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  • Developments In China Explain The End Of Gold's Rise [View article]
    I personal don't think gold prices have anything to do with consumption, not a matter of supply and demand, there is plenty of gold to go around, for shoppers and central banks. It is just same old fashion speculation, not so much the little guys, but big boys playing poker, they move the market well timed with emotion. That is what they do, not evil, not wrong, but that is just what they do. Everyone else are just passengers going along for the ride.
    Feb 1 01:52 PM | 2 Likes Like |Link to Comment
  • Developments In China Explain The End Of Gold's Rise [View article]
    There are always 2 sides to every story, we in this country always cry about how much we pay to buy oil from outside, but when in Eu on business, the Europeans thought we are really tricky, they think we buy up all the oil outside, while hoarding the oil in the U.S., oil will not run out as we all know now, but oil will always worth more than money. And in money we print and print. At first, it sounded crazy to me, but if you think about it, they are right. China is just doing what we have been doing for decades, they buy assets, gold, mines, oil, whatever they can get their hands on. The alternative is all T-Bills, which would you buy if you got a trillion dollars in your pocket? T-Bills (paper) or hard assets, copper, gold, iron, oil, etc..?

    Back to my 6 pounds of gold, I weighted them couple years ago when changing safe. So what they increased in value? what does it do for me? nothing. what went up must come down, gold prices went thru many cycles while my gold sits in a bank box waiting for doomsday. For that purpose, it does serve its purpose. I am a very happy guy in a very happy world, but I want to be ready if and when it gets extremely unhappy.

    Tampat is right, what happen if I cannot get to my bank safe? zombies and vampires running loose in my town. My son and I discussed logistic of the movie scene where Jason Bourne kept his gun in a Swiss bank safe, no good for us if it is in a bank safe. This is deep, I need to think about it.
    Jan 30 09:46 PM | Likes Like |Link to Comment
  • Developments In China Explain The End Of Gold's Rise [View article]
    Gold is useless to an average investor, it does nothing, no dividend and you need to pay safe deposit box rent to store them. I have 6 pounds of gold in my safe deposit box, which I visit once every 2-3 years like visiting someone in prison. I accumulated them thru the years regardless of the prices, but not at current years' prices. They are there just in case crazy Al Gore's right, sky falls or whatever, or if I ever need to buy my way out of a jam, which luckily never happened. As an investor, I need my money to work for me, no money or children of mine should sit around do nothing, which is what gold does, it does nothing, it is lazy and stupid. You can't sell it because the whole point is for sky falling, Russian or alien invation or depression or whatever protection. 6 Ibs sounds like a lot, but not really, if you calculate it, it is not enough to buy a house or use it in anyway to generate investment or income or anything, you cannot even look at it, because it sits a dark box in a bank. Think of the dividend lost on that.
    Jan 30 05:54 PM | 2 Likes Like |Link to Comment
  • 6 REITs For Monthly Income [View article]
    ARR paid me $880 dividends today, as every month at this time, I am happy. Dividend is cash in the pocket.
    Jan 30 02:09 PM | 2 Likes Like |Link to Comment
  • Alpine Funds: Skiing Down Another Cliff 31 Months Later [View article]
    I read here on seekingalpha that all insist you should not buy above NAV, I disagree. Just like Mercedes will always sell at triple prices, or $10,000 for an ugly purse, take away the fancy brand, it is just a car and bag; as long as people willing to pay premium, NAV is just a guide.

    I have had PCN, RCS etc.. for many years, thru thick and thin, bought when I have extra cash accumulated, sold when I needed cash to buy something else, house or whatever. They are always at a premium to NAV. My Quicken shows PCN with $14K div and $4K in realized gains, RCS with $10K in div and $10K in gains. No timing, no watching, just parking lots for my money for many years. Very stable price ranges for many of them.

    Actually sometimes NAV+ premium is a sign of good fund. NAV- deep discount is a dollar store flee market. Also the terms high yield JUNK fund is not a bad thing, most have been very solid.

    I had losers, BQR, BCF, so what? win most, lose a few.
    Jan 29 12:22 PM | Likes Like |Link to Comment
  • Alpine Funds: Skiing Down Another Cliff 31 Months Later [View article]
    AOD and AGD most likely are no good as the article states, but you cannot lump all high yield CEFs as losers, most have very steady prices moving within a narrow price range, i.e., they do not increase in stock price much, do not expect capital gains, but most have stable dividends, I have had several PIMCO and MFS funds since 2003, even through the 2008 deep reccession, most hi-yield CEFs did not cut dividends.

    Be patient, after years, div added up hundreds of thousands of dollars. Div is cash, real money in the pocket, vs. elusive mirage of unrealized capital gains. I've seen my $200,000 capital gain turned into minus $150,000 within few short months during market dip, I was too busy at work to look at portfolios, did not even know it. That does not happen with dividends, they paid you already, it is in your pocket, no one can take it away.

