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Akaralph

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  • Protected Principal Retirement Strategy: Quarter 1 Portfolio Performance [View article]
    Scooter

    Two of my previous articles highlight some of my ideas. Thinking seriously about MIN, JGG, BKT, PSSAX, GRZZX and ETJ.
    Apr 15 08:04 AM | 1 Like Like |Link to Comment
  • PIMCO Global StocksPLUS & Income Fund PGP: A High Yield Dividend Option, Is It Sustainable? [View article]
    PGP is selling at a 52.5% premium to NAV.

    Buying PGP is the same as paying $1.52 for a quart of milk worth $1.00

    Makes zero sense.
    Apr 14 10:07 AM | 0 Likes Like |Link to Comment
  • Protected Principal Retirement Strategy: A Bear Market Alternative, And One For Good Measure [View article]
    Thanks, I sure hope so.
    Apr 13 11:17 AM | 0 Likes Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    http://bit.ly/12t7D5P

    See paragraph 5.
    Apr 6 04:56 PM | 1 Like Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    Think that I led you the wrong way. What I am saying is that is a CEF charges let's say a fee of 4% and the distribution yield is 11%, then in effect you are only receiving a net of 7%.
    Apr 6 03:35 PM | 1 Like Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    Thanks. CEFs are like mutual funds in that the fees are similar to loads and 12b-1 fees. As far as I can find anywhere they come out of one's holdings.

    Corporations are an entirely different animal.

    I have been investing in CEFs for many years and have yet to find anything to the contrary.

    I have watched OXLC for about a year now so thanks for your efforts.
    Apr 6 12:48 PM | 1 Like Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    Steven - the link that you have provided no longer works. I will look further.

    It is normal for a CEF to state that expenses are paid for by the fund. Usually comes from monies invested by shareholders I believe.

    You say "Shareholders receive distributions without deductions for expenses or anything else for that matter." I would like to see where this statement is a part of their semi-annual report.

    Thanks for the effort.
    Apr 6 09:25 AM | 0 Likes Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    I went to OXLC's website and reviewed all of their financial information. No where does it allude to what you are saying. I will be more than pleased to apologize if you can provide documentation that the 13.9% yield is after fees are deducted.
    Apr 5 07:43 PM | 0 Likes Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    Agree, would stay clear of this one. VTA is also a floating rate CEF, lower yield but better quality IMO.
    Apr 5 04:51 PM | 0 Likes Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    It is paying a distribution yield of 13.91 percent. The total fees are 6.15 percent. 13.91 - 6.15 = 7.76 (more or less).
    Apr 5 04:12 PM | 0 Likes Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    As long as one looks at OXLC realistically - you are actually getting 7.76 percent yield not 13.91 percent.
    Apr 5 04:00 PM | 0 Likes Like |Link to Comment
  • 10% Return In Q1 For 'Savvy Senior' IRA - Now What Do We Do? [View article]
    Steven -

    OXLC's fees etc. currently total 6.15 percent. Isn't that just a bit (hugely) high?
    Apr 5 03:03 PM | 0 Likes Like |Link to Comment
  • PennantPark Investment - An Irrational Reach For Yield [View article]
    If you are investing in, or holding BDCs, I suggest paying attention to what Factoids has to say.

    He has forgotten more about BDCs than most folks know.
    Apr 4 11:59 AM | 3 Likes Like |Link to Comment
  • Protected Principal Retirement Strategy: Nothing 'Royal' About Finite Life U.S. Trusts [View article]
    Don't forget that UBTI only is a factor if the TOTAL amount in any one account exceeds $1000.
    Apr 2 10:28 AM | 1 Like Like |Link to Comment
  • Did The SandRidge Activist Investors Make A Big Mistake And Overvalue The Company? [View article]
    SD did not sell the PER assets however.
    Mar 28 09:08 AM | 3 Likes Like |Link to Comment
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