JRS is ideal for a small investor who is in the lower income tax brackets, especially those with incomes less than $40,000 a year in retirement. The dividend rate is 9.4% at the recent price of $9.80. And JRS is a solid fund in an industry that is recovering well. Thus it is the closest you can get to a growth industry at that dividend rate. I just bought another 500 shares at $9.53 this morning.
If you are wondering why JRS has taken a tumble in the last week it is because it is a thinly trades fund and any sudden selling pressure forces it down dramatically. There is no adverse business news. The current volume for today and yesterday looks like climax selling well over four times its normal daily volume. I’m guessing that someone woke up to the fact that taxes on dividends will probably rise from 15% to 25% next year. They had been planning on selling their shares and decided to do it in this tax year instead of the next year. But for us humble investors who buy for the dividends to supplement our social security this is an ideal fund to buy. You pay the commission of a stock even though it is a fund and if you don’t plan on selling you couldn't get a better dividend on a secure, stable fund.
It may retest the bottom of around $9.60 but it probably will not go below that. And there is an excellent chance that it will rebound tomorrow or early next week as soon as the Republicans realize the jig is up in preventing the rise in the maximum tax rate for billionaires, who have been abusing the average investor for the last ten years.
Well, now it is 11.35% What is going on? The real estate market is improving. This drop off makes no sense. JRS is healthy.
Greece accounts for less than 3% of the total Eurozone currency. This is not enough to impact the USA in the violent swings occurring in the stock market. What is happening on this side of the Atlantic is simply an attempt to get people to sell their shares at a low price. Shaking the apples out of the tree, so to say. Completely dishonest. Time to buy, not sell.
Remember? They are the Confederates. Why do you think they sound the same? Same State's Rights nonsense even though the issue was settled over 150 years ago. Ignore them at your risk. They are a hateful bunch.
Moody's recommends passing Obama's Jobs Plan as his jobs plan will allow us to avoid a recession, increase our GDP by two points, reduce unemployment to 8%, provide 1.9 jobs, repair our infrastructure, and keep our teachers, police, and firefighters. It is a win-win for all of us. And it is PAID FOR. No national debt is created by this act.
Only a person who puts crazy politics before people would deny the benefits of jobs for Americans.
Call your representative's office and demand they support Obama's Jobs Plan.
Actually this is one of the reasons Moody's recommends passing Obama's Jobs Plan as his jobs plan will allow us to avoid a recession, increase our GDP by two points, reduce unemployment to 8%, provide 1.9 jobs, repair our infrastructure, keep our teachers, police, and firefighters.
Only a person who puts politics before people would deny the benefits of jobs for Americans.
Call your representative's office and demand they support Obama's Jobs Plan.
Every ID on this thread with the exception of this one is a Mimic ID.
joeqd01 (obvious Mimic ID)
libertydles30 ("l" instead of "i")
sky_walker6|8 ("|" instead of "1")
gandalfgraycoat (mimic of gandalfgreycoat, aka retirein)
retriein2019rocketbum_com (mimic of retirein2019)
This thread is demonstration of the Mimic's performance of Mimic IDs. He does things like this when he gets bored. The mimic has no particular political position, just wants to steal your identity if he can. Not harmless although he tries to appear that way. A sociopath.
You sound funny when you complain that you are not getting any Gems.
Perhaps you would achieve more if you gave a Gem instead of waiting to get one?
Do you have any?
Please read or have read to you if you are blind the two posts I reposted so that people like you can know the facts. The second post deals with your claim and shows why it is false.
Which means someone bought over 100 million shares at $6.31. I reckon they knew something big is going to improve the pps of this company.
What is really amusing about your post is that you wave a vague "a couple of days ago" in front of everyone's face. Anyone would realize it is very old news in that case and that your intent is less than honest.
And then kismiazz6 added even more damning information about the Republican duplicity...
Washington Republicans and some in the media have seized upon the unfortunate bankruptcy of Solyndra, a company once regarded as one of the most innovative in the world and which the Wall Street Journal last year said might be "the Next Big Thing," to try to invent a scandal.
This is not a new thing in Washington. The Republican recipe is familiar: cherry-pick the facts and evidence; release just enough to the media without showing the whole picture; create a bubble of media coverage from conservative news outlets; use congressional hearings like the set of a TV show. It sure looks real, so it must be real, right? But the facts keep getting in the way.
First, they said the deal was rushed. But documents showed that the Department of Energy spent more than two years reviewing Solyndra's application -- a review that started in the Bush administration, spanned into the Obama administration and involved extensive review by external experts.
Next, they said it was all political. One of the two largest investors has donated to President Obama, so it must be a scandal! But a media reports quickly revealed that the second largest investor was Madrone Partners, which is affiliated with the Walton family, and the CEO of the company is a registered Republican.
