Seeking Alpha

Brad Kenagy

 
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  • Investment Grade Corporate Bond ETF Yields 4% [View article]
    Another Option I like as a treasury substitute is the iShares Aaa – A Rated Corporate Bond ETF (QLTA) which only owns the highest rated corporate bonds, and a 2% dividend yield.

    QLTA Correlation to SPY: -0.25
    LQD Correlation to SPY: -0.21
    Mar 12 11:04 AM | 1 Like Like |Link to Comment
  • 3 ETFs To Hedge Inflation [View article]
    First, you should do a little more research, ABCS is being closed by Guggenheim, link provided below:

    http://bit.ly/XjYH0Y

    To replace ABCS I would chose an ETF like:

    Market Vectors RVE Hard Assets Producers ETF (HAP) or
    SPDR S&P Global Natural Resources ETF (GNR)

    Now onto the rest of your article, I like your suggestions but what about the following ETFs to hedge inflation?


    Floating Rate Bonds:

    iShares Floating Rate Note ETF (FLOT)

    Short-Term TIPS:

    PIMCO 1-5 Year U.S. TIPS Index ETF (STPZ)
    iShares Barclays 0-5 Year TIPS Bond ETF (STIP)

    Agriculture Commodities:

    PowerShares DB Agriculture ETF (DBA)
    iPath DJ-UBS Agriculture Total Return Sub-Index ETN (JJA)
    Global X Fertilizers/Potash ETF (SOIL)
    Mar 11 04:37 PM | 1 Like Like |Link to Comment
  • March Madness Trading Challenge [View instapost]
    Alright everyone, bracket is posted link is above under the contest description, or here:

    http://bit.ly/WzmQ2S

    Since I didn't get the full 64 players [I got 44] So for the remaining 20 spots, I selected 20 stocks from the S&P 500 and ordered them 1-20, and put them in a spreadsheet and ran a random number generator to see where each would be in the bracket.

    GOOD LUCK EVERYONE!!!
    Mar 8 05:06 PM | 1 Like Like |Link to Comment
  • Now What? ETF Investors Can Chase Performance Or Exercise Discipline [View article]
    I have some other options that provide some good yield:

    -Market Vectors Preferred Securities ex Financials ETF (PFXF) Yields 5.34%

    -ALPS Sector Dividend Dogs ETF (SDOG) Yields 4.57%

    -SPDR Barclays Capital Short Term High Yield Bond ETF (SJNK) Yields 6.10%

    SJNK modified duration according to its website is 2.08 years, so duration risk is pretty minimal, while the yield is still good.

    http://bit.ly/Zj9TVZ
    Mar 7 02:50 PM | 1 Like Like |Link to Comment
  • March Madness Trading Challenge [View instapost]
    Yep got your pick down.
    Mar 4 06:18 PM | 1 Like Like |Link to Comment
  • Team Alpha Retirement Portfolio: Dividend Investing Vs. Annuity Purchasing [View article]
    One word Diversification!

    Correlations of each fund to the SPY:

    DTN: 96%
    DON: 92%
    DES: 89%
    KBWD: 71%
    PFXF: 57%
    SDIV: 88%

    http://bit.ly/x33dv2

    So if equities fall, the portfolio will be take a serious hit, because all the funds are highly correlated to the SPY.

    You have heard "Don't Put all your eggs in one basket", that doesn't just apply to individual stocks/etfs in a portfolio, it also applies to Asset class as well.
    Mar 3 03:03 PM | 1 Like Like |Link to Comment
  • The Monthly Dividend ETF Difference [View article]
    The dividend payment that is received already has expenses taken out . That is what happens for all ETFs.
    Feb 27 10:18 AM | 1 Like Like |Link to Comment
  • The Monthly Dividend ETF Difference [View article]
    Another one, is the WisdomTree Dividend ex-Financials ETF (DTN), same as DTD above but without Financials.
    Feb 26 02:15 PM | 1 Like Like |Link to Comment
  • Seeking Alpha Trading Survivor Contest [View instapost]
    reminder for everyone who is in the contest, your pick for march needs to be in before the open on Friday March 1st!!

    Also, if you are interested please join my NCAA March Madness inspired stock contest.

    http://seekingalpha.co...
    Feb 25 12:38 PM | 1 Like Like |Link to Comment
  • 5 Reasons The S&P 500 Could Fall 20% By The End Of 2013 [View article]
    Thank you for your comment. I would add to your point six North Korea as well, since they are planning more Nuke tests. Currently I believe that the number of bad things that could happen to the market outweighs the number of good things that could happen to the market.
    Feb 25 10:23 AM | 1 Like Like |Link to Comment
  • Liquidity Analysis Of Agricultural Chemical Companies [View article]
    I noticed that also, like POT min is.5 and the chart shows no reading less than 1.
    Feb 25 10:20 AM | 1 Like Like |Link to Comment
  • Liquidity Analysis Of Agricultural Chemical Companies [View article]
    What are your thoughts on the three Fertilizer MLPs?

    CVR Partners, LP (UAN)
    Terra Nitrogen Co. LP (TNH)
    Rentech Nitrogen Partners, L.P. (RNF)

    Disclosure: I am long RNF
    Feb 24 09:04 PM | 1 Like Like |Link to Comment
  • 5 Reasons The S&P 500 Could Fall 20% By The End Of 2013 [View article]
    Thank you for your comments. I agree US Treasuries and the dollar could be a hideout for investors during a serious pullback. But I believe that is dependent on if the political gridlock on one or more of the three political events causes one or more of the rating agencies to lower the US Credit rating further.

    Depending on your risk tolerance:

    iShares Barclays 20+ Year Treasury Bond ETF(TLT)
    Vanguard Extended Duration Treasury ETF (EDV)
    PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (ZROZ)

    Fitch and Moody's both still have the US at AAA but on negative watch. S&P is the only rating agency of the three to lower the US rating below AAA in 2011 when the debt ceiling debate was going on at that time.

    Funny how S&P downgraded US debt, and S&P is the only rating agency the government has sued in relation to rating on financial products from the great recession. So, S&P could further "stick it" to the US government by lowering the rating again. Fitch and Moody's could be "afraid" to cut US rating in fear of getting sued like S&P.
    Feb 24 03:12 PM | 1 Like Like |Link to Comment
  • 3 High-Yield Fertilizer MLPs For Income Investors [View article]
    Yep, got to think long-term and not worry about noise in the short term.
    Feb 22 01:37 PM | 1 Like Like |Link to Comment
  • 3 High-Yield Fertilizer MLPs For Income Investors [View article]
    I own shares of RNF @ $46/share and I have a DRIP on the stock, so a lower price means I get to buy more shares! I will possibly add to my position if RNF falls down to around $34.50 support level, and can hold that level. If it cant hold that level, the next level of support is around $30.
    Feb 22 01:17 PM | 1 Like Like |Link to Comment
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