Glad to know that someone thinks BABA is a buy at these prices. I'm long and very pessimistic. Luckily, I only have a very small position, but it still hurts. It looks to me as if the shorts are going to win this one... big-time.
If you think EPD is volatile, take a look at MMP. It's surprising that the pipes didn't do better with two tank train derailments on the same day. My MMP changes by $80 for each one-cent change, and EPD changes by $40 for each cent up or down. It makes for lots of excitement, but I could easily live with fewer thrills and chills.
Wishful thinking won't change the reality that BABA is grossly overpriced by any measure. I'm long and VERY sorry I bought. Now, I'm just hoping I get to see triple digits again in my lifetime.
Cramer is a buffoon. He's nothing more than a professional shill. A tout. Be very careful with any information you hear from Cramer. I don't know what kind of deals he has with companies he touts, but I don't trust him as far as I can throw an elephant. I tend to run the other way when I hear him mention a stock. Yes, he was right on OPK, but it took a whole lot of fortitude to stay with it for as long as it took to really start moving. He just throws names out there and hopes a few of them turn out to be winners. Well, if you throw out enough names, eventually some of them will catch on and run. He quietly walks away from the others and never mentions them again. Did you buy BABA when he said it was a "must-own" stock for 2015? That was at around $115. BABA has been straight down ever since, and the lawyers are circling like a flock of buzzards. Good luck with Jim Cramer, but I suggest that you be very careful and do some serious due diligence.
This will turn out to be a short trap of biblical proportions. The next move up will take OPK to the high teens or beyond. Whatever caused today's sell-off will be soon forgotten as the price soars ever higher. I suspect a mutual fund of hedge fund was dumping for whatever reason no one knows. With that out of the way, it's clear sailing from here on. The cocky, arrogant shorts are about to get their #$%$ kicked hard.
Today is Friday, the thirteenth!!! What did you expect to happen? I wouldn't buy, and I wouldn't sell. My rule is to do nothing on any Friday he thirteenth no matter what. I pretend the market is closed. I'm not superstitious, just cautious. I'm going back to bed until tomorrow.
I don't even want to think about 20 years from now. I'll either be long dead or I'll have forgotten my own name. Five more years, and I'm out of here.... IF I don't die first.
Truth be told, I only retired because my wife was dying of cancer, and I couldn't take care of her and run a business at the same time. I was lucky in that I had planned long and hard to be able to stop working when I did. Other than having a very expensive hobby (I owned my own plane), I didn't live extravagantly. My only extravagance now is owning big chunks of MMP, EPD, and a little chunk of ETP.
I've found that egg prices swing back and forth with the weather. Very cold or very high temps = high egg prices. Also, prices seem to go up around Easter. The most important news I've heard lately is that health advocates seem to be saying that an egg a day is actually healthy. For many years, so-called experts were saying that most people should avoid eggs because of their high cholesterol, but that seems to be changing. I buy generic eggs; can't taste any difference. The latest price I saw at Costco was $3.99/3 doz. I just saw Eggland Best for $1.99/doz at Stew Leonard's, but that's a $1-off sale.
I was just elaborating on what sail wrote. It's appalling that so many people are so ignorant on so many aspects of investing. I spent many years as a stock broker in the 60's and 70's, and I've spent countless hours since then trying to educate people on how to successfully invest their money. I have nothing to gain personally, so I focus on showing people how to cut the fees and commissions that eat up their hard-earned money. Through the miracle of the Internet vast amounts of information are available, but many people just don't know where to start looking for an unbiased point of view.
You're basically correct, except that the ex-dividend price is not necessarily reflected in the opening price the next day. It all depends on the buy/sell demand. The "adjusted" price is $49, but the actual opening price may be different. It's a small but important detail, just as the opening price tomorrow will not necessarily be the same as the closing price today. Some investors choose to wait until the day a stock goes ex-dividend to buy for the simple reason that they avoid the income tax on the dividend. If they buy the day before the ex-date, they create a tax liability immediately. It is for that reason that it's almost always smart to buy a mutual fund after it pays its big year-end distributions rather than before. (This assumes a taxable account, but it doesn't matter in an IRA or other tax-sheltered account.)
It also starts the long-term capital gain clock over again. Selling short is just like selling long for tax purposes. Whether you sell it long or short, the IRS says you sold it.
That makes sense. But, keep in mind that your wife's IRA (or Roth IRA) is HER property only. You should both have a Roth IRA, if possible. What's hers is hers, and what's yours is yours. IRAs and Roth IRAs are untouchable in divorce, but they can be passed from one to the other by inheritance.
Fidelity participates in discounted DRIPs. My broker does not. But I like them enough to go through the inconvenience of moving my units to the transfer agent for that purpose. Plus, they don't charge me any commissions, and there's no fee for moving the units back and forth. It's all done electronically.
Immelt is a die-hard Republican. Immelt and Obama have absolutely nothing to do with each other, but Immelt has everything to do with GE. Obama has been a very vocal champion of alternative energy which is a major part of GE's business. He has also been a supporter of fracking which has benefited GE's oil services business. That still doesn't explain why a discussion of Scott Walker should be on the GE message board.