My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
Hi, all.
Yes, I added LNCO to my wife's IRA, and don't want to have redundancy between our IRAs (looking at the whole "household" as a single view of holdings). LNCO has taken a bit of a beating since then, however, unfortunately (haven't checked today...), but I like it nonetheless. :-)
Looked at TICC a while back, when I went with PSEC instead. Will take another look at it, but I'm pretty stocked up on BDCs with PSEC, MAIN and RSO in my IRA. Might consider it for my wife's IRA, tho...
My 401(K): What Next To Buy, And Why - February, 2013 [View article]
Thanks, markg & Brad. I've added PKW, DTN and CSD to my ETF watchlist, and will check them out as soon as it makes sense to (I already have VIG on that watchlist, highlighted in red, meaning to me to check into it as soon as possible!).
The Method To My Stock-Picking Madness, Part 1 [View article]
Thanks for your comment.
Since my primary goal is generating income from dividends, and not return on share price, if there were to be another 2008-like event (and there probably will be at some point), I would view that as a buying opportunity. What we saw in 2008 was about 73% (if I'm remembering Robert Allan Schwartz's quote correctly) of dividend-paying companies continued to increase and pay a dividend, even though their share price took a big hit. That opened up a huge opportunity to "go shopping" for great DGI stocks such as KO, JNJ, etc. I'm definitely a "buy-and-monitor" kinda guy, and would hold on to pretty much everything in a similar situation, and try to add as much as possible to as many positions that had their prices "artificially" depressed as a result. History shows that, over time, the market keeps going up, and that dividend-payers out-perform non-dividend-payers, so I would just hold on, buy more of what I could, and watch my dividends keep rolling in...
My Mad Method Meets The 'Chowder Dividend Rule' [View article]
Not sure I understand your question, bcavella, but let me take a shot at it here:
I don't go into it in this article, but I record every purchase as a line item under each stock, and same for each sale. So I have a record of the cost basis of each block purchased, and track the current price, so I know at any time what my gains or losses were on each block, as well as on the sale of any shares.
My Mad Method Meets The 'Chowder Dividend Rule' [View article]
@Brodidliy1: Did you send me a PM with your email info? I got about 100 requests for the blank MyMM spreadsheet over the weekend, which I just finished processing, and don't recall seeing your name (although, it could've been there, I was just sending the spreadsheet out and replying as fast as I could...). If you didn't, please go ahead and send me a PM with your email address, and I'll send you the blank copy of the spreadsheet as soon as I can...
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
It depends, I think. US trusts, such as MV Oil Trust, do run out (MVO runs out in 2026), but some (or all?) Canadian trusts operate in perpetuity, like Freehold. That's my understanding at least, but it's also something I need to look into in the case of FRHLF.PK to be sure I'm not caught holding the shares when the price plummets...
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
@Mike: I was responding to what RSR had written; didn't mean to imply that you were doing or not doing anything...
@ScottU: For multi-generational accounts, I agree with your approach. For each "couple", I would (in my own case) try to diversify across all the accounts that couple held, but for different couples, regardless of which generation they're in, yes, I would want us all to benefit from the best positions possible in all of those couples' combined accounts. But I don't consider that "doubling up"; it's just the accounts of a single couple (such as my wife and myself's IRAs) that I want to try to not hold the same positions, as I consider us (as a couple) a single "entity".
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
Thanks, RSR.
If it were me, however, I'd "double up" on positions in my daughter's account, if I were managing one for her (or any of my 3 kids, 2 of whom are adults). My view there is that I'd like to get her started on the ground floor with some of the historically great DGI/CCC stocks, like JNJ, KO, AFL, MCD, etc. I'm assuming that at some point (hopefully) she'll be leaving the "household", and venturing off into the real world, where her IRA will help fund her own retirement (she's still in college, so I consider her to still be part of our household).
Otherwise, it's just me & the Missus at the end of the road, and if I go before she does, then (I'm assuming) she gets my IRA, and then she won't have anything doubled up on her. And vice versa should she go before I do. The kids, however, are a great place to start fresh, like I wish I had when I was their age (if only they'll listen... So far my son shows promise, but he still hasn't opened an IRA for himself, despite finding full-time post-undergrad employment about a year ago...).
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
Thanks, I'll look into PER and SDR. If you have any others you can suggest, that will be helpful; I'm always interested in having options. I can have as many stocks on my wishlist as I want, right?
I do own a Canadian Royalty Trust, Freehold Royalties, Ltd. (FRHLF.PK). It's been a solid performer (up >20%), and pays steady, monthly dividends. I'd be interested in hearing about more royalty trusts...
