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  • Our Retirement Income Portfolio And Its 3rd Quarter Review [View article]
    Bob, Thanks for the update on your portfolio. A couple of concerns I might think about. The first is a lack of diversification. By my count 13 or 25% of your positions are MLPs, 9 or 18% are REITs, 7 or 14% are either Telco or electric utilities and another 3 are energy companies. Overall, the portfolio will also have significant risk to rising interest rates. I'm sure you saw a hit when interest rates began to spike. I own many of these companies and I worry that a big rise in rates will really pressure a portfolio with these kind of concentrations. Do you have any of the same concerns? Thanks!
    Oct 27, 2013. 09:58 AM | Likes Like |Link to Comment
  • First Trust High Income Long/Short CEF Is On Sale [View article]
    George, I own FSD because I wanted some HY exposure and because I felt interest rates were headed higher and thought shorting TSY was an interesting investment that offered some protection from rising rates. I'm wondering though if its working. 10 Yr TSY yields are up over 100 bps over a 1 YR period and according to Bloomberg FSD 1 Yr return is 0.14% as compared to the Barclays HY Index ETF (JNK) of 4.91%. So FSD underperformed of 477 bps over 1 year. Getting frustrated, what am I missing?
    Aug 20, 2013. 10:10 PM | Likes Like |Link to Comment
  • The Essence Of Valuation Is Soundness, Not Rate Of Return [View article]
    In the F.A.S.T. Graphs model, how many years are included in the operating earnings growth rate. Because this is a historical model, how do you think about valuation in a company like Ross Stores which has historically grown at 17.2% but then slows to 10% annual growth going forward. It seems that would dramatically change the relative under/over value of a company. I appreciate the arcticle. Thanks,
    Feb 24, 2013. 09:26 AM | 1 Like Like |Link to Comment
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