Birchtree's Account Talk

[MrJohnRoss]

Keep your powder dry. Eventually we'll get to your bargain prices.

 

[Birchtree]

My Birchtree 300 (oceanic account) mutual fund continues to build its' income base - now looking at 122 dividend increase announcements this year so far. You can't get gains like that from an annuity program. The question now is will 2013 be as good to me - I'll be staying long all the way. Snort.

 

[Birchtree]

Take me over the fiscal cliff and see if I care - I have 150 dividends paying before year end and the lower golden prices would be appreciated. Frustration is part of the game. The Obama constitutency is about to get hammered again and they don't evewn see the blind side coming - serves them appropriate. Let the unemployment rate rise - I'm already retired and will survive just fine. Bring on the pain.

 

[Birchtree]

I was just thinking that finally someone in the Obama administration was showing integrity with the CIA director resigning - now to find out it's over an extramarital affair. Most liberals accept fornication as a right, so why resign over that. It doesn't make sense. The question is was she an Iraqi woman?

 

[Sensei]

So this is the guy America was supposed to trust 100%, in term of how and when we were to withdraw from Iraq?

Sounds to me like he had experience in pulling out.

 

[burrocrat]

I was just thinking that finally someone in the Obama administration was showing integrity with the CIA director resigning - now to find out it's over an extramarital affair. Most liberals accept fornication as a right, so why resign over that. It doesn't make sense. The question is was she an Iraqi woman?

it's all a simple misunderstanding. somebody must've overreacted when he walked into the office wednesday morning and announced he'd gotten screwed last night.

 

[Birchtree]

It would appear that my oceanic account began eating some scat (bear poop) the day after the election: +$22K, +$52K, -$131K, -$59K, -$7K for a cool devaluation of -$123K. We'll see what next week may bring. I'm going to remain positive on the markets and let the politicians play their rapacious games. I'm looking for more income to come my way as we end the year. I'll wait on Dow 13,596 and DJTA of 5215 to signal a Dow Theory buy. Until then it'll be more scat for dinner.

 

[rcknfrewld]

Or an Iraqi Man? Shhh, don't ask don't tell...until recently (lol)

Yeah...better quit as CIA director if you cant even keep your own affair secret.
Betchya his wife's new name for the ex-General is "Betray-us".

So this is the guy America was supposed to trust 100%, in term of how and when we were to withdraw from Iraq?

Nothing to see here...move on just keep on blaming W. I wonder if Obama will blame his predecessor this time around...I want to know what Betrayus's price was for falling on the grenade...just before he was going to be called to testify about Ben Ghazi.
Vince Foster is rolling over right now...

 

[nnuut]

Funny thing about the timing of this thing, a Chicago Retirement?

 

[Birchtree]

"For REpublicans unhappy with the election, we have good news - at least most of you don't live in California. Not only did Democrats there win voter approval to raise the top tax rate to 13.3%, but they also received a huge surprise - a legislative supermajority. Look out below." Snort.

 

[Birchtree]

"For everyone on fixed incomes, including all the Obama supporters receiving debt-financed government checks for welfare or social security, inflation is devastating. Deficit-driven rising prices will slaughter them."

Big Inflation Coming 3 | Adam Hamilton | Safehaven.com

 

[Birchtree]

Bears In Control Until Charts Improve | Chris Ciovacco | Safehaven.com

 

[nnuut]

Just let Obama have his way and he will be impeached in his last year, then is Conservative time.

 

[Birchtree]

So Marc Faber is looking for a 20% market decline in 2013 - I say bring it because I like to suffer and reinvest my dividends buying more shares at golden prices thus giving me even more income to continue to invest with. Chances are though that we get a 20% rally instead - so who can't argue with that - I'll still be reinvesting my dividends but picking up less income but then capital gains will be glorious. Snort. Stand back away from the rocket exhaust because we are going up big time.

 

[tsptalk]

I hope you're right ("going up big time"), and the long-term charts may be on your side, but I'm trying to figure out what the market would like about the current situation. Good thing I'm not a fundies man and only do what the charts say.

 

[wavecoder]

So Marc Faber is looking for a 20% market decline in 2013 - I say bring it because I like to suffer and reinvest my dividends buying more shares at golden prices thus giving me even more income to continue to invest with. Chances are though that we get a 20% rally instead - so who can't argue with that - I'll still be reinvesting my dividends but picking up less income but then capital gains will be glorious. Snort. Stand back away from the rocket exhaust because we are going up big time.

i think a rally is possible as well (though i wouldnt be confident betting on that 100%), a lot of overreaction on the market lately. is the fiscal cliff even a thing to panic about? when I look at the numbers, it doesn't seem like a cliff at all, but a slope.

like you say though, a wall of worry is usually needed to fuel strong rallies

 

[Birchtree]

I'm fortunate that I'm not a member of the wealthiest tax payer class - so I'm essentially flying under the radar at the moment. I plan to continue with my dividend strategy even if I have to pay higher taxes. I believe I have good control of my adjusted gross income to help avoid some of the tax traps. Capital gains can be burned when needed. My earnings stream will remain intact - this current weakness will help as I buy golden prices. Today I have 2 dividends due, tomorrow there are 4 due and Friday there are 10 due - so weakness is an opportunity for the long term buyer of income yield. I have around 98 dividends due to be reinvested in December - the self feeding cycle goes on. There have been 123 dividend increase announcements so far this year and I expect a few more. I've also had several special payouts that I don't count but they are reinvested. So bring me some pain. Snort.

 

[Birchtree]

"The year 2012 has been a relatively good one for the economy but keep in mind that after the 4 year cycle peaks the momentum behind a steengthening economy tends to wane. The first year of a presidential cycle is typically one of the worst and that doesn't bode well for 2013 outlook."

An Economic 'Sell' Signal by Christmas? | Clif Droke | Safehaven.com

 

[Steel_Magnolia]

Just a drive-by hi, my friend.

 

[Birchtree]

Some of us have been waiting on the climax sell and I think it's here - so drill down baby. Bring on the stink and golden prices because I'm open to gathering up some wall flowers. Obama is going to bend - I could see it in his face. I'm into short term pain for the long term gain - this won't last to a 10% consolidation even if all major 200 days lines are penetrated. Snort.