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J.D. Welch  

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  • So What Are My Vodafone Shares Worth? [View article]
    Hey, Mike.

    Yeah, I saw that you said you were going to sell your VOD shares before the 21st. Good day to pick up some RCI, eh? I have it in my wife's IRA, and it's taking a beating for some reason. I don't see anything in the headlines to give me a clue as to why, and don't have time to delve deeper. It was on my list to pick some more up for her IRA when I have enough funds available, but I'm considering starting a new position instead, one that would generate more income so that I can start rolling that snowball down the hill a little faster. More on that later...

    I look at RCI as more of a cable company than a telecom, but I guess they're both, so, yeah, you might want to look elsewhere to redistribute those VOD funds. In any event, if it were me and I was inclined to buy VZ (which I'm not), I'd wait until after the 21st, 'cuz I really think that the price is going to take a hit from all the folks and funds that are going to sell it off when it hits their accounts. I know you're a patient fellow, so that's one way to play it; wait and see if that happens, and have some other options in your back pocket in case it doesn't work out.

    I'm going to hang on to whatever shares of VOD that I will have after the deal goes down, and then wait to sell my VZ shares until the price stabilizes from the big dip that I suspect will happen if I can't cash them in right away for a decent price. I'll probably just plow the cash I'll get from VOD plus whatever I make on selling my VZ shares back into VOD, but that decision isn't set in stone yet, just what I'm leaning towards now. I still like VOD, but one of the appeals of it before was that it held a 45% stake in VZ thru VZW, so I had some exposure to non-US markets but also had exposure to VZ in addition to the T shares that I've held for a long time now. I've been thinking of picking up some more T anyway, since its down so low, so I might use the cash portion of the VOD deal that I get to do that, and then wait and see what VZ does... Need to see how it all plays out...

    Anyway, TTYL,
    J.D.
    Feb 12, 2014. 01:38 PM | 1 Like Like |Link to Comment
  • So What Are My Vodafone Shares Worth? [View article]
    Great, thanks, Ray. That's what I thought, but I figured I'd put it out there just to be sure. Understood that you're not giving tax advice; just verifying what I already understood would most likely be the situation.
    I'm glad I saw Mike Nadel make a comment on this article, otherwise I would've missed it, and I actually didn't know about this upcoming transaction / transfer / whatever. Now I am better prepared for what will happen on/after 2/21.
    I expect that, as you've implied, there will be a (massive) sell-off of VZ shares, especially in those non-US mutual funds, etc., that won't be able to hold them anymore, and I plan on holding onto my VZ shares for a while until the price stabilizes and recovers from the massive sell-off that is likely. Then I'll likely dump them and figure out where to put those funds (possibly right back into VOD, as I like it, and it provides me with a little bit of non-US exposure). (I might set up a sell order with a limit price over that weekend, and hope to catch it before it crashes, but I'm figuring that it's going to take a big dive in which case I'll just be patient and wait until it recovers to a price that I'm more comfortable selling at...)
    Thanks for a very informative series of articles on this subject! Very helpful...
    Feb 12, 2014. 12:32 PM | 1 Like Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    LOL! Good one.

    I noticed today's big upswing. Didn't know that the new Fed boss had said anything, was heads-down with work. Good to know, thanks.

    If things keep going like they are, I just might need to harvest a wee bit more o' profits and redeploy them in some things I've recently learned about... [Teaser!]

    :-P
    Feb 11, 2014. 11:38 PM | Likes Like |Link to Comment
  • My Mad Method Meets The 'Chowder Dividend Rule' [View article]
    Thank you very much, Small! You are too kind. I agree with you about the SA community: Top Shelf! Cheers!
    Feb 11, 2014. 11:33 PM | 1 Like Like |Link to Comment
  • So What Are My Vodafone Shares Worth? [View article]
    Ray: Quick question that I hope is obvious. All my VOD is in an IRA. So the tax consequence to me of holding thru the Feb 21st execute date will be... Nothing, right?

    Thanks...
    Feb 11, 2014. 11:16 PM | 1 Like Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Thanks, rok.

