Comments on: My One New Year’s Resolution For 2008 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/ A Vancouverite's journey to financial freedom. Fri, 05 Sep 2008 21:34:15 +0000 http://wordpress.org/?v=2.1.2 By: mg http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-794 mg Tue, 08 Jan 2008 13:18:05 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-794 Good luck with your goal FJ. I'm sure you will be able to achieve it. Good luck with your goal FJ. I’m sure you will be able to achieve it.

]]> By: MillionDollarJourney http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-795 MillionDollarJourney Tue, 08 Jan 2008 13:24:57 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-795 Thanks for the mention FJ! Thanks for the mention FJ!

]]> By: mg http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-797 mg Tue, 08 Jan 2008 17:41:35 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-797 FJ, I know you picked up some IGM and BNS, but I'm curious if you bought any BAC. What are your thoughts re: BAC's dividend safety? FJ, I know you picked up some IGM and BNS, but I’m curious if you bought any BAC.

What are your thoughts re: BAC’s dividend safety?

]]> By: Financial Jungle Guy http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-798 Financial Jungle Guy Tue, 08 Jan 2008 18:31:55 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-798 Yeah... I have a large holding in BAC. Busted! I believe BAC is solvant enough to maintain their dividends. Looking at revenues, BAC is about 2/3rd the size of Citigroup, but BAC has $35 billion in the bank while Citi only has $38 billion. Not only that, Citi cheated. Citi absorbed $177.8 billion from financing during the first 3 quarters of 2007, while BAC only needed $71 billion. Warren Buffett recently loaded more BAC to his existing holding. WB does his homework, and he shows you his answers during the exam. Edit: When I have the time, I'll confirm BAC's Tier I capital ratio. I recall BAC's ratio being healthy. Yeah… I have a large holding in BAC. Busted!

I believe BAC is solvant enough to maintain their dividends. Looking at revenues, BAC is about 2/3rd the size of Citigroup, but BAC has $35 billion in the bank while Citi only has $38 billion.

Not only that, Citi cheated. Citi absorbed $177.8 billion from financing during the first 3 quarters of 2007, while BAC only needed $71 billion.

Warren Buffett recently loaded more BAC to his existing holding. WB does his homework, and he shows you his answers during the exam.

Edit: When I have the time, I’ll confirm BAC’s Tier I capital ratio. I recall BAC’s ratio being healthy.

]]> By: mg http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-799 mg Tue, 08 Jan 2008 18:54:59 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-799 If you posted about why you don't believe BAC will cut their dividend, I would be your most 'loyal reader'... :) If you posted about why you don’t believe BAC will cut their dividend, I would be your most ‘loyal reader’… :)

]]> By: Financial Jungle Guy http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-800 Financial Jungle Guy Tue, 08 Jan 2008 19:31:28 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-800 How about another topic? :D The thing is, no matter how much I research or write, the possibility of BAC hiding their subprime exposure still exists. If all the facts are not out in the open, nobody can guarantee that BAC will maintain their dividends. Risks exist, but take some risks. :) BAC is just as likely to maintain their streak of dividend increases in every August. Warren Buffett's other bank, US Bancorp, just raised their dividend last quarter. David Driscoll of Toron said that there's one banking crisis in just about every decade. There's nothing extraordinary about the current credit crunch debacle. BAC will come out of this alive and well. How about another topic? :D

The thing is, no matter how much I research or write, the possibility of BAC hiding their subprime exposure still exists. If all the facts are not out in the open, nobody can guarantee that BAC will maintain their dividends.

Risks exist, but take some risks. :) BAC is just as likely to maintain their streak of dividend increases in every August. Warren Buffett’s other bank, US Bancorp, just raised their dividend last quarter.

David Driscoll of Toron said that there’s one banking crisis in just about every decade. There’s nothing extraordinary about the current credit crunch debacle. BAC will come out of this alive and well.

]]> By: mg http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-801 mg Tue, 08 Jan 2008 20:50:24 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-801 Well said. I agree with you. I guess I can't expect you to be a superhuman stock analyst... Well said. I agree with you. I guess I can’t expect you to be a superhuman stock analyst…

]]> By: Dividends4Life http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-803 Dividends4Life Wed, 09 Jan 2008 03:16:44 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-803 Great goals! I too believe in BAC it is one of my largest holdings. Best Wishes, D4L Great goals! I too believe in BAC it is one of my largest holdings.

Best Wishes,
D4L

]]> By: Keep the Status Quo for 2008 « Legal Andrew http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-804 Keep the Status Quo for 2008 « Legal Andrew Wed, 09 Jan 2008 04:28:02 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-804 [...] Increase dividend investments [...] […] Increase dividend investments […]

]]> By: FourPillars http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-805 FourPillars Wed, 09 Jan 2008 05:22:38 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-805 <i>This means we must adhere to the following rules:</i> don't have kids.... :) I like your brown bag approach - baby steps. Mike This means we must adhere to the following rules:

don’t have kids…. :)

I like your brown bag approach - baby steps.

Mike

]]> By: Middle Class Millionaire http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-807 Middle Class Millionaire Thu, 10 Jan 2008 00:18:13 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-807 Hey FJ, A very ambitious goal $3600 additionally annual dividend income even with a 10% dividend increase would be about $50,000 in new money. Good luck I’ll be checking back for updates. Cheers, MCM http://middleclassmillionaire.blogspot.com/ Hey FJ,

A very ambitious goal $3600 additionally annual dividend income even with a 10% dividend increase would be about $50,000 in new money. Good luck I’ll be checking back for updates.

Cheers,
MCM
http://middleclassmillionaire.blogspot.com/

]]> By: My One New Year’s Resolution For 2008 | Financial Solution News http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-829 My One New Year’s Resolution For 2008 | Financial Solution News Wed, 16 Jan 2008 13:21:12 +0000 http://financialjungle.com/2008/01/08/dividends/my-one-new-years-resolution-for-2008/#comment-829 [...] post by Financial Jungle Guy Related Posts: Dividend Increase: Devoted Friend In A Stormy [...] […] post by Financial Jungle Guy Related Posts: Dividend Increase: Devoted Friend In A Stormy […]

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