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  • My 2013 IRA Additions: Amazon, Tesla, LinkedIn, InterActive And Lorillard [View article]
    Personally, I would not have selected Amazon or Tesla. These don't pay dividends, and their stock prices are too high and volatile. This does not mean I don't like them, but I like more bang for my buck. As a retiree, I select mostly dividend paying stocks, generally stocks priced up to $100. You have several stocks paying dividends which is all for the good. You may wish to rethink to focus on dividend paying stocks. It's okay to speculate as long as you have some idea of what to expect.

    When I select stocks, I look at their fundamentals and what the future holds for them, and how long they've been established companies. Because my time horizon is much different than yours, I have to think 20 to 40 years from now. I don't think I'll reach 100. However, I do think my spouse will be around as she's much younger. She'll inherit both my Roth and Traditional IRA's. Because I now have to withdraw RMD's from my traditional IRA, long ago, I made sure that I would accumulate enough cash to take the withdrawals without having to sell stocks for cash. So far, I've earned a healthy surplus of dividends and sufficient cash to take the RMD. If I had started out at your age, I would even be in much better shape. It's amazing how dividends pile up and it's a great idea to do dividend reinvestments.

    Seekingalpha is my preferred website for stocks and bonds. When I meet with young people, I tell them about how much you can learn from some of the very best investors in the business. It's a good idea to be in the market and not out of it. I don't earn much interest on bank accounts. And, yes, I do make some bonehead market moves, but overall, I'm doing well. Even the pros are not perfect. Failure is the tuition you pay for success.
    Apr 11 11:33 AM | 1 Like Like |Link to Comment
  • Seadrill's CEO Discusses Q4 2013 Results - Earnings Call Transcript [View article]
    It's torture to understand what is being said. It would have been better off not to have posted this diatribe I own SDRL, and I really wanted to understand more of what they intend to do in the future. If anyone paid for a translation, they got screwed.
    Feb 25 05:35 PM | Likes Like |Link to Comment
  • Forex probe uncovers evidence of collusion [View news story]
    Everyone involved in these sorts of schemes should lose their jobs, their financial licenses, and barred from trading on any stock exchange. There is simply no excuse for this chicanery.
    Dec 20 11:06 AM | 2 Likes Like |Link to Comment
  • Blow to banks' hedging in Volcker Rule [View news story]
    Are you forgetting? Banks knowingly sold bad mortgage investments:

    "The behavior that the largest U.S. bank admitted to, authorities said, is at the heart of what inflated the housing bubble: lenders making bad mortgages and selling them to investors who thought they were relatively safe. When the loans started turning bad, investors lost faith in the banking system, and a housing crisis turned into a financial crisis."
    Dec 5 05:21 PM | 4 Likes Like |Link to Comment
  • Blow to banks' hedging in Volcker Rule [View news story]

    What is this called? " AIG was a major seller of "credit-default swaps," essentially insurance against default on assets tied to corporate debt and mortgage securities. Weakness at AIG could force financial institutions in the U.S., Europe and Asia that bought these swaps to take write-downs or losses."
    Dec 5 04:58 PM | 1 Like Like |Link to Comment
  • Blow to banks' hedging in Volcker Rule [View news story]
    Banks failed the economy and Main St. had to bail them out. Enough of this! Given the opportunity, they will continue to find ways to play casino games in risky investments. They need more scrutiny, not less. Dodd-Frank still didn't go far enough. I can easily predict that a bank or banks in the future will still enter into highly risky investments on the sly.
    Dec 5 01:11 PM | 6 Likes Like |Link to Comment
  • I'm Not Investing In GOV Since The Thrill Of Victory Isn't Worth The Agony Of Defeat [View article]
    Jreay. I appreciate very much your response. All too often, we get people in the private sector who enjoy beating up on our government. As if the corporate world has never failed at anything or businesses that were not well run. Let's never forget that greed was at the very heart of the big meltdown back in 2007. It was the good old federal government that bailed out the big banks and a number of corporations. Main St. took a terrible beating at the hands of the banksters and corporatists.

    We have far to much of political gamesmanship with the anti-government crowd. It's not healthy to keep bashing governments. Perhaps, if we had more people like Brad getting involved in government, he can bring his talent and knowledge to help make governments run much better. It's far too easy for people who've never worked for the government to join the anti-government bandwagon. If you've never worked on the inside, it's easy to bash from the outside.

