Comments on: Philip Morris International: Developing Smokers

By: kevin duffey

kevin duffey — Fri, 13 Jun 2008 15:28:29 +0000

Many of my holdings are within a Roth IRA. I like not having to pay capital gains taxes!

Over time, my roth should begin to be more sizable than my regular brokerage account as i lean more towards tax-sheltered and continue to contribute to the roth.

By: torbjorn rive

torbjorn rive — Thu, 12 Jun 2008 22:22:27 +0000

Hey,

I can quite predict your answer, but what are your thoughts on holding large dividend giving stock in tax sheltered accounts? I have several portfolios and my newest is a dividend only RSP (a Canadian term) in which I hold big stock like bank ETFs, GE, and soon PM, for at least 30 years.

Some say that it’s not that good because you have no choice but to reinvest those dividends (as you can’t take just bits out of an RSP, you have to tax it all out or nothing)…but I think it’s great! The more money you can’t touch and need to reinvest, the better – at least at our age.

Good site, looking forward to seeing more from you.
Torbjorn

By: Market Continues To Trade Sideways, Dividends Looking Nice

Market Continues To Trade Sideways, Dividends Looking Nice — Mon, 02 Jun 2008 20:42:30 +0000

[...] Why I Like Philip Morris (PM) [...]

By: Why I Just Sold My Wells Fargo Position

Why I Just Sold My Wells Fargo Position — Thu, 15 May 2008 14:55:15 +0000

[...] One position I am definitely adding to is Philip Morris International (PM). Talk about a company that is easy to understand. They sell cigarettes, and they do it very well. Check out my previous post on why I like PM so much. [...]

By: kevin duffey

kevin duffey — Wed, 14 May 2008 19:43:02 +0000

Sure, the dollar may stablize or even gain w/ a democrat in the office. When i say i’m bearish long term, i mean long term. Our government and Fed have made it clear that a strong currency is not the priority whether Democrats or Republicans are in control.

By: dude

dude — Wed, 14 May 2008 19:28:55 +0000

“I’m very bearish on the long term view of the U.S. dollar. A weak dollar helps the company. Even with a near term bounce in the dollar, the long term outlook is bleak.”

That is a very foolish opinion. Ther dollar is rebounding and when the Dems take office it goes way up. I don’t think a stronger dollar hurts PM that much as evidenced by its increase the last couple months as the dollar has gained.
BAD ADVICE. It is a good thing you don’t trade FOREX!

By: kevin duffey

kevin duffey — Wed, 14 May 2008 15:45:14 +0000

You are 1 for 2. I won’t give it away yet. Let’s see if someone else can figure it out.

25% is a good chunk. I’d maybe hold out unless a buying opportunity presents itself.

By: Chris

Chris — Wed, 14 May 2008 15:33:36 +0000

I love this company, depsite what they sell. I want to add to my position but I already have 25% of my total portfolio in it and am worried it would be foolish to do more. But i will keep reinvesting those dividends for the compounding interest.

are you other 2 favorites VE and CHK…what is my prize???