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Ajay Kalra

Ajay Kalra
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  • MORL Yielding 24.7% Based On Projected June Dividend [View article]
    kram1689,

    > With around 8% margin interest rate

    Its not that high, if you look around(1.62% is more like it for less than 100k): http://bit.ly/1g0k5AW

    Ajay
    May 21, 2015. 08:37 AM | 2 Likes Like |Link to Comment
  • MORL Yielding 24.7% Based On Projected June Dividend [View article]
    > This ETN has produced negative returns
    ..
    > MORL produced total return of 29.36%

    Which is it? You get no prize by mentioning the obvious that it underperformed SPY since inception. It merely is a proxy for the underlying index at twice the rate.

    Ajay
    May 19, 2015. 10:42 PM | 3 Likes Like |Link to Comment
  • Equity CEFs: Now Is The Time For The Nuveen Global Equity Income Fund [View article]
    Hasu,

    I wouldnt put too much weight on the divergence between NAV and market price (YTD) for AWP. AWP's market price was artificially high on last day of 2014 due to its inclusion in YYY/CEFL. It started to go down almost immediately, causing YTD divergence you see now.

    Regardless, NAV performance alone for AWP has been very good. I do have a good position in it. Along with AOD/AGD, it keeps bouncing back after down days. AWP has also been the best Real Estate CEF performer by far this year. I think the global theme is now starting to catch up to US's performance. Even if market ens up treading water, these funds may not be as bad (relatively).

    Ajay
    May 12, 2015. 09:10 AM | Likes Like |Link to Comment
  • Equity CEFs: Now Is The Time For The Nuveen Global Equity Income Fund [View article]
    Doug,

    I am wondering why would you not pick AOD/AGD over JGV at this stage?

    From NAV's perspective, both have outperformed JGV and are at good discount as well.

    Ajay
    May 11, 2015. 04:00 PM | 1 Like Like |Link to Comment
  • This Leveraged Global Bond CEF Is On Sale [View article]
    George,

    I used to own this and got out over a year ago just before they decreased div to .11 from .13. It hasnt earned its distribution for a very very long time. Its NAV has been declining as a result. Other than the widening discount, I dont see anything positive about it.

    Ajay
    May 11, 2015. 02:55 PM | 2 Likes Like |Link to Comment
  • With mREITS Janet Yellen Is Your Friend [View article]
    > which outcome do you think is most likely to occur?

    None of the above.

    Picking numbers from air doesn't help. Clinton balanced the budget by simply increasing the tax rate marginally. Obama has brought down the deficit from mess of over 1.4 trillion that he inherited to 474 billion by increasing the tax rate on the rich. A lot can be done by increasing marginal rate.

    Ajay
    May 10, 2015. 05:13 PM | 1 Like Like |Link to Comment
  • Millions Of Millennials And Retirees Can't Answer 3 Basic Financial Questions: How About You? [View article]
    Varan,

    >I also think that if these questions were given to young adults in the sixties > or the seventies, the results, in terms of the percentage of people
    > answering the questions correctly, would have been the quite similar.

    Exactly. Today's youth is no different than the ones judging them. I find most posters at SA to be lacking common sense/logic and this author doesn't seem to know if the results are specific to kids or adults in general. Some here need to look in the mirror.

    Ajay
    May 6, 2015. 01:28 PM | 1 Like Like |Link to Comment
  • REITs: Look Out Below? [View article]
    Alexander,

    > When the facts are against you.

    Pretty much. This extends to vast majority of the population unfortunately. Most are extremely low info voters.
    May 5, 2015. 11:27 PM | 1 Like Like |Link to Comment
  • With mREITS Janet Yellen Is Your Friend [View article]
    TBL,


    > The opportunity loses can be larger that the actual loses when you hold onto a poor investment.

    That is always true but in your case, its a question of timing as
    NLY has handily beaten SPY since its inception: http://bit.ly/1ET7TfT

    Ajay
    May 4, 2015. 09:33 PM | Likes Like |Link to Comment
  • Eaton Vance Enhanced Equity Income Fund II For Steady Monthly Income [View article]
    > classifies option income as roc depending on whether the position is open or closed.

    When a position is closed, there is no ROC of any kind. You have capital gains/losses/neither and you have to take previous ROC, if any, to reduce your basis. Your basis cant be reduced to less than 0. There are rules if ROC exceeds your initial cost (meaning your basis is 0) that ROC is taxable sooner than you closed your position.


    Ajay
    Apr 19, 2015. 07:55 AM | Likes Like |Link to Comment
  • Equity CEFs: The Insanity Of CEF Investors - Part II [View article]
    I own ETY and EVT. I recently exited ETW as its discount narrowed heavily and its NAV isnt doing as well. Also, for some reason, EVT and ETY both have good NAV performance but the discount increased.

    I also bought AWP and AOD few months ago based on current NAV performance. Both have relatively high discounts. I missed BOE and CII as both continue to outperform based on NAV. BOE has acted very well recently.
    Apr 13, 2015. 12:55 PM | 1 Like Like |Link to Comment
  • CPLP: A 13.1% Dividend Covered At 1.1x; Good Enough [View instapost]
    Probably not too bad for a starter position. Thanks.
    Apr 9, 2015. 08:40 AM | Likes Like |Link to Comment
  • CPLP: A 13.1% Dividend Covered At 1.1x; Good Enough [View instapost]
    Darren,

    Would you recommend this at current level?

    Ajay
    Apr 8, 2015. 09:13 PM | Likes Like |Link to Comment
  • Bill Gross Has Started To Sell His Pimco Closed-End Funds [View article]
    bada1969,

    http://bit.ly/1IsghWj

    Performance tab shows that last year there was no capital gain distribution. All income. I have this in my IRA so I dont get any tax related docs.

    Ajay
    Apr 8, 2015. 09:06 AM | 2 Likes Like |Link to Comment
  • Eaton Vance Enhanced Equity Income Fund II For Steady Monthly Income [View article]
    Hi RW,

    I dont disagree with any of what you have written and it doesnt negate what I wrote earlier. I should have added capital gains to the distribution(in addition to Div and Premium).

    However when you are giving out capital gains as majority of the distribution, the fund isnt really a covered call fund. As you know, capital gains are treated differently for tax purposes than ROC for non taxable accounts. Fund in this article pays more of capital gains than ROC.

    In general, for tax free accounts, I ignore type of distribution and look mainly at NAV return, especially in rising market. For taxable accounts, I specifically see that I get ROC (and not Capital Gains) in addition to rising to a flat NAV for a covered call fund.

    Ajay
    Mar 31, 2015. 12:46 PM | 1 Like Like |Link to Comment
COMMENTS STATS
241 Comments
157 Likes