My son bought himself a HI-DEF antenna for less than $100 and installed it in his attic - living in the Atlanta area, he gets about 20 stations - reception is fantastic. He gets a number of shows over HULU and has a wireless connection from his PC to his DVR player and watches a lot of shows on the big screen the day after they air on the cable channels.
He cancelled his Comcast cable, saving himself $100 a month.
I have been using my wireless connection from my laptop to my DVR player to watch old movies and TV shows, like Combat, that are on Youtube.
Now neither one of us are sports fans, so we do not miss football or baseball or basketball.
One piece of sage advice that I got was to hold a stock for 3 years before consider selling it. S & P is projecting a compound annual growth rate of the EPS at 23%; I am staying on for the ride.
The elections could also cause a jump in share price. The only reason I would sell is if the stock showed great risk or exceeded 15% of my total portfolio.
Rather than me try to explain the whole thing - google RAILWAY AGE DIGITAL EDITION, bring up the magazine, turn to page 16 and read through page 20.
Short answer? No more conductors on MOST trains - the conductors work out of a central location, because technology is making the on board conductor obsolete.
I keep my MLP in a separate brokerage account (not either type of IRA) because in December I tally up the dividend,interest and cap gains and eyeball estimate the taxes that will be due on income for the year and send in enough money to the IRS. This way I avoid quarterly payments. By not mixing ROIC with other income I avoid sending too much.
In this area CSX is leasing at least 3 former Norfolk Southern GP38-2 switchers from First Union Rail (symbol FURX). They have removed the stallion symbol off of the ends of the engines, as well as the name off of the side. One that I pulled up information on was built in 1971, but the ones that I have seen running sound like they are in good shape.
Mickey - you are right. I can take fractional units of EPD in my WIFE'S Fidelity Brokerage account; the problem was in what account I use to sign on.
I apologize for the error.
I still stand that I will not mix MLPs and stocks or bonds.
I googled the term and found some interesting info at beginingtoinvest. What it does is save your dividends or interest or ROIC until the end of the quarter or year and at that time it buys shares of stock or ETFs or mutual funds. What you end up receiving is based a percentage allocation that the investor has set up. Therefor, the investors will end up with fractions of a share.
As far as I can see, this will not work the same way for MLP units, because you can not receive a fraction of a unit. For example, if your DRIP would give you 10.9 units of EPD you receive only 10 units.
Which brings up another problem - K-1s. There is enough trouble with tax returns, I would NEVER,NEVER,NEVER combine an MLP in the same account with stocks or bonds.
I will sit back and relax while I watch all that money coming into my account.
However, I will also kick myself for not owning more shares.
I was smart enough to buy SEB at $800 a share and sell it at $2,700 a share. It has never split and started at $10 a share.
If you see a decimal point in those numbers, you need to clean all the food off of your screen.
This is NOT a recommendation for the stock. The old man knew how to run the company, the son does not.
Sure - it provides value to products by making them available to the consumer. Evil, evil railroad. Are you going to drive to Detroit to buy your next car?
The parts came to Detroit by train to be put together there, that would be aiding and abetting the enemy.
Reading down this whole give and take, it is obvious that there are people here who need some education in how investing works, about share .price and resulting value. As I have said elsewhere, I have worked in handling stock splits and know the heavy costs involved and I know that they serve no LONG TERM purpose. Since not too many of you will get the same opportunity, I suggest that you read a book entitled The Intelligent Investor by Benjamin Graham. I know the book is old, but the later printing with the comments of Warren Buffett and Jason Zweig will help a lot. And reread it every few years. BTW, I have been in the stock market since 1969.