rickevantodd

rickevantodd
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  • Can We Build A Simple Retiree's Portfolio With Yields Like An Annuity?  [View article]
    FFC is an excellent choice, however, it went from a discount a short time ago to a 6% premium.
    Nov 30, 2015. 06:11 PM | 1 Like Like |Link to Comment
  • Prospect Capital Shareholders: I Have Questions For You  [View article]
    I got another letter and called them proxy firm today. I voted against both issues.
    Nov 30, 2015. 05:56 PM | 8 Likes Like |Link to Comment
  • Income Investors: 2 Ways To Heat Up GE's Frozen Dividend  [View article]
    I like your thinking, however, as a long term holder with a large cap gain, paying the tax, about 32% with NYS, far exceeds the call premium received. This would be a fine strategy if you bought and wrote the same day. Your put strategy is solid, however, I would use a lower strike, while receiving a smaller premium, rather than committing to buy at 30, almost a 52 week high.
    Nov 30, 2015. 05:57 AM | 1 Like Like |Link to Comment
  • Drawing Down Your IRA: What You Can Expect  [View article]
    Good comment to an excellent article. In addition, I looked at the age factor from a permanent gain perspective. I will be 58 in Dec. When eligible, in the 2010 - 2012 time frame I converted 100% of retirement assets to a Roth. At the time, early 50's, I believed that taxes were going up in the future, they did already with probably more to come, and that future decades of investment gains that would not be taxed justified paying the tax upfront. Also, I anticipate never needing to draw down the principal of the account.
    Nov 28, 2015. 04:50 PM | 3 Likes Like |Link to Comment
  • Investing For Retirement: A Different Strategy For The $7 Million Portfolio  [View article]
    Good follow-up to the RS article. It's all about risk tolerance. I believe that bonds are currently the riskiest asset class. In addition to dividend aristocrats I would include Reits, Mtge Reit's, BDC's etc. Only the "best in class". I live in a high cost area in a high tax state and need a minimum of 5% to have enough to live comfortably assuming zero mortgage debt ! If your overhead is 100% covered with passive income than a higher risk portfolio to generate higher income makes more sense to me. My kids inheritance will be subject to the whims of the markets over the next few decades, however, with that much time to grow in value I would bet the future value would exceed the current value.
    Nov 27, 2015. 05:24 PM | 1 Like Like |Link to Comment
  • Q3 Results And Outlook For Vanguard Natural Resources - Bonds Remain The Best Choice  [View article]
    I have no specific idea who would be making the block trades. My basis is in the mid 60"s and Vanguard now shows the bonds trading at around 52.
    Nov 26, 2015. 02:37 PM | Likes Like |Link to Comment
  • Q3 Results And Outlook For Vanguard Natural Resources - Bonds Remain The Best Choice  [View article]
    Excellent article and spot on. All common distributions should cease effective Jan 1 and any excess cash should be used by the Company for bond purchases. The return for the Company is greater than the return from the business ! As upsetting as it would be for the common shareholders, in the end they would have a better quality investment in a stronger company. I am long the 2020 bonds and would buy more if the common distribution were cut effective Jan 1.
    Nov 26, 2015. 09:13 AM | 1 Like Like |Link to Comment
  • VEA: Who Doesn't Like Developed Markets With Low Expense Ratios?  [View article]
    Please expand on your comment as to why you prefer VXUS or VEU and possibly VEA as well. Thank you.
    Nov 26, 2015. 08:50 AM | Likes Like |Link to Comment
  • The Schwab U.S. Dividend Equity ETF Is Better Than Social Security  [View article]
    I think that SS is more like a tax deferred annuity which annuitizes upon retirement and benefits begin being paid. We are all being ripped off by the goverment as the system's fiduciary. Had the same amount of employers and employees SS funds been given to a top insurance company for an entire working career I believe the lifetime payments would probably be triple what our government fiduciary will return to us commencing at 65 !
    Nov 26, 2015. 08:39 AM | 6 Likes Like |Link to Comment
  • Would A Buyback Program Help Ford's Stock?  [View article]
    Very good article. I eyeballed the cash flow tables you provided and it appears that the issue is that you have 2 businesses in one table. I understand that it is ine company. Ford should consider turning the finance arm into a free standing publc company, they probably have. GM seems to be doing fine without theirs. Some permanent capital from newco shareholders could be what's needed.
    Nov 26, 2015. 06:57 AM | 1 Like Like |Link to Comment
  • 3M: A Time For Caution  [View article]
    Overall good article, however, I can't a Company of the calibre as MMM suddenly being subject to a 40% compression in its P/E.
    Nov 26, 2015. 06:03 AM | Likes Like |Link to Comment
  • International Flavors: A 20% Dividend Growth Stock Flying Under The Radar  [View article]
    This is an excellent and well written article.
    Nov 22, 2015. 08:15 AM | 3 Likes Like |Link to Comment
  • UAW ratifies contract with GM, but pact with Ford a tougher nut to crack  [View news story]
    Thanks for the clarification.
    Nov 21, 2015. 07:09 AM | 1 Like Like |Link to Comment
  • Philip Morris International: Not All Dividends Are Created Equally  [View article]
    Good article and comments. Everyone is partially correct. If 90% of your current cash flow funds the dividend than increases going forward should match the growth rate of business profitability. The massive debt built up, for prior share buy-backs is over for now. With the Fx trajectory going forward, a stronger dollar, times will be tougher. The euro has dropped from 1.40 to 1.07 in less than 2 years. It is a testament to the strenth of the tobacco business and management that it is where it is. All the low hanging fruit has been picked, for now. Long PM.
    Nov 21, 2015. 06:40 AM | 1 Like Like |Link to Comment
  • UAW ratifies contract with GM, but pact with Ford a tougher nut to crack  [View news story]
    To above commenters, fortunately I have never dealt with or been part of a union, can anyone tell me if the $50 - $60 hourly rate mentioned above is salary only or inclusive of benefits ? Regardless of the answer, if these jobs only require training ranging from 2 days up to one week to qualify for the position than these employees should pray for the success of their employer !
    Nov 21, 2015. 05:51 AM | 1 Like Like |Link to Comment
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