Thank you for the offer, but I don't have 1.5 mm and one child short. When I have both, I'll sure ask for advice.

 

I saved it, thanks.

 

Been largely into Staples, Discretionary and Healthcare for some time. MCD, HNZ, ABT, JNJ, PG, PLCE, ALXN, THOR etc. Seriously considering JPM, BAC, WFC -> is it too early or too late?

 

maybe let the financials stabilize a bit?

TW

 

Interesting thread!

Please keep going people.

I love to hear your sharing!

 

The point I was trying to make is that you can have more than $100,000 in a single bank and still be FDIC insured

 

When I originally started this thread, I complained about losing 40% of my car's value. As an update, in the past three months or so, I've lost more than I paid for it. And this is in a "managed" account! Can I sue the broker for being an idiot?

 

What do you guys think of AT&T and Verizon? The proce has dropeed so much that at current rates they pay in some 8-9% in dividends alone.

 

I don't believe it is time to get in yet. I don't think the stock market has bottom out yet; and then the recession will continue for a quarter or two. You'll have time to get it.

 

to me, this is not recession. Politics politics politics...all I could say.

there is no chance to buy cheap stocks after this election. Wait for a quarter or two, you will probably miss the real big boat this time....
Although, do not get into it if you have fainting heart.

 

ari - My favorite dividend stock has been Frontline, Ltd (FRO) - normally the dividend is around 15-20%, now it's 33%!

 

Figured this would be appropriate for todays discussion...

NEW STOCK MARKET TERMS

CEO --Chief Embezzlement Officer.

CFO-- Corporate Fraud Officer.

BULL MARKET -- A random market movement causing an investor to
mistake himself for a financial genius.

BEAR MARKET -- A 6 to 18 month period when the kids get no
allowance, the wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING -- The art of buying low and selling lower.

P/E RATIO -- The percentage of investors wetting their pants
as the market keeps crashing.

BROKER -- What my broker has made me.

STANDARD & POOR -- Your life in a nutshell.

STOCK ANALYST -- Idiot who just downgraded your stock.

STOCK SPLIT -- When your ex-wife and her lawyer split your
assets equally between themselves.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

MARKET CORRECTION -- The day after you buy stocks.

CASH FLOW-- The movement your money makes as it disappears
down the toilet.

YAHOO -- What you yell after selling it to some poor sucker
for $240 per share.

WINDOWS -- What you jump out of when you're the sucker who
bought Yahoo @ $240 per share.

INSTITUTIONAL INVESTOR -- Past year investor who's now locked
up in a nuthouse.

PROFIT -- An archaic word no longer in use.

 

 

Thanks Robert, I just learned something!

Having said that, we havn't discussed cash management. There are many ways to invest cash. I think the key thing is to divide it into 2 or 3 pools. Each pool has a different liquidity level. Savings/money market has daily liquidity as do others. CD's in a laddered fashion can provide monthly liquidity, as can others. Etc.

Good thread. I like this stuff.

 

That really depends. You can lodge a complaint, which goes in his file and could impact future employment, whether it is founded or not. Generally, he can only get in trouble if he put you in things that were decisively against your contracted goals with him.

Often, when times are good people get excited and tell there broker that they are very risk tolerant. Then when the markets turn, they are no longer risk tolerant. If the contract/goals weren't revisited before the turn you kinda out of luck on a suit. The complaint however...

I am sure you were probably holding your broker to a benchmark. Hopefully one that was custom built for you and not "the S&P". unless of course your goal was actually related to the S&P.

hope that helps. Be happy to share more.