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Thursday, June 14, 2007

Banker Steals from Rich, Gives to Poor, Goes to Jail

A banker at the German bank Sparkasse Tauberfranken bank, took money from his wealthy client accounts and transferred the funds to those he thought were needy, was caught and sentenced to jail.

3 comments:

  1. re: your wonderful list of monthly income producing stocks

    http://financial.seekingalpha.com
    /article/28815

    I'm anxious to put together a list that is global in representation which covers reits, income trusts, preferreds, and bonds/debt. CEFs and stocks are wanted, not oef's.

    Your list is a great start. If I may inlist your services further....is there a resource that you would suggest that I start examining to meet this need? My goal is start with a large universe and then rank. Relative strength (alpha) is what I will do, and another individual will apply qualitative judgment. thanks!

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  2. This would be a major project. Just coming up with the list of monthly dividend payers and updating and checking the yields is a several week process.

    On my next update, I may post the list as a spreadsheet so that anyone can take the data and change or add to it the way that they want.

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  3. An income strategy is new to me. As a reality test may I suggest a concept and if you feel inclined please free to critique. My thought is to apply relative strength ranking to income stocks just as I do (fairly successfully) to etfs and some stock groups. Hopefully, the income tickers with the best momentum will continue to appreciate and I will be rotating out if price decline is too great. Perhaps I will use two groups: one with moderate yield and one with higher yield. This will be done in a self directed ira. The older I get the more I think that I need income to reduce volatility of the total account. Thanks and looking forward to a possible spreadsheet.

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