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kevin hart

kevin hart
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  • Stay On The REIT Track And Sleep Well At Night [View article]
    It is instructive to go back to basics of investing 101. When buying any stock, either for income or growth, one is buying an anticipated future stream of cash flows, appropriately discounted to one's individual required rate of return. At times, the market will provide these cash flows sooner than anticipated. Such was the case with REITS this week. In the case of Realty Income, I sold on Tuesday at $55.05, and liquidated my position entirely. I was able to realize 7 years of anticipated cash flows in < 1 year. I had a risk free alternative (paying down debt on investment real estate). It made absolutely no sense not to lock in these gains and pay down debt on another income producing property. REIT distributions don't receive favorable tax status, and are treated the same as short term capital gains, hence the barrier to sell is lowered.

    I think O is a good company, but its stock had simply become over priced. One has to continuously reassess market positions, and if they stop fitting the initial investment premise it's time to consider selling. An appropriate question is, "Would I buy this asset at its current price, given my required rate of return and time horizon, and current position?" If the answer is no then one should probably look for better alternatives and sell.
    May 27 11:05 AM | 3 Likes Like |Link to Comment
  • Frontier: What's The Deal With The Dividend? [View article]
    "Country Link"? You lost my interest in the first paragraph. Sorry, accuracy counts when purporting to give investment advice.
    Mar 27 10:32 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Grows Capacity, Raises Distribution [View article]
    I have always found it fascinating that KMR sells at a signficant discount (currently approximately 7%) to KMP for effectively the same return. Any ideas as to why this is the case?
    Jan 21 09:12 PM | Likes Like |Link to Comment
  • Why Malls Are Getting Mauled [View article]
    Interesting article. The online world is definitely having an impact on our collective retail shopping profile.
    Dec 25 11:36 AM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    If you like it the programming, then feel free to support it, as you are part of the market. I personally have better things to do with my time than watch Bill Moyers' Journal, and thus I shouldn't be forced to pay for your enjoyment.

    Unlike a road, PBS is not a common good, and there are multiple substitutes both over the air and cable media as well as online. If there is a market for this programming, then let the market support it. If not, then let it go.
    Dec 15 09:49 AM | 2 Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    I see it every day. Pain medication addiction and those with "fibromyalgia" getting disability are two more great scams out there. Guess who pays for this nonsense?

    PBS is another big scam. How about the Children's Television Workshop and the latest scandal with the Elmo puppeteer? Why should we subsidize Bill Moyers? There are plenty of for profit corporate sponsored TV stations who offer quality programming, PBS needs to go away if it can't sustain itself as an independent business concern, free of taxpayer subsidy. Liberals will argue that PBS support it isn't that much in the grand scheme, but each one of these wasteful misadventures, contributes to the failure of the system. We have to start somewhere.
    Dec 13 08:57 PM | 1 Like Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    cs,
    Have you ever witnessed firsthand the abuses in healthcare that the entitlement society has created?
    Dec 11 11:16 PM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    You don't need to challenge me, I gave you the answer. I didn't lie. I do earn a very comfortable living. What you don't seem to understand is that I'm not a trust fund kid, I'm relatively young, and the majority of my income is earned through my regular job, not through multigenerational investments. Hence I have not had the advantage of compounding my investments over time. Because of this punitive tax code, I am robbed of the magic of compounding.

    What you and the rest of the lay press don't seem to get is that the greatest disparity in income isn't between the 50th and 99th percentiles, it's between the 99th and 99.9th percentiles. http://bit.ly/S8cpRz

    There is a group of people in the upper 6 figure range who are much closer to the factory worker in income, yet they are taxed and treated as if they have billions. The so called working rich crowd. This class does not have private jets, offshore accounts, etc., yet they are lumped in with ultrawealthy hypocrites such as Buffett. If you are all about "fairness", please tell me what is fair about this scheme. I don't see the ultrawealthy calling for a tax on net worth. It's the, "Screw you, I got mine" mentality.

    The tax code shouldn't be about robbing one taxpayer of the rewards of his hard work and giving it to deadbeats and special interests. The tax code should requre all to contribute equally in proportion to their income over a certain threshold. A flat tax rate is the most equitable way to accomplish this goal.

    I again invite anyone who feels they don't pay enough tax to quit complaining about us who have differing opinions and write a check to Uncle Sam. This will help assuage your feelings of being undertaxed! If you don't write the check, please stop lecturing us about "fairness". We don't want to avoid taxes, we simply want to keep the majority of what we earn, and we are disgusted with the way our capital is being wasted by an inept federal government which is beholden to special interests.

