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  • Apple Stock: Affirming My $140 Target By The End Of May [View article]
    And what did you buy with the money?
    May 10, 2015. 06:02 PM | 1 Like Like |Link to Comment
  • 5 Things To Ponder: Margin Of Safety [View article]
    The richest person I know who made money investing (not inherited) is buy and hold of quality stocks. She also has some muni bonds for income. She's 97.

    No one ever got rich without equity returns, either by owning stocks or by owning their own business or properties.
    What most paid advisers do is keep their clients in some bonds or bond funds so that they won't get yelled at if the client's total balance on the statement shows a drop over a year.
    Many who have timed the market lose out on the few awesome days during the year in the stock market.
    Slightly off the subject, I hope the readers know never ever go to someone at a brokerage: Merrill Lynch, Morgan Stanley, UBS. They provide nothing for the thousands you pay them from your returns.
    May 10, 2015. 11:20 AM | 1 Like Like |Link to Comment
  • Apple Stock: Affirming My $140 Target By The End Of May [View article]
    I wish Apple would stay where it is for a while, I get more free Apple shares from the dividends that way. I want more shares!

    It's fun to guess what will happen.

    Yellen is just expelling air. Interest rates are low because the economy is crawling and has done so for 6+ years. Nothing has significantly changed. I guess "cash for clunkers" and "shovel ready jobs" didn't really work.
    May 10, 2015. 09:54 AM | 10 Likes Like |Link to Comment
  • What Oil Price Is Sustainable? [View article]
    What about natural gas?
    Natural gas can be an oil substitute in some uses, e.g. powering cars, trucks and buses.
    So, maybe this will also impact oil needs and prices also.
    Last night I saw a Twilight Zone when a girl got gasoline for 27 cents/gallon. It was 1960.
    Adjusted for inflation, it was about $2.45/gal. Except in those days, we didn't pay 50-70 cents/gallon in tax.
    May 8, 2015. 04:51 PM | 2 Likes Like |Link to Comment
  • Learning From The Masters: Q&A Session With Chowder [View article]
    I saw a couple of things that made me want to comment.
    That there have been large downward fluctuations of mutual funds would not be a reason for me to abandon them. But it does test your intestinal fortitude to not sell things at such times.
    Mutual funds have a dividend component even if they are growth funds. Some websites like T.Rowe Price let you see this number if you look for it.
    I think some growth is a good thing, some capital appreciation is a good thing to have.
    Some of Chowder's favorite investments mentioned were utilities and telecoms, but they are regulated, maybe this can stifle their growth. On the other hand, they are also regulated to guarantee profits so maybe I am wrong.

    Some investments are tax efficient. My father's taxable account portfolio has both dividend and interest funds (Wellsley income, High yield corporate, Equity income) and tax free(high yield muni bond, tax managed capital appreciation) almost tax free (total stock market index). His IRA contains other things including Vanguard Dividend Growth, Wellington, etc.

    I think it's always fun and possibly profitable to have 20% of your investments things that can grow and appreciate capital but this is not necessarily your core investment.

    Or forget all of it and buy Dodge&Cox Stock fund.
    May 8, 2015. 10:20 AM | Likes Like |Link to Comment
  • What Elon Musk Is Really Selling [View article]
    Musk is selling baloney based on non-scientists who have no clue.
    First, it is actually impossible to prove that we are causing global warming. However, what was recently proven is that those "climate models" were all *wrong*. The earth's temp didn't significantly rise in over 15 years while CO2 and "models" predicted it would be boiling.
    Second, batteries are not energy creators. They store energy.
    In Northern CA energy is made at Moss Landing Duke Power by burning natural gas.
    A Tesla in California was likely powered by natural gas charging the batteries.
    Global warming is a religion. Centuries ago humans were sacrificed on pyramids to appease the gods of rain and sun. Belief in non-existent powers is nothing new and neither is sacrificing something to them.
    Musk is a reincarnation of snake oil salesmen. I hope he goes to live on Mars very soon.
    May 7, 2015. 12:24 PM | 5 Likes Like |Link to Comment
  • Deleverage Your Portfolio Before The Market Forces You To [View article]
    I own Vanguard High Yield Corporate for the interest payments, I don't worry about the NAV that much. I bought it to provide extra income.

    I don't see a recession although the economy has crawled at 2% GDP growth for 6+ years. I also don't see a big rise in interest rates but you never know.

    I disagree with the concept of selling anything to change asset classes, e.g. sell something to buy cash? This will trigger taxes if it's not in a retirement account, e.g. IRA.

    It's a function of your age also, when you want income you need it from various sources: systematic liquidation of IRA, bond funds, dividends from stock funds, immediate annuity, etc. A new addition is Vanguard Payout Fund which is a balanced fund that tries to pay out 4% without depleting your principal investment.

