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Starbuxinvestor

Starbuxinvestor
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  • IMF Has Plans To Impose 10% Tax On Deposits [View instapost]
    Since when does the IMF have taxing authority anywhere. Is the headline accurate?
    Oct 11 04:19 PM | 1 Like Like |Link to Comment
  • MLP Closed End Funds: Attractive For Yield Oriented Investors [View article]
    Maybe I am being dense but the 6% return is after fees isn't it, not to mention MLPs can have nice capital appreciation. As for results I bought FEN in late 2008 in the mid 13s today trading over 33 (8/7/2013), has been as high as 36+, plus I think I have received somewhere be $9-$10 in distributions including the $0.52 I received for last quarter. Obviously you can't assume you would get the same results buying now or in the future but for me it has been a very solid investment.
    Aug 7 10:34 AM | Likes Like |Link to Comment
  • MLP Closed End Funds: Attractive For Yield Oriented Investors [View article]
    I bought FEN late in 2008. It has been one of the best investments I have personally ever made.
    Aug 6 09:21 AM | Likes Like |Link to Comment
  • Danger Zone For This Week: 'Passive' Investors [View article]
    Point of indexing is diversification and gnerally lower costs. If that can be replicated for the S&P 500 through only holding 125 stocks fine. The key is which benchmark is your bogey and how well does the fund replicate that benchmark. Personally I think anyone who thinks that a fund holding over say 60 stocks is actively managed from any aspect other than cost is probably kidding themselves. Without concentrated holdings any fund active or not is likely to fall in line with slightly below market performance.
    Jun 13 09:49 AM | Likes Like |Link to Comment
  • Danger Zone For This Week: 'Passive' Investors [View article]
    The basic question is not what they hold but how well do they mirror the indexes they are designed to represent. I must say I found this interesting because I am sure if you look hard enough you can find an article that tells you any active non-sector fund that holds over 30 or 40 stocks is actually a closet indexer.
    Jun 12 05:26 PM | Likes Like |Link to Comment
  • American Capital Agency Corp.'s Earnings Disaster - A Warning Of Things To Come? [View article]
    How have those mREITS done since you sold them in 2008? People want to know the rest of the story.
    May 5 10:30 AM | Likes Like |Link to Comment
  • American Capital Agency Corp.'s Earnings Disaster - A Warning Of Things To Come? [View article]
    Anyone see the Wells Fargo note on AGNC?
    May 3 09:51 AM | Likes Like |Link to Comment
  • Managed MLP Portfolios Mostly Fail To Outperform MLP Index, Or Are Unproven [View article]
    I bought FEN @ $13.35 on 11/17/2008. Today it is $35.04 plus quarterly dividends that have increased from about $0.46 to $0.51. I wish I had put every penny I had in FEN back then but it has been a nice ride for the money that I did invest.
    Mar 6 09:50 AM | Likes Like |Link to Comment
  • "Rates go down you get killed, rates go up you get killed," says hedge fund manager Brad Golding, summing up the situation for mortgage REITs. The days of double-digit yields are over - at least at Annaly (NLY) - where new co-CEO Wellington Denahan-Norris calls it "fantasy" to think the company can just jack up leverage to replicate the returns of the past. [View news story]
    Return percentage is a function of price. But I must say I like to hear NLY is not panicing and will slow play things.
    Oct 16 11:07 AM | 2 Likes Like |Link to Comment
  • "Our goose is cooked," writes a mortgage trader, imagining a conversation at the trading desk of a pure GSE mREIT like Annaly (NLY). With MBS prices bid to all-time highs (thank you Fed) and refinances on the way up, mREITs face an ugly combination of lower yields and higher prepays. One solution: Unload their MBS at these high prices - tell the staff to take a long vacation - and wait for Bernanke to exit. [View news story]
    Hmmm....I wonder if there could be any more negative news or panicked selling than we are currently seeing last few days?
    Oct 10 04:26 PM | 6 Likes Like |Link to Comment
  • Annaly: Reversal Of Fortune [View article]
    Do you have a target price where you would buy NLY or ANGC after the sell off? I bought some AGNC yesterday during the selloff. Apparently too soon but with short term rates low through 2015 seems there must be a price where these companies still throw off good income.
    Oct 10 10:27 AM | Likes Like |Link to Comment
  • Don't Buy Chesapeake Granite Wash Trust At $20 [View article]
    Possible occurances:

    Exports to Europe
    EPA restricting new drilling
    Expanded use of nat gas as surface fuel
    Sep 25 12:25 PM | Likes Like |Link to Comment
  • Waiting For Market Direction [View article]
    Personally I have definitely developed an interest recently in both FEX and VGK. And their 4+% yeilds don't hurt. If this is or near the Europe bottom then these guys are worth a look to me.
    Jul 18 12:26 PM | Likes Like |Link to Comment
  • How We Locked 10% On Annaly [View article]
    How's your NLY short working out for you? Did you manage to short right at the bottom and pay a dividend to boot while doing it?
    Jul 9 09:30 AM | 2 Likes Like |Link to Comment
  • Annaly: REIT Panic Ahead [View article]
    This article seems like yet another sign that mREITs aren't overbought.
    May 14 09:09 PM | Likes Like |Link to Comment
COMMENTS STATS
65 Comments
56 Likes