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-- December of 1999.
Let me remind you.
Hoarding canned food and water bottles preparing for the 21 century meltdown -- -- sure -- began on the clock -- at midnight watching K my Nextel says the fiscal cliff.
Is simply Y two -- fear all over again which amounted to nothing has article joining me now Chris -- -- is global financial private capital chief investment officer.
Okay we have other people talk about it as similar to Y two K as in chicken little the sky's falling -- nothing really happened.
But why do you feel.
That it isn't something to worry about right.
Now from an investor standpoint.
From an investor's standpoint first is I think the deal was probably already settled and -- settled a while back there in the end -- Doing that -- soundbites from Bain Aaron the president and everyone has negotiated note that you know that's part of the back and forth that goes on.
But from an investor point of view I think you'll find the tax rates don't go.
Crazy like everyone thinks the dividend tax for example.
Probably fifteen to 20% may be out on the affordable care tax -- -- and another three and a half percent so you'll have 23 and a half percent.
And indeed all these captains of industries who have had a hundred special dividends what happens when -- term look around and say well you know -- really wasn't such a big thing.
Plus the fact that from an investor point of view that it what are they gonna do they gonna go away from dividends and not own anything that -- interest -- the especially whatever in some cases even.
With a potentially higher tax rate.
You're still getting more than one and one point 6% or one point 7% depending on the day of the ten -- it exactly.
But not with -- comparison but comparisons in history look how many times in history.
We've had higher dividend tax is okay here's your prediction that the rate will hit around 20% higher taxes of course for higher tax brackets.
Could go as high as 36.
Freed up 39% depending but that said.
What 200 companies roughly are are accelerating their dividends keep quiet that way or what has changed about your investment strategy been around enough to know that you have to sometimes -- group.
Every play has to be done on the basis of what the company is doing.
And not any special dividends are accelerated dividends they're doing so it makes sense to you for an investment next year.
Then it makes sense to own if it doesn't then you're gonna be down by the amount of the dividend.
What you're doing right now what's your favorite sector at the moment.
I think the favorite sector is right now utilities this is something that's absolutely can crush -- points just said I guess that's it.
People people are are so afraid they're all off -- 15%.
And there -- most of them are regulated industry so if you're looking at on hand or two accord next year or bad boy -- on.
You know you're looking at companies that are going to be able to provide for particularly for seniors and savers -- -- -- individual names are just there.
The tea I think you -- by the ETF -- by both.
I think the individual names we'll give you a little bit higher yield.
And I think more potential future stick around a.
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