Ripple (XRPUSD)

[GreedyAgorist]

I try to be honest about my investments, if for no other reason than I need an honest accounting to myself of how well my strategies are working. (Hybrid option/dividend capture system for blue chip stocks, for instance.)

The folks who really screwed me this year was the precious minerals mutual fund that paid out a bunch of Ordinary Dividends (ordinary, mind you, not even qualified for the lower tax rate) at the end of the year and yet I am none the richer for it. And I had to pay over a thousand in taxes for the privilege of watching the value go down, all while gold and other precious resources touch all time highs, which kind of adds insult to injury. This was a classic dollar cost average play, where I was willing to wait through entire commodity cycles for gains, but it has just proved that investing in mutual funds is one of the stupidest ways to invest.

And if they are going to keep paying ordinary dividends, all the more reason to dump them, as even if I had booked my Cred bankruptcy loses already, I think those dividends would not count toward the carry loss forward that I will be carrying forward for years to come (or until XRP hits 12 bucks, baby!) Go.... XRP!