Colidiotone’s Blog

September 14, 2009

14 September 2009

Filed under: Uncategorized — colidiotone @ 10:29 pm

I can’t believe that nine months have gone by since I posted in January.   I just finished looking at my daughters post in her blog,  MyTwoBlessings and noticed that one of her 59 daily look-ins was another daughter who only had two places that she looked.    Colidiotone was one.    So I thought if only one person was interested in what I had to say that could be a start.    Robin started with one and now has 59 interested viewers.     So starting today I will put something of interest in once a month.     Tomorrow will be an update on the stock market  and my battle with the Good Sam Insurance Company.    Stay tuned.

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January 18, 2009

MY FINANCIAL PLAN FOR 2009

Filed under: Uncategorized — colidiotone @ 5:09 pm

2009 INVESTMENTS

 

JANUARY 15, 2009

 

EVERYBODY NEEDS A PLAN, SO HERE IS MY FINANCIAL PLAN FOR 2009.

PUT $30k IN SIX NYSE STOCKS

CATERPILLAR INC (CAT) $38.47 paying 4+%

DIAGEO PLC ISIN (DEO) $53.29 paying 5+%

KRAFT FOODS INC (KFT) $28.28 paying 4+%

ALTRIA GROUP INC (MO) $16.53 paying 7+%

PFIZER INC (PFE) $17.26 paying 7+%

WAL-MART STORES INC (WMT) paying 1.5%

REASON: AVERAGE 5% WHILE WAITING FOR MARKET TO GO UP. EXPECT STOCKS TO INCREASE TO $45,000 BEFORE DECEMBER 2010.

GOLD STOCKS

BUY 10 SHARES OF SPDR GOLD EACH MONTH UNTIL YOU HAVE $20K IN GOLD BARS.

REASON: HEDGE AGAINST INFLATION WHICH WILL BE COMING BECAUSE OF LARGE AND GROWING DEBT BY THE U.S. GOVERNMENT

CANADIAN STOCKS

CONTINUE TO TRADE STOCKS IN ORDER TO RECEIVE OVER $30K IN DIVIDENDS AND INTEREST.

CASH

KEEP SIX MONTHS LIVING EXPENSE IN A SAFETY DEPOSIT BOX.

OPINION

NO ONE CAN BE SURE THAT THE COUNTRY WILL NOT GO BANKRUPT DURING THE OBAMA ADMINISTRATION. THE DEMOCRATIC CONGRESS HAS THE ABILITY TO CAUSE THE NATION TO GO FROM RECESSION INTO A DEEP DEPRESSION. EXPECT 10% UNEMPLOYMENT AT SOME POINT DURING THE YEAR. A SECOND HALF RECOVERY IS ONLY A WISH. CALIFORNIA HAS A 50% CHANCE OF GOING BANKRUPT AND FOLKS WILL CONTINUE TO LEAVE THE STATE. THIRTY SOME OTHER STATES ARE IN FINANCIAL TROUBLE. THERE IS THE POSSIBILITY THAT THE MEXICAN GOVERNMENT WILL FALL CAUSING A MASS MIGRATION TO THE U.S. PUTTING A FURTHER STRAIN ON THE ECONOMY. MY FATHER USED TO SAY ABOUT SOME POLITICAL FIGURES THAT THEY KNOW ALL, SEE ALL, AND DO NOTHING. IT IS MY HOPE THAT ALL THE POLITICIANS WILL DO NOTHING FOR THE NEXT SIX MONTHS AND MAYBE THE NATION WILL RECOVER FROM THE MISTAKES THAT HAVE BEEN MADE. I CAN ONLY HOPE!

 

PRESIDENT BUSH WILL BE REMEMBERED

Filed under: Uncategorized — colidiotone @ 4:47 pm

When  Mr. Obama takes charge of foreign policy he will finally be the full time President.    He already has firm control of domestic policy and is pushing the Democratic controlled Congress  towards his domestic relief package.     I believe this is the first time in history that a President-elect is in charge of something before he is actually the President.   That being said, what will President Bush be remembered  for?    

