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| | | I Like Kandi
Do you ever find yourself following a stock for a while, entranced by its potential or story, but still remain paralyzed, not knowing what to do? It happens to all of us. After all, there is a fine line between prudence and caution.
If the stock drops, you breathe a sigh of relief because you didn't buy it, silently and metaphorically patting yourself on the back for your prudence. If it rises, you kick yourself for your caution and might even start to chase it or take it off your radar screen altogether.
Even professionals go through these issues much like writers work through writer's block or baseball players play through a hitting slump. Sometimes one is overly cautious due to certain characteristics of a given stock. But then after pondering the potential a bit longer, one elects to move forward.
This exact situation happened to me with a company called Kandi Technologies, Corp. (NASDAQ: KNDI -$4.18). KNDI is not a stock I ever imagined myself recommending in these pages. I tend to shy away from China-based companies since they are out of favor. Moreover, while I am a fan of renewable energy technologies and companies, certain segments are not particularly appealing.
To read more click here >> or visit http://www.pennystockjunction.com
Park Your Money Here
When investors hear or read the words "penny stocks," it is rare that the term "dividend yield" is part of the conversation. Still, there are some out there that pay investors pretty good yields. Given the current volatility in the market and the confluence of two important events, we believe that the time is right to start buying these overlooked gems.
The first event revolves around the tax on dividends. Early this year there was great concern regarding the huge expected increase in taxes on dividends, slated to occur beginning in 2013.
In fact until last week, the conventional wisdom was that unless Congress took action, the top tax rate for the highest earners on most dividends would jump from the current 15% to a whopping 43.4% next year. That rate combines the maximum income-tax rate of 39.6% - since dividends will once again be taxed as regular income - plus a 3.8% tax on investment income as part of the health-care overhaul passed in 2009.
Ridiculous, right?
Since anything related to taxes is automatically a political issue, recent news bodes well for these payout-paying prospects. A number of Senate democrats are breaking ranks with President Obama and have put forth a plan that raises dividend taxes to 20%.
To read more click here >> or visit http://www.pennystockjunction.com
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