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  • Convertible Test Drive  [View article]
    Thanks for this. Am a holder of CWB and find modest gains but very good beta. It is one of the few fixed-income class ETFs I have kept in my portfolio.
    Jun 1, 2015. 02:57 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62  [View article]
    Thanks Robert for this illuminating exercise. I'm 56 and like yourself see SS as risk reduction and supplemental income.
    Aug 26, 2014. 11:09 AM | 1 Like Like |Link to Comment
  • Vringo Rated As Rotten: The Company Shows Why You Don't Speculate On 'Patent Trolls'  [View article]
    "We choose not to involve ourselves in such nonsense; we prefer sticking to high growth, high margin, low debt, low multiple names; especially in today's market."

    And so... you somehow have wisdom unique to availing us of this situation?

    Makes really no sense for you to offer an opinion on a matter you maintain you have no interest in nor do you claim to have any knowledge about.

    So why are you writing an article here on this 'nonsense'?

    Oh yeah, because your motive is so transparently obvious as to make this 'contribution' equivalent to a post on a Yahoo message board. Never mind.
    Aug 17, 2014. 11:10 PM | Likes Like |Link to Comment
  • Build A 'Whatever Happens' Portfolio... Now  [View article]
    A good start at explaining the reasons for diversifying asset classes but no information as to the wight or allocations for any aset class, much less to components. Of limited use to any reader.
    Aug 15, 2014. 08:44 PM | 4 Likes Like |Link to Comment
  • More Signs A Market Bottom Is Forming  [View article]
    Interesting data Chris and a contrarian perspective that is welcome. Apparently, some investors commenting here have myopic vision and they rely only on one simple and the most obvious stochastic to draw conclusions when they might benefit from a broader set of data.

    Waiting for the bus to leave and then concluding 'the buss has left' is one way to be correct I suppose. But I appreciate prognostications of 'when the bus will leave' a lot more than waiting to be left at the side of the curb.

    I think your approach has some merit and hope you will follow up with more articles that utilize such alternative data to understand and anticipate market movements.
    Aug 7, 2014. 09:52 AM | 1 Like Like |Link to Comment
  • A Diversification Dissertation For Income Investors  [View article]
    Thanks for the illustration of how easy it is to diversify.

    I also read that article you refer to and the author was dismissive of the feedback it generated. Seems some folks get good run in the market with 3 equities for all of 6 months and they revel in their complacency.
    Jul 30, 2014. 09:55 AM | 1 Like Like |Link to Comment
  • American Realty Capital Properties: A Solid Choice For Income  [View article]
    Thanks much for the update and due diligence. Your work is good to read with the conference call record and brings an investor perspective on the very positive CC.

    If any reader invested in ARCP hasn't read the CC, I advise they do. Pretty compelling data and story reported there.
    Jul 29, 2014. 10:49 PM | 1 Like Like |Link to Comment
  • Forward Testing Various Investment Alternatives Against A High-Risk, High-Dividend Portfolio  [View article]
    Interesting test Henry. With real dollars at stake, I hope your own portfolio prospers.

    Thanks also for mentioning Brad's discussion of UDF as it went off my radar.
    Jul 25, 2014. 06:21 PM | Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio Delivers 8.8% Of Income For This Retiree  [View article]
    3 equities is too few. My advice is as follows:

    Take 600K and invest in a 8-12 ETFs that correspond roughly to the FAMA-French model or simply try to approximate Paul Merriman's asset allocation scheme.

    As you are keen on large dividends, spread the 400K out among several BDCs, REITs, MREITS, CEFs, and MLPs that are more diversified. With an allocation of 80K to each of these assets classes you could reasonably diversify in each with just 4 equities in each of them.

    Using this as a basis, you could still average around 8% dividends plus enjoy much greater diversification and maintain a portfolio that is still manageable:

    a) 8-12 ETFs (including a few bond ETFs)
    b) 20 equities (at most) spanning the BDCs, REITs, MREITS, CEFs, and MLPs space that provides the higher dividends.

    Your ETFs provide the diversification you need as well as some dividend income if you choose with a dividend bias. The remaining equity choices among the BDC, etc sectors would be based on dividends, risk, and diversification.
    Jul 24, 2014. 02:57 PM | 3 Likes Like |Link to Comment
  • American Realty Capital Properties: High Yield And High Risk  [View article]
    Pretty well summarizes my own qualitative perspective of ARCP.

    Have been investing in it since 2013 as well and is one of my largest equity holdings. Like yourself, I do DRIP and also buy additional shares when the price is beaten down. It's a stock I am accumulating as like yourself, I think it is not fairly priced and think it should have yields more similar to sister REITs.
    Jul 21, 2014. 11:22 AM | 2 Likes Like |Link to Comment
  • Recent Weakness: How Concerning For Stock Bulls?  [View article]
    Thanks again Chris for your updates and sober assessment of market dynamics.
    Jul 9, 2014. 05:37 PM | Likes Like |Link to Comment
  • Independence Realty Trust Announces Second Quarter Monthly Cash Dividends on its Common Stock 
    Great equity. Doing well.
    Apr 17, 2014. 04:45 PM | Likes Like
  • The $1 Million Perpetual Income Portfolio: ETF Edition  [View article]
    Thanks for following up Morgan. I can take some good info here about ETF selections and you likely saved me some hours of work.

    Like a previous reader, might I suggest that you offer a trimmed ETF portfolio rather than some 20 as you do here? One advantage to ETFs is that they are bundles and so make it easier to track your portfolio without having to balance so many items at once.

    That said, I do like the variety you offer in the different asset classes and it suggests to me that even within these asset classes, there are diversification effects that need to be considered versus a simpler portfolio.
    Mar 16, 2014. 12:56 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Can A Portfolio Of ETFs Outperform A Portfolio Of Individual Stocks?  [View article]
    Mulligan, you might want to look at Paul Merriman's articles on developing an ETF portfolio that includes bonds and international ETFs. He does have a value preference for allocations but it seems that growth has its place and my own portfolio does vary a bit from his suggestions.

    Thanks for this article Regarded and I look forward to future comparisons between these portfolios. I would also encourage you to broaden your mix of dividend ETFs so they don't so closely replicate your original BTD portfolio.
    Mar 12, 2014. 06:26 PM | 1 Like Like |Link to Comment
  • Are Investors Starting To Shift To A Defensive Posture?  [View article]
    Thank you for your guidance Chris.

    I've noticed a recent trend the last few weeks though that is a contrary indicator to the bullish rise and that is that growth ETFs are not making headway against value ETFS. The reversal hasn't yet matured but the growth:value ETF MACD has reversed and the trend is more favorable the last 6 weeks for value equities.

    This is based on SCHG:SCHV and VUG:VTV ratios that show erosion in the position of large cap growth stocks. I haven't looked at charts yet for mid-caps, but I think the same is now starting for mid-caps where value may be favored over growth.

    This could be an early sign of the market moving to a less aggressive risk posture while remaining in equities.
    Mar 8, 2014. 07:04 PM | 1 Like Like |Link to Comment