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Econovan

Econovan
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  • Why Goldman Sachs Is Wrong On Gold [View article]
    Great insight, but you stopped two steps short. "Benefit" is a relative term; investors that have the foresight to realize this opportunity today may have the only currency needed to buy guns and pay for a private army to protect themselves. A return to the dark ages would be the best possible outcome if/when this plays out.
    Sep 17 10:28 AM | Likes Like |Link to Comment
  • Gold Headed Lower As Strong Dollar, Higher Interest Rates Loom [View article]
    I would not bet on the dollar since it is the current beneficiary of chaos and declining interest rates around the world. The Federal Reserve can't really afford to raise rates because a strong dollar will undermine the US economy, which is already at risk due to weak overseas markets. So I expect rates will stay low here indefinitely and eventually foreign capital will tire of losing money to inflation. Will gold benefit, or will equities continue to reign? I'm betting mostly on equities with a smaller bet on gold.
    Sep 16 04:07 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    Pendragon, thanks, that's what I was afraid of. I guess the MLP income in my case is a function of how much I owned and how long I owned it. Learning for later...
    Aug 7 02:37 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    Thanks Snoopy, I was new to MLP investing and after buying ARLP I was up 8%, then down 5%, then up 10% again in about a month. I don't know how it gets such a low beta, but maybe lately it's a little more volatile than normal. Anyway, it takes me a few months to get over the initial paranoia with a new investment, plus I have never done K1s before, so I just chickened out. Maybe I'll try again later - thanks again!
    Aug 7 01:47 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    I bought ARLP a few months ago in a taxable account and got scared by the volatility, so I took a 10% short term gain and sold it before my first distribution. Would that just be a stock transaction or would I still have K1 tax issues? Generally, are these things tradable or would that just create tax nightmares?
    Aug 7 10:17 AM | Likes Like |Link to Comment
  • Bank Of America: One Last Blow Of Penalty Remaining [View article]
    Hmmm, consumer relief. Something tells me groups like ACORN are standing at the counter with their hands out for that money.
    Jul 18 11:27 AM | Likes Like |Link to Comment
  • BofA ups mortgage settlement ante [View news story]
    Guns take gold.
    Jul 16 02:14 PM | 1 Like Like |Link to Comment
  • What To Do When You Can't Find Anything To Buy [View article]
    I like GUNR because it's upstream and excludes many stocks that have energy costs potentially holding down earnings (like chemical companies). Also it's global so it diversifies better. Higher rates can make it drop like a rock though, so I'm waiting for a drop to buy more.
    Jul 3 12:10 PM | Likes Like |Link to Comment
  • Is Now The Time To Seek Inflation Protection? [View article]
    I'm concerned about using ETFs to invest in bonds, because of the liquidity mismatch. I prefer to just buy several short term bonds instead, but would like to diversify more. Does anybody know about a defined maturity bond fund that restricts withdrawals before the maturity date? That would prevent the fund from having to liquidate bonds at a loss in the event of a sudden spike in rates.
    Jul 3 09:28 AM | 1 Like Like |Link to Comment
  • The Bond Trap [View article]
    The fact is that a lot of people like locutus49 are also waiting for a big correction to buy into. What I worry about is the tertiary effect that the bounce after that correction will fall short of the bull market trend line and result in the final-final shoe to drop. I fear we'll all be under it like little roaches scurrying for the cracks in the sidewalk.
    Jun 25 11:17 AM | Likes Like |Link to Comment
  • Bank Of America Versus The United States Of America [View article]
    Why would they do that - Angelo Mozilo was the head perp. Moynihan just walked into a political trap.
    Jun 23 11:53 AM | 5 Likes Like |Link to Comment
  • Why Cisco's Tail-F Acquisition Could Be Positive For Investors [View article]
    I don't know how much revenue can be attributed to the telcos right now as they face this game of chicken that TMUS started, and their capex budgets are suppressed to support their high dividend payouts? Not to mention pension liabilities...
    Jun 19 05:14 PM | Likes Like |Link to Comment
  • Bank Of America: A $17 Billion Bombshell In The Making? [View article]
    The entire banking system is now in peril because DOJ is flexing the Obama administration's political muscles for election year politics. Other banks are down significantly because settling a DOJ lawsuit doesn't mean they won't come back for more blood later. Until this anti-business sentiment goes away (hopefully after the election) all businesses are targets, particularly big banks.
    Jun 11 02:18 PM | 7 Likes Like |Link to Comment
  • Bank Of America: Relief Rally Coming And Here's Why [View article]
    My father flew cargo over the hump in the CBI theatre from 1944-1946. He would be 96 now.
    Jun 10 06:41 PM | Likes Like |Link to Comment
  • Bank Of America: Relief Rally Coming And Here's Why [View article]
    I agree with the author, most of these cases are government extortion. When you punish the company you punish all shareholders and employees, not just the perpetrators. If there was fraud there should be people who committed the fraud. Either make a case against them or drop it!
    Jun 6 08:51 AM | 10 Likes Like |Link to Comment
COMMENTS STATS
59 Comments
93 Likes