    Yeah, unfortunately my timing's been a little off these past few months. I keep missing the mini-dips, and end up having the cash when things have started to swing upwards again, only to be followed by another mini-dip. LOL. Oh, well, I never claimed to have the best timing, just a plan. :-D

    Good to hear from you...
    Feb 11, 2014. 10:39 PM | Likes Like |Link to Comment
  • These 6 Stocks Made The 'Top 40 Dividend Growth Stocks' For 7 Straight Years [View article]
    Great, thanks, Dave. I will check out your Constitution.

    Sorry I haven't been able to keep up with your writing (or anyone else's, for that matter). It's been a struggle just to get a few articles written myself these past 6 months or so, but hopefully things are improving and I can squeeze in some time to keep up with some of my favorite Contributors.

    Thanks for getting back to me...
    Feb 11, 2014. 10:33 PM | 2 Likes Like |Link to Comment
  • These 6 Stocks Made The 'Top 40 Dividend Growth Stocks' For 7 Straight Years [View article]
    Hi, Dave.

    When a stock no longer fits your criteria, do you sell it off from out of your portfolio(s)? Or does it just drop off your Top 40 list?

    I'm wondering because I own quite a few Dividend Champions that have seen great growth over the relatively short time I've held them, and their yields have dropped accordingly. Some of them are in this article, and appear to be overvalued. I'm wondering if I should cut some or all of them, harvesting these profits, and put those funds somewhere else (with higher yields)?

    Thanks,
    J.D.
    Feb 11, 2014. 08:55 PM | Likes Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Thanks, cgeezy!
    Feb 10, 2014. 11:35 PM | Likes Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Thanks Pt! Nice insights.

    Interesting that you mentioned KO. More on that later...

    :-D
    Feb 10, 2014. 11:35 PM | Likes Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Hi, kolpin.

    I really don't have an exit strategy for the mREITs, other than that they take up just about 7% of my total allocation, which is a comfortable level for me. I don't think I'll jettison them if they continue going down much further, and I don't think interest rates will spike that much higher that mREITs won't be a viable source of great dividend income in the future. Remember that while overall value of my portfolio is something I do care about, it's the total income that it generates that really matters.

    Nice to hear from you again!
    Feb 10, 2014. 11:32 PM | Likes Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Yeah, I realized later today that I really need to put PM back in the mix of the What Next To Buy? list, just ran out of gas at the end of a long day. Will get to it shortly, although it's really not that far off from parity, it's just that it keeps going down and my cost basis is too high. I waited a while to pick it up in the first place, watching helplessly as it kept climbing past my initial "noticed it" price, then said Screw It and jumped in. T is now the lowest in terms of % Allocation, which makes it a very high probability that I'll jump on it next when the dividends come in, but who knows what things will be like in 2 weeks? MO certainly needs some more love in my portfolio, as do a few others, like TGH & DLR...
    Feb 10, 2014. 11:26 PM | Likes Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Thanks very much, mostserene1.

    Yeah, I've still got my eye on T and MO, and would like to add more to both eventually. I just hope I can catch them while/when they're down...

    I took a look at O about a year or so ago, and I think the reason I dropped it off my watch list was that I felt like I'd missed the boat, that it had gone up a lot in a relatively short time and I hadn't gotten in, and I'd missed that opportunity. I probably need to take another look at it...

    Thanks again...
    Feb 10, 2014. 07:27 PM | Likes Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Wow, that's a great beat! I'm actually down vs the S&P500 (SPY) due to the big uptick that the market took right at the end of 2013, but I'm not too worried about it. I'm more interested in improving the amount of dividends that the portfolio produces as the year progresses.

    135 stocks, eh? Do you have skin in that game, or is it just a "paper" list? Folks give me a hard time for aiming for a portfolio of 50 positions! Best of luck!
    Feb 10, 2014. 07:23 PM | Likes Like |Link to Comment
  • My Mad Method: What Next To Buy, And Why? - February, 2014 [View article]
    Thanks very much, Doug!

    The mREITs are the riskiest things I've got in my portfolio (followed by the BDCs), and I'm comfortable with that amount of risk (about 10% allocation overall of my portfolio total between the 3 mREITs I hold, AGNC, NLY and TWO), especially for the returns. Thanks for doing the math for us!

    :-)
    Feb 10, 2014. 07:20 PM | Likes Like |Link to Comment
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