Joel Gaines Show 7-11-10: Play Now | Play in Popup | Download

· Cold War spy business between Russia and the US seems to be alive and well

· CBO Says Kerry-Lieberman is Multi-Billion Dollar National Energy Tax

· During a slow economy the White House is pushing something they call Recovery Summer

· After a challenge to a previous ruling Federal Judges have overturned the Obama moratorium on offshore drilling

· There is news about the Defense of Marriage Act that I would like to get to

· Is President Obama more similar to Lyndon Johnson than to Franklin Roosevelt?

 

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 Pre-Show 4-18-2010 [34:12m]: Play Now | Play in Popup | Download

• 3 ways to appeal Obamacare.
• The Obama tax increases?
• The National Day of Prayer ruled unconstitutional.
• Supreme court change.

Also, be sure to click the video and watch the pre-show if you’re interested in our podcast setup. This will help you if you’d like to have a podcast of your own.

 

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• AARP are they getting the facts for their members or are they hiding the facts from their members?
• Guest: Dr. Larry Schweikart on “A Patriots History of the United States” and his new documentary “Rockin the Wall.”
• President Obama’s Jihad on Jihad.
• Taxes: How what percentage of Americans pay income taxes?
  

By Steve Selengut

http://www.sancoservices.com/

http://www.kiawahgolfinvestmentseminars.com

Professional Investment Management from 1979
Author of: “The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read”, and “A Millionaire’s Secret Investment Strategy”

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Every fall, especially in opportunity rich markets like this, I encourage investors to think about some year-end strategies that make the final calendar quarter a special time in all markets. Several forces are at work, all of which have links to conventional Wall Street wisdom; none of which promote good long-term investment decision-making.

This year, we have the added excitement of anticipating a new, perhaps economically too liberal, administration taking over with an already implanted, and demonstatably inept, congress. The markets are in a truly unprecedented state of “uncertainty overload”. What’s an investor to do— or not to do?

Typically, the November syndrome has features that impact in both directions. It causes weak prices to fall even further and strong prices to climb higher. This year, the strong category requires a microscope for candidate viewing, while the weak seem to have inherited the listings. Money Market funds and Treasury securities are the low yielding, lower-risk, depositories of choice.

At the individual investor level, the mad dash to lose money on equity securities has begun. The idea that this is somehow a good thing is an anomaly created by a counter productive tax code and an industry that has a vested interest in perpetuating the absurdities it (the IRC) creates.

Assuming that we are dealing with investment grade securities, lower prices should most logically be seen as an opportunity to add to positions cheaply— not as an opportunity to reduce one’s tax liability on investment earnings. There is, and never will be, a good loss or a bad —.

Naturally, both you and your CPA feel better with lower tax bills, but why sell a perfectly good security at a loss to produce pennies on the dollar in tax relief? Speculations, sure, valueless securities, why not? But when nearly all IGVSI stocks are at their lowest levels in decades, selling for losses should be the last thing on your mind.

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