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  • Equity CEFs: The Insanity Of CEF Investors - Part II [View article]
    Thank you for a great explanation of CEF value. As an investor with a degree from SA :) you can imagine my lack of knowledge of CEFs. My KISS ability told my underinformed brain...if NAV is the number which tells me the actual value and the Price is higher - that should mean it's okay to buy this CutieEF....
    Voila! today I see an article from a CEF guru who basically confirms that simple deductions are often right.
    I'm really happy with the CutieEFs I added over the past year or so ---
    Thank you again for your sharing your knowledge in a way someone with a simple SA degree in finance could understand :)
    Apr 15, 2015. 02:14 PM | Likes Like |Link to Comment
  • REITs: The 90% Rule Isn't That Big A Deal [View article]
    RGB - this is probably a good place to add my applause to rosenose' comment...first you clarify CEFs in an article (after which I became a follower :) and now great info on REITS.
    You are a valuable part of SA...Many thanks.
    Apr 11, 2015. 01:58 PM | 1 Like Like |Link to Comment
  • Why Is It So Difficult To Keep Investing Simple? [View article]
    Mike -"Of course, I can turn right around and invest the RMDs right back into DGI-type stocks!"
    Yes -- or you can simply transfer the DGI stock from your TIRA to your brokerage (no sale) and pay the tax on it from your ready cash
    or --
    Sell all or part of a growth stock while it's in the TIRA so you don't pay Cap Gains (assuming the sum is less than you need to withdraw), then transfer the cash into a ROTH (or brokerage if ROTH is not feasible) for reinvestment.

    I just converted KRFT out of my TIRA and into my ROTH anticipating that the $16.50 per share coming this year is not money I want in a TIRA where it will incur taxes when I eventually must withdraw it. Also, no sense in letting KRFT grow (after the Buffett move) in a TIRA.

    I've learned so much from reading comments on SA -- I would never have been aware of anything like this until I saw my accountant for taxes and learned I owed whatever - for huh! - because why? - Oh - okay. And, then Miss Dummy would be so confused she'd just go shopping and feel better :0
    Apr 9, 2015. 01:29 PM | 4 Likes Like |Link to Comment
  • Why Is It So Difficult To Keep Investing Simple? [View article]
    RS -- thanks to authors like you on SA, I'm able to manage my retirement by adding DGI to my SS and Pension. I could never have done this on my own so I am also thanking you for all the newcomers who will eventually find you on this site.

    The great divide between people at the very top of the food chain and those of us somewhere just above the bottom makes the information given freely here on SA more important than ever.

    I truly hope SA does not intend to make this a fee based site. The internet thrives - as does FB because it is open and free. While I don't write articles, after a few months reading them, I realized I had learned a lot and it was important to begin contributing comments on that knowledge and sharing how I'd managed to create a successful portfolio -- sharing is its own reward.

    Comments from readers have been essential to my Investment growth -- whether I follow them or not, they help me think! and understand all possible wrinkles so I can come to my own conclusions.

    Thank you for your thoughtful and intelligent contributions to SA.
    Apr 4, 2015. 06:43 PM | 24 Likes Like |Link to Comment
  • The Bear Claws My Dividend Growth Portfolio - Will I Cut And Run? [View article]
    Finan Dave -- "The difference is actually quite large, mainly in the "risk" you are taking by setting up all these auto-withdrawals from each company."

    AGREE....also if there is a bill dispute why give them your money via auto withdrawal then try to get it returned.
    I learned my lesson from Time Warner Cable bills, LA Times, and others --Now I pay them Online when I choose to do so and in the amount I select.

    The only auto pay I have is for my Health Insurance -- it is to my benefit because I get a discount from the Insurance company for doing it that way and ensures I will never forget to pay it.

    All other bills I pay Online. No stamps. Easy.
    Apr 4, 2015. 02:10 PM | 1 Like Like |Link to Comment
  • Income Investing Strategy: Are You A Closet Market Timer? [View article]
    Div Sleuth re: "I'm working in a second career..."
    So when were you cast as Tevye? :)... THAT's a fun can read SA in the AM and sing on stage at night :)
    Apr 3, 2015. 01:45 PM | Likes Like |Link to Comment
  • CEFs Versus Actively Managed ETFs [View article]
    THANK YOU for providing a terrific course to add to my financial education here at SA. In three years I've learned how to create a portfolio that provides nearly 5% income and is up over 25% .

    This CEF explanation gives me the courage and information to move forward adding more of these assets to my mix that currently includes REITS, ETFS, MUTUALS, MLPS, UTES and of course Stocks. Only 3 CEFs but as I have recently sold some mutuals this article helps me make decisions for a new way to gather income (semi-retired- income is the focus).
    Apr 2, 2015. 01:59 PM | Likes Like |Link to Comment
  • Is Buying A Tax-Managed CEF Worth It? [View article]
    RB - I just became a follower -- So happy to have found your articles since I've just begun trying to expand my investments in CEFs.
    My first was MVT (wanted muni - in taxable account) -- can't remember how I got to that one but it has been fine and I do like Blackrock. In fact I'm currently considering adding BAF because it has mostly A, AA rated munis and the dividend is good. If you have any thoughts on that I'd appreciate it.

    The timing of this article is perfect because I was looking at tax-advantaged cefs today and you (and commentators) have given me some great EV examples to investigate.

    I was interested in EOS because it covers tech stocks (Apple, Google, Amazon, FB) and I have no current investment in those companies. It seemed like a good way to dip in without a big commitment in a sector that I had a bad experience with during the days.