    BTW cstauffer, have you ever witnessed first hand the waste and abuse that these wonderful social safety net programs create? I have, and it's disgusting.
    Dec 11 11:08 PM | 1 Like Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    My effective fed tax rate last year was in excess of 30%, exclusive of SS, medicare, state taxes, county taxes, etc. If we utilize obama's ideas, my deductions are reduced or eliminated, which means I don't benefit from the same benefits everyone else gets. You need to realize there is a class of people in between the hourly worker and Bill Gates, we are much closer in income to the former but taxed at the same rates as the latter. To paraphrase the lefties, where is the "economic justice" for us?? It's very easy for the 41% who pay nothing to vote for the rest of us to pay more! That, my friend, is a crime.

    I again invite anyone who feels as if they don't pay enough taxes to please write the check.
    Dec 10 09:16 PM | 1 Like Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]


    Memo to Rich: Federal plus state plus county plus social security plus medicare >> 40%, all on income.
    Dec 10 08:36 PM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    I'm not even griping about the current tax rates. I can live with a max fed rate of 35%, plus all of the other taxes, such as SS, medicare, etc., although I do think they are excessive. Adding another 4% and discriminating against me vis-a-vis denying me deductions that are available to others is not equitable. This effectively robs me of 50% of my income. Unfortunately, I doubt that I will see Jesse Jackson and Al Sharpton taking up my discrimination case.

    I find it disturbing that government continously wastes capital without reprisal, and cranks up the rhetoric against the so called rich. The cases of government waste go on ad infinitum: Davis-Bacon Act, Solyndra, PBS, NPR, SSDI, WIC, direct farm payments, "green energy", free golf carts, FANNIE MAE, foreign aid, track phones, etc. The leaks need to be plugged before going to the taxpayer feeding trough yet again.

    I understand that there are others who feel differently than I do, and if that is the case, please feel free to pay more taxes if you truly believe there is "unfairness" in the tax code, or if you think uncle obama is a better steward of your capital than you are.
    Dec 10 08:33 PM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    35% federal, 4% state, 1.79% county, plus medicare, etc. Do the math, it's > 40%.
    Dec 10 08:18 PM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    cstauffer,

    Perhaps I was unclear. I have no problem paying taxes, but I have a big problem with the fact that over 40% pay nothing, and many of them game the system (case in point skyrocketing new SSDI claims over past couple of years) in an unchecked fashioned. I pay 40% of my income in taxes, I'm not poor, but I certainly don't own a private jet. I make a very comfortable living, but earn nothing like that of a large corporate CEO. Nonetheless, I am lumped into the same category and expected to pay the same rate, and that is an outrage.

    Before raising anyone's taxes, cut the waste and fraud. A major change is tax policy is indicated so that everyone takes ownership of this problem. Bowles-Simpson is a great starting place, but, obama, has decided to ignore the recommendations of his own committee. This tells me his motivation in raising taxes on the top 2% is purely vindictive. Read his books (written in the spirit of Mein Kampf)!

    I personally think a flat tax on all income above a certain threshold with minimal deductions, coupled with major waste cuts is the most equitable way to solve this problem. This pain needs to be felt across all levels of society. Get the government out of our way and we will prosper. Where is it stated in the constitution that the federal goverment is to be the arbiter of wealth stratification? This country was founded by people who were tired of paying excessive taxes, and it appears as if we have now come full circle.
    Dec 9 08:43 PM | 5 Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    alf,

    I beg to differ. What is more shocking is this confiscatory government believing that it is entitled to >40% of my income! I get nothing in return, and villified in the media. This is legalized theft.

    What is equally shocking is that we allow 50% of the population to exist and pay virtually nothing! This, in contrast, is legalized freeloading.

    There has to be an equitable middle ground where all pay a reasonable rate. I use the word equitable as a substitute, because I'm sick of hearing about "fairness", another liberal buzzword for theft!
    Dec 9 07:57 PM | 6 Likes Like |Link to Comment
  • Revisiting ConocoPhillips Value Proposition [View article]
    I own quite a bit of COP, and also was fortunate enough to benefit from the PSX spinoff. Going forward, in this oil market, I have concerns about COP dividend growth. The last dividend hike was in Q1 2011, and earnings peaked in Q3 2011. COP also has divested itself of some hard assets recently, presumably to maintain a healthy balance sheet.

    I also realize that with the PSX spinoff, it's hard to do a head to head comparison. In the framework of a recent spinoff, a constant dividend is tantamount to an increase.

    What are your thoughts on earnings and dividend growth going forward?
    Dec 8 06:42 PM | 1 Like Like |Link to Comment
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42 Comments
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