Hope all is well out there in blog-land. Things are certainly interesting here. I will try and keep my head straight. This week is just nutso. Lots going on. Between scouts, swimming lessons, birthdays, recitals, etc. it is hectic.
So the fed announces a cut in the rate and the market goes up from being down. But it is short lived because there were a whole bunch of people who dumped their holdings for short term gains. So, what does this lesson tell us. Take modest gains where you can for the short term (if you are the active trader type) or sit it all out. These guys throw around millions like we throw pennies into a fountain. Don't try to beat them. Just take your mediocre gains and be happy. As for the market, there will be more money flowing in as people make more due to raises and bonuses. So expect a rise soon of gradual proportions. Stay the course. Remember the Alamo! (jk)
Seriously though, check out the shareholder wealth-building plans offered through Computershare.com. They are a service provider for investing directly with companies. They make it easy to search through their vast plan management system to determine which DSPP and DRPP plans are best for you. I happen to be using them for Bank of America (BAC) and ExxonMobil (XOM). Mostly because these are cash giants who pay great dividends. Their shareholder plans (offered by the companies themselves but using the Computershare system as a vehicle) also have no buy fees, auto. dividend reinvestment, and no maintenance fees. Plus, initial investments aside, you can invest small amounts every month to build over time and dollar-cost-average. As for XOM, look for them to kick ass on their earnings soon. But seriously, some of the plans through computershare don't require initial investment (or even on-going investment) if you are already a shareholder of the company. They may let you enroll to have your dividends re-invested for free. Not too bad a plan.
Anyway, those are like savings plans with an attitude.
Well, enough of my rambling for now. More to come soon.
-K
P.S. I think we should start our own class of funny icons for IM. Here are some examples:
3 this is my ass mooning you.
3< this is me farting in your general direction
:{)C=8 you can tell someone to s$#% it with this one
\n|m this is a modification of the you rock symbol: \|m| to have you giving someone the bird
>:) this is (in my opionion) a devilish, evil smile. Generally reserved for when you make a joke at someone else's expense
3C=8 this is what happens when you pay taxes
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3 comments:
Hey Pauly,
Its funny you mention throwing pennies in a fountain. Last Sunday, (no football was on) we had some time so we took the boys to the mall to get their portraits done at Picture People. While we were walkin around to keep busy waiting for the pics to develop, my soon to be 3 yr old son walked over to one of the fountains and started climbing in to get "get dad money to pay for toys". I didn't notice him as I was distracted checkin out this bombshell (she was probably 18) walkin by and I grabbed him last second just before he was goin in for the plunge.
Amazing how that rally yesterday was short lived. Makes you think does anyone think long term anymore?
Hope you're feelin better my man.
You get to listen to what I sent you yet?
Here's a symbol for ya...
8====>
get it? it's a weiner
Paul,
Just curious but why is XOM a good dividend paying stock? its only paying 1.6% of a dividend from what i can tell. I am guessing that dividend rate dropped as the price went up and it used to pay a bigger percentage.
As for another symbol, here's when for when you get out of a cold swimming pool:
8=> As George says "I was in the pool!! I was in the pool!"
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