  The U.S. not being attacked after September 11,   2001 is the obvious answer.     Also, his Supreme Court appointments will most likely be what he is remembered  for in the years ahead.      But  for me what he will be remembered  for is not giving in to Al Gore and letting him steal  the first election.   He didn’t follow the example of so many Republicans and just do the right thing and let the Democrat win.     Richard NIxon  did the right thing  and let  Jack Kennedy win,  thanks to the Illinois  machine  coming up with enough votes to steal that election.   

  I remember when  Mr.  Johnson became a Senator in Texas by stealing the election.      Duval County  Texas can always be proud of the fact that by just having so many dead folks vote that  Mr. Johnson ended up being the President of the U.S.      Winning Senate elections can become important.  I am watching  Mr. Al Franken  and the Democratic Party  in MN  working on stealing  the Senate seat in that State as I am writing this blog.      If  Franken wins will he become President someday???     

The history of the Democratic Party  is a history of stealing elections and of Republicans doing the right thing for the good of the Country and just giving up.        In  Florida they had recount after recount and Mr. Gore just kept losing and then losing  again.      George Bush was just as bull headed as he could be and refused to be a Nixon.    Finally when the Democratic Court in Florida tried to do what the voters couldn’t do the  High Court  said enough is enough and gave the election to Mr. Bush.     Even though he won the election the following four years  the liberal left would never get over the fact that the liberal press left the impression that he  stole the first election.     This is what Democrates do,  not Republicans,  and  Bush has been hounded for eight years.      So it is my belief that as history is rewritten and it usually is, that  the 43rd President  will be remembered fifty years from now for stealing the Presidential election  from Al Gore.     Mr. Gore will be remembered for pushing global warming when it turned out to be the beginning of  the “ICE AGE” and having invented the internet.

January 16, 2009

WHAT TO DO WITH $30K

Filed under: Uncategorized — colidiotone @ 6:09 pm

A  friend just cashed in his 401K and got $30,000 and wanted to know what to do with it,  RIGHT NOW.     I told him to buy the following six stocks.    Wal-Mart, Pfizer, Alteria Group, Kraft Foods, Diageo, and Caterpillar.     As we are in a recession its tradition for folks out of work to booze and smoke.     So DEO and MO   paying 5+ and 7+ percent   are a play on drinking and smoking.     Because folks also have to eat  WMT and KFT  will give them the food to eat at  home while they watch TV and when they are not in the bars.     Because they will be getting sick from stress PFE paying 7+ percent  will be selling all the new meds they have in the pipeline.      CAT paying 5+ % is a buy because my son-in-law works there and I don’t want him drinking and smoking in some bar.  Also I think the price will double sometime in the next three years when China gets  rolling on all there new construction projects.      Since earning  5% plus while waiting for the market to turn up sounds like a good idea I think I will buy all six of these today myself.

January 12, 2009

JAN 10TH – WHAT A MESS.

Filed under: Uncategorized — colidiotone @ 2:50 am

I haven’t got the hang of this blogging yet.    I wrote some information in another site,  copied and pasted it, and it came out scrambled.     I would have been better off  just reading a good book which I am going to do right now.    The book, “The Short History of the World”  by H.G. Wells.    I will try this blogging again tomorrow.

January 10, 2009

WHAT STOCKS I AM BUYING

Filed under: Uncategorized — colidiotone @ 8:36 pm

My portfolio has from ten to fifteen stocks at all times but I have four anchor stocks.    ATPWF,  CSUWF, MCQPF,  AND YLWPF.     I have posted the price and the yield for these four to show the range in a one week period.   

 

 

 

 

 

 

 

 

JAN 2, 2009 and JAN 9, 2009

YLWPF

 

 

 

Yellow Pages Income Fund indirectly holds an approximate 97% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada’s largest telephone directories  publisher. It publishes annually more than 340 Yellow Pages(TM) and residential directories. The Company owns and manages Canada’s most visited online directories, YellowPages.ca(TM) and Canada411.ca, as well as CanadaPlus.ca(TM), a network of seven local city sites. Trader Corporation is a Canadian leader in print and online vertical media with approximately 200 publications and 20 web sites covering four product verticals: automotive, real estate, general merchandise and employment. Its main brands include Auto Trader(TM), Auto Hebdo(TM), The Bargain Finder(TM), Buy & Sell(TM), Renters News(TM) and Home Renters’ Guide(TM).   This stock price is held down due to a comparison with the Yellow Page industry in the U.S.  which is having problems in the print media.    This stock’s revenue is growing rapidly because of its tie in to Google, Yahoo, and EBay.      

