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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: If you had 120,000 in the bank.


PM, phillip morris hit $89.60 today I would buy the F out of that, same with altria now at $35 the dividend is 5%!?!?

Awesome pullback on both in the last week






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Drew Orleans
LSU Fan
Member since Mar 2010
18379 posts

re: If you had 120,000 in the bank.


Is that low or high?





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jimbeam
USA Fan
University of LSU
Member since Oct 2011
26976 posts
 Online 

re: If you had 120,000 in the bank.


Wow. At 20 y/o I could only hope to be in that position at 25





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: If you had 120,000 in the bank.


lowest its been in a few months and lower than it was last summer


This post was edited on 6/6 at 9:31 am


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Drew Orleans
LSU Fan
Member since Mar 2010
18379 posts

re: If you had 120,000 in the bank.


Thanks man.





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BestBanker
New Orleans Saints Fan
stuck in a moment
Member since Nov 2011
2818 posts

re: If you had 120,000 in the bank.


quote:

Might be doing something like that with my father

Don't "might".




Do. Thank me soon/later.






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Drew Orleans
LSU Fan
Member since Mar 2010
18379 posts

re: If you had 120,000 in the bank.


Extremely busy guy so it's taking some time to figure out what we are going to do. Also, he wants me to move back to their current town but I'm not having it.





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BestBanker
New Orleans Saints Fan
stuck in a moment
Member since Nov 2011
2818 posts

re: If you had 120,000 in the bank.


Hear ya, but making money in the right places don't care how busy you or me are. Pay attention to your market, and don't move back if you don't want to. Totally agree with you there.





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Drew Orleans
LSU Fan
Member since Mar 2010
18379 posts

re: If you had 120,000 in the bank.


I meant my dad is.

He's an MD and already has several other places he is trying to manage. It's insane how much he works.






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BestBanker
New Orleans Saints Fan
stuck in a moment
Member since Nov 2011
2818 posts

re: If you had 120,000 in the bank.


Got it. Sorry I inferred to your business. seriously, find a mentor of your fathers caliber to learn from and/or partner with in the commercial property arena. And if medical is in the cards, I know a guy...hahaha. but I do. I'm into purchasing our second property as we speak and don't care for the residential side. Too many laws favoring tenants vs. owner. I wouldn't enter any stock markets unless it was stock only, not mfs. You already have market securities.

Eta: I would like to tell you what to do, like I did at your age, but i'd get too much grief here. It worked. And, your avi; is that the flyover during the Super Bowl parade? Always wanted to know?



This post was edited on 6/6 at 6:08 pm


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matthew25
Ole Miss Fan
Member since Jun 2012
3276 posts

re: If you had 120,000 in the bank.


Is it b/c of the cigarette tax that Russia just passed?





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Drew Orleans
LSU Fan
Member since Mar 2010
18379 posts

re: If you had 120,000 in the bank.


No, by all means I'd like to hear it.


Also, not sure when it was taken but it's the coolest job in the world.






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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

re: If you had 120,000 in the bank.


quote:

ThaBigFella



Anything wrong with doing half altria and half pm? Is that too cigarette heavy? I ask because I only have 8k to invest so it wouldn't be like I had a billion dollars in just one or two companies.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: If you had 120,000 in the bank.


I have tons of altria from the mid 1990s, havent really bought any with new money since 2008/9 when the dividend was over 8%+, the thing with altria is there's basically no growth. The US market is declining in the number of smokers but the company still makes alot of money bc they just up the prices. PM is where all the growth is, altria spun off PM bc it got sick of dealing with the US and lawsuits and regulations. PM is Altria but in every country not named the US.In the old days it used to yield 7-9% in dividends now its like 5% bc all the yield seekers bought it up in the last 2 years.

Personally the dividend difference today is 1% id go with PM bc the growth will be there, I have tons of each. The only thing MO has in its future to drive any type of growth would be legal marijuana, otherwise its just a cash cow and the 5% yield is awesome. but 3.75% yield with superb growth is what PM faces, the headwinds PM faces aren't from a growth problem its from the US dollar magically strengthening this year so it caused earnings to drop 8 cents causing a miss, they actually beat earnings by 1 penny. Let me put it this way, Altria sells marlboro,skoal,copenhagen to 325M americans, PM sells marlboro and those products to the rest of the world like 6B billion people.....which company do you wanna own?

Trust me with the amount of money we're printing this US dollar will fall to oblivion at some point, when? Who knows we keep miraculously propping it up via the fed, but they can't do it forever and when they let go, companies like PM that deal with every currency not named the US dollar will flourish, in the short term collect more shares with the high dividend and wait. The world population is growing by the day, more and more people smoke in emerging nations and PM is basically a monopoly with the biggest and best brands(7 of the top 15)

Each person has their own risk tolerance for me i like the addictive nature and Ive been an owner for nearly 20 years so im comfortable being 70%+ of my portfolio in the 2. I know how dependent governments are on the tobacco taxes generated so I dont fear any black swan event. The poorest people on earth can afford it and so can the richest people. It's a product that doesn't slow down consumption in a recession like say housing.



This post was edited on 6/6 at 11:22 pm


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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

re: If you had 120,000 in the bank.





As far as buying? Should I save up say 5k and dump it in each time? Or smaller monthly? I think commission trades would eat a big chunk. Right now I'm with vanguard and get 25 trades at $7. I'm not sure the regular rate.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: If you had 120,000 in the bank.


I never really buy new shares myself unless its over $10k bc i have so many new shares coming via DRIPs I don't really dedicate tons of new money except when I see certain prices i like, such as today below $90 hadn't seen that in months so i bought a ton.

Anyways anything over $1000 as purchase is fine with $7 trades as long as divdends are reinvested free. Put it this way every $1000 is 11 shares thats boosting your annual income by $37/year and growing not too shabby when you compound it over time






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jmtigers
Southern Miss Fan
1826.71 miles from USC
Member since Sep 2003
3570 posts

re: If you had 120,000 in the bank.


Personally i'm going to stick to indexing in tax advantaged accounts, but these threads this week have opened my eyes a bit and forced me into some reading I would of otherwise not done.





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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
5877 posts

re: If you had 120,000 in the bank.


Leverage





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jimbeam
USA Fan
University of LSU
Member since Oct 2011
26976 posts
 Online 

re: If you had 120,000 in the bank.


Spot on with my ideas





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matthew25
Ole Miss Fan
Member since Jun 2012
3276 posts

re: If you had 120,000 in the bank.


What sort of accounts are you referring to?





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