Someone recently predicted that GABUX was on its way to an all time low ~ That "the party was over" or some such...If it goes lower (and it very well could/hope not) I get more shares at that lower price on my DRIP and conversely when the price rises I get less shares on my DRIP...Actually I'm quite comfortable with the pps in the $5.60 to $5.80 range which buys me approx 330/shr per month, each and every month (my cost average is well below $5.40) ~ I'll hit the 40,000 share mark by the end of the year at which time I'll be taking the cash payment (all IRA shares) and looking to deploy said cash into another monthly payer...
Does anyone have an opinion about what they currently have in their portfolios, likes or dislikes regarding other monthly payers...?...I am currently looking at NCV or NCZ (same same) to add later this Fall...Thanks in advance...
The problem with king is that he says it's terrible while it's going down and says he saw it coming, then says to buy buy buy as it's going up because he knew it was going to go up. The problem is that he thinks we care what he says or follow his advice. Most of us are smart enough to keep our shares, collect the div, and buy more when the price dips. King, on the other hand, likes to buy and sell his 100 shares and thus miss the divs and actually lose money. It's just really funny that he thinks we give a second thought to what he says. It's really really sad actually.....
If you are holding all those shares in an IRA, you are needlessly paying taxes on the withdraws. IRA withdraws are taxed as "regular income". Conversely those same shares held in a taxable account would be treated much more favorably in the 2013 taxable year for those who stay in the 10 or 15 percent bracket. The 15% bracket for 2013 (married filing joint) is $17,850 to $72,500.
From about dot kom "Capital Gains Tax Rates" page 4:
Planning Ahead for 2013
Starting with the year 2013, there will be a new long-term capital gains rate of 20% which applies to taxpayers who fall within the new 39.6% tax bracket. The new capital gains tax rates for 2013 and future years are as follows:
0% applies to long-term gains and dividend income if a person is in the 10% and 15% tax brackets.
15% applies to long-term gains and dividend income if a person is in the 25%, 28%, 33%, or 35% tax brackets.
20% applies to long-term gains and dividend income if a person is in the 39.6% tax bracket.