Investors....come in please!

[GROUCHO MARX]

Just to share.

About 6 years ago, after I had made $250k on one stock, I mentioned to a close family member that I should buy MO with the money I had made as it was trading at about $18/share and had a 10% dividend yield.

The person told me that the tobacco companies were a bad investment. I knew that the government would not let the lawyers put them out of business, but I did not pull the trigger.

I'm not going to say what this cost me. It was my fault for not listening to my gut, but listening to my greed. I hope I've learned my lesson and thanks for listening.

I took the money I made on GOOG last year and bought more oil and GE. It's my current play.

 

[Pablo]

It cost you the wealth of being a millionaire at that point in time. BTDT.

This is why I'm looking to dump NOIGF; After this next bump:

http://www.nal.ca/investor/tax.html

 

[msparks]

Pablo,

So why is it bad to own NAL? Maybe I don't get it. I sure like a 10% dividend

 

[Pablo]

I don't like the 15% tax. I just refuse to pay taxes in a tax deffered account and then be taxed upon wd. There was even a blurb about it in PF. I guess the libs in Canada saw it convenient to tax this way. I believe you can ask for a refund if you aren't in a tax free/deffered acount, which is just whacked to me.

 

[GROUCHO MARX]

If you trade the stock in the tax deferred account you can avoid the tax.

When I bought 1k shares of PGH for my IRA, I was hoping for a 25 cent pop to give me the monthly dividend w/o the tax payment.

 

[Pablo]

GM - how to avoid the tax? It's a tax on the dividend.

PGH is NOT taxed the same

 

[GROUCHO MARX]

PGH is taxed on the dividend. I believe the tax is 10%.

 

[Pablo]

Well OK let me restate. Last time I owned PGH it was not taxed on the dividend. The tax is a new thing started last year.

Do you have a way of avoiding this tax?

 

[Pablo]

sucks - we just need to make sure we subtract that tax when bragging about yield.

 

[Last_Z]

Well, same as always LU, MOBL and VIGN all down. It doesn't help I sold and bought MOBL EXACTLY at the wrong time! You may remember from last year!

I'm used to it though!

 

[Pablo]

You still own those? Gonads of steel!

 

[Pablo]

dun gud 2-day

 

[GROUCHO MARX]

I was doing beter in the a.m.

 

[Pablo]

Well balanced. I would have preferred more.....but the taste of rotten bacon is not good.

Mucho dividends coming up.

 

[GROUCHO MARX]

I haven't found one, and yes it wasn't taxed last year. It's in my IRA as well.

 

[Last_Z]

quote:

---

You still own those? Gonads of steel!

---

Heck yeah....I'm down on 'em! Long-term, remember?!?!

 

[Pablo]

Good follow through on my "normal" funds today. Balance Good.

 

[GROUCHO MARX]

I'm seeing sell indicators on the indices, GE, ELN, TEVA.

I'm going to weather the storm with GE and stay away from the others.

 

[Pablo]

Mo back on ELN? (which is now at my buy point, up .10 today)

DSX has made me real cash, ex divi 24th.....

 

[TheLoneRanger]

Pablo, DSX is interesting with that 12% yield. Goes x-div tomorrow, but no movement so far today.....?

All the steels were upgraded today.

Gasoline futures going back up.....maybe helping Valero....?