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Robert Mattei

 
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  • How Did High-Yield Dividend Champions Do During The Great Recession? Part 2
    Yesterday, 2:34 PM USBI, ORI, CINF 5 Comments

    Summary

    • In the last article, we showed that the highest-yielding dividend champions in January 2008 were unlikely to still be dividend champions in September of 2014.
    • In this article we continue the examination, breaking out the result by industries.
    • We show what industries were hardest hit and what industries weathered the storm relatively unscathed.
  • How Did High-Yield Dividend Champions Do During The Great Recession? Part 1
    Thu, Oct. 23 ASBC, AVY, BBT 28 Comments

    Summary

    • This is part one of a multi-article examination of the deceased Dividend Champions.
    • In this article, we take a look back at the Dividend Champions from the list David Fish put out in January of 2008.
    • In theory, high-yield investments are more risky. Is there a relationship between yield and the Dividend Champion survival rate?
  • The Market Is Dropping Will Dividends Hold Up
    Thu, Oct. 16 SPY, DIA, QQQ 40 Comments

    Summary

    • For the last 30 years, dividends have easily stayed ahead of inflation. Has this always been true?
    • In this article, we take a look back on dividend returns of the US Markets since 1900.
    • If you are counting on dividends, you should know your dividend history.
  • Are You Addicted To Investing?
    Tue, Oct. 14 8 Comments

    Summary

    • Are you constantly checking your portfolio?
    • Do you find you can’t wait to make another trade?
    • Is investing fun?
    • Do you like the excitement?
  • How Modern Portfolio Theory Can Benefit Retirees
    Fri, Oct. 10 BND, VB, VBR 29 Comments

    Summary

    • Modern Portfolio Theory can be used to reduce volatility, which is especially important to retirees.
    • Volatility can work for you or against you, but for the retiree, it’s an added risk and should be avoided.
    • In this article, we show the effect of volatility during the withdrawal phase of retirement.
  • What Will You Do When The Market Corrects?
    Thu, Sep. 25 8 Comments

    Summary

    • If you haven’t read ‘Deep Risk’ by William Bernstein you should!
    • One of the concepts Mr. Bernstein discusses is that risk has two dimensions - magnitude and duration.
    • How we prepare for and react to both dimensions during a market downturn will greatly impact our results.
  • Why I Am Becoming A Passive Investor
    Mon, Sep. 22 DGS, SCHB, IEFA 87 Comments

    Summary

    • In two previous articles I discussed my concern with U.S. market valuations and my desire to simplify my portfolio.
    • My goal is to have a more diversified portfolio, that takes less maintenance.
    • In this article I discuss how these changes lead me to abandon stock selection and become a passive investor.
  • Maybe You Shouldn't Pay Off Your Mortgage
    Tue, Sep. 2 SPY 195 Comments

    Summary

    • With today’s low mortgage interest rates, does it make sense to pay off your mortgage?
    • I hate debt, but low interest debt is not always a bad thing.
    • I back-tested to compare how two hypothetical retirees would make out with and without a mortgage and present the results here.
  • Why I Am Adding Treasuries To My Retirement Portfolio
    Mon, Aug. 11 TLT 32 Comments

    Summary

    • Buying Treasuries is like buying insurance, if everything goes well you'll be sorry you bought them.
    • But when things go wrong you'll be sorry you didn't.
    • The threat of rising interest rates makes it a difficult time to feel comfortable investing in treasuries.
    • Here's how I am dealing with this dilemma.
  • I'm Approaching Retirement And Simplifying My Portfolio
    Thu, Jul. 31 SCHE, VGK, SCHR 41 Comments

    Summary

    • Like that spare room that contains a lot of stuff you have little use for, my portfolio has become cluttered with positions I don't need.
    • Having come to the conclusion that U.S. equities are overpriced, I'm changing my portfolio allocation.
    • This is a great opportunity to simplify my portfolio.
  • No, I Didn't Sell Everything, But I'm Getting Cautious
    Mon, Jul. 28 VGK, SCHE, TLT 144 Comments

    Summary

    • U.S. Markets are over-priced based on almost every metric.
    • This does not mean a reversal is imminent, but it does raise the odds that returns over the next decade will be sub-par.
    • I’m not selling everything but I am slowly reallocating. Here are the changes I'm making.
  • Should Royce Micro Cap Trust Be In Your Portfolio?
    Tue, Jul. 8 RMT 6 Comments

    Summary

    • Small caps historically out perform larger stocks.
    • Total returns for RMT have consistently beaten the Russell 2000.
    • RMT provides small cap exposure along with income.
    • RMT is the only micro-cap closed end fund.
  • Looking For A Bargain In Closed-End Funds?
    Wed, Jun. 25 AWF, CMU, FLC 27 Comments

    Summary

    • Absolute Discounts are a good start when looking for closed-end fund bargains.
    • However, CEFs sometime maintain the same discount level for years.
    • A better approach is look for funds that have discounts that are larger then their average discounts in the past.
    • In this article we examine the funds whose current discount are significantly larger then their 6-month average discount.
  • Annaly Capital Management: Do You Feel Lucky?
    Mon, May. 26 NLY 34 Comments

    Summary

    • There is a tremendous amount of interest in Annaly Capital Management at Seeking Alpha (34,734 people are signed up for email alerts).
    • Does this high yield, volatile stock merit the interest?
    • Does its total return justify an investment?
  • The Best-Performing Utility CEFs Over The Last 12 Months.
    Tue, May. 20 BUI, DNP, DPG 17 Comments

    Summary

    • Total Returns are a go-to metric when selecting a CEF.
    • Distribution rates are set by management policy, but total returns show management level of competence.
    • In the long run, the funds with the better total returns are going to be able to distribute more money to their investors.
    • Let's find the best-performing Utility CEFs.
  • Is Source Capital A Better Option For Mid-Cap Growth Than An ETF?
    Fri, May. 16 SOR 17 Comments

    Summary

    • SOR is one of the few (perhaps the only) CEF that focuses on mid-cap growth.
    • The CEF format has advantages over ETFs for some investors.
    • How does SOR stack up to the three largest ETFs in this space: IJK, IWP and VOT?
  • Need A 'Steady Eddy' Income Source?
    Tue, May. 13 DNP 41 Comments

    Summary

    • If you want consistency, Duff & Phelps Select Income is hard to beat.
    • DNP may not be exciting but this “Steady Eddy” has a distribution rate of 7.75%.
    • It also passes the test for consistent management; Nathan Partain has been managing the fund since 1998.
  • Cohen & Steers Infrastructure Is Worth A Look
    Fri, May. 9 UTF 22 Comments

    Summary

    • Cohen & Steers Infrastructure has compelling total returns and is one of the few closed-end funds that has consistently beaten the S&P.
    • Its long-term record of excellence has been driven by the same management team since its inception.
    • With a healthy distribution rate and solid total returns, this closed-end fund is worth considering for income and total return investors.