ATPWF

 

 

 

Atlantic Power Corporation owns interests in and manages a diversified portfolio  of independent, non-utility power generation projects and one transmission line situated primarily in major U.S. markets. Generation projects typically sell electricity to utilities and other buyers under long-term power purchase agreements MCQPF

Price $4.44 Yield 19.59% Div 0.87 / Price $4.67 Yield 18.84% Div 0.87

MPT invests in essential infrastructure assets, which typically generate sustainable and growing long-term cash flow as a result of consistent demand for the basic, everyday services they provide.

MPT’s portfolio currently includes gas cogeneration, wind, hydro and biomass power generation facilities, representing 350 MW of installed capacity, and an investment in Leisureworld, a social infrastructure asset.

CSUWF

Price $7.96 Yield 13.44 Div 1.07 / Price $8.13 Yield 13.25% Div 1.07 

The Consumers’ Waterheater Income Fund owns a portfolio of 1.4 million installed water heaters and other assets, leased primarily to residential customers in Ontario. Direct Energy Marketing Limited provides service support to the portfolio in exchange for 35% of aggregate rental revenues, thereby significantly reducing the Fund’s operating risk. The asset base has been generating stable and growing cashflows since its inception in the late 1950s.

comments:

The above four stocks are all listed on the over the counter exchange in the U.S. and the Toronto Exchange in Canada under different ticker symbols.. These four stocks represent 50% of the capital in my Fidelity Investment Account. There main function is to provide monthly income and stability. The stability was not there in 2008 resulting from the heavy losses to the the U.S Stock Exchanges. Even though most of them lost over 40% in value in 2008 they continued to pay the monthly dividend because they are well run and profitable companies.

YLPWF will convert to a corporation on 31 December 2010 paying the same dividend and ATPWF has stated that it will pay the same dividend or more through 2015. CSUWF will continue as a steady cash cow. and MCQPF will continue to add to infrastructure in 2010 and most likely increase its dividend. All dividends are taxed in Canada at a 15% rate and are deductible as a tax credit on your U.S. tax return. The dividends are qualified dividends with the exception of interest payments from a bond held by ATPWF. These interest payments are taxed at your normal tax rate.

When the Obama Administration finally has a new or changed tax plan it may cause me to adjust some of my holdings.. The two electric power companies, ATPWF and MCQPF sell power to large utilities in the U.S. such as Southern Company and Duke. No U.S. utility has ever failed to pay on a Purchase Power Contract (PPC). I expect the price of the four to fluctuate with the U.S market during 2009 but when everything finally settles down I am looking for a 40% capital gain over the next two years. Meanwhile a 15% return, paid monthly, will be welcome.

The County Recorder’s Office

Filed under: Uncategorized — colidiotone @ 4:34 am

When August 2008 rolled around I thought it would be a nice birthday present for the wife to pay off the house.    Which I did.    Bank of America said wait 90 days before contacting the County Office to check on the transfer of the house from Bank of America to the two of us.    Before the 90 days were up I received a very official looking document from a company back east that told me how I didn’t need to go to the recorder’s office but just mail them a check for $70 and everthing would be taken care off.    Well,  I didn’t send them any money and today drove to Kingman,  the county seat, and visited the Recorder’s Office.    A very nice lady  with the name of Mary McCoy was very happy to help.      She was only too happy to make the transfer papers out for the fee of  $1.     After exchanging  family stories,   she was the youngest of ten,   as is the beautiful wife,    she told us that the letter I had received was legal but a scam to get money out of old folks.     I guess we qualify.      You send these folks $70  dollars and sign a release and they mail it to the Recorder,  pay the $1,   and pocket the difference.     All house sales are public records and they have access to them.     I don’t know if the bank sold us to them or who did but I’m  writing something up for our local  paper  and for the senior circle  to have them make the people of Bullhead City aware of this money making business.

