Birchtree's Account Talk

[Birchtree]

GUCHI,

You'll have to take the long way around to avoid taxes by going into an individual IRA first - then over time you can do a roll over Roth IRA. Most brokerages don't allow any margin accessability in defered accounts so you'll eventually have to open a discount brokerage account. It will take time unless you don't mind paying the taxes. This is where your annuity will hurt you and keep your tax basis elevated. If you transfer directly into a discount brokerage account there will be tax consequences - that's your sacrifice. Pay the taxes and you could have access to margin buying power and make up the difference over time. The choice is yours to make - if you have some deductions to offset the taxes that would help your decision - otherwise there is no escaping the greed of Obama. Margin rates are indeed low and will most likely remain low for several more years and if you buy the right stocks your buying or borrowing power will increase using your stocks as collateral. It's a great time for guys like me to leverage up and I'm hoping I can buy my lake place using my margin cash and completely avoid the banks - but only time will tell.

 

[Birchtree]

And now I find out that my URS position is in play for a buyout - I don't want the tax consequences from this transaction but there is noting I can do.

 

[GUCHI]

bt thanks for the info, looks like I have work to do to avoid taxes.

 

[markmars]

Bulldaddy says keep your sticky pants on and ride through the coming 10% correction to get to the next big pump up of maybe 50%.

Energy is what spurs our economy with the US becoming the world’s biggest oil producer the bulls should be running.

 

[Bquat]

Where is Birch and what have you done with him? I've noticed his absence.:worried:

 

[Birchtree]

Now my TWX is in play - who is next?

 

[Birchtree]

I know who is next: my Dresser Rand DRC is now in play. Please make them stop

 

[Birchtree]

My oceanic account did not suffer a complete meltdown like last week but it did try to come close: +$41K, -$31K, +$33K, -$86K, +$75K for a grand totalof +$32K. If I can make 67K in the next 9 trading days I'll be even on the month - but I much prefer to lock in at least +$100K if possible. So perhaps we have seen the worst of the month and can now get down to business. Lots of M & A and I'm sure I will lose a few more to the market diety. I mean, I still make good money but I'd still prefer to own all my flowers and only give them up on very special occassions.

 

[Birchtree]

"Grantham claims Yellen is encouraging an equity bubble." Well geesus I hope so - I want my equity bubble before the year ends.

 

[Birchtree]

All set for a new all time high in the SPX above 1958.59 - there goes history.

 

[JimmyJoe]

Bulldaddy is chasing Ferdinand before I go to mow my lawn: CVG, IVZ, ETH, AGO, HVT, BWP. I may return later for a few more nibbles - until then I'll be sweating for love.

Ha ha ha ha. I'm back. Ha ha ha ha. Just in time to see the SPX hit 2000. I've been prepping my house for sale. So happy for LNG. Yes I've been busy. Good to see you've all been blogging. So what's up with the S fund?

 

[Birchtree]

I have some great news. Hezbollah may join Hamas in the fight - that way twice as many Jihads get to heaven.

 

[Birchtree]

I have now garnered 103 dividend increase announcements ytd - another 60 during the next four months would be purrfect. My last one was SWK.

 

[WorkFE]

Very nice BT. I always keep me some handyman stock in the Portfolio.

 

[Birchtree]

Doing a little buying on weakness: CBI, AVY BAS, B, LBY. I could do more but I'm in no hurry - there's always next week.

 

[Birchtree]

The week was another slow walk in the park: -$36K, +$60K, +$5K, -$21K, -$38K for a give up of -$30K. I have 12 remaining dividends to be reinvested next week and if it's another slow go I'll spend a few more dollars into my base. Dividends do matter in retirement and they will be on their way for many more years. We'll see what August might bring.

 

[Birchtree]

Unbelievable collapse in small-cap stocks - MarketWatch

 

[jkenjohnson]

Unbelievable collapse in small-cap stocks - MarketWatch

And this is when the dumb money sells and the smart money makes money?

 

[Frixxxx]

And this is when the dumb money sells and the smart money makes money?

Read:

Smart Money vs Dumb Money Sentiment Shows Strong Divergence Of Opinion | Investing.com

 

[Birchtree]

July will go down as a nowhere month for me. I thought that because I brought home +$273K for June that I would persist - not to happen. I'll be out about -$150K unless the next two trading days brighten. I did however get to reinvest 60 dividends at some golden prices - the only problem is I have another 54 to go for August and I need some cash. Yes, August will treat me better. Even though slow money is still good money one needs animal spirits in the summer time. Thanks to Russia there is the possibility of commoditty prices making some gains - I'll do fine in that area.