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  • How To Diversify Your Income Streams With A Single ETF [View article]
    "My "favorite" tactic is when they try to justify overall poor long term performance with the "great" dividends the investors are getting (often subsidised by ROC), as though total return doesn't matter."

    There's one particular author in the Closed-End Funds section that will get angry if you point out that an Eaton Vance fund has devalued significantly. His usual response is something akin to trying to convince readers that they should be glad that Eaton Vance gave them some of that money back in dividends, despite the most recent dividend cut.

    I didn't find Mr. Fabian's article to be of that mold. At least it presented a couple options to research.
    Apr 1, 2013. 12:30 AM | 1 Like Like |Link to Comment
  • Is Motown Bringing Down Your Muni Bond Portfolio? [View article]
    Detroit's problems are self-imposed because the city is run by idiots. Look at the Detroit city council's website, and you'll see why they're going bankrupt. Only one city council person even acknowledges that there's a financial problem.

    One particular council person states he wants to "conduct projects", establish a gambling addiction program, improve parks, "finance special activities and programs", increase funding for the police department, and purchase new gear for the fire department.

    Another council person's stated priorities are to "ensure effective allocation of STATE and FEDERAL funds", "enact safe centers", "adopt universal health care policies, low-cost prescriptions for seniors and a plan to win FEDERAL dollars", fund drug prevention programs, and finally... to make sure that city contracts are awarded to black people.

    They are totally oblivious to the fact that there is no money. Instead of tightening the budget, they indulge in spending like there's no tomorrow, and seek funding from state and federal sources. They should feel embarrassed that there's talk of the state taking over their mismanaged city, but they aren't. They're too busy salivating over the idea of spending someone else's money on their pet projects. The voters of Detroit are getting exactly what they deserve, and the rest of the tax payers will have to bail out this enclave of stupidity. Good thing for them that the state taxpayers will eventually bail them and their pet projects out. Because otherwise, nobody in his right mind would buy their bonds.
    Mar 16, 2013. 06:36 AM | 1 Like Like |Link to Comment
  • Equity CEFs: Eaton Vance Really Wants You To Own Its Option-Income Funds [View article]
    I didn't buy my shares from your specifically chosen time of "October 2011 on". I bought them before. You were extolling the virtues of EXG in your articles before that specific time you mentioned. You know - back when EXG's share price was double digits (and not less than $9/share like it closed today).

    It's hard to believe this lousy stock IPO'd at $20/share, and has been cutting its distribution ever since.
    Dec 1, 2012. 03:55 AM | Likes Like |Link to Comment
  • Equity CEFs: Eaton Vance Really Wants You To Own Its Option-Income Funds [View article]
    normeds,

    You are correct to be wary of EXG. It's IPO's price was $20/share. While Douglas reminds you of the distributions, be aware that Eaton Vance has cut the distributions three times since the IPO.
    Dec 1, 2012. 03:55 AM | Likes Like |Link to Comment
  • Equity CEFs: Eaton Vance Really Wants You To Own Its Option-Income Funds [View article]
    "I've been a big proponent of most of the Eaton Vance option-income funds since I began writing on Seeking Alpha in early 2011 and though it took awhile for them to get going, investors who took my advice I believe would say they have been well rewarded."

    I took your advice on EXG and have considerable losses to show for it. I would not say I have NOT been well rewarded.
    Nov 30, 2012. 01:19 AM | Likes Like |Link to Comment
  • Looking Closer At The Closed-End Buy-Write CEFs [View article]
    Paulo,

    I have to agree with GlobalTrekker. I hold a couple of the Eaton Vance funds listed, as well as buy-write funds from other companies. I have held all of these funds for several years, and nearly all of them have performed terribly. Take a look at the IPO price on these funds, as well as the dividend/distribution history. That tells the story.

    I bought these buy-write CEFs thinking exactly what you said - that it is a convenient way to gain income from options without having to write options myself. I bought them mainly because of the purported quality holdings, the discount to NAV, and the high yield. But nearly all my buy-write CEFs lost money on a total return basis (particularly my Eaton Vance funds), with few exceptions. While I still hold a handful of these CEFs, I will not buy any more. I've lost enough money already on these type of funds.
    Jul 1, 2012. 02:02 AM | 2 Likes Like |Link to Comment
  • Research In Motion - It Only Gets Worse [View article]
    BB10 won't be amazing, that's being telegraphed by all the delays. if they do manage to get something out in the first quarter of 2013, which is looking more unlikely all the time, it will likely be sub-par. because, you know, that large volume of code is hard to integrate. if all the best QNX programmers are working on it, as you say they are, then they're terrible programmers.

    the idea that anyone would pay $15/share for RIM is pie-in-the-sky wishing. why would anyone pay more than double the current share price?
    Jun 29, 2012. 01:03 PM | 5 Likes Like |Link to Comment
  • Can Research In Motion Pick Up The Pieces? [View article]
    how compatible are BB7 apps with BBX?
    Jun 28, 2012. 10:48 PM | Likes Like |Link to Comment
  • Research In Motion - It Only Gets Worse [View article]
    RIM's inventory is still around a billion dollars, which means things aren't selling. no one wants their products.
    Jun 28, 2012. 06:07 PM | Likes Like |Link to Comment
  • Can Research In Motion Pick Up The Pieces? [View article]
    oh you're right, all the people that bought in at $150, $100, $75, whatever, just need to adjust their time frame and be longer. that'll fix it.
    Jun 28, 2012. 01:19 PM | 1 Like Like |Link to Comment
  • Too Early To Dub Neonode The 'Apple-Killer' [View article]
    once again, i think you mean 'immolated.'
    Jun 28, 2012. 02:24 AM | Likes Like |Link to Comment
  • Apple Investors Need To Know About Google's Project Glass [View article]
    value to whom? certainly not the end user. there is arguably some value to google, assuming their profit margins are high, but that would certainly cut down their sales.
    Jun 28, 2012. 02:23 AM | Likes Like |Link to Comment
  • Apple Investors Need To Know About Google's Project Glass [View article]
    well, time to own up. today google announced that google glass won't be available until 2013, and then only to developers, not the general public.
    Jun 27, 2012. 06:29 PM | Likes Like |Link to Comment
  • Can Research In Motion Pick Up The Pieces? [View article]
    what's your average purchase price now, jack? below $10.5?
    Jun 26, 2012. 11:29 PM | 2 Likes Like |Link to Comment
  • Research In Motion (RIMM) might hawk its BlackBerry business to Amazon (AMZN) or Facebook (FB); sell or open up its messaging systems to Apple (AAPL) or Google (GOOG); or keep the company whole and sell a large stake to Microsoft (MSFT), Sunday Times says ($$). For now, keep an eye on Q1 earnings this week.  [View news story]
    "And that is why RIM still owns the enterprise market."

    RIM no longer owns the enterprise market.

    http://bit.ly/MSIM11

    45% of traveling businesspeople use iphones, 31% use RIM, 21% use android. RIM is on its way out in enterprise as well.
    Jun 26, 2012. 04:28 PM | 1 Like Like |Link to Comment
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