January 5, 2009

Another year in the stock market

Filed under: Uncategorized — colidiotone @ 2:33 am

In 2007 I made over 400 trades in the stock market in my Fidelity account.   In 2008 I made over 500 trades.     In 2007 I made lots of money and in 2008 I lost a lot of money.     I only pay $8 a trade so I can trade a lot without going broke.    I had an account with Merrill Lynch for 20 years and didn’t trade much because the costs were too high.     So I guess I was a buy and hold guy with Merrill and a wild trader with Fidelity.   

  As the wife has a IRA with Vanguard I get to compare their funds with Fidelity’s on a monthly basis when their newsletters come in the mail.    I also get Kiplinger’s Personal Finance and Money Magazine along with four other specialized newsletters on investing  each month.      Some might say I get too much information.     I was actually thinking of handing my account over to a mutual fund manager because of   losing  almost 20%  of my capital near the end of the year.     I was pulling out gains most of the year and in August paid off our home for a birthday present for the  wife.   My stocks got hit hard the moment Mr. Obama was elected in November.    

 I just finished reading my January issue of Kiplinger where the magazine  listed the 20 largest stock mutual funds ranked by size.     The most any fund  lost was 46.9% (Fidelity Diversified Intl)  and the least any fund lost was  24% (Vanguard Wellington).      The reason I beat all the mutual funds was because of dividends.      Most of my stocks pay large dividends.      The S&P 500  with dividends  was down 35.5%.    So index funds got killed also.   

Tomorrow I will get started again and  I have a goal to increase my portfolio by 15%   during the year  while keeping 50%  in cash or a money market fund.     In case anyone is interested  I will put my stocks – buying and selling and what I am holding starting next week on this blog.      I want to see if I can beat all the mutual fund professionals again this year.

November 19, 2008

She Lost Over $400,000

Filed under: Uncategorized — colidiotone @ 5:10 pm

This poor women was conned out of over $400,000 dollars by the Nigerian Con.    For over two years she has been conned into believing that she would receive millions of dollars if she would just keep sending money to a bank in Nigeria.    She mortgaged her house,  spent her husbands retirement money,  wiped out her 401K,   and if she’s lucky will end up on Oprah to tell her story.    Talk show host Mike Gallagher is asking if anyone can feel sorry for her for falling for this con for two years.    The call ins are calling her stupid for answering e-mails and believing that she was going to get rich.     Wait a minute!!    Isn’t this exactly what the American pubic has been doing for the past two years.    They have been donating there hard earned money to a campaign that promises “CHANGE”.    The public has bought into to FREE medical care,   FREE college education,   and some even think  FREE  gasoline,  and a FREE mortgage.    So when all these things turn out to be a con job by a very smooth Chicago street organizer will anybody feel sorry for the millions of stupid people who have been conned???     I won’t.

November 15, 2008

After Veterans Day

Filed under: Uncategorized — colidiotone @ 10:02 pm

There was about two hundred people who showed up to listen to what I had to say.    It was a very nice program.   The Invocation was by a Navy Vet.    He also led the Pledge of Allegiance.   The moderator announced the new law that allows veterans to salute the flag, and most did.    I got a nice intro.   After my 30 minute speech I gave a poster of a SR 71, the Blackbird spy plane,  to the oldest vet attending.   He was in the Navy stationed  in Hawaii on a ship there when Pearl Harbor was bombed by Japan in 1941.    He is one of the last Pearl Harbor survivors.    The audience then sang all the songs for each branch of service and then ended with God Bless America.    The women had prepared about six or seven differant kinds of sandwiches and all kinds of punch for drinks,  and cookies of all sizes and shapes.    My talk covered the period that lead up to WWI and then the year 1918.  

