If you pick 10 stocks -- 3 will carry the entire account -- 3 will be "okay" -- and 3 will suck... it's just the law of the jungle. There's no way you're right 100 or even 50% of the time.

Yeah, I'm not worried at all. Conoco was just a doh! moment since I was deciding between them or OXY. It'll all work out in the end I'm sure.

You are absolutely right. I'm not counting on pocketing $400 per month. I've already owned 5 single family rentals in my days. I really shouldn't have said it's all cash flow but it is a nice margin on a property that will offset the costs. I have a spread sheet set up factoring in a one month vacancy factor, repairs, home warranty yearly, hoa fee, etc.....

I am factoring in the principal reduction and will depreciate the properties as Greg said with the thought of a 1031 down the road into a more lucrative investment or residual income when I have the deed.

It is allowed but it is complex. I was more familiar in the past with it when I was seriously considering doing it with my IRA, but the restrictions and red tape kept me from doing so.

Here's a quick overview I found on that subject.

http://money.usnews.com/money/blogs/...te-in-your-ira

Yep -- READ POST #1732


NOT WORTH IT! Not one bit...

Today should prove to be opportunistic for those of you considering KO since Greg and I both bought yesterday you should be able to buy in at $77 or less today. :thumbsup: :D

I just read an article "dissing" the future of owning dividend paying stocks. The argument was proffered that WHEN (not IF) the current 15% tax rate on QUALIFIED DIVIDENDS (there's a difference between Qualified and Ordinary) is changed back to the pre Bush era tax rates ---- that it will kill the market for these stocks.

Yeah -- there's some argument to be made... that there's a huge difference between a 15% rate and a top rate of 39% and blah blah blah.

I've been doing this for awhile now... I've seen the ups and downs of the market and lived through some boom and bust cycles.

I will state this - as I have to my accountant (doing this same argument but over the difference of long term vs short term capital gains)....

IF I MAKE ONE DOLLAR --- and I OWE 40 cents to the government -- I still get to keep 60 cents. Isn't it better to make 60 cents than it is to worry about paying a percentage to the government? My point to him was that it's better to make a huge pile of money.... and who cares about paying some of it out. TO ME -- I'd rather owe the government a fortune... because that means I made out HUGE (I kept 60 cents of every dollar!).

My personal income tax bill for 2011 was 1.7MM --- ask me how sad I was to have to pay that... :woot:

Thanks for buying! I added another 1000 shares this morning.


:cheers: :D

All you "terbacky" share owners --- PM and MO --- you got your nice MO dividend today -- and tomorrow you'll get the PM dividend.

God bless America!


And thank you Europeans and Asians, for being large consumers of this nasty product! I'll spend it in good health!:D

:woot: Got my $13.75 dividend payment from MO yesterday. :thumbsup:

Multiply this times 4 quarters --- and it's like FREE MONEY! :unibrow:

Let's not forget about the TOTAL RETURN -- so growth in capital PLUS the FREE MONEY....


EEEEEEEEEEEHHHHHHHHHHAAAAAAAAA
:woot:

Do I get a 1 share tip for the lead? :rofl:

Am I missing something here? A lot of you are adding more Coke shares to your portfolios and I'm assuming some of it is due to the news of a split. But wouldn't you be getting the same amount if you purchased after the split? If they are splitting at a 2-1 ratio, isn't the share price also going to split 2-1? I know this has been discussed before I'm just curious as to the benefit of purchasing all these shares prior when the price will adjust accordingly afterwards.

BTW if I had some spare change I would be purchasing more shares myself. This isn't intended on being a negative post, just curious about the benefit of purchase prior to the split. Other than share price being driven up by demand because of a new lower share price, am I missing something?

Exactly... they are the highest up of everything i have.. 16% and counting!

Your right. you arent really gaining anything special. Gregg touched on this on the previous page i think. It was more of a "mental" thing than anything. But its a buy and hold stock that isnt going anywhere for a long time (negativity wise). Think parking lot. ;)

Historically especially in KO case look at what happens after the split the stock just goes up. Get in before the split, and you are in at the lowest price to ride it up.
Other than that there is really no benefit.

I knew I would see you on NastyZ Albert..

I am pretty sure we will see Ace on here soon...That guy is smart and motivated..

I don't know him, but I wanted to help him out and steer him in the right direction..

Thanks for your two cents. that should get someone reading this thread..

I felt when you came here, that I had done something to help someone.Now you and I are helping someone else start to Invest.

Stacie/Ace , will be a great addition to this site...His econ, math and business skills will be good to see..

