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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (5454)	8/16/2010 8:52:54 PM
From: Steve Felix	4 Recommendations Read Replies (1) \| Respond to of 34328

OT - My daughters and son-in-law are looking to buy a house together. Two floors with a kitchen and bath on each 1400 sq. ft. floor. With my son-in-law in the Navy and only around on weekends, planning on all living upstairs, and to rent out the bottom half. Went for pre-approval of $250k today. Mostly from having them on my credit card ( I thought this was supposed to stop? ) FICO scores of 806 and 808. The mortgage person went through the married daughter and her husbands finances first, informing them they could do it on their own. After going over my younger daughters checking account, CDs, and money market account, she asked if they all had recently inherited some money. My oldest piped in that no, there was no inheritance, just a dad that pounded on them to save and be a lender, not a borrower. The woman replied that they were lucky to have me, since very few their age were in position to take advantage of both mortgage rates and the real estate market being down. Afraid the swelling in my head hasn't gone down yet. :)

To: chowder who wrote (5454)	8/18/2010 9:22:13 PM
From: JimisJim	Read Replies (2) \| Respond to of 34328

Re: EEQ... am quite negative on all things Enbridge -- they have a few related stocks that are pure equities and then various MLPs, etc., but their core biz is pipelines... the longest (and one of the oldest) in North Am. Now, everyone here and elsewhere may recall that I had very little good to say about BP well before the GoM disaster (and I've worked in oilpatch so many years that I've had BP as a client for three different companies). The thing is, BP always had a reputation for cutting corners on maintenance, safety, etc. Enbridge has a similar history. And in fact, one of their arms just had a rather large spill into the Kalamazoo River that empties into Lake Mich. I would caution people that Enbridge is a major disaster waiting to happen, IMO. Just like BP, many of the Enbridge are stellar from an investor's viewpoint, but sooner or later, their seeming aversion to required maintenance and safety issues will bite shareholders hard. And on a personal level, I lived in Kalamazoo for much of the 1970s and am sick at what Enbridge did there -- entirely preventable, but like BP, was simply trying to save a few bucks out of (IMO) pure greed. I'm just saying... It's your money, but if you care about where it's invested and what the folks are doing (or more importantly, what they should be doing, but apparently aren't) with your money, you might want to think twice or thrice about adding any Enbridge to your holdings. /rant Jim