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Richard Shaw

 
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  • Be Watchful: Muni Tax Exemption Under Continued Attack [View article]
    I was early, but now its back:

    from Bloomberg:

    "The tax break for some investors in the $3.7 trillion municipal bond market would be curbed under changes proposed by the top House tax writer, a shift that may diminish the appeal of buying local-government debt.

    A plan released today by House Ways and Means Committee Chairman Dave Camp, a Michigan Republican, would tax some municipal-bond income for the highest earners as part of broader changes that would lower rates. It would also eliminate the exemption for debt sold by localities to finance private projects"
    Feb 26 04:03 PM | Likes Like |Link to Comment
  • Multi-Factor Selection Of Top Sectors For 2014 [View article]
    The images are found to be 144 pix per inch instead of 72 pix. Come up too large. Our new high res computer screens do that we just found out. Will create and submit 72 pix images this weekend and submit for substitution. Sorry.
    Jan 17 05:31 PM | Likes Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    Your data is historical and the opinions of the analysts is pro forma -- in 2013 most categories did well -- analysts expect more differentiation in 2014
    Jan 14 01:52 PM | 1 Like Like |Link to Comment
  • Best Top Dividend Vs. Top Non-Dividend Stocks For Risk Adjusted Total Return [View article]
    You miss my point -- in my prior article I was requested to analyze non-dividend paying stocks without any other criteria -- this is a response to reader request -- I am not suggesting anything, other than providing data that a reader said would have been helpful in my prior article about solid dividends -- perhaps I shouldn't have responded give the amount of confusion about what I was doing -- it's just data and that's it -- for the readers who asked for it -- I am not trying to make any special point
    Jan 13 03:14 PM | 1 Like Like |Link to Comment
  • Best Top Dividend Vs. Top Non-Dividend Stocks For Risk Adjusted Total Return [View article]
    No what I mean is that picking a stock purely because it does not pay a dividend (no other criteria is not useful), therefore some other criteria are needed to make choosing non-dividend paying stock choices. That is why I was asking for criteria in the comment stream on the other article. There are thousands of non-dividend payers. With the dividend stocks I had set up important filter criteria beyond just paying a dividend. We did not have the same here, such as a GARP screen or some other positive and negative filters -- not just absence of a dividend.
    Jan 13 01:24 PM | Likes Like |Link to Comment
  • Best Risk Adjusted Total Return Dividend Stocks [View article]
    The top 200 can from David Fish's CCC list. The total return and volatility came from Morningstar. David makes a best effort at filtering out irregular dividends, and Morningstar and any other service would include all distributions in total return.
    Jan 9 09:30 AM | 1 Like Like |Link to Comment
  • Best Risk Adjusted Total Return Dividend Stocks [View article]
    It just the way the numbers work out. The drill was purely quantitative.
    Jan 9 09:26 AM | Likes Like |Link to Comment
  • Best Risk Adjusted Total Return Dividend Stocks [View article]
    I'll redo it sometime with just a 3 yr period (not 2009 effect)
    Jan 8 09:16 PM | 1 Like Like |Link to Comment
  • Best Risk Adjusted Total Return Dividend Stocks [View article]
    I can do that easily and will, if you will define what qualifies as a top non-dividend payer (top total return? top mkt cap? top what?)
    Jan 8 09:14 PM | 2 Likes Like |Link to Comment
  • A Double Whammy For REITs And MLPs In 2013 - More In 2014? [View article]
    That is why apartment REITs did best, and why I specifically mentioned them and that effect as a counter force in that subsector.
    Jan 8 05:51 PM | Likes Like |Link to Comment
  • A Double Whammy For REITs And MLPs In 2013 - More In 2014? [View article]
    I agree that their is more to consider than those two factors -- they are simply a macro overlay on sector and issue specifics. I also agree as you say that over 20 years, both categories will do well. This article, of course, is only about 2014. The problem we all have is dealing with some of the challenging times along the way to 20 years. In 2007, you could have said and most likely would have been correct that over 20 years stocks would reward handsomely, but in 2008 and 2009, it was difficult to "feel" that way -- also not everybody has 20 years of remaining life, and many people must withdraw assets on a regular basis to support their lives (or to support the distribution requirements of their foundation or entity pension plan); and in those cases big down periods are harmful to survival prospects --- dollar cost averaging IN is advantageous long-term, but dollar proceeds average OUT is harmful.
    Jan 8 04:44 PM | 4 Likes Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    The missing stock is EMR 1.27%.
    A correction has been requested
    Jan 8 01:35 PM | Likes Like |Link to Comment
  • A Double Whammy For REITs And MLPs In 2013 - More In 2014? [View article]
    Probably in some cases and not others. Now more than earlier, issue selection is critical, as the categories are having trouble.

    Articles by Brad Thomas may be helpful to you with regard to REITs. Looking at the holdings of leading MLP oriented funds may help there. Energy Income Partners is an investment first whose commentaries on MLPs we find particularly persuasive. They manage some fund for First Trust.

    Our monthly "Rational Risk Equity Income Investor" letter also identifies some REITs and MLPs that pass our quantitative criteria, and further identifies if they are favored by independent analysts.
    Jan 8 12:42 PM | 2 Likes Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    I agree that overweight and underweight might be better terms. AVOID and FAVOR came from the analyst reports. I would avoid adding to certain sectors and would favor adding to certain sectors. It is about "tilting" a portfolio in this or that direction, not going all or nothing on sectors. Note that the ETFs we favor, have exposure to the "avoid" sectors, but we were looking for less of the "avoid" categories and more of the "favor" categories.
    Jan 8 12:37 PM | 1 Like Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    I named the funds for the indexes they follow, not the investment firms the manage them. The label is correct.
    Jan 8 11:24 AM | 1 Like Like |Link to Comment
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