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Bob Wells  

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  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    StockMike

    From what I understand there are tax implications when you exceed $1500 in UBTI in a non-taxable account.

    Hope others with more experience will chime in.

    Bob
    May 7, 2014. 08:35 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Bob...

    It is a challenge particularly for those building distribution phase portfolios from the ground up over the past few years.

    Bob
    May 7, 2014. 08:27 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Thanks Joni...

    I look forward to your further thoughts on the subject.

    Bob
    May 7, 2014. 08:23 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    smurf....

    It be young again! HA! Consider it early preparation for RMD.

    Bob
    May 7, 2014. 08:21 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Dave

    Great to hear from you with your spin on "low conviction" positions. Sound advice.

    I always learn so much by opening up my thought process and letting folks inside. Particularly when they play nice and clean up after there selves.

    Take care
    Bob
    May 7, 2014. 08:17 PM | 2 Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Mike

    After the strong recomendation from BoomBoom, You and Faye, I'm thinking
    menage de trois instead of mini-ETF. HA!

    Bob
    May 7, 2014. 04:19 PM | 3 Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    bfried

    Thanks for the kind words. I put PPL on the list only because of its "frozen angel" status and low dividend growth. It's credit is BBB equal to investment grade.

    I'm far more likely to trim than sell.

    Take care
    Bob
    May 7, 2014. 01:38 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Craig...

    Thanks for the additional information. I try to follow your advice regarding weight of any metric.

    Bob
    May 7, 2014. 01:19 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    BoomBoom...

    I thought the same thing. Fastgraphs however shows reductions of -19% and -13% in 2008 for BMO and BNS. Love to hear directly from someone that owned them in 2008.
    May 7, 2014. 01:14 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Craig...

    Some great suggestions. The comments from this article have real helped fashion my thinking moving forward. I ready now to consider MSFT as a high conviction position and add slowly to my position on pullbacks. The tight sell/stop might also help build confidence.

    Take care and thanks
    Bob
    May 7, 2014. 01:05 PM | 2 Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    eppf

    DD could make a solid choice. Under my yield requirement unfortunately.

    Bob
    May 7, 2014. 12:53 PM | 2 Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    BoomBoom

    Thanks for chiming in...Just checked 3 year DGR on each. Very revealing. Which do you favor and why? I need to study these more before make final changes.

    Take care and again thanks
    Bob
    May 7, 2014. 11:59 AM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Bill

    Sounds like a solid approach. Nice to hear about a positive O meeting.

    Thanks
    Bob
    May 7, 2014. 11:23 AM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    PTI

    Thanks for stopping by. I really enjoyed your latest. I'm honored to be considered one of your teachers. Great comment section.

    Right now I leaning to do just what you suggest with BBEP and VNR. Hold and trim when a need cash and enjoy the monthly dividends until I do.

    Take care
    Bob
    May 7, 2014. 10:40 AM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Same problem emac

    I have full 2% positions in all of my high convention positions that are fair or better valued and yielding 4 or more percent.

    Bob
    May 7, 2014. 10:13 AM | 1 Like Like |Link to Comment
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