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
Yeah, that's how I see it, too, Rob and Mike. I understand what chowder's saying, that if you've got a winner, it might not be a bad idea to double-down into both (or more) accounts. But at the moment the value of my wife's IRA is 1/10th of my IRA, and there's plenty of room for more growth in hers, as well as mine. I've got 28 positions in my IRA, and would like to get it up to ~50 so that I've only got about a 2% exposure to any one company having problems; I've only got 9 in the wife's IRA so far, so there's lots of room to grow both. As I approach 50 in mine, and more in hers, there might be opportunities for me to "double down" across them, but for now, I look at it from a household perspective, and want to spread things (ideas) around a little bit...
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
Thanks, boolanger. Yes, that does help. I will keep PGH and PWE on my watchlist, and keep an eye on them. For the immediate future, I've got my plans pretty well set in what I want to do next, but I try to stay fluid and adjust to changing circumstances, enlightenment (thru research and feedback here on SA), and other variables.
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
Yes, I added LNCO to my wife's IRA, and don't want to have redundancy between our IRAs (looking at the whole "household" as a single view of holdings). LNCO has taken a bit of a beating since then, however, unfortunately (haven't checked today...), but I like it nonetheless. :-)
Looked at TICC a while back, when I went with PSEC instead. Will take another look at it, but I'm pretty stocked up on BDCs with PSEC, MAIN and RSO in my IRA. Might consider it for my wife's IRA, tho...
Thanks for your comments!
My 401(K): What Next To Buy, And Why - February, 2013 [View article]
Thanks again! :-)
The Method To My Stock-Picking Madness, Part 1 [View article]
Since my primary goal is generating income from dividends, and not return on share price, if there were to be another 2008-like event (and there probably will be at some point), I would view that as a buying opportunity. What we saw in 2008 was about 73% (if I'm remembering Robert Allan Schwartz's quote correctly) of dividend-paying companies continued to increase and pay a dividend, even though their share price took a big hit. That opened up a huge opportunity to "go shopping" for great DGI stocks such as KO, JNJ, etc. I'm definitely a "buy-and-monitor" kinda guy, and would hold on to pretty much everything in a similar situation, and try to add as much as possible to as many positions that had their prices "artificially" depressed as a result. History shows that, over time, the market keeps going up, and that dividend-payers out-perform non-dividend-payers, so I would just hold on, buy more of what I could, and watch my dividends keep rolling in...
Hope that helped, and that it made sense...
My Mad Method Meets The 'Chowder Dividend Rule' [View article]
I don't go into it in this article, but I record every purchase as a line item under each stock, and same for each sale. So I have a record of the cost basis of each block purchased, and track the current price, so I know at any time what my gains or losses were on each block, as well as on the sale of any shares.
Hope that helps...
My Mad Method Meets The 'Chowder Dividend Rule' [View article]
And thanks to Ong Kang Wei for the link in his article; it seems to have breathed new life into this old piece of mine...
:-)
My Mad Method Meets The 'Chowder Dividend Rule' [View article]
Thanks!
My Mad Method: Replacing The MLPs In My IRA, Part 1 [View article]
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
My Mad Method: Replacing The MLPs In My IRA, Part 1 [View article]
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
@ScottU: For multi-generational accounts, I agree with your approach. For each "couple", I would (in my own case) try to diversify across all the accounts that couple held, but for different couples, regardless of which generation they're in, yes, I would want us all to benefit from the best positions possible in all of those couples' combined accounts. But I don't consider that "doubling up"; it's just the accounts of a single couple (such as my wife and myself's IRAs) that I want to try to not hold the same positions, as I consider us (as a couple) a single "entity".
Hope that makes sense...
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
If it were me, however, I'd "double up" on positions in my daughter's account, if I were managing one for her (or any of my 3 kids, 2 of whom are adults). My view there is that I'd like to get her started on the ground floor with some of the historically great DGI/CCC stocks, like JNJ, KO, AFL, MCD, etc. I'm assuming that at some point (hopefully) she'll be leaving the "household", and venturing off into the real world, where her IRA will help fund her own retirement (she's still in college, so I consider her to still be part of our household).
Otherwise, it's just me & the Missus at the end of the road, and if I go before she does, then (I'm assuming) she gets my IRA, and then she won't have anything doubled up on her. And vice versa should she go before I do. The kids, however, are a great place to start fresh, like I wish I had when I was their age (if only they'll listen... So far my son shows promise, but he still hasn't opened an IRA for himself, despite finding full-time post-undergrad employment about a year ago...).
That's just me, tho...
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
I do own a Canadian Royalty Trust, Freehold Royalties, Ltd. (FRHLF.PK). It's been a solid performer (up >20%), and pays steady, monthly dividends. I'd be interested in hearing about more royalty trusts...
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
My Mad Method: Replacing The MLPs In My IRA, Part 2 [View article]
Thanks again...
My 401(K): What Next To Buy, And Why - February, 2013 [View article]