AllianceBernstein Income Fund, Inc. (ACG)

All Comments on ACG

  • commenter
    moom
    Aug 31 04:57 AM
    My Website
    Stocks That Pay Monthly Dividends [view article]
    How about BTF? Reply
  • commenter
    Geoff
    Considine
    Jul 08 10:37 AM
    My Website
    The Do-It-Yourself Market-Neutral Portfolio [view article]
    Steve:

    Over the last 12 months, I get about the same result--depending on whether you drop OMM when it was delisted due to acquisition or substitute its acquirer. Either way, the portfolio is down by an amount close to the S&P500, as you suggest. That said, note that the R^2 of 20% or less over long periods of time means that it is not really a good idea to benchmark against something like the S&P500--most of the volatility in the portfolio is not due to moves in the S&P500. A "market neutral" apporoach that has fairly high volatility (like this one) may not drop when the market drops--or it may--the market direction is not the driver. In this case, the credit crisis has been a big driver because of the exposure to banks here.

    This kind of portfolio is a good one to monitor over the long haul--thanks for the reminder :)

    Geoff     Reply
  • commenter
    Steveal50
    Jul 08 06:07 AM
    The Do-It-Yourself Market-Neutral Portfolio [view article]
    Geoff,

    Any comment on this article in the light of a subsequent years performance?

    The banks were hammered, of course, but the overall performance seems right in line with the indices.

    Steve     Reply
  • commenter
    radams9
    May 17 11:37 AM
    Want Monthly Dividends? 150 Stocks that Pay [view article]
    Canadian w/h tax is very poorly treated recovery if you are in the top tax bracket in taxable accounts. Also beware of the treatment in AMT Reply
  • commenter
    User 183785
    Apr 26 09:35 AM
    Stocks That Pay Monthly Dividends [view article]
    I bought IGR last Sept and was pleasantly surprised by the large monthly dividend and capital gain in December. Do they do this every year or was that a one-time deal?
    Did you ever find another ETF with the "December" effect?


    On Mar 24 06:19 AM r.d.glover wrote:

    > I have owned IGR for two years. The return is much more than 6% as
    > IGR pays a very large long term capital gain in December AND a many
    > times larger dividend also in December. Do you know of others in
    > your list that may have this "December" effect? I own several on
    > your wonderful list and thank you sincerely. r.d.glover vanvangg@prodigy.net     Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:20 AM
    My Website
    General Discussion on ACG
    Is this a buy or a sell? Reply
  • commenter
    r.d.glover
    Mar 24 06:19 AM
    Stocks That Pay Monthly Dividends [view article]
    I have owned IGR for two years. The return is much more than 6% as IGR pays a very large long term capital gain in December AND a many times larger dividend also in December. Do you know of others in your list that may have this "December" effect? I own several on your wonderful list and thank you sincerely. r.d.glover vanvangg@prodigy.net Reply
  • commenter
    onlytrusthim
    Mar 02 05:45 PM
    Stocks That Pay Monthly Dividends [view article]
    This list is the best I have seen so far, thanks. Just wondering if there is a list where you can find out how long they have been paying dividends? Reply
  • commenter
    manhapf
    Dec 28 08:20 AM
    The Do-It-Yourself Market-Neutral Portfolio [view article]
    Hello Geoff,

    Thanks for your software and articles; they've been insightful and helpful. I've been interested in portfolio asset allocation for many years and am a user of some complex software tools; love QPP's format, nicely done! I've been trial using your software and have some questions/observations...

    Rebalancing/Optimizati... of Allocations:
    One of the implementation details in using QPP is when to future adjust and at what frequency the 'final' asset/security allocations? At present, you either define an allocation weighting of equal or some proportion that 'suits' the investor's preferences for risk/return ideally based on empirical knowledge; eg, 70% equities/30% bonds.

