Works in Corporate taxation - I see how political correctness makes corporations do really stupid things. Trying keep my employer happy while saving for retirement, children's education, and living on one income. Investing my small inheritance for growth and income so my wife can be home with our children is my primary daily investment focus.I also trade options on SPY and country-specific funds in my self-directed IRA.
I am a 20-something year-old CPA from Ohio. I once read that dead people are the best investors because they don't fiddle with their portfolios, so I'm a strong believer that errors are minimized by only hitting the buy button.
I aim mostly for dividend payers, but I won't shy away from non-dividend paying, fast growing companies if I can get them at a fair price. My lifelong goal is to leave behind a legacy for my descendants in the form of a massive dividend growth portfolio. Below are the stocks I have begun accumulating over the past five years, with intentions to add many more over the coming decades:
AAPL, ABBV, MO, AMGN, OZRK, CAH, CMI, CVS, WBA, FB, FDX, BA, CSCO, FL, GD, GPC, JCOM, KR, UTX, V, PM, PSX, MPC, SNA, SBUX, STOR, TGT, DIS, BOX
There's an old adage : Teach a man to fish and he will eat for life. Updated version: The rule has become : Give a man someone else's fish and he will vote for you ! ..................................................................................................................... Capital is fungible,when used properly it goes where it is best employed. Fiat money in America is created solely as a result of the Federal Reserve system. Therefore it is totally accurate to say that the Federal Reserve system generates our most unfair tax. Both the tax and the system that makes it possible should be abolished. The political scientist who authorized this process of monetizing the national debt and the monetary scientist who carry it out know that it is not true debt. It is not true debt because no one in Washington really expects to repay it, ever. The dual purpose of this magic show is simply to create free spending money for the politicians without the inconvenience of raising direct taxes and also to create a perpetual river of gold flowing into the banking cartel. ........................................................................................................................ Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress's appropriations.The Congressional Budget Office web site's deficit analysis will show this . We have to pay interest* on that huge, growing debt; and it dramatically cuts into our budget.
Forget who wrote this but I liked it.
Some people refer to a "dollar" when actually they mean a Federal Reserve Note? In spite of what is written on the Special Linen Paper with special Ink: in the middle of the bottom "One Dollar". Please do yourself a favor and do not be fooled, it is, as is spelled out across the middle top: "Federal Reserve Note" (NOT a United States Dollar).
Genuine United States Dollars are a thing of the past. They existed long long ago when each and every genuine United States Dollar was backed by three quarters ounce of (very) genuine silver. Repeat: each and every United States Dollar was backed by three quarters of one ounce of genuine United States Silver. No More. Quoth the Raven: "Nevermore" (too expensive, our currency to cheap).
These are Federal Reserve Notes, backed by (hot) air. Beware of them, they are in decline now and there is nothing to stop their further slide, even acceleration in the rate that they slide. They will NOT be stopped, in their decline, by the value of three quarters of one Troy Ounce of Silver. That support/guarantee ended long ago. Back then you could visit any U.S. Bank, during business hours, and exchange paper for genuine silver dollars (real silver). Try exchanging any Federal Reserve Note for a (90% Silver U.S. Morgan or Peace) Dollar TODAY and you might find yourself good for a laugh-out-loud. What you will not get is, in exchange for these Federal Reserve Notes which pretend to be U.S. Dollars (after all it says "Dollar" right there in special ink written on the special linen paper!), a Genuine Silver Morgan, Peace or even an 'Ike' (less Silver but some Eisenhower Dollars have Silver in them) United States Dollar.
In Winter the media and leftist call it "Climate Change" in the Summer they make sure to refer to "Global Warming"
It's always a psychological warfare with the anti-logical left. They need to demoralize those that believe in truth.As a matter of fact they must demoralize their own followers in the democrat party to gain traction. They can't be for good ,they lose power if they are.
Quoting 18th century Scottish historian Alexander Fraser Tytler:
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world's great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependency, from dependency back to bondage."
For I am convinced that neither death nor life, neither angels nor demons, neither the present nor the future, nor any powers, neither height nor depth, nor anything else in all creation, will be able to separate us from the love of God that is in Christ Jesus our Lord.
