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kennethfine

kennethfine
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  • Sifting The World [View instapost]
    One other point. I didn't/don't see anything wrong with someone trying to move markets by publicly articulating an investment thesis and publicizing a company's work. Presumably that's why many highly-educated and already quite wealthy folk write for Seeking Alpha. Again, my apologies if it seemed like I was suggesting anything untoward about Chris or his work. I was simply speculating aloud, and probably incorrectly.
    Mar 24, 2015. 06:12 PM | 2 Likes Like |Link to Comment
  • Sifting The World [View instapost]
    My apologies if warranted. No insult whatsoever was intended, and I did not mean to suggest anything untoward. My original question was genuine. $1000 year is enough that it would seem that one could make "real money" off of a large subscriber base, and I did not understand why he would give the service away to those most able to pay for it.

    I am an enthusiastic follower and reader of Mr. DeMuth's work. I am also an accredited investor and I am interested in both his fund and his service.
    Mar 24, 2015. 05:58 PM | 5 Likes Like |Link to Comment
  • Sifting The World [View instapost]
    I am interested. By "qualified investor" do you mean someone who meets the SEC test of "qualified/accredited investor," (http://bit.ly/1HyHO4o) or do you mean something else?

    I am a little puzzled why someone meeting the SEC test would effectively get your service free. Or perhaps you are hoping their investment dollars move markets in a favorable direction for your fund and clients?
    Mar 24, 2015. 04:56 PM | 3 Likes Like |Link to Comment
  • American Capital Agency Corporation And One Other Stock Can Fund My Retirement [View article]
    I think it might be prudent to diversify a bit -- you can't control for all the black swans that might float by. But I respect your choices and your due diligence. And for what it's worth, I own both AGNC and MTGE, and have made a lot of money on both. Best of luck with your plan, and I hope you enjoy a prosperous retirement.
    Mar 5, 2015. 01:37 PM | 1 Like Like |Link to Comment
  • American Capital Agency Corporation And One Other Stock Can Fund My Retirement [View article]
    Why not try to find some more stocks that you have the greatest confidence in? Surely there are more than two or three companies in the world capable of AGNC's relatively modest return. It might be fun, get out a little bit, expand your horizon, meet some new companies.

    The most interesting part of this article for me will be if you can justify why keeping only a few relatively low-yielding securities makes sense for your situation. I have an open mind.
    Mar 4, 2015. 01:44 PM | 4 Likes Like |Link to Comment
  • American Capital Agency Corporation And One Other Stock Can Fund My Retirement [View article]
    An honest question for the author: is this article title click-bait? It's OK to fess up if your goal is to fund your retirement 1,000 pageviews at a time. I notice your use of the word "can" -- a hypothetical -- rather than "will."

    If you actually have the majority of your retirement portfolio in two income stocks, it seems like insanity. This isn't even a case like owning MSFT circa 1986 or AAPL after Jobs' return, where you have semi-legitimate reasons to believe your nest egg might grow substantially with a once-in-a-generation pick. The upside here is limited. There are a great many mReits, REITS, BDCs, and other stocks that offer comparable yield. Why wouldn't you spread your risk to some of these other companies?

    I have about 4% of our retirement portfolio in AGNC, and I've been thinking even that may be too much.
    Mar 4, 2015. 11:59 AM | 4 Likes Like |Link to Comment
  • Will The Federal Gasoline Tax Increase In 2015? [View instapost]
    ..."The World Bank estimates some 30% of infrastructure spending disappears (to Switzerland, KTVs .... "

    KTVs, ha ha. Thanks much for an interesting post and a hearty morning laugh.
    Feb 16, 2015. 10:41 AM | Likes Like |Link to Comment
  • Will The Federal Gasoline Tax Increase In 2015? [View instapost]
    Many people -- liberal and conservative -- would support taxation whose proceeds *directly* supported improved transportation infrastructure. The ten-trillion dollar question is how you keep that money from becoming victim to "corruption in plain sight" -- the redirection of that money to unnecessary hiring, excessively priced contracting, and gold-plated retirement plans. If my gas taxes are going up to improve roads and rail, I want to see that money translated into valuable public infrastructure, not spread around in elaborate income redistribution. Funding is fungible. Honest question: how exactly can we design a tax increase that keeps our politicians honest, and directs increased tax revenues appropriately?

