Birchtree's Account Talk

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rspring said:
This market is on eggshells waiting for it to crack. That is what kept me on the sidelines last year,
waiting for the big correction that never happened. I find it interesting the Fed reserve non-voting members decided to help manipulate the market today. I have decided to stay the course this year because things have definitely changed for the better. Hopefully the downside will be limited and if earnings are stronger than expected who knows where we will be two weeks from now.
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How did Fed reserve non voting members affect market today??
 
Birchtree said:
If I recall it wasn't that long ago when we experienced a +294 point day - same thing could easily happen in an instant. I could simply take some capital gains and hide out from the bears but then that would be no fun - time will come when harvesting is appropriate but not yet. Now back in May 2012 I gave up -$427k and survived - however I would not like to see that again but it'll probably be my destiny - no pain no gain. There is no valid reason for me to cut and run - afterall I've got dividends that like doing the heavy lifting with golden prices - it's all about the income stream growth.
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Hi Birchtree, what date of record do most stocks need to be owned to get the dividends? I know they all vary but I should think most fall a certain week each month, or quarterly.
 
DBA,

I believe the waiting period is usually 3 weeks between record and payable date but on some occasions can be longer.
 
And here today we have another liberal politician, Hollande of France, caught with his zipper down. Barack, you will be outed also.
 
And here comes a 100 point gain - that only leaves 79 points more to run - and then stand back at the open tomorrow. 2014 is going to be real sweet.
 
DreamboatAnnie said:
Hi Birchtree, what date of record do most stocks need to be owned to get the dividends? I know they all vary but I should think most fall a certain week each month, or quarterly.
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Not to hy-jack your thread, Birchtree, but I think DreamboatAnnie is asking how many days ahead of the "Date of Record" when a company looks in its books to determine who to send a dividend to; do you need to own a stock to show up in the books? Answer: 3 days, which is a stocks settlement time. You will know if you missed it, because the stock will usually fall by the dividend amount in pre-market the following morning.
 
I'm sitting here all warm and comfy in a large pile of superlative bull manure such that I don't think I'll ever get out. We have the big V and headed higher - why should I give up my current residence. I think it may be time to look at some VEA for the future.
 
I'm so fortunate since my retirement a few years back to be able on occasion to make more money in one day then I did all year while working - that's capitalism. But I've had to assume some risks to make that happen and I'm still running the rails in front of the Grand Trunk. The plan is to leverage up as much as possible while interest rates remain low and the bull is in full rampaging mode.
 
Birch... How are you with options? I had a co-worker showing me the basics of options to include the butterfly one. And there's a lot others as well. Seems really interesting. Do you have any "preferred" sites you like to use if you do options?
 
I don't care for options primarily because they are too short time related - I prefer the lazy way to invest and make my money. I'm in no hurry and don't like to be pressed with the time element expiring. I use leverage and that's exciting enough for me. That reminds me to add to my sacrificial lamb chop account for protection against those darn back office sweet girls when they send out the margin call - you just never know when that 20% correction will kick me in the head.
 
The current question in my mind is are we going to have a record run of four back to back triple digit Dow gains - whew that would be very positive for the remainder of January. I'm still holding out for a +$300K month. This market is really looking healthy for the wealthy.
 
If we close above 1850 - is the S&P 500 about to stage a multi month rally? You can take that to the bank and be prepared to witness a massive wave of panic buying. There is no stopping this bull.
 
Well Rochester we just had the best 2 days for the SPX in 3 months. And with the continued possibility of a large reallocation out of low yielding bonds into stocks could this cause a big gap open tomorrow - I would not be surprised because it will catch many in cash and you cannot capture that gain in cash. There is still plenty of doom and gloom around - but if you don't buy stocks now they will only cost more in the future - that's the lesson of 2013.
 
Will Uncle Ben say anything that will push the market back to unchanged - probably not. But then it really doesn't matter - my 7 dividends due today will ease the pain.
 
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