When you get to this post Ace, welcome...:lateral: :cheers:

Lets not forget MO isn't only tobacco. MO also owns Chateau Ste. Michelle Winery which was one of the reasons I added it to my holdings. Wine doesn't last long in this house hold.

Yup.. I check this thread and NastyZ all throughout the day. (and now the health 101 thread, lol).

Ace will stir up some good stuff i'm sure (in a good way). I hope he makes it this far! Its a lot of reading to do, but WELL worth it.

EXACTLY....


No other reason -- and NO GUARANTEE -- that it will go up before, or after the split... but lots of times news like this get a stock "moving".

I added more to my position because I was light to begin with.

Anyone have a replacement for XOM? getting nowhere with it...

Look at BPT -- it's a bit different than just straight "oil and gas" -- this is a lease which spins off a stellar dividend.

I have owned that for years... Royalty trust..

I don't do much recommending but BPT has been great for me. 17% 1 year, 137% 3 year , and 163% 5 year.

Picked up my 100 shares of KO today.. let the money start rolling.

There ya go Mike!!

Too bad you didn't buy 100 shares of McDonalds this morning too! They jumped up over a couple bucks this morning! Maybe they're serving more COKE!

So I had a thought today. You always hear that sex sells right. Well what about sex stocks?

Greg what do you think?

CHD they are the company behind trojan condoms and vibrators, First responce pregnancy test, and Nair hair remover, and a few other things.
Their chart shocked the hell out of me. Talk about recession proof. 2008 was just a small dip. They pay a small dividend. But I think its a great place to park money, and enjoy the growth (pun intended). I may add this to my positions.

LTD the company behind victoria secret. the chart just goes up. Might be a good place to invest also.

Not sure of any other sex sells type stocks that pay dividend.

The ultimate sin stocks!:thumbsup: :unibrow:

I like it!

Never have looked into those - for no particular reason than it just never occurred to me.

Never thought of those:lol:

Me neither...And i have been doing this a long time..

Diageo, Phillip Morris, I understand those, but i never thought of Sex Stocks..

Would that make us Investment Pimps ?

Do I need to get a "Huggy Bear" outfit from the Starsky and Hutch Days ?

Can you buy LTD stock at Victoria's Secret? Could always use another reason to go in there. :rofl: And who makes those yoga pants all the girls at the gym wear now?

yoga pants would be LULU and UA, doesn't pay a dividend though. the charts do show growth.

mmmmmmmm yoga pants :drool:

Along with BPT, I have SDRL.

Offshore Oil. It has been killing it.. 1 year 10%, 5 year 37%.

So, I have Kinder Morgan for Distribution, BPT for Royalty trusts, and SDRL for offshore Oil.

I have more, but they pay well, but are not charting well right now, so I won't mention those...YET...

I hate to recommend anything...Right when you guys buy it, it will go down..

By charts , do you mean my Pants ?:rofl:

OMG!! Hysterical! Good one Mike! You must be on the mend.... :cheers:

Greg, Todd smacked me around and I have been exercising again..

Also working on the crap that I eat..I swear that it is going to get me back on track, literally back on the track.

Oh and the nice pop in the market today doesn't hurt..

Off to exercise the first time today before it gets hot..Back in a bit..

Funny how you mentioned BPT...I have had it for years..I had PBT too, but got out at the top. BPT is a hold..:lateral:

My "Greg Weld Tidbit" for the day....

I'm sitting here watching the market jump -- and what comes to my mind is all the questions about "should I wait - or buy today - or...."

To which I always reply -- just get in... because long term it doesn't matter.


Today and days like this - always confirm why I say that. If you waited - you missed todays move. True you may have a day next week or next month which may allow you to get in but if you bought yesterday = you wake up this morning to a nice gain.

I buy shares in the 1000's --- most folks buy in the 10's or 100's.... A 50 cent a share move is a nice number when you've just bought 5000 shares of something. I don't wait.... I don't buy on up days - I buy on down days. But once I've made up my mind to buy - the very next down day is the day I buy. I never know what's going to happen next week - next month - next year. If I sat on my hands "waiting" for something.... where would that get me? I'm in for 5 years -- not 5 minutes.

The bigger picture is that 5 and 10 year chart -- low on the left - higher on the right - the TOTAL RETURN - and the dividend. What difference would waiting make if all those things are telling me it's okay to INVEST in a company.:cheers:

Great! I'm only down $50.95 on KO now. :willy:

:rofl:

The little man knew you bought! I heard him yelling -- "Sieg is in - take 'er down! Make him think he's an idiot! Beat him down like a dog... and when he sells -- take it higher!"

:rofl: :rofl: :rofl:
:thumbsup: