In the past POM take rate was one of the stats looked at for Summer hiring. When I saw that I lost interest. So let them hire the second year pro with a high take rate instead of me with 15 years experience. (Although I have to admit they did call me and ask if I wanted to work, but as noted, a lot of stress for little reward).
AS for 8917- I find clients reluctant to go that route. Many still work at the same place. That investigation can be brutal for the employer.
Lou , much of my portfolio is at highs right now. The preferreds, O, OHI, NYCB, MO etc. But starting this year I start withdrawing dividend funds, so not looking to sell and keep a higher cash position waiting for better buying opportunities. Currently about 15% cash. I reinvest some of the dividends, but less so the holdings like ARCPP which at high end. ARCPP was a good buy, average price about 21, but holding on for income
So those mistakes are still being made today. Some causing drastic errors like leaving box 2 blank on the 1099Rs. But how many are being caught by IRS? Many like expensing a/c or putting on line 21 or direct cost on OIH --seems to me unlikely to be caught. We can now see the office 'claims' since 2009. (This is POM or just penalty and Interest). The total for our office was about 10!!. I think the newbies are making more errors than than in a week. Block Works requires waaaay to many manual entries. Most will just shortchange the client, but probably never be found as an 'error'.
Last year someone was posting that he was shorting HRB in Oct. I replied that I think he missed the boat. So I was correct then. No matter what, the company only has three profitable months a year. And that time ends in April.
I am not long or short HRB. Just work for the company. But if you look at the chart for the past five years you will see that in 4 of those years the price was at its low or close to it in Sep-Oct-. The other year it declined in that time. Sure every year is different and this year it could reverse the trend. The bank sale could do it. good luck
"If you don't study history you are doomed to make the same mistakes"
--Winston Churchill.( Apologies for paraphrasing)
Ok good luck with that. Currently KMI my largest holding. Also have T, MO, GE, NLY etc. Some BDCs beaten down lately. I Like PNNT
me too really don't look at those preferreds much. Seems like holders not worried about interest rate hikes. Sure they may react some, but you would think you would have seen the decline in price by now. Especially with everyone expecting a rate hike soon.
Nothing really wrong with the strategy, just the goal should be to pick the best stocks to suit your needs, not worry about when they pay you. If you were able to invest in a better company, and skip one week, wouldn't that be a better plan? If you got all the checks once a month, instead of every week, wouldn't you still be buy whatever you want.?
that may be true, but again they will not be getting more customers in September. They only make a profit for 3 months of the year and have losses in the other nine. So while your reasoning may be correct, waiting until September would be a mistake. Past performance IS an INDICATOR of future results. Of course there are no guarantees.
the promotion is for 50% off LAST YEAR'S TAX BILL. So when they show you that you could give them the answer on the spot. So other than them being obnoxious, what is the problem? You could give them the answer in 5 seconds!!
NRL is correct. If we all ignore him, what could he do? His posts will become more and more ridiculous as he tries to get a response. Why don't you try for a while. Or it could be like the old Star Trek theme. When Captain KIrk/Picard foils some computer, sometimes they cannot handle it and just explodes.