Romans 8:38-39 (NIV)
This market is a booby trap. I never voted for Trump until it was down to voting for the end of America ala 44 (Hillary), or Trump. I stated at the time of the election in 2016 that if a pro American won watch out they will pump and dump the markets that they have set a time bomb in. And so it goes,the sell out id already baked in the cake,we have been auctioned between a globalist and an individualist. Thank God the CCF has met their match politically. No one could ever out lie the Clinton Crime Family.We will see how much the corruption that Trump is battling turns him into one of them or a warrior for Americans . At least he drew a line in the sand ,even if you don't like the way he fights dirty against the most corrupt people on the planet like Soros etc. The markets will go through the floorboards if they have their way . February 2018
When Buffett started buying silver, it was just under $6 an ounce (silver now trades at over $13). It wasn’t until 2006 that Berkshire made its move to cash in on its hefty investment in silver; however, that move is still considered controversial.
Buffett to the rescue? In 2006, the first Silver Exchange Traded Fund (SLV) owned by Barclays was trying to get approval from the SEC by promising that it would hold silver to back up its shares.
"At that time, the newly proposed fund could only take delivery on a portion of the needed amount of silver because of tight supplies and Barclays was rumored to have borrowed or purchased over 130 million ounces of silver-about the total amount held by Berkshire Hathaway at the time.So about the same time that the new fund (SLV) was looking for physical deliveries of silver, Berkshire Hathaway sold out its entire stock. Buffett said he sold at about $ 7.50.
Subsequently, the new fund (SLV) was approved and went active on the American stock exchange on August 28, 2006.
But the genius of Buffett was called into questions as it appeared that he sold way too early; the price of silver has more than doubled from Buffett’s average purchase price of around $6 per ounce. Many-including Buffett himself- felt he sold out too soon."
This was written by a 21 yr old female who gets it. It's her future she's worried about and this is how she feels about the social welfare big government state that she's being forced to live in! These solutions are just common sense in her opinion.
This was in the Waco Tribune Herald, Waco , TX , Nov 18, 2011
PUT ME IN CHARGE . . .
Put me in charge of food stamps. I'd get rid of Lone Star cards; no cash for Ding Dongs or Ho Ho's, just money for 50-pound bags of rice and beans, blocks of cheese and all the powdered milk you can haul away. If you want steak and frozen pizza, then get a job.
Put me in charge of Medicaid. The first thing I'd do is to get women Norplant birth control implants or tubal legations. Then, we'll test recipients for drugs, alcohol, and nicotine. If you want to reproduce or use drugs, alcohol, or smoke, then get a job.
Put me in charge of government housing. Ever live in a military barracks? You will maintain our property in a clean and good state of repair. Your home" will be subject to inspections anytime and possessions will be inventoried. If you want a plasma TV or Xbox 360, then get a job and your own place.
In addition, you will either present a check stub from a job each week or you will report to a "government" job. It may be cleaning the roadways of trash, painting and repairing public housing, whatever we find for you. We will sell your 22 inch rims and low profile tires and your blasting stereo and speakers and put that money toward the "common good.."
Before you write that I've violated someone's rights, realize that all of the above is voluntary. If you want our money, accept our rules. Before you say that this would be "demeaning" and ruin their "self esteem," consider that it wasn't that long ago that taking someone else's money for doing absolutely nothing was demeaning and lowered self esteem.
If we are expected to pay for other people's mistakes we should at least attempt to make them learn from their bad choices. The current system rewards them for continuing to make bad choices.
