Grammy Awards
Hillary Wins Grammy:
http://www.grammy.com/awards/search/index.aspx
What are the odds? Bill has won too!
I love it when the members of the Beastie Boys take the time to discuss Tibet. I would rather have my anus hair waxed than listen to that shit.
Hollywood sucking the big fat cock...
Today's rant is about Hollywood sucking the big fat cock of any actor/actress purely based on political views. I realize the entertainment world is left leaning, that's fine, but why do they make a complete mockery of their own stupid world. Examples:
Last year's Oscars. Let's see... Sean Penn as Best Actor. Didn't he go to Iraq to protest the war? Tim Robbins... a well known opponent of the right. Michael Moore... I actually really liked Bowling for Columbine, but you get the idea. Gee, Fahrenheit 9/11 wins at Cannes! What are the odds? Anybody want to make an Oscar bet?
Ellen Degeneres? Unfunny, hack. Wait, she's a lesbian! Emmy award for best talk show host.
Hilary Clinton? Let's give her a fuckin' Grammy award for reading her book, It Takes a Village.
Get Rich Slow Scheme
Danny Miles is a huge fan of my get rich slowly schemes. Here is the latest one that I thought up yesterday. I may get an honourary CFA for some of my work.
The basis of this one is that there are two things being exploited. First, the difference between the income tax rate and the dividend tax rate. Any interest on money used to invest is written off your taxes (It's a write off, Jerry!) at your income tax rate. This is double the rate you pay on dividends. Second, money can be borrowed at a rate lower than the yield on some stocks, Altria (Philip Morris) and SBC being prime examples. Basically, you are borrowing money to buy a high yielding stock. The money gained from the dividends after taxes is used to pay down the balance. It is not the classical practice of buying on margin because it doesn't matter what happens to the price of the underlying stock. All that matters in the dividends.
Some assumptions:
1) The interest rate remains the same. I get offers daily from PC FInancial for 4.97% for life on my credit card. These offers are not jokes and work quite well. You could also use a home quity loan at prime (3.5ish %)
2) The dividend does not go down. Companies will do anything not to cut their dividend. Philip Morris has raised their dividend a staggering 9% per year over the last five years. Their stock is up 4000% over the last 30 years, excluding huge dividends. This company is a cash machine. All that matters is that the dividend does not go down. Increasing dividends accelerate the paying off of the loan.
Investing
I believe big tobacco will be even bigger in 25 years. First, taxation on cigarettes is a cash cow to American states. They cannot afford to lose this source of revenue. Second, Philip Morris's growth is coming from the international market. The richer China gets, the richer Philip Morris will become. I could definitely see spreading the risk to other companies such as SBC.
50 Best Places for Minorities to Work
This week's Fortune has the 50 Best Companies for Minorities to Work For. Does this mean that these are the 50 worst companies for white people to work for? Or, at the very least, the 50 worst companies for white people to attempt to get hired?