    I enjoy Brad's articles who's proven to be one of the best at specialized real estate investments. He's a great teacher, and I do so appreciate that he's taken his valuable time to enlighten all of us in his area of expertise.
    Nov 4 03:33 PM | 3 Likes Like |Link to Comment
  • Cramer's Mad Money - 10 Stocks Money Managers Will Be Buying (9/26/13) [View article]
    Why does Jamie Dimon get to wear a teflon suit? He's been JPM's top dog and I don't believe in rewarding failure. Yes, he's made billions for them, but he's also had far too many scandals and has lost billions too. Had he been more involved in providing oversight of the London Whales, for example, this is one scandal that could have been avoided entirely. But, it seems to me that he's getting off far too easy, and I suspect he knew more about the London Whales, but looked the other way, until they got caught. I think he's been complicit in many of JPM's schemes, but because he's Wall St.'s darling, no one wants to criticize him. He's not indispensable. It's time that the Board look for his replacement. I don't trust him at all.
    Sep 27 05:36 PM | Likes Like |Link to Comment
  • The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. [View news story]
    For those who've not be apprised of how precarious the big banks are at risk, you should be reading Ellen Brown's many articles and books on the TBTF banks. It's devastating.
    Apr 15 03:29 PM | Likes Like |Link to Comment
  • Plea To Nokia: Improve Your Financial Statements! [View article]
    Sunil, Thank you for looking after my investment in Nokia. I would expect them to respond to your accounting analysis. I had hoped they would have had a turn-around long before this time. It's still a good company, however, someone or a lot of bodies were asleep at the wheel. Did any of top executives keep pace with what was going on in the smart phone business? I doubt it. This is a fast moving market, and it seems that Nokia could not get their act together to compete much sooner. Is their business model flawed? I would expect their personnel to include some top notch tech gurus. Their Lumia is trailing, and although it's received some good reviews, it's not caught on as a must-have product.

    If they don't get much greater improvement, then I suspect they may be a buy-out for a much larger firm that will close down some areas of Nokia and keep the best. I keep thinking they are on a cliff hanging by their fingers.
    Jan 19 03:00 AM | Likes Like |Link to Comment
  • Retirement: It's All About Savings, Part 2 [View article]
    We paid off our mortgage earlier this year. Now we can invest much larger sums. Our motto is to never buy something unless we have the means to support it. Like many who've posted, I was also not too aware about investing in my earlier ages. Well, I was really not earning enough to make even modest investments.

    Eventually, I got a decent education and managed to get some well paying jobs. I began as a DRIP investor, and then I was able to invest into both IRA types. My wife is an accountant, and we are on the same wave-length when it comes to spending and saving.

    It's too bad that the vast majority of public high schools don't teach anything on business and economics. Younger people need to be aware of their choices as they age. I remain optimistic about America as we do have a great mix of peoples that want to use their brains and talents to make the country a better place. If only we can get by the nasty politics.
    Apr 13 06:15 PM | 1 Like Like |Link to Comment
  • House Majority Leader Eric Cantor says it's time for Americans to "come to grips with the fact that promises have been made that frankly are not going to be kept for many," and young people must "adjust" to a future with fewer entitlements. Straight talk for a change, or a betrayal?  [View news story]
    For the unbelievers out there, mainly you belly-aching Republicans. Someone took the time and trouble to list by year and by presidency, the deficits going back to 1789.

    Get to the bottom line, hang on to your cajones if you got a pair:

    Republicans 71.65% & Democrats 28.35%

    And the Dubya boy's record will make you barf as a % of what the Dems did. Bring out the barf bag.

    Now, you may wish to calm down your belly with some really old stuff used for ages and still used to this day, very potent> Belladonna

    Or, your only other option is to continue belly-aching.
    Aug 5 04:49 AM | 1 Like Like |Link to Comment
  • House Majority Leader Eric Cantor says it's time for Americans to "come to grips with the fact that promises have been made that frankly are not going to be kept for many," and young people must "adjust" to a future with fewer entitlements. Straight talk for a change, or a betrayal?  [View news story]
    Where were all these pro-Republican clowns and Tea Party nuts when Bush was breaking the bank during his 8 years of military funding for Iraq which was off-the-books and his Medicare Prescription Drug Program with no funding attached to it?

    Existing on the Internet is a US Treasury report which clearly shows which presidents have racked up the greatest deficits since Ronald "McDonald" Reagan. Bush Jr. was the worst and he left a huge mess to clean up. The American public clearly knows via polling that he takes he fall for this recession. The more the Republicans show their dirty hands, the worst it becomes for them to the general public. Forget the Tea Party, they are vocal minority backed by the Koch Brothers whose firms are the leading cause of pollution in America. I guess that's what these Tea Party nuts have bee inhaling for a number of years. They now have toxic brain cells.
    Aug 4 05:24 PM | 3 Likes Like |Link to Comment
  • House Majority Leader Eric Cantor says it's time for Americans to "come to grips with the fact that promises have been made that frankly are not going to be kept for many," and young people must "adjust" to a future with fewer entitlements. Straight talk for a change, or a betrayal?  [View news story]
    If the American public has to cut back on Medicare, Medicaid, and SS, then we citizens should demand that our US Congress cut back their lifetime pensions, make them pay for their health insurance, and no more automatic salary increases. People like Cantor think they are above ordinary average Americans. He serves at our wish, and not the other way around. They think they are so privileged. It's time for the people to wake up and throw a bunch of these clowns out of office.

    Eric Cantor is one of those despicable Republicans who must be an Ayn Rand ideologue like that other Rand fanatic, Paul Ryan. It's been the Republicans who've left us our greatest deficits. It started with that over-hyped, Ronald Reagan.

    I begin to wonder why these Republican Senators and Representatives owe more to someone like Oliver Norquist than to the American public. They pledged no taxes to him. But, they all took an oath of office to protect the American people. As far as I'm concerned, they are traitors when they held hostage the debt ceiling. That is not protecting the American people, that would have been destroying the economy. These people are hypocrites.
    Aug 4 03:08 AM | 2 Likes Like |Link to Comment