Birchtree's Account Talk

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May not see a repeat next year, have to wait for November to start looking in the crystal ball.

Haven't heard how the daughter's new career is going. Hope she is happy now that she's out of the military.

Happy investing brother!
 
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Since my daughter finished up her contract with BP she has become an international jet setter. She is based in Chicago and spends one week in San Francisco each month and then travels to Switzerland about every six weeks for a week working a contract for Roche. She is becoming very much aware of politics and has finally reached the point in life of what I call the innate desire for knowledge. She still jogs like she did in the military and keeps up on facebook with many of her peers - that's a nice network to have.
 
The VIX has moved back up into the 16 level which makes me more comfortable. The selling heat is fine and healthy - next week we'll be back on track for making higher highs - don't you just know it. September is a big month for my dividend reinvestments. The current consolidation will probably be finished on today's close. Let'em sell stocks, the IRS needs the taxes to help with our budget deficit.
 
Mr Bullard is a nonvoting member of the Fed and yesterday was probably responsible for ruining my chances for a $400K August (blame game). He doesn't have a vote so what he says doesn't really matter or it shouldn't. But I'm not going to give in to failure and keep my chin up for that $400K moment - at least I have six more days of trading. So this week may go in the books as a loss - but next week could be redemption gang busters. Stay bullish because hope for change is at hand.
 
Here is a look at my oceanic account this week: -$6K, -$2K, -$5K, -$53K, +$12K for a devaluation of -$54K. That now leaves me only +$152K ahead on the month. We'll see what the anticipation of QE3 will bring to my account next week.
 
Birchtree said:
Here is a look at my oceanic account this week: -$6K, -$2K, -$5K, -$53K, +$12K for a devaluation of -$54K. That now leaves me only +$152K ahead on the month. We'll see what the anticipation of QE3 will bring to my account next week.
Click to expand...

I see you have had a lousy month so far. Don't cry now - you have another week to improve your lot.
 
Birch, finally looking to get into some dividend earning stocks. Looking for some advice.

I few stocks I am watching have an ex-dividend date of next week (sep 5 and 6), I'd have to buy today or tomorrow to get the dividend. Two days prior I think?
I expect to hold long term, as long as the stocks meet my criteria. Looking at some charts, it looks like the stocks go up just before the ex-dividend date and come down after.

Would you recommend buying after the ex-dividend date assuming folks will be taking dividends and running, or since I am holding long term
get in and take some dividends.

Thanks Birch.
 
If you have a longer term perspective then timing is not important - buy now and reinvest those dividends. September is susposed to be a weak month and I have around 75 dividends due so any weakness is to my advantage for buying more shares at golden prices. I'm watching my income stream increase everytime another month goes by. I've now reached 100 dividend increase announcements with more to come possibly this year. If I can do the same next year I'll be a very happy camper. Good luck on increasing your income stream.
 
Birchtree said:
If you have a longer term perspective then timing is not important - buy now and reinvest those dividends. September is susposed to be a weak month and I have around 75 dividends due so any weakness is to my advantage for buying more shares at golden prices. I'm watching my income stream increase everytime another month goes by. I've now reached 100 dividend increase announcements with more to come possibly this year. If I can do the same next year I'll be a very happy camper. Good luck on increasing your income stream.
Click to expand...

I bought some "wall flowers" today. :D Figure I'd take the lows (I hope they were the lows) and got in. All with dividends ex-dates in the next few weeks. I'll let you know how I do with my dividends. Started small, but I'll build up as I get comfortable with it.
 
Going foward applying some superlative bull manure to those wall flowers will cause them to bloom into capital appreciation roses. The risk with capital appreciation is the change factor of up and down, where dividend income usually remains constant or improves. I've experienced one reduction this year. I'll use my capital gains in tandem with my taxes for large purchases as I grow older and what's left over will go to my heirs.
 
Let's take a look at the oceanic performance from last week: -$17K, -$3K, +$1K, -$45K, +$24K for a devaluation of -$40K - well I had high hopes for a +$400K moment on the month but Obama, once again, didn't come through. Now it wasn't a loss at any rate - here are the stats for the month. Week 1/+$23K, 2/+$123K, 3/+$60K, 4/-$54K, 5/ -$40K for a gain of +$112K. So if I can get another gain like that for September I'll be a happy camper. If not I've got a bunch of dividends due while I bump my bottom on the bottom. It's always good to reinvest dividends when prices enter the golden zone. So I'll wait on Super Mario for something positive and a not so great jobs report. Snort.
 
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