    I have a real job, I cannot and do not watch the market, I often do not know what happend to my portfolios until few months later. Most high yield CEFs are stable with no management needed by me. Since their prices do not move much, there is no need to follow their prices. I started with 6%-8% div CEFs since 2002-2003, over 10 years of experience, they are for real. Once it is over 8% or over 10%, it is worrisome, but I take them too, it is all a gamble, win most, lose few. You cannot win them all.
    Jan 28 02:54 AM | Likes Like |Link to Comment
  • 13.71% Dividend Payer Armour Residential REIT's Charter Change Should Help It Succeed [View article]
    I have 11,000 shares of ARR, that is $880 a month of real cash, as the duck says in the Aflec commercial, cash is real money, vs. unrealized gains which can disappear in a few minutes. Damn the torpedoes, if it drops, I'll buy more. Dividend is the best armor against price drop, as time goes on, div accumulates to a point to become impenetrable armor. I use time tested MTD method, Monkey Throw Darts, spread the money out in 2-3 dozen high yield ETFs, expecting some dead cats, but overall wins. I gave up trying to make money on stocks, I chase dividends.

    Don't talk to me about safety, like masses of retail investors, I had my share of safe GE, MSFT, C, BAC, you name it, we got them worth half what we paid 12 years ago. First stock I bought was Pan Am, as safe as it can be, where did it go? High yield it must be because most of us stupid retail investors got burned and still holding 50%-70% cash, so whatever I invest must work double hard, 13% is actually 6.5%, because the other half of the pot is making 0.01% in Schwab, just in case the sky falls as Al Gore predicted, afterall, he invented the internet.
    Jan 25 05:03 AM | 3 Likes Like |Link to Comment
  • Alpine Funds: Skiing Down Another Cliff 31 Months Later [View article]
    I bought AOD and AGD on Tuesday at dropped prices, now I know these are not good places, but since I am in the bar, I might as well have a few drinks and remember to get out after a few months. Get the 8% div while they last. Safe, no, but what is safe? I still have GE paid $55 in year 2000 now $22, MSFT paid $41 (2000) now $27, not to mention BAC, C, AIG etc... I was a good boy and honorable citizen buying safe life long investment, what did I get? not even any respectable dividend.

    Div is cash, in general best protecion against price drops, win most, lost few, overall good. After 30 years of investing, I know I am not good at it, but I still need to park money, div chasing in many ETFs gives me little capital gain, but made $100,000s in div. which is real cash in the pocket.

    If I have to get that 8% in sleezy bars like AOD and AGD, so be it.
    Jan 24 06:29 PM | Likes Like |Link to Comment
  • Alpine Funds: Skiing Down Another Cliff 31 Months Later [View article]
    What do you mean by "A Charge" every month?
    Jan 23 06:41 PM | Likes Like |Link to Comment
  • Alpine Funds: Skiing Down Another Cliff 31 Months Later [View article]
    Thanks for the very good info, I was not able to find much info on these 2. I put in market orders to buy AOD and AGD during the weekend for the first time, surprised to see prices bought on Tuesday were much lower than expected, and then read the 50% cut in dividends. I was just lucky by one day/weekend. Looks like these should not stay in my portfolio for long. Assuming they don't cut dividends monthly, maybe I'll get a few months of dividends and exit soon. Or sell now when I have a trivia gain, just i case I forget since I rarely look at my investments.
    Jan 23 04:08 PM | Likes Like |Link to Comment
  • PIMCO Closed-End Funds On Sale At Lowest Premiums To NAV In A Year [View article]
    I have had RCS since Feb 2003, generally 3,000 shares, purely held for dividend, no expectation for capital gains, made 3 round trips, bought and sold 3,000 shares, held for 1-2-3 years long each time. Part of a basket of many high yield CEFs I have. I spent no more than 5 minutes studying it, never look at it when I have it, had no idea about NAV, premium or what it does, still don't know what it is. Yield % & Pimco, 2 deciding factors. No timing and no trading, I bought when I have extra cash, I sold when I need cash.

    It has been very stable in a narrow price range, $11.85 in 2003, $9.86 in 2008 (very small drop when all else dropped like lead), $10-$11.90 in 2010-2012. Boring and stable.

    I made $10,290 in dividends, $9,979 in capital gains. Basically $20,000 gains on $30,000 in 10 years, off and on. Not very exciting, but very good free range investment.
    Jan 22 01:06 AM | Likes Like |Link to Comment
  • Build An Intelligent REIT Portfolio Without Mortgage REIT Risk [View article]
    "On average, a $1,000 investment in all Equity REITs in the beginning of 2012 would have returned a total of $1,970 while the same amount invested in all Mortgage REITs would have returned $1,989."

    Since when a 100% returns in one year is bad? don't invest because it has risks? does this kid know what investment is all about? where and how did he get this "Uncle Mentor" get the $1,989 number?

