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Diver Dave

Diver Dave
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  • Rich And Retired? It Is ALL About Capital Preservation, Folks! [View article]
    RS, Good article but you forgot that the 15 million needs to be preserved and grown to keep up with inflation so the kids get adequate inheritances.
    Mar 16 10:24 PM | 1 Like Like |Link to Comment
  • Managed Duration Investment Grade Muni CEF: ~10% Tax-Equivalent Yield, 9% Discount To NAV [View article]
    I looked on M* too and I see about 70% of the bonds mature in 15 years or more. Even if most are callable, this is a big concern for me. I made the mistake of buying a 2035 muni once that I am hoping gets called in 2016 as its trading well below what I paid for it. Do any of you guys see a concern with these long maturities in this fund?
    Mar 4 08:38 PM | 2 Likes Like |Link to Comment
  • Dumb Investment Of The Week: Floating Rate Note Funds [View article]
    As far as the borrowing company being "desperate" remember they can pay the loan back at any time before maturity if they so choose. What I like about buying bond or loan funds (with 10 years or less to maturity) is that even if the price of the debt securities decline, they will eventually come back to par as long as the company does not default - unlike stocks. The 75% recovery rate on a defaulted bank loan as well as the upside to interest payments also lessens the risk.
    Feb 26 01:04 AM | Likes Like |Link to Comment
  • For Puerto Rico Bondholders, The Chickens Have Come Home To Roost [View article]
    Jeff Gundlach thinks the PR bondholders will get their principle back at maturity. He thinks the island is "too big to fail" and the US taxpayer will come to the rescue. He will probalbly be proven right.
    Feb 14 01:39 AM | 1 Like Like |Link to Comment
  • Bonds As The Ballast [View article]
    "AGG currently offers a yield to maturity of 2.32%" Yes I know this is a safe investment, but it seems 2.32% doesnt even cover inflation.
    Feb 12 01:56 AM | Likes Like |Link to Comment
  • Annaly Capital: The Share Price Has Increased, Are Dividends Next? [View article]
    I wonder how much the share price will drop if the ten year traesury rate goes back above 3%?. I believe the 10 year rate will start heading up again now that the stock correction seems to be over and fed tapering starts to have a greater and greater effect.
    Feb 11 08:38 PM | 1 Like Like |Link to Comment
  • Gary Kain Is The Warren Buffett Of Mortgages [View article]
    Thanks Scott, Case closed! All you detractors need to learn from the experts - Gary Kain & Scott Kennedy!
    Feb 11 08:25 PM | 1 Like Like |Link to Comment
  • The Debt Ceiling Impasse And The Outlook For Treasuries And Mortgage Yields [View article]
    "2.The 10 year U.S. Treasury yield in ten years is forecast to reach 4.450%, 4 basis points higher than last week." Don is this a typo? I thought the 10 year yield was around 2.6%? Or am I not understanding?
    Feb 9 08:32 PM | Likes Like |Link to Comment
  • 2014's Bad Start: Muni Bonds A Bright Exception [View article]
    Broadcaster, I looked at these two funds and they seem to have long duration, is that something to be concerned about here?
    Feb 7 12:55 AM | Likes Like |Link to Comment
  • How Obama's 'MyRA' Plan Will Impact The U.S. Economy [View article]
    Ok, but if people were all of a sudden allowed to fund these private accounts then where would the federal government get the money to pay current retirees?
    Feb 5 02:16 AM | 1 Like Like |Link to Comment
  • Are You Really Ready To Retire? [View article]
    Five years of cash seems WAY too much for me as you will lose money to inflation for that portion of your portfolio. I am 55 and (temporarily at least) involuntarily retired. Half of my porfolio is in retirement accounts so I am not drawing money from those currently. If I have an emergency I can always sell one or more of my $10,000 individual bond positions which are currently trading over par, withdraw stock or bond Roth IRA money, or take a 72T distribution from my regular IRA. There are many strategies I can do to raise cash if need be. I want almost all my money to be growing so my philosophy right now is "all hands on deck!" and I keep cash as low as possible.
    Jan 29 06:44 AM | 1 Like Like |Link to Comment
  • The Risk Spread Premium - (Almost) A Century Of Data [View article]
    Just hit "favorites" on the top of your screen.
    Dec 16 09:36 PM | Likes Like |Link to Comment
  • A Million Dollars Just Isn't What It Used To Be (Part 1) [View article]
    >>"Only get one kick at the can."<<
    Unless you are Grandpa Munster!. They say you cant take it with you when you go, but Grandpa Munster did, the problem was when he came back it was all gone!
    Dec 6 01:00 AM | 1 Like Like |Link to Comment
  • Social Security Benefit Strategies Against The S&P 500 [View article]
    David Crosetti, You stated "The problem with SS is that the funds going in every week to SS have been spent as part of the general fund and not put in a "lock box" as one Al Gore would have us believe." The fact is Al Gore called for a lock box in the 2000 election debates with Bush which is probably the only good idea he ever had!
    Aug 18 11:37 PM | Likes Like |Link to Comment
  • A Safer Alternative To High-Dividend Equities [View article]
    Robert Keyfitz. "Either way, you'll take a hit and you'll be worse off than if you hadn't owned them in the first place." Not sure I agree with this because if you dont own them in the first place does that mean you have the money sitting in a money market fund earning zero and losing out to inflation year after year?.
    Jul 31 11:59 PM | 1 Like Like |Link to Comment