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John Gerard Lewis

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  • Which mREITs Are Still Good Buys? [View article]
    At 6x, I don't consider NLY highly leveraged.
    Oct 17 02:40 PM | Likes Like |Link to Comment
  • Successful Professional, Lousy Investor [View article]
    I have the utmost respect for him. He made a lot of money in his profession. But his approach to investing, given his circumstances, is inappropriate.
    Jul 11 04:36 PM | Likes Like |Link to Comment
  • Successful Professional, Lousy Investor [View article]
    "The man was brighter than you gave him credit for being, was not over diversified, and gave you marching orders to a tune you couldn't even hum."

    Oh, he's a very bright guy, but at 84 there's a reasonable likelihood that he'll be dimming before too long and won't be able to properly manage his huge number of holdings. (And it will be as nightmare for his heirs to unwind. Why would he want to unnecessarily burden them with that?) He's over-diversified because he holds more securities than anyone can properly manage, not because he's in the wrong investments.
    Jul 11 04:33 PM | Likes Like |Link to Comment
  • Successful Professional, Lousy Investor [View article]
    "So, down from 100K to 36.2K plus some modest principal extraction. I thought that capital preservation was paramount, so why embed a 'some principal extraction' in the pipeline !?!"

    Capital preservation means not losing capital to investment vagaries, i.e., a decline in value due to factors that you don't control. Extracting funds to live on is merely using your money as you see fit in a manner that you control.

    We do seem to agree on his obvious need to consolidate. Anyone who has ever lost his parents knows that unwinding their investments can be a chore. In this fellow's case, it would be a monstrous one.
    Jul 11 04:25 PM | 2 Likes Like |Link to Comment
  • Successful Professional, Lousy Investor [View article]
    Don't embark on a gambling career.

    As to meeting with him in person, he expressed no desire to drive the 975 miles to my office.
    Jul 11 04:19 PM | Likes Like |Link to Comment
  • Management Teams Direct The Fate Of mREITs [View article]
    B. Riley downgraded ANH to neutral and Stifel Nicolaus downgraded it to hold.
    Jul 6 09:17 AM | 1 Like Like |Link to Comment
  • Management Teams Direct The Fate Of mREITs [View article]
    Different topic.
    Jul 6 09:07 AM | Likes Like |Link to Comment
  • Paying Off Your Mortgage Is AAA+ Investment [View article]
    This strategy is only for those who have the funds to make this investment decision.
    Jun 22 07:54 AM | 5 Likes Like |Link to Comment
  • A Portfolio For Older Boomers [View article]
    Thanks, Joe.
    May 5 10:16 AM | 1 Like Like |Link to Comment
  • A Portfolio For Older Boomers [View article]
    Laddering, as I recommend, mitigates the inflation risk. Reinvest at higher rates as maturities occur.
    May 5 10:16 AM | 1 Like Like |Link to Comment
  • A Portfolio For Older Boomers [View article]
    No real problem with these, as long as your goal is to hold them to maturity.
    May 5 10:14 AM | Likes Like |Link to Comment
  • Should You Trade, Or Hold Your mREIT? [View article]
    Here's the conclusion that you missed:
    "The results were inconclusive as to a clearly preferred route, but not as to answering the question. That neither strategy was patently better was an answer in itself ... For my purposes, the question was wholly and definitively answered, to wit: Sometimes making the trade is better than holding through the ex-date, and sometimes it isn't."
    Apr 20 09:22 AM | 2 Likes Like |Link to Comment
  • Should You Trade, Or Hold Your mREIT? [View article]
    Well, I don't mind you steering readers to your own piece, but addressing a narrow question in 11 paragraphs, that your article only tangentially addresses in one, hardly constitutes a wasted opportunity. It's like saying Faulkner wasted the opportunity to write about Antarctica instead of Mississippi.
    Apr 19 10:25 PM | 6 Likes Like |Link to Comment
  • Widows, Orphans And mREITs [View article]
    Good grief, "100%" does not appear in the article. Prudent asset allocation is assumed: "[W]e're loath to discount the conventional caution."

    Re: Your paragraphs 2 and 3...
    Clearly. No. Yes. Hyperbole. Too late.
    Apr 2 10:03 AM | Likes Like |Link to Comment
  • Widows, Orphans And mREITs [View article]
    I'm afraid you are (somewhat irrationally) misreading the article. The only suggestion here is that mREITs needn't be exclusively short-term holdings or trading vehicles. They do have long-term features, despite conventional wisdom. I know of no securities, including traditional buy-and-hold stocks, that are immune from bear markets. Why would mREITs be any different?
    Mar 28 09:19 PM | Likes Like |Link to Comment
COMMENTS STATS
39 Comments
27 Likes