily been Enron. Now they are on a street corner with a cardboard sign. . .
So if a bunch or incredibly unlikely and unrealistic things all happened 40 years ago, yes the math tells us that someone could have over 3 million in their IRA. If I could make a million shots in a row, I could play for the NBA. It is possible. . .
Since we are using hindsight, if I had this gift I would have a much great ROI than 3 million on 20K. I'd go back in time and guess the winning lottery numbers, bet on long shots in horse races, etc etc etc
The logic of this and every other SA article that basses an argument on hindsight is seriously flawed. In the real world, the hypothetical described in this article could happen but is so unlikely that it is ridiculous to even consider making national policy on such a far fetched "problem".
Since the Enron and cardboard sign is just as likely, perhaps a lot more likely, may we should tax the millionaire and pay for some basic services to society as well as attack the debt?
Transparency sheds light on what is going on and is one of the few check and balances we shareholders have. They may be doing a great job now, but what about in 10 years? Will it be about performance and our interests or about getting a bigger percent of an already big pile of money no matter how it preforms? They may make a lot now but at least they are delivering. What happens when/if management stops delivering?
3 Ways To Avoid The 'Rigged' Stock Market [View article]
Spoken like a broker.
Lets say I wanted to buy FB stock 10 years ago. Truth is, I did back then before it was discovered. My students were using it and I have learned to pay attention to the new stuff they use. Guess what? Like so many other companies most everyone else didnt know about, they were Private Equity only. A game I'm not allowed to play in.
And of course by the time I am allowed to play, there was the more recent FB IPO - with all the hyp of a fully "discovered" and promoted company even much of the market realized this for the pump and dump it was. And we all know the "it wasnt rigged" shenanigans there.
Lets look at MBS fraud. Bundle junk and suddenly it is top class. Robo sign it. Boot millions of Americans out of their homes. Of course that was't rigged either right? And while we are talking about banks and things not being rigged, are you also going to tell me that your tax dollars will bail out my small business and pay for my bonuses should I make really risky decisions that fail? To big to fail bailouts, especially in the US where there were almost no strings attached, are yet another example of a rigged system.
Keep calm and carry on. Things will be fine. Until they aren't.
The scary thing is that there are not a lot of alternatives. I think that is why the stock market is going up now - it is the cleanest dirty shirt. As mentioned above, investing in yourself and starting a small business is one of the few good options left.
3 Ways To Avoid The 'Rigged' Stock Market [View article]
Private Equity Markets - Also rigged, also not a level playing field or a free market. Poly ticks, to big to fail, Military Industrial spending, MBS Fraud, IPOs, Bonuses for execs of failing companies etc etc etc also all make many of us conclude that the market really is rigged. People are greedy, often feel entitled and usually don't put a priority on shareholders interests.
Rigged can be OK as long as you can figure out how it is rigged and therefore which way it will move. If you can't find the sucker in a rigged game, it is most likely you. In those cases, don't play.
Annaly: Continuity, Confirmation And Dividends Will Keep This Stock A Solid Buy [View article]
Has Wall Street given us any good reasons to further lower transparency, to trust that managers will always act in share holders best interests and to further limit shareholder input?
What does history tell us happens when things get bad? Do managers severely cut their pay in line with their performance or do they often continue to take as much as they can because they can?
Even if you trust the managers today, are you willing to bet that in 10 years they will still have your best interests at heart?
Finally, we have invested in a REIT, not a hedge fund. If wanted to be paid like I did job X, the best strategy would be to get a job doing X. If managers want to earn hedge fund salaries, they should go work for a hedge fund. Yes, management has been excellent but it has been working under the checks and balances of shareholder feedback. If they want to do something else for tax advantages that is fine as long as transparency is kept as well.
Salesforce.com (CRM): FQ4 EPS of $0.51 beats by $0.11. Revenue of $834.7M (+32% Y/Y) beats by $3.9M. Expects FQ1 revenue of $882M-$887M and EPS of $0.40-$0.42 vs. a consensus of $886M and $0.42. Expects FY14 (ends Jan. '14) revenue of $3.82B-$3.87B and EPS of $1.93-$1.97 vs. a consensus of $3.85B and $1.95. Shares +5.2% AH. (PR) [View news story]
Because "cloud computing" sounds cool. And is the future. To bad they don't have a moat or a track record of profits. The one thing they have going for them is the most amazing PR/spin team. . . At some point this bubble will burst.
Chinese army unit 61398, also known as "Comment Crew," has been identified as most probably responsible for numerous cyberattacks on U.S. targets, security company Mandiant has alleged in a report. While Mandiant didn't name specific targets, victims include Coca Cola (KO) - when it was trying to acquire Chinese company Huiyuan Juice Group for $2.4B - and VMware's (VMW) RSA, as well as a firm with access to over 60% of oil and gas pipelines in North America. [View news story]
Aren't we sill looking for weapons of mass destruction?
How about some real evidence instead of these PR campaigns (from both sides)?
In the wake of numerous scandals involving Chinese companies listed on Western stock exchanges, Chinese authorities are cracking down on ... those who raise the questions. Huang Kun - part of the team which put together a negative report on Silvercorp (SVM) - was arrested in Beijing at year's end and expects to soon face criminal charges. Documents suggest Silvercorp worked with officials on the investigation of Mr. Huang and even helped pay for it. [View news story]
That correction requires "we the people" to be in charge.
Corporations are now people too, with much deeper pocket books. . .
Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964. [View news story]
What do you mean, their monetary policies are GREAT. Take risks and pocket all the gains. Take risks and get someone else to pay for the losses all while giving themselves bonuses to retain "top talent". Pay off both parties to insure nothing of substance changes. Sounds like win win to me. . .