    I'm not a fan of software optimization in general as applied to portfolio allocations, I'm quite familiar with the pitfalls and the bad results that typically are produced from even excellent out-of-sample and supposedly robust models. However, since with QPP we're using monte carlo simulations of forward looking return possibilities and 'experimenting' with various assets/security combinations/allocatio... weightings anyways, there is a temptation to use Excel's built-in Solver tool to optimizatize. For example, we can maximize the forward returns by modifying the asset/security allocation weights constrained by the forward looking standard deviation for example.

    Ideally, the optimized forward returns/SD yield the best weights and are robust in the sense that they deliver similar optimized/simulated results compared to the historical results over 1, 3 & 5 year time horizons; would you consider longer time horizons? I've attached a before/after example using your market-neutral article to demonstrate the effect of optimizing the allocation weights which appears quite compelling since it also improves on the portfolio beta and diversification values.

    So, what frequency of re-running the simulations to adjust the allocation weightings do you normally recommend once they're established to ensure the expected return/SD results are still meaningful; annually? What's your opinion of optimizing the weightings in this manner?

    Disclaimers:
    1) To what index is Beta used to capture correlation; am assuming S&P500, but should be stated.
    3) Based on research I've done, asset/security returns are not normally distributed. I realize that this makes the programming/math easier, but this is an area that could be improved and make QPP a more valuable tool and one that I'd be willing to pay more for!
    6) Based on your articles, I assume that this refers to the 1:1 relationship normally displayed between returns and standard deviation; is this correct?

    Thanks much for your time and consideration of my questions/observations...

    Reply
  • commenter
    koelpin
    Dec 01 06:10 PM
    Stocks That Pay Monthly Dividends [view article]
    These monthly dividend stocks are a great source of income for investors. The most complete list of monthly dividend payers that we have found is from DividendInvestor.com.

    They update the list daily which covers over 300 stocks paying dividends monthly.
    www.dividendinvestor.c...     Reply
  • commenter
    arun
    Sep 22 05:14 AM
    Want Monthly Dividends? 150 Stocks that Pay [view article]
    Look at the stocker..................
    http//stockcrunch.org
     Reply
  • commenter
    arun
    Sep 22 05:12 AM
    Want Monthly Dividends? 150 Stocks that Pay [view article]
    http//stockmakers.org Reply
  • commenter
    Geoff
    Considine
    Jun 05 12:20 AM
    My Website
    The Do-It-Yourself Market-Neutral Portfolio [view article]
    Hi Dan:

    Yahoo's stock screener also gives CEF's--it is free and easy. In this case, with the P/E criteria that I used, these industries ended up with high representation--this is a consequence of looking for low Beta and low P/E.     Reply
  • commenter
    Dan Sweet
    Jun 04 11:06 PM
    The Do-It-Yourself Market-Neutral Portfolio [view article]
    I'm screening for stocks using the MSN Money Deluxe Stock Screener, what tool do you use to screen closed-end funds? Is there a better tool that will scan for both concurrently?

    And to restate my question from above more explicitly...did you just screen and end up with concentrations in these asset classes? Or did you say "I want some debt funds, some utilities, some energy" and run screens for picks within those specific sectors?     Reply
  • commenter
    Dan Sweet
    Jun 04 07:54 PM
    The Do-It-Yourself Market-Neutral Portfolio [view article]
    Geoff, interesting article. I am a trial user of QPP and finally got it working properly last night. I have a question regarding the different sample portfolios you have profiled in you articles over the last year or so. You've done simple equally divided asset class diversification, more complex portfolios with differing percentages held in each class, sample portfolios incorporating SPY and QQQQ, mixes of ETFs and individual stocks and now another portfolio made up of primarily individual equities. Your performance / risk numbers and ratio have continued to improve as your articles have evolved. Is a portfolio of the sort profiled in this article is a fairly late stage evolution of the work you have been doing with QPP or are you just illustrating different possibilities? Or will you have a new sample portfolio next month with even better numbers an different allocations?

    When you screened for the sample stocks in this portfolio were you looking for individual companies to provide exposure to utilities, materials, emerging markets and other sectors that have been performign well or is it really a straight screen for low P/E and low betas with 8 years of data? I'd like to reproduce these results myself but am not sure where to start with screening for companies.     Reply
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