AND While you are on Gov't subsistence, you no longer can VOTE! Yes, that is correct. For you to vote would be a conflict of interest. You will voluntarily remove yourself from voting while you are receiving a Gov't welfare check. If you want to vote, then get a job
When will long-term investors have any cash to deploy? If you believe in their mantra, most of them think people should be nearly fully invested nearly all of the time - it is rare to have a long term Buy and Hold investor to keep 30% in cash for buying opportunities. How much of a loss are you willing to suffer waiting for a recovery? 10%, 20%, 30%? Do the numbers and see what kind of gain you will need to recoup to the break even point on several loss levels to get an idea of how long you may need to wait. For example a 30% loss requires a 43% gain to get back to the break even. A 20% loss takes a 25 % GAIN to get back to even.$100,000 - 20% = $80,000 . 80k X 25% = 20,000 +80k =100K There are few assets like PM's that are liquid and have NO counterparty risk. If you know of any that perform that function please post it for all to see. The fact of the matter is that some people ONLY save any money because of Precious Metals. If it were not for their gold and silver many would not have any money saved or invested. They would have Beanie babies or some other fad item. The people that buy Silver Eagles are much happier ten years later when they bought those coins made of PM's for their grandchildren (or whomever) when they find out the $8 - $12 bucks they spent is worth more than they paid.And the recipient learns a valuable lesson from it. There are good gifts and not so good gifts. Silver Eagles rank near the top of the list. Don't underestimate the power for people to develop good savings habits using PM's . It's fundamental. Our welfare system is a huge drain on the economy .Those of us working for a living instead of voting for a living see huge holes in our paychecks every week. As unfortunate as it is to know that cuts to foodstamps and welfare will likely cause a bit of suffering, it’s not the job of the government to forcibly remove money from the pockets of hard working Americans in order to take care of those who won’t work. Granted, there are some people who genuinely need the help, and those folks get dragged into the mud with the abusers, which isn’t fair to them. Now, just because the government shouldn’t be “helping” those in need, doesn’t mean we as Americans should forego kindness and charity. Quite the opposite. Americans are some of the most generous people on the planet, but unfortunately, that generosity gets quelled when the government is involved.Without the government in the way, regular every day individuals like you and me need to step up and start helping those who are in dire straits. That’s how this country used to be long before all of the social welfare programs, and it’s what made our nation so wonderful. If the government insists on being “helpful,” they can start by reducing taxes and ridiculous regulations that overburden small business owners, which will free them up to expand their companies and hire new workers. Two of my favorite comments ever on SA Avi Gilburt , Contributor
WOW!!! So, I guess when sentiment is at historical lows, we MUST assume it can only continue down!! lol
All you say constantly over and over is "I don't understand how it can work, so, clearly, it does not work." That really does not need much of a "demonstration" or response.
........................ . I hold "Cash" in the form of real money .In 1971 Nixon set the price of gold at $31/oz, today it's around $1,200, so in 45 years the price has gone up 3,158% . If you bought the stock market in 1971, when the Dow was around $900 you realized a very impressive gain but well short of gold and what it buys you now in 2017 .
....................................................................................................................................................... Let's say 50 years ago, 1964, your grandfather bequeathed you an inheritance worth $1,000, which he put in a pretty box with your name on it. At this moment, you are about to open that box… Would you be happy to find his personal check dated 1964 made payable to you; would you rather find ten $100 Federal Reserve Notes; or would you prefer to find that thousand bucks in the form of 4,000 silver quarters, the steady constant value of 715 ounces of silver, with a current dollar number north of $12,500? Would your choice be the same if you were putting your wealth away today for an heir to receive in ten, twenty, or fifty years?
..................................................................................................... Financial contagion happens at both the international level and the domestic level. At the domestic level, usually the failure of a domestic bank or financial intermediary triggers transmission when it defaults on interbank liabilities and sells assets in a fire sale, thereby undermining confidence in similar banks. An example of this phenomenon is the subsequent turmoil in the United States financial markets. International financial contagion, which happens in both advanced economies and developing economies, is the transmission of financial crisis across financial markets for direct or indirect economies. However, under today's financial system, with large volume of cash flow, such as hedge fund and cross-regional operation of large banks, financial contagion usually happens simultaneously both among domestic institutions and across countries. The cause of financial contagion usually is beyond the explanation of real economy, such as the bilateral trade volume. ..............................................................