Forget The Jobless Recovery, Get Ready For The Full-Employed Recession [View article]
James Altucher: Why The Stock Market Is A Sucker's Game Right Now (And What Stocks I Own) [View article]
Net Profit Margin -2,021.38%
Might as well be day trading. . .
Fundamentals For Salesforce.com Point To Higher Prices [View article]
Crumbs Bake Shop Is A Complete Disaster [View article]
This New Budget Proposal May Limit Your Annual Retirement Income [View article]
If, in 1970, someone had picked the right stock, and invested all of their IRA contribution in it. . . wait a minute. The limit is 5k now, so that would take 4 years. . . I can't do it on one year. Also, I'm pretty sure the limit was much lower in 1970. OK so if someone had managed to pick the right stock and invest all 20k they somehow had in it. . . Wait a minute. Doesn't pretty much everyone push diversifying? Not putting all your eggs in one basket? After all, that basket could have just as easily been Enron. Now they are on a street corner with a cardboard sign. . .
So if a bunch or incredibly unlikely and unrealistic things all happened 40 years ago, yes the math tells us that someone could have over 3 million in their IRA. If I could make a million shots in a row, I could play for the NBA. It is possible. . .
Since we are using hindsight, if I had this gift I would have a much great ROI than 3 million on 20K. I'd go back in time and guess the winning lottery numbers, bet on long shots in horse races, etc etc etc
The logic of this and every other SA article that basses an argument on hindsight is seriously flawed. In the real world, the hypothetical described in this article could happen but is so unlikely that it is ridiculous to even consider making national policy on such a far fetched "problem".
Since the Enron and cardboard sign is just as likely, perhaps a lot more likely, may we should tax the millionaire and pay for some basic services to society as well as attack the debt?
Annaly's Continuing Metamorphosis [View article]
3 Ways To Avoid The 'Rigged' Stock Market [View article]
Lets say I wanted to buy FB stock 10 years ago. Truth is, I did back then before it was discovered. My students were using it and I have learned to pay attention to the new stuff they use. Guess what? Like so many other companies most everyone else didnt know about, they were Private Equity only. A game I'm not allowed to play in.
And of course by the time I am allowed to play, there was the more recent FB IPO - with all the hyp of a fully "discovered" and promoted company even much of the market realized this for the pump and dump it was. And we all know the "it wasnt rigged" shenanigans there.
Lets look at MBS fraud. Bundle junk and suddenly it is top class. Robo sign it. Boot millions of Americans out of their homes. Of course that was't rigged either right? And while we are talking about banks and things not being rigged, are you also going to tell me that your tax dollars will bail out my small business and pay for my bonuses should I make really risky decisions that fail? To big to fail bailouts, especially in the US where there were almost no strings attached, are yet another example of a rigged system.
Keep calm and carry on. Things will be fine. Until they aren't.
The scary thing is that there are not a lot of alternatives. I think that is why the stock market is going up now - it is the cleanest dirty shirt. As mentioned above, investing in yourself and starting a small business is one of the few good options left.
3 Ways To Avoid The 'Rigged' Stock Market [View article]
Private Equity Markets.
3 Ways To Avoid The 'Rigged' Stock Market [View article]
Rigged can be OK as long as you can figure out how it is rigged and therefore which way it will move. If you can't find the sucker in a rigged game, it is most likely you. In those cases, don't play.
Your mileage may vary.
Annaly: Continuity, Confirmation And Dividends Will Keep This Stock A Solid Buy [View article]
What does history tell us happens when things get bad? Do managers severely cut their pay in line with their performance or do they often continue to take as much as they can because they can?
Even if you trust the managers today, are you willing to bet that in 10 years they will still have your best interests at heart?
Finally, we have invested in a REIT, not a hedge fund. If wanted to be paid like I did job X, the best strategy would be to get a job doing X. If managers want to earn hedge fund salaries, they should go work for a hedge fund. Yes, management has been excellent but it has been working under the checks and balances of shareholder feedback. If they want to do something else for tax advantages that is fine as long as transparency is kept as well.
Salesforce.com (CRM): FQ4 EPS of $0.51 beats by $0.11. Revenue of $834.7M (+32% Y/Y) beats by $3.9M. Expects FQ1 revenue of $882M-$887M and EPS of $0.40-$0.42 vs. a consensus of $886M and $0.42. Expects FY14 (ends Jan. '14) revenue of $3.82B-$3.87B and EPS of $1.93-$1.97 vs. a consensus of $3.85B and $1.95. Shares +5.2% AH. (PR) [View news story]
Chinese army unit 61398, also known as "Comment Crew," has been identified as most probably responsible for numerous cyberattacks on U.S. targets, security company Mandiant has alleged in a report. While Mandiant didn't name specific targets, victims include Coca Cola (KO) - when it was trying to acquire Chinese company Huiyuan Juice Group for $2.4B - and VMware's (VMW) RSA, as well as a firm with access to over 60% of oil and gas pipelines in North America. [View news story]
How about some real evidence instead of these PR campaigns (from both sides)?
In the wake of numerous scandals involving Chinese companies listed on Western stock exchanges, Chinese authorities are cracking down on ... those who raise the questions. Huang Kun - part of the team which put together a negative report on Silvercorp (SVM) - was arrested in Beijing at year's end and expects to soon face criminal charges. Documents suggest Silvercorp worked with officials on the investigation of Mr. Huang and even helped pay for it. [View news story]
Corporations are now people too, with much deeper pocket books. . .
Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964. [View news story]
Hedge Funds: The Most Expensive Bargain In Town [View article]
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