my bullish cap app positions and my income portfolio generate no
interest.
I hope that's not true, especially for your income portfolio <g>. I
have a couple of questions, actually:
I know that you like SLB, I bought some a while ago and although I
think that when oil turns up, SLB should be higher, because they
should have more business, and they will have more pricing power.
However, I honestly don't have a good idea as to the oil price
point at which SLB goes from "solid co in a tough environment" to
"licensed to print money." Any idea of when to sell SLB either in
terms of oil or share price?
Also, a friend and myself were wondering how the savings rate is
calculated. I went to the commerce dept's website and found a
definition like, "income minus expenses," but that isn't
very helpful. What we are wondering is, whether 401K's, IRAs, etc,
are considered "savings" by the above definition, since some of
these are tax-deferred. As an example, would the person below
have a "savings rate" of 20%?
100K after-tax income-can't remember if taxes should be accounted for
80K mortgage, car, nanny, etc, payments
10K 401K contribution
8K brokerage account
2K IRA contribution
Thanks
Zach |