* Many* "lost everything and then some." in the stock crash of 1929
For those who have a statist view (apparently Mr. Wacker) .A faulty premise exists in their comparison of gold to stocks. Billy Preston wrote 'Nothing from Nothing leaves Nothing' That's the problem stockholders had at the crash ,they don't recognize the situation for what it was.My father s was 10 years old in 1929 and he could tell you no one was buying stocks after the crash ,even i they had a large position in 1929, they had NO money.OTOH ,those who held their gold during the crash kept their wealth and their principle was SAFE. Thus the faulty premise.You may have done better if you were making a case for life insurance savings which is a lousy so called "investment" ,but people fared better with that as opposed to the ones who bet strictly on stocks in 1929.
When the racist Obama (Antifa president) repudiates America's past, he obliterates the future.
carefully investing but more often investigating; have had 6 decades of remembered losses in both public markets and private placements. Still a board member of a newsworthy nonprofit; still holding shares in companies seeded long ago but not yet having reached their investor exits. Trying to be thoughtful about investments and enjoying the experience. Becoming less current all the time, likely you can only be finding me a doddering old fuddy duddy for what I post here.
- Former FX trader
- Lawyer specialised in financial market law (presently in-house counsel at Squared Financial Services (FX broker-dealer)
- Actively manages family hedge fund
- Investment styles/techniques include arbitrage, value investing, volatility, term structure based on quantifiable objective mathematical models.
- As the libertarian that I am, I am always delighted to put my legal skills to work in helping people take full advantage of the law in order to protect their private property and avoid taxation, via offshore vehicles and various legal and financial montages.
- My mantra towards investing in financial markets: "predict nothing, just react"
Every incumbent out of Congress. EVERY. No exception. Yes. It's that simple.
"I don't have to tell you things are bad. Everybody knows things are bad. It's a depression. Everybody's out of work or scared of losing their job. The dollar buys a nickel's worth, banks are going bust, shopkeepers keep a gun under the counter. Punks are running wild in the street and there's nobody anywhere who seems to know what to do, and there's no end to it. We know the air is unfit to breathe and our food is unfit to eat, and we sit watching our TVs while some local newscaster tells us that today we had fifteen homicides and sixty-three violent crimes, as if that's the way it's supposed to be. We know things are bad - worse than bad. They're crazy. It's like everything everywhere is going crazy, so we don't go out anymore. We sit in the house, and slowly the world we are living in is getting smaller, and all we say is, 'Please, at least leave us alone in our living rooms. Let me have my toaster and my TV and my steel-belted radials and I won't say anything. Just leave us alone.' Well, I'm not gonna leave you alone. I want you to get mad! I don't want you to protest. I don't want you to riot - I don't want you to write to your congressman because I wouldn't know what to tell you to write. I don't know what to do about the depression and the inflation and the crime in the street. All I know is that first you've got to get mad. ...I'm as mad as hell and I'm not going to take this anymore." - H. Beale (P. Chayefsky), 1976
You shouldn't have to put up with this. However we do not have a national legislative body that will do what MUST be done. Even worse, they fail to OVER AND OVER. New handout? New earmark? New tax and inflation assault on the soft targets of society? Watch our Congress. Because they "get theirs," and the soft targets are robbed. Yes - those who pay their bills instead of running away, who save, who don't extort credit cards, mortgagers and governments because of inability to pay. And those who are children or even unborn will be stuck with this horror, this nightmare Congress has permitted. All I know is that there is a simple step that will fix a countless number of corrupt and irresponsible economic actions, which are killing us now and will kill us FAR WORSE down the line. And it's simple, laughably simple. VOTE OUT EACH AND EVERY INCUMBENT FROM CONGRESS. You thus impose by order of the people a mandatory one-term limit. For all of them. No exceptions. Everyone of you needs to be together on this. If e.g. you think Republicans are okay, well, sorry, that's tough - EVERY INCUMBENT, OUT OF CONGRESS, as soon as the next vote occurs. EVERY incumbent - OUT. Not just Pelosi and Frank. EVERY incumbent - OUT - all the way down to even Dr. Ron Paul. You cannot imagine what a paradigm shift that will cause in our representation and our future. But try *to* imagine it. And join the cause. It's simple. Laughably simple. You can save the world.