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Doug Carey, CFA

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  • 4 Safe Fixed-Income Funds for Retirees in 2011 [View article]
    PFN fell 80% in 2009 from its peak in 2007. Yet your article title has the word "safe" in it. You might want to rethink that.
    Feb 16 12:32 PM | 7 Likes Like |Link to Comment
  • Annaly: Easiest Way to Make a 14.5% Return [View article]
    You beat me to it. This is a great example of wealth transfer from common citizens to the banks. You have the dual theft of low rates held down by the Fed, which REITs borrow at, and the federal gurantee on the bonds they buy. The low rates rob savers and give to the banks. The federal guarantee has already robbed taxpayers of their money.

    That being said, this is an interesting play on betting that the Fed will not raise rates above 0.5% any time soon. I certainly believe that is the case. Bernanke will not raise rates until inflation is wildly out of control.
    Feb 11 11:51 AM | 9 Likes Like |Link to Comment
  • Chevron Has It All: Dividend Yield, Growth, Safety and a Low Valuation [View article]
    Chevron has been a part of my core portfolio as well as my clients' for the past year. This article makes me feel even better about this holding. Thanks Chuck for the research.
    Feb 10 04:04 PM | 5 Likes Like |Link to Comment
  • Savings Strategies: Everybody's Got One [View article]
    Savers are being robbed by the Fed and that money is being given to the banks. Anybody that doesn't understand that simply doesn't understand how the Fed operates.
    Feb 10 04:01 PM | 2 Likes Like |Link to Comment
  • Jim Cramer Wrong on Gold, Again [View article]
    Nobody should ever listen to Cramer nor write about him. He is the American Idol of the investment world.
    Feb 8 11:08 AM | 3 Likes Like |Link to Comment
  • Fed Holdings of U.S. Treasuries Surpass China's [View article]
    There is no conservation of money when it can be printed and it's backed by nothing. That's the problem. And yes, you do have the flow of money correct. The Fed prints money, buys treasury bonds, then gives the interest to the Treasury. There is no free lunch though. The citizens of the U.S. lose purchasing power due to higher inflation. It's a stealth tax basically.
    Feb 6 12:49 PM | 6 Likes Like |Link to Comment
  • Fed Holdings of U.S. Treasuries Surpass China's [View article]
    Ask yourself, where did the Fed get the money to buy these bonds?
    Feb 6 11:37 AM | 3 Likes Like |Link to Comment
  • A Translation of Bernanke's Speech [View article]
    Very nice. Great to see another contributor who likes Mises and Lew Rockwell.
    Feb 3 05:40 PM | 2 Likes Like |Link to Comment
  • How Is QE2 Doing So Far? [View article]
    Spot on. Tarriffs are intellectual surrender and they absolutely decrease overall economic prosperity. Dr. Richman- You should read Bastiat's famous "Petition to Candle Makers".
    Feb 3 09:53 AM | 2 Likes Like |Link to Comment
  • Back to the Overconsumption Future [View article]
    What a great article. You just summarized so many things I have been telling people over the past year, especially with regards to the savings rate. This is where a lot of people who predicted negative GDP growth for 2010 got it wrong. They assumed the savings rate would go to 10% and stay there. They were way off on that idea. I also completely agree with you that it will take another downturn for consumers to deleverage again.
    Feb 2 03:32 PM | 7 Likes Like |Link to Comment
  • Dividend Investing: Make Sure Free Cash Flow, Not Debt Issuance, Backstops Your Investment [View article]
    Nice article and great point about dividends and how they should come from free cash flows and not debt. This is exactly why I do not include any companies with a debt to equity over 70 in my portfolio. In fact, I have very few with a debt to equity above 20.
    Feb 2 09:47 AM | 6 Likes Like |Link to Comment
  • Intel: A High Dividend Yield Stock for Your Core Portfolio [View article]
    Let's just look at the past five years. EPS for Intel grew by 7.9% annually. Dividends grew by 14.5% annually. How did dividends grow by more than EPS? There are at least two ways this can happen: 1) The payout ratio increases and 2) The company diverts spending from other projects, R&D, acquisitions, etc. That is part of becoming a slower growth, value company. Revenue that once went towards investments and not dividends and now diverted towards dividends.
    Jan 31 04:54 PM | 6 Likes Like |Link to Comment
  • Obama's Clean Energy Challenge [View article]
    "Question No. 1: Is this a good idea?
    On balance, most people think so"

    Really? I doubt most people think we need more government subsidies and handouts to private corporations.
    Jan 28 09:58 PM | 5 Likes Like |Link to Comment
  • GE: Everything That's Wrong With Capitalism in America Right Now [View article]
    You folks are simply confusing the programs. It's understandable given the nature of these bailouts and how quickly and sloppily they were implemented.
    Jan 27 12:14 PM | 5 Likes Like |Link to Comment
  • GE: Everything That's Wrong With Capitalism in America Right Now [View article]
    Yes, last year. That is because GE Capital took a nosedive. Before 2008 GE Capital made up more than 50% of profits. Read the article carefully before commenting. I never said GE Capital made up 50% of profits after they crashed.
    Jan 27 11:38 AM | 6 Likes Like |Link to Comment