happy B-day

Well Done...I made it to 49 and all hell broke loose..I am now 52 and getting my health back I hope.

My positive thinking is I am planning my Portfolio 30 to 40 years out, just in case..

If not, oh well, but if so, I can pay to have my Arse wiped..

Of course I had a GREAT day in the market, except for..........Yep. BPT...:willy:

Such is Life... Health willing, I hope to see you at an event one day..:cheers:

Bpt
 

So ---- as I've stated many times in the past "big money" (pro money) is way on top of their game compared to "us"..... they get their info faster... they're paid to stay abreast of any minutia in the markets....

So -- if you're in BPT you might want to investigate and read this. There are several links to more detail but this might tell you why you're getting your arses handed to you for right now.



http://www.investingdaily.com/15602/...et-slaughtered


Then there is a link to the main article that most likely started the sell off:


http://online.wsj.com/article/SB1000...984902960.html

Thats why i never tell people what i invest in, only the few that know and trust me, it always goes the same way, friend/relative begs for "tips" and it goes south and they think you were just doing a pump and dump. But when it goes right they just spend their time imagining how much you made and forget they just made money for nothing.

Here's something else that EVERYONE needs to be very wary of.... I've said it in past posts -- but it bears repeating:

If you THINK Obama is going to win -- and the Democrats retain control of the Senate....(the Republicans have control of the HOUSE)... Then you need to be prepared for what will happen regarding taxes etc - and that will have a big impact on dividends/interest etc. Because these folks are bound and determined to raise taxes so they can spend more.

If you THINK Romney is going to win -- then prepare for the market to go UP because people will feel "safe" about their investments and the tax situation.

While this seems like a long time from now --- we have a MAJOR election in NOVEMBER -- mere days from now. We also have these clowns returning from vacation after Labor Day... and they'll all be making a bunch of half witted statements in favor or his or her "guy". These people don't care about "markets" and they don't really care about your investments and or what their half witted statements affect. They're politicians - they only really care about getting and staying in control.

The MARKET will signal early what it thinks about where we're headed. You need to pay attention to this because it WILL affect you. Over a real long term not so much -- and I'm not saying SELL and I'm not saying BUY -- I'm saying PAY ATTENTION and see how it relates to your investments so that you understand why something is or isn't happening.


JUST TO BE PERFECTLY CLEAR --- When I say "these clowns" and "these people" --- I MEAN BOTH SIDES.... Democrats and Republicans

I agree with your Last post..

Although it has to do with Politics, we are not being Political..More like the economics that are a big part of the Political system.

I won't talk sides, but i know my strategy will be the same if Obama stays, and it will change if Romney comes in..

For me, the Federal Reserve and the Debt are a portion of my Strategy...

No anger or hate for one side or the other...Strictly Business...

And the uncertainty that Greg talks about is very High, and it has been for a long time..I am playing both sides of the fence so as not to get caught behind one fence if things go a way i did not think it would...Uncertainty brings caution..

The good thing is that to make this kind of money in this enviornment, just wait when things actually turn certain and we really go bullish...

But we won't really know until the first of 2013...Taxes, Leaders, a lot to be waiting on.. Soon we will know..

But I stay Invested all the time...No sitting on the sidelines in cash...Only enough for an emergency fund, and to purchase more if the time becomes right..And for monthly bills....All the rest are employee's at work..

Is this only if you sell the stock or will this be something anyone who owns stock in KPM will have to deal with every year?

Happy Birthday Greg.

Thanks

#1 -- Thanks!

#2 -- MLP's and Royalty Trusts are "DISTRIBUTIONS" rather than "dividends" - and as such have tax consequences. That doesn't mean you have a tax problem - it just means that they are shown on tax forms and you'll get tax forms sent to you for the amounts you receive.

#3 -- This doesn't mean much if they're held in IRA/ROTH accounts etc.

#4 -- Unless you have pretty large holdings of this stuff - you're unlikely to get enough distribution that it's going to have a taxable influence on your overall earnings. I wish that weren't so! I wished you all were getting 50K a year from these bad boys!

:woot:

What Mike said ---- I'm not pushing a political agenda..... I'm trying to teach you all to pay attention the things that matter to your financial futures. And to understand and relate how stuff influences the markets.

When you start to understand what makes markets move - either up or down - you can start to go "Uh.... yeah okay that's why the market did "X"" whatever X is.

Then it's not so scary!

It's kinda like understanding why you flooded the motor.... it's no big deal if you understand it.

Always good advice..That makes it easier to maybe see changes also