  I think the part of my talk that created the most discussion afterwards was dealing withthe  Spanish  flu.      Most folks were aware that the war lasted from 1914 to 1919 with the fighting being stopped with the Armistice  in November 1918.    But most people did not realize that the U.S.  was in the war for only a little over one year.   I felt that the Spanish Flu contributed  to the end of the war more than the fighting.    In March 1918 a soldier came down with a new type flu  in Kansas.   By August it was declared a pandemic.    Estimates of the number of people who died after that range from  40 to 100 million.    What was weird about this flu was that baby’s and old people didn’t get hit as hard as young healthy  people.   And it was fast,  get it in the morning,  unable to walk by evening,  and dead in the morning.   The stronger your immune system the worse you were hit. It would wipe out whole  towns and villages around the world before it ran its course.   It wiped out one quarter of the population of England.   It killed two to three times as many people as the war.    The Spanish Flu didn’t start in Spain it just got that name because with a war going on there was world wide censorship.    Spain wasn’t in the war so when it spread to Spain from France  they started telling the world about it and so it ended up being called Spanish Flu.  Someone in England wants to dig up some of the remains  and track the DNA because the cause was never found but other folks are against that idea for fear it could come back. 

    What else of interest was going on in 1918.    Congress established time zones and approved daylight saving time.    Boston beat the Chicago Cubs in the World Series.    When Boston won in 2004 it was said they finally beat the curse of 1918.    Maybe so, but the Cubs last won the World Series in 1908 so they are enjoying a 100 year curse.    The U.S.P.O.  started the first airmail service in the world.   Flights were between New York,  Philadelphia,  and Washington D.C.     In the Argone Forest in France Corporal Alvin York did his thing killing 25 German soldiers and then 132 others became his prisoners.    

 I think the week leading up to the Armistice was interesting also.    The German Navy mutinied on the 4th of November,  the German Army withdrew its support of the Kaiser on the 8th and Kaiser Wilhelm II skipped town on the 9th and headed to the Netherlands to live in exile.     By the 11th with the folks dying of the flu,  the Army and Navy were being beat up, the folks were ready to stop fighting.   

 During the Vietnam War   so many folks wanted us to quit.   Now during our occupation of Iraq the folks are again wanting  us to quit and get out  I wondered what was it like before  World War 1.    So I started taking a look at that period to see how patriotic  the folks were.    The truth is,  they were not.    President Wilson was re-elected in 1916 based on a promise to keep us out of the war.     When the Germans sank   the British passenger ship,  the Lustania in 1915,  President Wilson was quoted as saying “America is to proud to fight”.      He asked Germany would you please stop sinking passenger ships and they said  “ok”.    By 1917 their subs were sinking anything that floats.     But the American people still did not want any part of a war.    We probably never would have got in the war  if it wasn’t for the British Intelligence Service breaking the German secret code.     They broke a wire  from Germany to Mexico that asked Mexico to declare war on the U.S.  in the event  that we got involved or declared war on them .    The deal was that Mexico was to team up with Japan and  keep us busy while Germany moped up Europe.    Germany told Mexico that they would help them get the States of Texas,  New Mexico,  and Arizona  in return for their help.    President Wilson started a nation wide campaign to get the folks to support going to war with Germany and releasing the wires with the info of what Germany was up to was a big part of the campaign.   After German subs sank seven of our cargo ships Congress declared war on 8 April 1917.    The U.S.  drafted over 4 million men and within months we were sending 10,000 men a day to Europe.    Armistice Day is still celebrated by Belgium, France,  Poland and in Canada it is called Remembrance Day.  

  The Eternal Flame on the Medal of Honor Memorial was lighted by the father of a vet killed in Iraq,  it was a sad moment.   The first name listed on the memorial is that of Frank Luke Jr.     He enlisted in September of 1917 at the age of 20.  After pilot training in Texas and California he was sent to France to fly the French made aircraft SPAD XIII.   The 27th AeroSquadron was tasked with shooting down German observation balloons.    They were armed and also protected by German aircraft.     Luke was the first ace of WWI.     He also holds a record that has never been broken.    In 17 days from September 12 to September 29 he shot down 14 German balloons and four enemy aircraft.    His plane was hit, he was wounded,  and he landed in a field near a village.    He was surrounded by  German soldiers but didn’t surrender.   He was observed running towards the soldiers and firing his colt 1911 until he was gunned down.   He was 21 years old.  For his heroism he was awarded the Medal of Honor.    Luke Air Force Base and Lukeville Arizona are named after him.  

  Though I am getting  more sentimental as I get older it is still a great feeling to see how proud all vets are of their service and of having been in the military.   It is great to see the Vietnam Vets finally getting the recognition that they missed at the end of that  peiord of our history.    Patriotism is alive and well in our great nation.

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