Greatbarf, My time to buy KMP calls is last wk of June to first wk of July. At current PPS I might go very light or pass. It seems the weasels secured there desired position on the last Bear raid. Phil
PSEC PPS is controlled by human emotion. The individual investors opinion will change with Macro and Micro economic developments. I consider PSEC a "safe haven " investment and pullbacks as buying opportunities . Jade always talks about a dollar lower than current PPS.
The control of the money supply by the FED has distorted the connection between the Stock Market and the Economy. When the " music stops" few chairs will be available. But Iam doing my part by spending my 2014 market gain on home remodel. Trade carefully I don't wish any to lose there retirement savings and go on welfare , but many have and more will. Phil
IMO taking the time to form a ignore list is assigning undue importance to a MB. That said I did learn something about RMD from Martha this week, thank you Martha .
There is more than one winning strategy . My personal strategy works better if more do like Bernie.
Burney_testicles is a "long and strong" type that laughs at taking profit but will is willing to hold too long and sell for a big loss on fear,
Martha, Your RMD will be about 26-27% of your Trad IRA balance on 12/31 of the year before you are 70.5. I plan to roll a large portion to Roth over next 5 years so the RMD want set me up for the new Medicare Tax when I hit 70.5.
Martha I consider myself a mature traders who does not trust the market. For instance for a typical QT stock I hold it less than 18 trading days before Ex. I also avoid Earnings announcements . I prefer to have others hold the stock during periods of higher risk. Phil
Martha, I buy whats on sale around Christmas and had a very nice Capital gain along with two Dividends by end of April. I prefer to trade Dividend stocks on the run up with very limited hold exposure and thus limit risk. Currently trade KCAP,BMY,PDLI,JMF,NMM,KMP,PAA,LINE,EPD,OKE,VNR,GAB,PSEC,FSC,ETV,CFP,CRFand CLM. Big winner for the year is KMP. Only on a rare occasion do i hold through ExDay. Phil
My personal strategy is to buy heavy in last two weeks of year as investors sell losers and funds window dress. I hold these Preferred for two Dividends and sell in April. I also trade Dividend stocks heavily October through April playing the run up and keeping hold to a minimum. I sold everything end of April and plan to stay out through September unless we have a big correction. I previous years I traded through the Summer and lost. For 2012 and 2013 I averaged a 6.5% portfolio gain , so far for 2014 up 10.72% and only taking a shot at sitting ducks. Phil
I like LINE/LNCO and KMP as a trading vehicle. With a low percentage of Institutional ownership the owners are stampeded easily by short shops. Phil
My S&P 500 portfolio weathered a nice correction from 2005 to 2009, only lost $250K :( I really think it better to not try to ride out a correction except with cash. A correction can be such a slow,grinding gradual thing that will suck you under little by little. Phil