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johncworth

johncworth
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  • Making Money With Math Has Been Too Easy For Too Long [View article]
    Since this can only be accomplished in a taxable account, you have to make some kind of accounting for projected taxes AND short borrowing costs I might add. It looks great in a graph, but until you take 40% off annually for the tax burden and another 3% or so for short borrowing costs you are not really showing the whole story. Losing 43% or so of gains annually takes some of the shine off the gains.
    Jul 18 11:57 AM | 1 Like Like |Link to Comment
  • Making Money With Math Has Been Too Easy For Too Long [View article]
    Leopardtrader, I have short positions in leveraged ETFs on a daily basis, and have for well over a year. What are you TALKING about? With no offsetting longs.
    Jul 18 11:19 AM | 1 Like Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    If I was to make one recommendation, I might add don't be afraid to tell us what you own, are buying, or are selling. Accompany it with the standard disclaimer of "not a recommendation", but I think it is actually really useful to see how an author is playing out their perceptions. Kind regards to you and yours, jcw
    Jul 13 04:48 PM | 2 Likes Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part III: Discounts And Premiums) [View article]
    Really nice writing L. Banker. Simple enough for a motivated hack like me to understand, but providing real insight into an area that is relatively unexamined on SA. Thanks very much for your worthy contributions.
    Jul 13 03:59 PM | Likes Like |Link to Comment
  • GoBroke With GoPro [View article]
    Excellent article btw. You are ALWAYS an informative and useful read. Hope you and yours are happy and well.
    Jul 3 10:46 AM | Likes Like |Link to Comment
  • GoBroke With GoPro [View article]
    Alas, Fidelity has none to available to short. (They wanted 82% borrowing cost btw!)
    Jul 3 10:19 AM | Likes Like |Link to Comment
  • If You Think Seadrill Ltd. 11% Dividends Are Too High, Then Let's Talk About Awilco Drilling Plc. And Its Whopping 21% [View article]
    Thanks Tom, I will get on the horn with Fidelity right now. Kind regards, jcw
    Jun 27 12:28 PM | Likes Like |Link to Comment
  • If You Think Seadrill Ltd. 11% Dividends Are Too High, Then Let's Talk About Awilco Drilling Plc. And Its Whopping 21% [View article]
    I hold my AWLCF shares through Fidelity. I thought from the company's website the divs would pay out 06.20. Still have not received. Anyone else use Fidelity, and if so have you received your div? thx
    Jun 27 11:35 AM | Likes Like |Link to Comment
  • Buffett, Piotroski, And An Inflation-Beating Approach [View article]
    Ragingmoose, I believe the name of Mr Wagner's book is "The Duly Diligent Stock Investor: Practical Principles for Creating Your Own Fund of Safe and Profitable Investments"
    Jun 23 09:05 AM | Likes Like |Link to Comment
  • Retirement Strategy: Chasing Yield Is Actually Looking For Disaster [View article]
    SD62 is spot on with LINE, not only has the massive dividend grown, but the total return for the stock over that period of time has been 19% annually. Your arching idea is worth considering, but you can not data mine to make the argument.
    Jun 19 11:14 AM | 11 Likes Like |Link to Comment
  • The U.S. Economy: Deep Recession Coming [View article]
    Tack - Quoted For Truth

    Another way to think about it. In stocks, you own something that has shown a constant trend over centuries upwards, AND you are often paid a dividend as well. In essence, you enjoy a better mathematical edge than the house has in most casino games. You are the house! Now, it is true that casinos do not always have good days, weeks, months. But, you can not know in advance when the bad times come. You can just enjoy the house edge.

    Alternatively, you can be the gambler entering the casino. It is an attractive idea! What if you could somehow divine the days to be in the casino when it loses! And look, there are documented cases of people that have done that! But, no one can do it consistently, they would be billionaires many times over. And if they could, lets admit it they would not tell you anyway. Lots of people can guess the right day, week or month. But they can't systematically replicate it.

    So, you can be the house - take your lumps but let time be your friend. Or, you can be the gambler, reading the tea leaves to make a killing, since others have done it before you. Me, I will take the house edge. I keep costs down, invest in my money machine, and let time do it's work. Lets just say it has worked out very very well. SA has thousands
    of people like me who have done something similar with similar results. Most of us are not geniuses. We just found the house edge and exploited the living hell out of it.
    Jun 3 01:30 PM | 2 Likes Like |Link to Comment
  • GROWTH [View instapost]
    I would imagine quite a bit less volatlity as well. Thank you for the update. hope you and your family are happy and well. kind regards, jcw
    May 31 11:20 PM | Likes Like |Link to Comment
  • GROWTH [View instapost]
    Thank you for the update. Following with fascination.
    May 30 05:18 PM | Likes Like |Link to Comment
  • A Vivus Buyout? Fat Chance And A Good Time To Short [View article]
    I would wait and see what Richie and the Fonz do before I would put much stock in Potsi. Happy Days!
    May 30 04:52 PM | 1 Like Like |Link to Comment
  • Northwest vs Feuerstein rhubarb round 4 [View news story]
    Ultimately, the science is either good or not. AF's opinion is completely immaterial to any outcome unless you are a trader, not an investor. Who cares what he thinks? Clearly if he had the chops he would be running a hedge fund not writing for some Motley Fool also ran. If he is right, (and lets face it all you have to do to be right 90% of the time in biotech is to predict failure) then good for him. If he is wrong, he has kept the accumulation window open for longer. Part of his compensation is ultimately tied to page views/controversy. Why would you expect him to behave any other way than he is?
    May 29 12:30 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
424 Comments
832 Likes