    Something needs to be done. I've visited China many times in the past few years, and it is striking how far they're pulling ahead of us in short, medium, and long-range transportation infrastructure.
    Feb 16, 2015. 12:07 AM | 3 Likes Like |Link to Comment
  • Now Is The Time To Accumulate Prospect Capital [View article]
    Honest question time. PSEC's unhappy longs continually bring up the issue of "excessive" management compensation in the face of declining share price. Does anyone care to break down what PSEC's management pays itself, and how that compares to comparable BDCs?

    I don't have an issue with PSEC's management paying itself. I don't even have an issue with managers paying themselves when they've had a bad year. I would have an issue if their compensation is wildly out of sorts with comparable companies. It would be nice if someone quantified and contextualized this.
    Feb 13, 2015. 08:42 PM | 9 Likes Like |Link to Comment
  • Can Long Run Exploration Sustain Its 30% Dividend Yield? [View article]
    Thanks Christopher. Can you tell me how one typically invests in the kinds of foreign-issued convertible debentures you're describing? Would you open an account with a broker that trades on TSE, or can an American broker (e.g. Scottrade, Merrill, etc.) sell you these products?
    Feb 10, 2015. 06:39 PM | 1 Like Like |Link to Comment
  • There Are Few Bargains In Tax-Free Income... Here's 3 [View article]
    Thanks for the article, Left Banker. You're a resident of California. Do you have a top pick (or picks) right now for a CEF that's also exempt from California income taxes? (Ideally something AMT-limited or AMT-free?)

    I've done very well with NKX, but recently its discount to NAV has compressed somewhat. Wondering if you have ideas for other good choices.
    Feb 3, 2015. 11:03 AM | 1 Like Like |Link to Comment
  • Update: Seadrill's Partner Rosneft Will Postpone Drilling Of Several Arctic Projects [View article]
    bigrandy1958: I can't help but wonder if your emotions are playing a trick on you: you are thinking, perhaps unconsciously, that because you lost a ton on SDRL, you must somehow make up that loss via the same mechanism (through some investment involving SDRL.) A common variant of this mistake/mental illusion is to believe that because you suffered a huge loss in SDRL, that money is floating somewhere out there in the ether, just waiting to be re-made. If only the world worked this way.

    I should hasten to add that I am long SDRL post-crash, that I added a lot as it hit its 52-week low, and that I would like to believe there's a path upward from here. I guess my question to you would be why not invest in any of a number of other equities that are also suffering from comically low valuations: XIN, or LSTMF, or PWE, or MEMP. Or so long as you're speculating, why not a biotech: CTSO/CTSOD will return at least 100 times if they actually really truly have a reliable mechanism of controlling sepsis and septic shock. I'm not actually suggesting you invest in any of these securities, but it might be useful to think hard about "why" or "why not" might apply for each of these cases. One wise saying is that you don't have to make your money back the same way you lost it. Ask yourself if you've fallen into a trap of believing that "the dice have memory" and if you are over-committing to just one mode of salvation. There are lots of ways to make money in the markets. Have you chosen the best one?
    Dec 23, 2014. 03:44 AM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    no offense or slight was intended, Mike. Your portfolio looks great and I believe it will be very successful. I was just suggesting, perhaps much too flippantly, that someone who has $31,000 to run an experiment in this way probably has enough money on top of that to qualify for free equity trades. Returning to the BoA/Merrill Lynch suggestion that I offered in my earlier post, you would only require another $19,000 in savings on top of your $31,000 portfolio to qualify for 30 free trades a month ($50,000 average combined balance across all accounts is the minimum.) A $100,000 average combined balance will get you 100 free trades a month. See this chart here for the breakdown: http://bit.ly/1wQblms
    Dec 18, 2014. 02:46 PM | 1 Like Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    If one has $31,000 to throw around for an "experiment" of this sort, one is probably not paying any commissions or account maintenance at all. Commissions will become a thing of the past for most investors in the not-distant future.

    we are not old-money rich nor old, but we get 100 free trades a month. It is hard to use these up: that's 1200 free trades a year. we use it to "drip" our dividends and MLP distributions.

    Have a look at Bank of America's "platinum" and "platinum plus" programs. They will combine the value of all of your accounts in evaluating your eligibility for freebies: checking, savings, iras, Roths, and taxable stock accounts are all considered. Not so difficult to attain their minimums for couples and/or middle-aged folks with some savings.

    Dec 18, 2014. 02:16 AM | 10 Likes Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    Has anyone put together a careful analysis of where the company will be in terms of its solvency if a) oil prices remain "pretty bad", b) NADL takes advantage of what non-dilutive options it has available (e.g. suspending the dividend?), and c) NADL honors its existing contracts and commitments?
    Nov 21, 2014. 09:21 AM | Likes Like |Link to Comment
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190 Comments
214 Likes