Sunday, November 23, 2014

“Dahhhhhhhling, don’t touch the principal.”

Why Do Some Families Get Richer With Each Generation, And Others Get Poorer?

Dividends Really Are Like Snowballs

The Conservative Income Investor

The Income Investing Archives - SEARCH FOR MORGAN

Master List Of Stocks


ExxonMobil
Chevron
ConocoPhillips
Clorox
Colgate-Palmolive
McDonalds
Lockheed Martin
Pepsi
Dominion Resources
Coca-Cola
Johnson & Johnson
Pfizer
J.M. Smucker
Kimberly-Clark
Aqua America
US Bancorp
Dr. Pepper
Visa
Hershey
Kraft
Procter & Gamble
General Electric
Wal-Mart
Diageo
Anheuser-Busch
JP Morgan
Walgreen
Royal Dutch Shell
Abbott Labs
Philip Morris International
Nestle
Emerson Electric
Brown Forman
Church & Dwight
IBM
Southern Company
Berkshire Hathaway
Microsoft
Becton Dickinson
Realty Income
Wells Fargo
United Technologies
McCormick
Kellogg
General Mills
Campbell Soup
*Bold indicates my top fifteen highest quality holdings for life. 

At Yahoo the question was: I'm a college student with very low income. I want to fool around and learn about the stock market. I want to invest and trade in stocks ( Cheap ones). I have a bank of america debit card so does the bank have some trading platform I can use? Where do i start? I looked on betterment.com and they charge like $2500 it says. I havent made this in my life yet. WHere do i start :(

Best broker is Charles Schwab which also offers a checking account. 

There are two ways to invest in the stock market, the wrong way and the right way. 

The wrong way: Buy shares hoping they go up in value so you can sell them for a profit, aka capital gains. This might work some of time but in the long run you're more likely to get wiped out. This is called gambling. Gambling is stupid. 

The right way: Buy shares not caring if they go up or down because you're going to keep those shares for the rest of your life. Instead of capital gains you get income from dividends. Choose corporations that have a very long history of raising the dividend every year. If they don't have this history or if the annual dividend yield is too high (over 6%) then they are probably too dangerous. 

A good stock to buy is AT&T, stock symbol = T. Their annual dividend yield is over 5% and they have a very long history of raising the dividend every year. Keep the shares for the rest of your life, and keep reinvesting the dividends in AT&T or another corporation that pays a high dividend with a long history of raising the dividend every year. The dividends are usually paid every 3 months. 

With Charles Schwab you use a computer for everything, no humans required, but those humans exist in case you have questions. 

Before buying shares you will have to use the internet to transfer cash from your Bank of America checking account to your Charles Schwab brokerage account.

Bank of America, by the way, is not a stock broker. You can't use them to buy shares. 

My only checking account is with Charles Schwab. It takes one second to transfer cash from my Schwab checking account to my Schwab brokerage account. Schwab's fee for buying shares is $8.95 which is a good deal. The Schwab checking account is totally free, they don't charge for anything. They don't nickel and dime you like the banks do. And it's all online. No humans required. 

"If i buy a share of apple and it rises. I trade it for market value and make profit, the company will take out x amount of money?" 

NO, that's not how it works at all. You buy shares of Apple for $1000. The value of your shares goes up $100. You sell Apple. Your brokerage account now has $1,100 cash. 

If you keep those shares of Apple your brokerage account will have whatever the dividend is times the number of shares you own, when those dividends are paid (once every 3 months). 

Apple is a great corporation but the annual dividend yield is only 1.62% which is way too low. You want over 5%. The annual dividend yield, by the way, goes down when the stock goes up, and the dividend yield goes up when the stock goes down. The dividend doesn't change. The dividend yield changes when the price of the stock changes. 

Those wonderful dividend payments that go into your brokerage account, you can keep that cash in your brokerage account and use it to buy more shares when you're ready to do that, or if you need extra income to pay your bills or because you just got fired from your job, you can transfer those dividend payments from your brokerage account to your checking account. 

One more thing: The other answers were written by idiots. Ignore them. Most people don't know what they're talking about. 

Another one more thing: The stock market is dangerous. Think before you do anything. This is not a game. You can get wiped out, and that's exactly what happens to most new investors (even experienced investors can get wiped out). 

A 3rd one more thing: The best time to get started with buying your safe dividend paying stocks is when you're young, aka right now. But wait until you are sure you can buy these shares and be able to keep those shares for the rest of your life. The point is "DON'T TOUCH THE PRINCIPAL." In other words if you have one million dollars don't spend any of it. Instead live off what that one million dollars pays in dividends when you invest it in AT&T and other safe dividend paying corporations.

https://answers.yahoo.com/question/index?qid=20141122164359AAufnin

Sunday, November 9, 2014

FOR A STOCK MARKET INVESTMENT I BORROWED $5,700 FROM BANK OF AMERICA (PLUS $228 FEE EQUALS $5,928) WHICH I WILL PAY IN FULL ON OR BEFORE APRIL 2016 TO AVOID PAYING ANY INTEREST.


Request a direct deposit
Deposit funds from your credit card directly into your checking account in as little as 6 business days. Once your funds are deposited, you can access your money by writing a check, using an ATM or seeing a teller. It's your money in your account.
If you complete a direct deposit with a promotional offer before it expires, you'll be charged the transaction fee listed in the offer on the amount you transfer. Variable APRs will vary with the market based on the U.S. Prime Rate.
Standard transaction fee for direct deposits: 4% of each transaction (Min. $10.00).
Offer ID F5W9-W5RDK
Expires Dec 13, 2014
0.00% 
until
May 2016
After that,
8.24%
a variable APR based on the U.S. Prime Rate
4% of each transaction
Min: $10.00

Saturday, November 1, 2014

Agnosticism is a mental illness.


"But, whether there is or is not a Creator God...I have no idea."

It's easy to understand why there is absolutely no chance of there being a creator god. It's not necessary to write a book about it. This is not rocket science.

What is god? It's a magical being that magically makes things happen. Is magic real? Of course not. Even children know magic is just a fantasy.

God equals Magic equals Bullshit.

There are no magical beings hiding somewhere in the universe. Period.

Same logic for the Easter Bunny, a fantasy no less childish and no less ridiculous than the moronic magical god fairy fantasy.

Agnostic is not good enough. To be normal, people have to be 100% certain magical beings are not real. To pretend a magical being might be real is a mental illness.

Another problem with being an agnostic: The terrorists and bible thumpers love agnostics.

In a world of never ending religious violence, religious stupidity, and religious brainwashing of innocent children, we need to completely eradicate the fantasy that makes this disgusting bullshit possible. Not completely ruling out the god fantasy makes people part of the problem.