PHILIP MORRIS INTL INC 12/21/2013 $85.00 Put -----I'm short these in IRA #3 which means this Friday I could be forced to buy more shares at 85 in this account which is also right before it goes XD next week.
Also have orders in to buy more at lower prices in two other accounts. I'm in the process of positioning my portfolio for 2014.
Thank You in advance Mr. Market
Over $2.2 million--
Should an investor buy and hold or trade one's way to wealth like Jim Cramer advocates?
It compares GMCR to SODA, personally I like them both and currently own them both.
LO has a negative book value and trades at 50, so why do investors pay 50 when it has a negative equity value of -5.53 per share?
Perhaps these stocks trade where they do because stock values are based on intrinsic value and not on book value.
Also, you may want to consider this- BRK has a large insurance float that shows up as a negative on the balance sheet, but in its case, the float generates income because it earns a profit on underwriting. It's as if you're being paid by your bank to have a mortgage with them instead of the other way around.
"and starting in 2013 the rates on qualified dividends are 0%, 15% and 20%. The 20% rate is for taxpayers in the 39.6% tax bracket."
In order to be taxed at the qualified dividend rate, the dividend must:
be paid by a U.S. corporation, by a corporation incorporated in a U.S. possession, by a foreign corporation located in a country that is eligible for benefits under a U.S. tax treaty that meets certain criteria, or on a foreign corporation’s stock that can be readily traded on an established U.S. stock market (e.g., an American Depositary Receipt or ADR), and
meet holding period requirements: You must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date. The ex-dividend date is the first date following the declaration of a dividend on which the buyer of a stock is not entitled to receive the next dividend payment. For calculation purposes, the number of days of ownership includes the day of disposition but not the day of acquisition.
For dividends that do not meet the above criteria, the effective qualified dividend tax rate is determined by the date on which the dividend was paid and the individual's ordinary income tax bracket
Thanks-I'll check them out. I'm already a member because I wanted their 1.25% cash back credit card. Now I'm using my Fidelity credit card because it pays me 1.5% if the credit earned is put in your Fidelity brokerage account. My Fidelity account is what I call account #3 and now makes up about 3.3% of my total equity assets. I'm sending them more cash next week for the purchase of additional shares of PM. This account has only had 2 or 3 sell trades in the last 5 years.
It's been a long time since we've seen over 4%.
One of the life insurance policies I own which in this case covers one of my nieces, just renewed in December, the yearly return was 2.67% net of all expenses. Not my greatest investment but her kids do receive 75% of the death benefit so her family is secure.
Farmland rent that yields $300 per acre is looking better today than 5 years ago when 5 year treasuries were yielding closer to 4% and the rent on my land was only $150. Note-the rent remained at $150 for the previous 15 years.
What to invest in next- farmland, life insurance or perhaps a little more XOM that should do better than both of them?
I'm to the point where I won't buy more unless it goes lower because most of my accounts are approaching my 10% limit. One of my Roth IRAs is up to 15% so it's more than maxed out. I only bought it today because I had some weekly options expire last Friday in this account.
I like are chances for a market correction due to uncertainty with regards to the Obama income redistribution health plan.
And the market is still up over 25% year to date. Lost of uncertainty due to the Obama health plan and the ongoing budget debate. I bought a little IBM today at 174.2 in my IRA but my IRAs average about 25% cash.
It all comes down to free cash flow and nothing else. IBM is down but I have some STX which is up over 50% this year because it too is a FCF machine.
You can add AAPL and MSFT to that list as well.
If IBM continues to trade near its current price they could possibly buyback 7% of their outstanding shares over the next year using only its free cash flow.
What's been nice about this year is that even though IBM is down, most of my other investments are up, so it's easy to accumulate unlike WFC in 2009 when it traded at 8.
This was in IRA #4, I increased my position by 27% to 9.4% if the assets in this account. It's now 2nd behind only BRK at 21% of the assets in said account. Prior to this purchase I'm down about 7% year to date on my IBM investment in this account. All dividends buy additional shares.
This account is currently 23% cash which is used to sell cash secured puts.
Year to date this account is only up 21% verses 27.5% for the S&P 500.
"Warren Buffett's Firm Increases Stake In DaVita HealthCare Partners"
"The filing reporting the position increase was submitted by Ted Weschler, one of Buffett’s two portfolio managers he hired over the past several years. Weschler bought the shares in a series of four transactions taking place from Dec. 5 through Dec. 9, at prices ranging from $57.11 to $59.87 per share.
Weschler has been building the DaVita holding in each quarter since the fourth quarter of 2011, when shares traded at an average of $36. The two companies have agreed that Berkshire will not acquire more than 25% of DaVita without DaVita’s approval."
"increases quarterly dividend 20% to $0.12from $0.10 per share (BEN): Co's Board of Directors authorized the company to purchase, fromtime to time, up to an aggregate of 30.0 million shares of itscommon stock in either open market or off-market transactions. Thesize and timing of these purchases will depend on price, market andbusiness conditions and other factors. The stock repurchase programis not subject to an expiration date. The new board authorizationis in addition to the existing authorization, of whichapproximately 9.7 million shares remained available for repurchaseat November 30, 2013. The company repurchased an aggregate of 12.1million shares (on a split-adjusted basis) during the periodOctober 1, 2012 to November 30, 2013. Shares repurchased under theprogram are retired.
Co also announced a quarterly cash dividend in the amount of$0.12 per share payable on January 10, 2014 to stockholders ofrecord holding shares of common stock at the close of business onDecember 31, 2013. The quarterly dividend of $0.12 per share is a20% increase over the dividend paid for the prior quarter andrepresents a 24% increase over the quarterly dividend paid for thesame quarter last year."
If your name is Ben-this stock is worth a look.