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Initiated a 500s likely starter position in VIRT this morning to 'play' the likely looming equity volatility surrounding the elections, covid, and general world condition. Solid company, can make $$ in any market condition, and pays a good div. I…
Rickrmf - option income in CC-type funds typically are classified as ROC, which makes it confusing since that's not considered a 'bad' return of capital. I think you know that many CEFs or MLPs that use ROC to sustain high divs/distributions -- th…
I never understood how "multi-income" funds tend to always be FI funds. When I think of 'income' I always consider quality dividend stocks as part of that concept. *shrug* But I'm just weird sometimes.
In that regard, NUSI looked interesting f…
I think it's a failsafe in case he and the GOP lose or lose big in November. They can claim later on that the Democrats "raised taxes" when that deferral kicks in and folks must pay more in taxes next year.
Sounds like a Trojan Horse in an attempt…
Then there's this ..
"Federal workers will have taxes deferred under Trump’s order, sparking outcry they’re being treated as a ‘guinea pig’"
https://www.washingtonpost.com/us-policy/2020/08/31/payroll-tax-trump-federal-employee/
Especially on trans-pac flights, I will indulge in wine with dinner, a cocktail before, and one or more afterwards, plus tons of water -- which usually is enough to knock me out to get a few solid hours of lie-flat sleep in b-class. :)
We're not just a scotch snobs. One of our fave go-to bourbons is called Widow Jane. It uses the magical waters of upstate New York, which for those who know about New York's water, makes for a great, smooth taste.
Balvenie Carribean Cask (or Double Barrel) is quite nice. Macallan 12 is always a good 'daily' dram. I'm also partial to Jura and Scapa from the salty windy north, too.
At the moment I'm on a Laphroaig Quarter Cask kick for my scotches --- peat…
My sentiments exactly. By year-end I will have DCA'd well over the amount needed to convert the shares to lower-priced PRILX.
The only hiccup I had with them was that they held onto scandal-plagued WFC for too long as its largest holding - I sold…
I skipped it --- I was in bed by 1020 last night, got woken up by his fireworks show, grumbled a few times, and went back to sleep. I can't stand the sound of his voice, especially when reading from a teleprompter.
Dan Rather had it right: "The Trump re-election strategy seems to be to argue that only Donald Trump can save America from Donald Trump’s America."
Nothing like hosting a Super-Spreader event for the sole purpose of stroking one's ego (and conduct…
From what I can tell, its use of options in this arena means that the option gains/losses can offset the other ordinary gains/losses it earns -- which should, I think, make it fairly tax efficient for a taxable account. I'm also curious how their op…
A little while. It's only a year-ish old ... but as I said, it's the initial chunk, so if it drops, that's fine by me for DCA'ing. I suspect I'll be buying other stuff at 52wh's and averaging down on them for long term positions as well going in…
My investments are nearly entirely in equities and equity funds, correct.
And yes, I do have faith in that 403(b) fund and the company behind it.
@rforno: If I'm reading you right, your $$$ went into stocks only. Secondly you took me by surprise …
If I make a surprising 25-50% on a stock in 2-3 months, especially if it was not expected given my own view of the markets and the underlying item(s) in question, I consider that worthy of locking in the gains. And no, this is all in taxable. My…
Across all accounts I'm about 75% in the market, nearly all in equities & equity funds. The remainder is mostly cash I've been trying to put to work for a while (few opportunities) or cash raised by stuff I bought in Feb that's run up to insa…
My 2 cents: regardless of political stripe, can we at least be polite and agree to confine partisan stuff into specific threads instead of littering ... or polluting ... the master index with new top-level posts about the latest niggling partisan …
No kidding.
I've toyed with throwing some speculative $$ into the CLIX ETF, but it doesn't hold many mall operators, just retail companies who have presences in malls..
The ProShares Long Online/Short Stores Index combines a 100% long position i…
I like that PRBLX is concentrated and not an index-hugger. Nor does it hold many of the 'usual' big names found in most funds - at least in any large amount. Looking at 2008, it only lost 22% compared to 36%+ on the S&P, and in my view has pe…
You’ve identified the storyline here. What remains is how will the story end? With a bang or a whimper? And when? Those who’ve seen the last 15 minutes of this movie aren’t letting on - if they know. It’s tempting to forecast a 50% drubbing of th…
WABAC, I've always liked BRLIX as a cheap eq-wt proxy for the Dow and have held it off and on over the years. Also held GLFOX at times; I need to revisit that one and see how it's currently positioned.
PRWCX, FSDAX, and soon PRBLX in very large slugs as core positions.
Several AF's (as 1/3 of another account) as core positions
Lots of quality dividend stocks (nearly all QDI) that reinvest and accumulate.
A few speculative trades in one of my taxab…
I find myself agreeing with Jim Cramer here ... which happens, from time to time.
Remember the irrational exhuberance going into the Dot Com Crash (Pets.Com!), the Housing Bubble (5 houses on NINJA loans!), and now this.
Remember when you start s…
In his "liddle" mind, the election will be 'unfair' if he looses. Big or close result, it doesn't matter, if he loses he'll claim it's rigged, unfair, and some deep-state conspiracy and try to litigate his way into stayin in office and outside of a…
I don't mean to shout but ...
THIS IS NOT AMERICA.
Trump Will Judge Election Fairness After Vote, White House Says
https://www.bloomberg.com/news/articles/2020-08-19/trump-will-judge-election-fairness-after-vote-white-house-says?sref=368neHRO
Sad to say I agree and have said so for years. From things like crumbling infrastructure, the inability to hold smooth elections, the convoluted nature of health care, lack of public health care, poor public education conditions, hunger, polarized…
