Greatings...never been on here before but since I have 710 shares of JRS from its IPO day I couldn't refuse. I've been well pleased with it. Sure it tumbled like everything else, but I saw my IPO of $15 go to $30. Being an amateur with this particular type of investment and going in blindly, I'm happy. It's coming back unlike my poor Oppenheimer who now has a class action suit against it. As for leaving the capital gains to the "aires" as I saw, btw it's "heirs", it's financial attitudes like that that have gotten people into financial disaster. People in general do NOT understand tax and CG type of issues. Tax preparers are inundated by a complex code to inforce and lawyers...well we won't go there. So, fix things in your estate planning so your HEIRS don't have to be handling one more issue besides putting you in the ground. Happy Investing !!
Hey Bro, Here's the scoop over here.. As I said up above, I have bought and sold thousands of shares of this thing. I have used it as a day trade vehicle when the time is right. Also , as a long term term investent as an income insturment. The point about leaving CG's to teh heirs is about income investing. When you get to the point when enough cash is enough, the cg's can go to ones estate, if any and be redeemed at any time. I don't see that as being irresponsible? Quite the contrary. There is no financial disaster here, nor will there be, but i have enjoyed between 10-20% divis on some of my basis since 2001, I beleive was the IPO. The disaster sounds like it's in your court with Oppenheimer? A new point to make is that if you may take on trading strategy that wins you good cg's over the years, which I have with JRS, and bought at the lows and sold at the peaks, the current theoretical gains or losses can become irrelevant as at some point , the shares have been bought with your gains from the past and the divi is just gravy to live on. I live on dividends , so I must be doing ok. I have had a lot of luck with this JRS, but for certain , this ground may not be stable and will not likely make 15 in your lifetime as rates are zero and bonds will surely plummet as rates climb. If you had the gut to buy and sell you stock , you may own lot more shares...everyone has a different take on risk? I think it is arrogant to think "most people do not understand tax and CG issues", it must be great to know "most people". As far as estate plan, everyone leaves something unless you've planned on dying exactly broke? There is nothing to fix in my estate, my family will benefit from good investments which bring yields hopefully through their life. If you use a tax preparer or lawywer , which you seem to be in teh subjective know about, you may not know the law yourself. I don't use either. As far as you comment about my spelling, here's tip for your first post experience. If you want to benefit and gain from community with people, overlook their weaknesses, my focus here is making friends that can help me with investing, not exploit their imperfections?? , like spelling Ohh and while I"m on that thread..."greatings" is spelled greetings and "inforce" is spelled enforce, but who really cares? Ohh and BTW , the div is .88/share/year or .22qtr