    I am 60 years old, invested for 30 years, not very good at it, but you got to be really good or worth $100 milion to call yourself my "Uncle" or "Mentor". Investment advisors are a dime a dozen, most are bad ones, not to mention those insurance agents pretend to be advisors. Worst ones are those smart kids who have not seen enough cycles and think they are smart. I have seen many. Don't let the title, complicated numbers and charts fool you, they all got them, even insurance agent fake investment advisors got them, King's new cloth.
    Jan 21 07:39 PM | 1 Like Like |Link to Comment
  • Build An Intelligent REIT Portfolio Without Mortgage REIT Risk [View article]
    Since all the "experts" and "Smart People" like this gentleman are against mREITS, why do prices of mREITs still go up? and down? such as ARR. If he is so right and 99% of smart people agree with him, and all the numbers and % are right, you'd think price of mREITs will drop like a lead ballon and never come up, but they do. They go and up down just like everything else. If this gentleman is influential, every time he speaks is best time to buy mREITs. But I don't see any effect on prices.

    Thanks for the article, but it seems arrogant to call yourself an "Uncle" mentor, thereby putting yourself in the same league as the true Masters, yet I do not see any body of evidence, works, $50 billion of wealth to support your claim of "Mentor" to the masses. Is it a bit premature? by several decades, few more good books and $49.99 billion dollars?
    Jan 21 06:33 PM | 2 Likes Like |Link to Comment
  • The Selling In PIMCO's High Income Fund Continues [View article]
    I bought PHK Aug 2010, added more twice a year at DEC/JAN and mid year, not knowing anything about NAV or ROC or short or put or whatever, also same times each year adding to couple dozen high yield CEFs, I don't look at my investments during the year, just need something to park money until when I need it; I sold most of the holdings end of 2Q 2012 for real estate purchase, PHK was actually at a lower point, bad timing but not by choice. Just started to the adding phase again. I am sure PHK went up and down many times during the 2 years and it went up after I sold. Despite of the "bad timing", I received $6,700 of dividends, lost $1,200 in selling PHK, net gain of $5,500.

    Why buy PHK? PIMCO, Bill Gross and div %, that's it. If all these talk about NAV + high premium, sure to crash, ROC, stupid retail investor, etc. is true, how come I did okay? Not luck, it went up and down and my timing was not good.

    This dumb and dumber approach yields similar result across the board, made or lost some money in sales, but one thing is certain and solid, the dividends I received monthly, I am a small time investor, I received $200K dividends in 3 years, thus minor losses and gains in sales are irrelevant. For protection, you sure will laugh at this, I buy as many high yield CEFs as I can find, spread in about 2 dozen, with some vague ideas of what each CEF does, most went up, some went down. If there is any complain, it'd be the work it takes to enter several dozen dividends into Quicken monthly.

    I read all the posts and eager to learn, first I am impressed how smart these people are, but it got to a point I realized all these NAV, ROC and facts are simply too complicated for me, I don't have the time, not capable and I don't want to do that. The dividends I get is the best protection High yield CEFs offer for a retail investor who does not follow his investment, dividends is real cash, real money in my pocket, not potential gain.

    So, I wonder, all these smart people spend so much time studying all the tiny details, they must be making a lot more profit? right? millions of dollars a year? if not, why all the work? Benefits equal the labor investment, plus substantial more brain power, you got to be making millions, if not, what’s wrong? Or is it just hot air? Just theories?

    For every smart guy here, there are 10,000 dumb retail investors like me, and I am just wondering out loud.
    Jan 20 02:22 AM | Likes Like |Link to Comment
  • Junk Bond Millionaire [View article]
    I invest in junk for safety and income. My portfolios contain mostly high yield CEFs, during the worst of 2008 crisis, the value drop was 26%, ditto for varies accts holding different high yield CEFs, that 26% drop is far better than stocks. By early to mid 2011, all came back to original high positions, dropped during 2nd half 2011 Euro crisis, but again returned to top by now, the same has repeated many times in 10 years. The best part is all funds continue to pay dividends nonstop through the worst of time. You are correct, they have produced well over $1 million in income through the years.

    The down side is they don't go up much through the years, so there is no wild get-rich prospect, and they are very boring portfolios to look at with no household names, when it comes time to talk investment, I have nothing to say, "smart kids" laugh at what I have to say, "old guys" think I am crazy to consider junk as safety.

    I have no idea what is a put or how to short a stock, I do not have the attention span to read thru too much facts and details about investment, I manage portfolios mainly once or twice a year, mostly at X'mas when I am not at work and with nothing to do, I don't withdraw a penny, i.e., All I want is an investment I don't have to do anything that does not lose money, I am a perfect potential client for Bernie Madoff. But I actually (or accidentally) made over $1 million.
    Feb 2 01:32 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
139 Comments
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