    One guy has the solution down in Florida: $12 million in muni bonds, probably clips coupons before he heads to the early dinner specials.
    May 5, 2015. 10:46 AM | 3 Likes Like |Link to Comment
  • Herbalife's Top Distributors Hold Warehouses Full Of Product In Mexico - Why? [View article]
    Maybe they should call it "Herbal Pyramid Life" instead.
    May 1, 2015. 08:58 AM | 7 Likes Like |Link to Comment
  • Apple: Zenith Behind Us, Nadir On The Horizon [View article]
    My two cents:
    If the author is really short for all these years, why hasn't he gone broke? Or was it just a pretend short with no actual money put at risk?
    Why would anyone short a sales juggernaut like Apple? I can understand shorting a whole bunch of other choices.
    Why would you short a stock with such a relatively low P/E ratio? Why not short something that has a high P/E but low sales and profits, e.g. Tesla?
    Why bother gambling on the future of things going wrong for a business that has become so successful creating entirely new products out of nothing?
    There will inevitably be a day of "peak Apple", when everyone owns an Apple product or two. This may not be in my lifetime or the author's.
    Until then, it seems silly to bet against Apple.
    Sure, Android is more fun on tablets and phones, but it doesn't matter much to all consumers evidently.
    Apr 30, 2015. 04:21 PM | 1 Like Like |Link to Comment
  • With The Market Overpriced, Here's What To Do [View article]
    Good point. I see a good return on my Vanguard Total Stock Market Index investment since I bought it about 1993.
    Apr 30, 2015. 09:09 AM | Likes Like |Link to Comment
  • With The Market Overpriced, Here's What To Do [View article]
    The price of stocks is made in a public auction when trading can happen. This auction is fickle and how expensive or cheap it may seem is entirely relative.
    Deciding to buy or not buy stocks should be based on your 1. age 2. purpose 3. future needs not on whether you think it's "expensive".
    I want more capital appreciation before I have a head of gray hair. I know what to do: buy stock mutual funds.
    Since interest rates are zero and the dollar is rising, USA stocks seem reasonable to me today but actually that would not change my behavior.
    I am fully invested because over a year that 10% gain may actually be just a few trading days.
    Re: emerging markets. Stay away from them. I would however recommend companies that sell and profit there, e.g. Nestle, Deere, Caterpillar, etc.
    Besides USA stocks I also like Swiss stocks.
    There are exceptions that prove the rule. You could own China Mobile and be making money on the dividend while the stock ran up in the last year.
    Apr 30, 2015. 09:06 AM | 1 Like Like |Link to Comment
  • With The Market Overpriced, Here's What To Do [View article]
    How can you own a 50 stock portfolio for $100?
    You can own a mutual fund with no minimum if you sign up minimum monthly payment from your checking account.
    I don't believe fund managers are a waste. I think if you get good ones from a few companies they will add value:
    Primecap management, Dodge&Cox, Wellington Management, T.Rowe Price, Vanguard, Fidelity. These are all the names anyone needs to know.
    I have Primecap managing my Vanguard Primecap and Capital Opportunity funds (expense ratio=0.40%)
    Index funds of course add some value which is diversity because I cannot afford to buy the Wilshire 5000 index of stocks but I can afford to buy Vanguard Total Stock Market Index Fund. (expense ratio=0.05%=$50/$100,000)
    Some guys like buying/owning/trading stocks. I don't think that is within the capabilities or time of most people so I would never suggest it.
    Collecting your favorite stocks after you have met your needs with mutual funds is a fine hobby and will be more profitable than collecting cars or motorcycles if you have the skills.
    Apr 30, 2015. 08:50 AM | 3 Likes Like |Link to Comment
  • With The Market Overpriced, Here's What To Do [View article]
    Sorry I thought this was all wrong.
    You can own stocks you pick and may beat total stock market index if you are 1.lucky 2. Skillful 3. Have the time and inclination.
    You likely will not, and unless you have 50+ stocks, you have risk from low diversity.
    You can pick great mutual funds if you 1. Stick to good fund families 2. The manager is good 3. You aren't chasing a fad fund (janus)
    Remember expenses and taxes reduce your returns.
    You do not need an emerging market fund.
    I also don't think the US stock market is overpriced. Is Apple overpriced?
    My solution is own both Vanguard index funds and some managed funds.
    Apr 29, 2015. 11:42 PM | 5 Likes Like |Link to Comment
  • The Case That Apple Is Worth At Least $200 A Share [View article]
    As an Apple shareholder, I am glad Apple execs show the brains and responsibility to us (shareholders of a public company) to "evade taxes" as you put it.
    The U.S.A. corporate tax rate is outrageously high compared to other developed countries.
    Since you sold your Apple, maybe you want to buy an ETF of Swiss stocks, they all pay LOW corporate taxes.
    Apr 29, 2015. 10:38 AM | 2 Likes Like |Link to Comment
  • Say Goodbye To Your Margins: What Google Fi Means For Verizon [View article]
    I enjoyed this article and the premise seems right to me.
    Verizon is known as expensive and people are going away from contracts and looking for ways to save money.
    ATT bought Cricket to get into the no-contract market.
    Google is taking a page from Republic wireless: $25/month unlimited everything because it defaults to wifi/voip wherever possible.
    The calls I make to Mexico with Facetime Audio are voip and 1. cost nothing 2. crystal clear audio.
    I am old enough to remember we talked very quickly when calling outside our area code "that's a long distance call!"
    Apr 29, 2015. 10:20 AM | 1 Like Like |Link to Comment