Then they said the investors got a sweetheart deal. But the company's public filings showed the investors are going to lose a billion dollars.
Next, they said it was wrong for Secretary Chu to work to accelerate a program that hadn't issued a loan in the three years prior to the Obama Administration taking office. But transcripts from Secretary Chu's confirmation hearings , among others, clearly show that members of Congress from both parties wanted to get the program moving.
Oh, and some of today's loudest critics of the loan guarantee program were writing letters supporting applications for loan guarantees from companies in their states.
Next, they said they said the Bush Administration rejected the deal, citing a January 9th, 2009 meeting of the Department of Energy's credit committee. Critics investigating the issue selectively quoted a memo from that meeting saying that the committee still had questions about the deal and didn't approve it. Check mate? Nope.
When you look at the WHOLE memo, the credit committee concluded that the project "appears to have merit" and remanded it back to the loan program staff "without prejudice" for some additional due diligence. Two months later, once that additional work was completed that same committee of the same five career civil servants unanimously approved the application. Unanimous approval!
Still, desperate to cling to a floundering storyline, Republicans released another email from the head of the credit committee (just one) saying he had canvassed the committee, and that its members had decided to instruct the program staff "not to engage in further discussions with Solyndra."
From a post by bizrater10 yesterday. Apparently the Fringe Right on this forum didn't read it so I'll post it again for their education:
The birthing of Solyndra
By DANA MILBANK
Solyndra is trying to rival her big sister Katrina’s ability to make the federal government look incompetent. But whose baby is she?
Since the solar-energy company went belly-up a few weeks ago — leaving taxpayers on the hook for $535 million in loan guarantees — a business that was once the poster child for President Obama’s green-jobs initiative has instead become a tool for Republicans to discredit most everything the administration seeks to do.
Sen. Orrin Hatch of Utah used Solyndra to argue against worker-training benefits. Sen. Jim DeMint of South Carolina used it to argue that the federal government should stay out of autism research. Disaster relief, cancer treatments, you name it: Solyndra has been an argument against them.
And this week, the government faced the prospect of a shutdown because House Republicans added a provision to the spending bill to draw more attention to — what else? — Solyndra.
“Because of some of the horrible weather we have had over the past several weeks, we have all agreed to add emergency funds that we didn’t originally plan in this bill, and Republicans have identified a couple of cuts,” explained Senate Minority Leader Mitch McConnell, including “a cut to a loan-guarantee program that gave us the Solyndra scandal.”
What McConnell neglected to mention is that Solyndra was cleared to participate in this loan-guarantee program by President George W. Bush’s administration. He also did not mention that the legislation creating the loan-guarantee program, approved by the Republican-controlled Congress in 2005, received yes votes from — wait for it — DeMint, Hatch and McConnell.
Sorry. Wrong president. That was the Bush Administration that invested in Solyndra and it was seed money and not stimulus money. Please try to keep up with the latest attempts to smear President Obama.
Using your logic why didn't you come out and suggest oil and gas companies would "do better" if they didn't get government subsidies? Your silence then seems inappropriate now. Only those energy companies that can afford to make campaign contributions to the Republican candidates deserve subsidies?
Most of these subsidies were authorized earlier in the prior administration when the solar industry was still struggling to compete with the oil and gas industry. Mistakes are always made but I think the Bush Administration did the right thing. But a valid criticism might be what was justified then might not be needed now. For example, I think we can safely say that the oil and gas industry is a mature industry and does not need seed money to ensure its success.
The interesting thing is that the Solyndra "scandal" seems to have died down now that the Fringe Right discovered that the loans were authorized and pushed through by the Bush Administration. Takes the wind out of their attempt to denigrate Obama. But it shows that the Fringe Right was only interested in finding something to accuse Obama of and could care less of any other issue, such as alternative energy. No one should be surprised as hate is all the Fringe Right is really capable of.
I was wondering if southerners could do anything stupider than they have so far. Thanks for putting my doubts to rest. Only one town did pass that ordinance so this is not an Alabama law. Never-the-less it bespeaks of ignorance and prejudice as it is obviously unconstitutional, and the bill of rights DO apply to what happens in states.
What people need to realize is that the next step would be “go to church or we’ll send you to jail” followed by “go to church or you’ll stay in jail.”
The ironic thing is that churches are places of evil as they all seek to divide people and pit them against each other.
Good. And in a gesture of goodwill, hopefully, he will turn the lease from the Cuban people back to them as it properly belongs. That will end any possibility of it being used for illegal activities by secret American governments in the future. What was done there by the Bush administration in the name of America was shameful.