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raykrv6a

raykrv6a
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  • Retirement Strategy: The Withdrawal Phase Might Not Be As Frightening As You Think [View article]
    Great job Karl.

    Ray
    Jul 5, 2015. 11:38 PM | 1 Like Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    Jerry, the goal is zero issues. I would be leading a meeting and get to the Risk Log and ask for risks to add to the log and most of the time it people didn't have any. Or they were too general.

    I actually extracted all the data for years out of a database of problems that occurred and used that to develop a standardized list of Risks that should be reviewed for a project. I also identified recurring problems and the resources and time (cost) that was spent annually. There was some red faced management when the CIO asked why he hadn't heard about this before.

    Not a perfect world Jerry, but we try.
    Jul 5, 2015. 01:20 PM | 1 Like Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    Well said Charlie. There is always risk and and sometimes the best plans don't work. Learn and don't repeat. I got taken to the woodshed a few times in my life. LOL
    Jul 5, 2015. 11:36 AM | Likes Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    5k? I'm heading out to Walmart right now.
    Jul 5, 2015. 10:43 AM | Likes Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    It's always easy to be a backseat driver. There is no progress without some issues, you learn and move on.
    Jul 5, 2015. 09:40 AM | 2 Likes Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    Jerry, I've worked for three large corporations and everyone has had a large team of lawyers on staff and consulting just because of lawsuits. It's just a given if you are in business.
    Jul 4, 2015. 02:08 PM | Likes Like |Link to Comment
  • How To Be Sure You Won't End Up Eating Cat Food In Your Retirement [View article]
    AS, I agree, we paid extra just about every month and refi'd into a 15 when we felt comfortable.

    Sure, property taxes, insurance and maintenance add up, but it's still less then a nice 3 bedroom apartment and housing prices have gone from a buyers market to a sellers market now. I'm up at least 50k in value in the last two years because of the housing market. I like owning and not renting.
    Jul 4, 2015. 10:22 AM | 3 Likes Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    Jerry, I've done very well with BP and expect to in the future. BP has raised the dividend 3 times in the last two years. Actually the settlement is in BP's favor. No way I would sell BP especially now.
    Jul 4, 2015. 10:15 AM | 2 Likes Like |Link to Comment
  • Spill settlement lifts major overhang for BP, but next move far from certain [View news story]
    I like your opinion watermark302.
    Jul 4, 2015. 10:00 AM | Likes Like |Link to Comment
  • Make A Decision Already [View article]
    You know George, I often wonder what would happen if the internet died. Back in 68, I was replacing a 4 cylinder engine in a Chevy II with a 283 V8. Worked on it laying the garage at 0 degrees F, It was a lot of figuring what to change including the driveshaft and rear end assembly. Made some money racing other cars as I put huge mufflers on it to keep it stock sounding.

    Point: Sitting at the computer all day in opinion just doesn't give you all the experience you need to think outside the box and get the task done. To dependent on what you read. In IT, there was a difference between those that would find a way to make it work and those that gave up.

    Yeah, I'm a computer nerd, but like hanging out working on something instead of hiring someone to do it.

    The Hemi Cuda's were fun along with the 428 Mustangs and 427 Camaros.
    When I put a roots supercharger on a Mustang in 2004, it brought back memories of driving a big block with the big low end torque.

    Must be getting old...................... LOL
    Jul 4, 2015. 09:57 AM | 1 Like Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    Hey Karl.

    BP is 5% of my dividend income, so I'm a little partial to BP. Short term who knows about the price, but I think it will be higher in 2016 along with another dividend increase. People forget there was 2 or 3 dividend increases in the last two years.
    Jul 3, 2015. 02:42 PM | 1 Like Like |Link to Comment
  • BP confirms settlement in Gulf of Mexico spill claims, agrees to pay $18.7B [View news story]
    Last what?
    Jul 3, 2015. 10:21 AM | Likes Like |Link to Comment
  • What's Next For BP Following The $18.7 Billion Settlement? [View article]
    Is the settlement actually signed? BP is not a Biotech and in a down oil market. I thought the volume and price was about right. It was a nice bonus to the dividend check from BP I got. Overall, it looks to me to be a decent settlement because of the payment term, inflated dollars, and part of it being tax deductible which will upset some politico's.

    Why would anyone sell now with the settlement and not have sold prior? Give the stock 30 days and if the market doesn't fall apart, I think BP will be higher still.
    Jul 3, 2015. 10:16 AM | 5 Likes Like |Link to Comment
  • Spill settlement lifts major overhang for BP, but next move far from certain [View news story]
    Apparently part of the money paid as a fine is tax deductible. So the real money is around 15b. It will be paid in inflated dollars over time. BP is leaner now and going after leases and business globally. BP even bid and won leases in the Gulf of Mexico.

    I think the reduced settlement is going to make BP a bigger target. However, I will be happy to see BP stay independent.
    Jul 3, 2015. 01:26 AM | 2 Likes Like |Link to Comment
  • A Dog Of A Week - A Tale Of 3 Flags [View article]
    Mark, yes the dividends you forget about are nice. I'm a big dividend fan and invest primarily in dividend stocks. That's why I loaded up on Utilities last week since the sector was beaten up.

    I did close one trade with UVXY that was good for just over 9 points. VXX and XIV were to others that did well, but didn't approach 9 points.

    BP and KRFT were my other wins for the week.

    Basically, my portfolio was out of sync with the market. Trying to adapt to the market without getting killed.
    Jul 2, 2015. 11:59 PM | 2 Likes Like |Link to Comment
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