    The other cefs I hold are BME (Health sector - because it covers an area I usually avoid- meaning drug companies) and TPZ - got it for the dividend - since inception it has never gone down and this month increased 9+%.

    Again, thank you for the clarity. I look forward to your next article.
    Apr 1, 2015. 10:21 PM | 1 Like Like |Link to Comment
  • Income Investing Strategy: Are You A Closet Market Timer? [View article]
    NV - it is fast if you set up beforehand -- in other words link your other money market to your brokerage account before you need it
    -- they do that thing of sending 2 mock credits to see that it goes thru then they debit the test pennies back to themselves.
    Apr 1, 2015. 09:44 PM | 1 Like Like |Link to Comment
  • Evaluating Risks, Opportunities, And Performance Of Stocks With Foreign Currency Exposure [View article]
    Er -- I really appreciate the time you took to explain this. It is a tremendous help. I've taken the "long view" over the years because the dividend - even when down -- was acceptable. My concern is that other investors will pull out and decrease the price before I have a chance to sell. At a current dividend of roughly 2% the reason for holding has diminished - along with my resolve to hold.
    Thank you for helping me clarify my thoughts so I could make a decision.
    Apr 1, 2015. 01:20 PM | Likes Like |Link to Comment
  • Evaluating Risks, Opportunities, And Performance Of Stocks With Foreign Currency Exposure [View article]
    Admittedly, my eyes glaze over when I try to understand foreign currency and how it affects dividends.
    However, this month a fund I had since 2008 (thru Merrill L) showed the first severe drop in its monthly dividend since I bought it -- nearly <45%....
    I called LSBDX directly to ask what happened and they explained that it all had to do with foreign currency. I wrote out all the percentages but cannot find my notes at the moment -- Basically she said it was due to the rate drop in Canada, New Zealand, Australia and a few other countries
    Yes, she received many calls the past two days from concerned investors. The "managers are working on it" - HA! I bet they are. The next dividend amount will be announced on April 23 - payable April 24th.
    Needless to say I will watch closely and I can hear the exit door being pushed off its hinges by many concerned retirees.
    BTW - I know the bonds are mainly considered "junk" but this fund has historically been exceptionally well managed so when I left Merrill I kept it. Next month a decision will have to be made.
    I'd appreciate any guidance/information you may have.
    Mar 31, 2015. 10:18 PM | 1 Like Like |Link to Comment
  • Income Investing Strategy: Are You A Closet Market Timer? [View article]
    NV Gary - No Margin Fees because when I have a limit order I check every day or at least every other day to see if it executed. Also Vanguard says they will call to alert me before selling anything to cover the cost (this hasn't been necessary).

    Aft Vgd it takes 3 days before it all goes thru (settlement date after executed) so that gives me plenty of time to transfer over the cash.
    Mar 31, 2015. 04:20 PM | 2 Likes Like |Link to Comment
  • A Day In The Life [View article]
    RS --- What a wonderful informative article. I suspected the Trader's Life - no matter how successful - had to be the heart's worst enemy - STRESS personified.

    DGI is simple, rewarding and more than enough - IMO.
    Thank you for sharing the nitty gritty of the other side :)
    Mar 29, 2015. 09:56 PM | 2 Likes Like |Link to Comment
  • A Day In The Life [View article]
    Peace - Thank you for sharing your beautiful story. You are truly an inspiration.
    Your ability to accept the hand you were dealt with dignity and "peace" was the first step to living a life prosperous in far more than money could ever buy.
    Mar 29, 2015. 09:52 PM | 3 Likes Like |Link to Comment
  • Income Investing Strategy: Are You A Closet Market Timer? [View article]
    Interesting article as usual...
    For what it's worth -- I've gone by instinct and SA guidance when it comes to investing and/or holding cash.
    Three years ago I began this journey of running my own Portfolio. It involved selling whatever I hated (at Merrill L) and transferring the cash to Vanguard. As cd's matured it meant sending the cash to Vgd for investment. I continue to keep 6-9 mos cash on hand for emergencies -- not at Vgd.

    It took quite awhile to study the SA Gurus, make decisions and get the guts to pull the trigger. I did it gradually, at my own pace and comfort level.

    I mention this because the decision to "hold" cash and wait for whatever wasn't a real consideration -- altho I only bought on Limit orders --but I don't consider that to be waiting and holding $ -- Okay it IS waiting but only for my magic number to execute :) which, usually didn't take very long. When it did that was my stupid mistake at not adjusting the figure down fast enough.

    Eventually I read Mike Nadel admit to his frustration at losing something he wanted because of a few cents -- so I heard him loud and clear - and carefully adjusted my "magic" (if the price was not cooperating), and it was something I really wanted. I also read and clearly heard Chowder who I also follow -- and he doesn't follow this limiting routine :).

    Now that I have basically completed my trek -- all is invested -- I don't worry about holding cash for "future" opportunities. The time is always now (within limits -- by that I mean limit orders). When I have cash on hand it's because I decided I should sell an asset for one reason or other. I try to always balance those sells with time spent researching what I could use as a replacement.

    If I sell without a firm decision or opportunity to buy soon -- I transfer the cash into my online bank Money Market account where it earns close to 1%. It stays there until I see that a new Buy has executed -- then I quickly transfer it to Vgd. and cover the cost.

    I don't keep "investment" cash waiting for some kind of crash --
    From your article -- it looks like I'm making the right decision -- at least for me.
    Thank you.
    Mar 29, 2015. 07:24 PM | 7 Likes Like |Link to Comment