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J.D. Welch

 
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  • What Next To Buy, Taking Profits, And Why - Part 4 [View article]
    Thanks very much, gawilley!
    Jan 30 01:33 PM | Likes Like |Link to Comment
  • What Next To Buy, Taking Profits, And Why - Part 4 [View article]
    Thanks very much, Eric. I appreciate you saying that. However, there are some who would argue with what I've done to rebalance, but I appreciate that some folks do understand what I'm trying to do and why... :-)
    Jan 30 01:32 PM | Likes Like |Link to Comment
  • What Next To Buy, Taking Profits, And Why - Part 4 [View article]
    Thanks very much, Rose!
    Jan 30 01:31 PM | Likes Like |Link to Comment
  • What Next To Buy, Taking Profits, And Why - Part 4 [View article]
    Thanks, sethmcs.

    It was you that told me about UVE in the first place, wasn't it? I couldn't remember who exactly mentioned it, but thanks; great tip!

    I've been seriously considering preferred stocks to add, and have had my eye on one of them in particular (NRF-C) (sometimes that ticker symbol doesn't translate well on different websites, but it's "NorthStar Realty Finance - Preferred C"), but have been reluctant to jump in while it was above $25, and then even though it slipped below $25 for a while, I wanted to do some research on preferreds in general, but just haven't had the time to do that kind of reading and research.

    Thanks for the link. I will definitely add it to my Favorites, and will be looking into preferred stocks as soon as work and family life allow! I'll also keep an eye on the yield on treasuries...

    Thanks again!
    Jan 30 12:42 PM | Likes Like |Link to Comment
  • What Next To Buy, Taking Profits And Why [View article]
    True, but this story was written back in August of 2013. :-) The price of UVE has skyrocketed since then...

    Also, UVE issued a special dividend at the end of last year, which was a nice bonus to an already good dividend paying stock.

    However, I suggest you read the latest article in this series, "Part 4", which was published last night; it specifically addresses UVE...
    Jan 30 12:37 PM | Likes Like |Link to Comment
  • What Next To Buy, Taking Profits And Why [View article]
    Hi.

    Yes, if you go to my latest article, which is the "Part 4" of this series (just got posted last night), you'll see a list of my current holdings at the end of the article.

    I'm currently sitting at an average 5.74% Yield for the whole portfolio, so it's down somewhat from when this article was written, but I think a lot of that has to do with the fact that the market has just gone up, up and up since this article was written, and as such the Yield for most everything has gone down (but not the $$$s that they pay in dividends!).

    Hope that helps...
    Jan 30 12:34 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    Hi, horowitzcpa.
    I realize that the ending value of my IRA is very important. Also, it's not the Yield of the portfolio (although that's an important metric), but rather how much cash from dividend income that it produces, and therefore will be (should be) producing by the time I retire, that I've got my eye on. Yield is a convenient way to gauge whether I'm getting the most bang for my buck in terms of dividend income vis-Ă -vis the current value of the account. But I'm also tracking how much in terms of dollars that are increasing as a result of my activities.
    Sorry you feel that I've made some "disastrous trades". For the record, I haven't sold any KMB; I'd been wanting to buy more, but it's done me the service of increasing in value so much since I bought it that it's now above my parity target, which is just fine with me. It also currently sports a 3.02% Yield, and my YOC is 4.51%, so I'm not likely to sell any KMB any time soon. :-)
    Since I've been able to increase the dollars that are being generated in dividends by the dollars that I've gotten from the (very) limited amount of sales that I've made of some wonderfully performing stocks, and then re-investing those dollars in stocks with much higher Yields, resulting in higher actual dollars that will come into my account in the form of future dividends, at least in the next year, I'm content with my decisions to do the very small amount of trimming that I've done to increase my dividend income.
    Thanks very much for taking the time to read my articles, and your kind words. Best of luck!
    Jan 28 03:48 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    Hi, Bob.

    I don't really have a "safe" target number for Debt/Equity. In some cases higher debt isn't as much of a red flag for one company as it would be for another, depending on a number of factors. It's just one of the set of metrics that all combine to rank all of the stocks on either my portfolio or watch list.

    Hope that helps...
    Jan 28 03:38 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    Thanks, chowder!
    Jan 28 03:27 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    That's exactly my plan!
    Jan 24 06:10 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    No, that's not it. Dividend income in a traditional IRA is tax-deferred.

    What LarryMelman is bringing up is something that he's had an issue with for a number of years now. I think the problem is that I use the terms "income" and "IRA" in the same sentence.

    Think of my IRA as a microcosm - the dividends that are generated from the existing positions (the "income" to the microcosm) are re-invested into either an existing position or two, or to start a new position in the microcosm. The portfolio itself that I'm constructing is one that I intend to use in retirement to generate income for my household when I'm no longer receiving a paycheck from an employer. At that point, the portfolio won't be in an IRA vehicle, and whatever income it generates will be taxable, but I should be at a much lower tax rate, and be in good shape. The point of the articles is to illustrate the construction of a portfolio that will generate a healthy income in retirement, and an income stream that grows at a rate that (should) beat inflation. It just so happens that I'm building that portfolio now in a traditional IRA so that I can use the tax advantaged status of the IRA, which makes sense.

    Hope that helps...
    Jan 24 04:03 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    Thanks, katvestor!
    Jan 24 03:49 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    Hi, Bob. How's it going?

    I do have OHI, which is a healthcare REIT, right? So, yeah, I think I got into that mainly because of you. :-)

    Don't know what a "triple net reit" is. Can you provide more details?

    It's not so much that the MLPs are "ultra high yielders" as much as that they were MLPs. I still have some ultra high yielders in the form of mREITs and BDCs. The BDCs have done very well for me, even though their prices have taken a bit of a hit in some case; but they generate cash like crazy! It remains to be seen how conservative I get as I get closer to, or rather into, retirement...
    Jan 24 03:48 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    Thanks, Giorgio!

    I'll look into CPG. I think my broker still has it under CSCTF.PK, so I'll need to check the price of both and see if they're consistent...

    Nice to hear from you!
    Jan 24 03:45 PM | Likes Like |Link to Comment
  • My Mad Method: 2013 EOY Review [View article]
    Thanks to you, bunnymoney.

    "hairball being choked on". I like that! :-) It certainly was. Like the debate over the value of tracking YOC (see above), I think the two sides of the MLP in an IRA question are fairly well polarized. It just seemed to me that the possibility of a big tax bill due to the MLP doing something I had no control over, and coming at a time in retirement when I will have limited resources, was enough of a risk to make me take them out of my IRAs. I certainly intend to open a taxable account at some point (soon, hopefully) so I can start investing in MLPs again...
    Jan 24 03:43 PM | Likes Like |Link to Comment
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