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Ed Bickford, CPA

Ed Bickford, CPA
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  • I'm Hitting The Brakes On Lithia Motors [View article]
    Since your article came out the stock is up about $9.00 a share as it just continues to increase earnings. I bought their stock in May of 2015 and it's up 53% in that time. I wouldn't be surprised to see them do another acquisition this year. Price targets keep rising, The Street currently has a $147 target. I think you sold a winner.
    Jun 23, 2015. 09:57 PM | Likes Like |Link to Comment
  • MLP Returns In Your IRA Or Tax Protected Account: Number 2 In The Series [View article]
    "Why would anyone want to own MLPs in a tax sheltered account?"

    Before the downturn in energy I held several MLP's in my tax sheltered account. If the yield on an MLP is higher than the yield on a non MLP investment the increase in my tax sheltered portfolio will be greater with the MLP. Why make a decision based on the taxability?

    I have never paid tax on unrelated business income in my account.
    Jun 10, 2015. 07:15 PM | Likes Like |Link to Comment
  • Retirement Strategy: I Do Not Care If I Beat The S&P 500 At All [View article]
    I guess I must not be very good at picking ETF's because I typically make more on stocks than ETF's.
    Jun 10, 2015. 06:48 PM | 2 Likes Like |Link to Comment
  • The No. 1 Stock In The World - Part 2 [View article]
    Oh wow, Chowder is human! Fortunately you learned from your mistakes.
    May 30, 2015. 06:37 PM | 2 Likes Like |Link to Comment
  • The No. 1 Stock In The World - Part 2 [View article]
    NWO - I wouldn't feel comfortable giving you advice as to the companies you should buy, there are others here who are better suited for that. What I will suggest is that you also consider who is going to manage the portfolio when you are unable. If you ever need tax advice please contact me. I will be glad to help you at no charge. Wishing you the best!
    May 30, 2015. 08:55 AM | 8 Likes Like |Link to Comment
  • The No. 1 Stock In The World - Part 2 [View article]
    Chowder - not necessarily a dumb move. I'm sure the proceeds on that sale went into other investments that did quite well!
    May 30, 2015. 08:49 AM | Likes Like |Link to Comment
  • The No. 1 Stock In The World - Part 1 [View article]
    Interesting article, read it this morning on my MacBook Pro while drinking my Starbucks coffee. Apple is my largest and longest held holding, Starbucks is one of my smaller ones. I actually thought about owning just one stock once in a portfolio that lost a significant amount during the financial crisis. My Apple shares fell from $200 to about $80 and I actually thought about selling the rest of the portfolio and buying all Apple stock. Common sense prevented me from doing it of course, everyone knows you need to be more diversified, but had I done it I would have retired already. I'm not suggesting anyone do such a thing but at times I wish I had.
    May 30, 2015. 08:08 AM | 2 Likes Like |Link to Comment
  • Half-Million Dollar Income Project: Next 3 Stocks I'm Considering [View article]
    "One thing that both I and commentators pointed out is that the portfolio contains way too much risk for a retirement portfolio. As a high risk portfolio of mine, the portfolio contained mainly small-cap growth plays and high-yield stocks."

    I totally disagree with that! With 50 years to retirement he can afford to take on more risk. If he was closer to retirement that may be true but with 50 years to go there is more risk in not taking on enough risk.

    I may be wrong but I'm looking back on what I have done the last 25 years now that I am three yrs out from retirement, I'm glad I took the risk I did when I did.
    May 21, 2015. 06:02 PM | Likes Like |Link to Comment
  • Building The Ultimate $100K Income Portfolio [View article]
    drcm4t- I agree it is a good time "to pick up some good names at a discount".

    But wouldn't it be better to wait for those names to recover before selling some longer dated calls?
    Jan 6, 2015. 12:05 PM | Likes Like |Link to Comment
  • Is Kayne Anderson The Best MLP Play Right Now? [View article]
    papaone - I totally agree and I am considering closing my position as well until oil turns around.
    Jan 6, 2015. 11:45 AM | Likes Like |Link to Comment
  • Why Dividend Growth Investors Should Not Ignore Price [View article]
    "Or you could keep the shares and "capture" decades of future income."

    .......or you could "capture two or more years of future income in the form of today's capital gain" and redeploy the returned capital in a better valued stock that provided as much or more in terms of future decades of income.

    The answer is not always the same.
    Jan 5, 2015. 02:58 PM | 2 Likes Like |Link to Comment
  • Is Kayne Anderson The Best MLP Play Right Now? [View article]
    Papone - Now I understand how you got the 1.7%, that was total return instead of distribution yield you were looking at. I believe the NAV in KYN is down because of the decrease in the price of the MLP's it owns. The last reported "preliminary" NAV for KED is 11/30/2014. Comparing the NAV decrease for the two funds from 8/30 - 11/30 KYN lost 11%, KED 14%. Now that both are selling at a premium I prefer KYN over KED for the higher yield. You were smart to buy KED when you did. As an aside I watch the share prices of KYN's top holdings and when they have a significant decrease such as they did in Q4 I sell them. I sold them on 12/10 at 36.45 and bought them back on 12/15 at 34. They posted a decrease in NAV on 12/11 of $4/share on the website.
    Jan 5, 2015. 12:25 PM | 1 Like Like |Link to Comment
  • Is Kayne Anderson The Best MLP Play Right Now? [View article]
    Papaone - The yield on KYN on for 2014 was 6.6%. The big difference between the two funds for 2014 is KYN was selling at at premium at the beginning of the year and KED at a discount. They are both now trading at a premium. The yield on KYN is currently higher than it is on KED.
    Dec 31, 2014. 06:16 PM | Likes Like |Link to Comment
  • Making The Difficult Decision To Part Ways With BP [View article]
    Alex- Hard to say what energy will do in 2015. For now the only energy investment i have is in KYN which has treated me well for the last three years. The money i pulled out of energy I invested in BioTech/Healthcare which I think will be a better opportunity.
    Dec 31, 2014. 04:27 PM | Likes Like |Link to Comment
  • Building The Ultimate $100K Income Portfolio [View article]
    This will be an interesting portfolio to watch. Your basic premise is this is to build a retirement portfolio so I would assume you would be doing this in a tax-deferred account. That would eliminate the tax issues mentioned in the comments and eliminate the need for a CPA to calculate the taxes. I tried a similar approach a few years ago with a rollover IRA account at IDB. Taxes were not an issue and the trading costs were minimal. I managed to earn about 46% on that account in a year. I was called away many times on a lot of positions but they were always structured to yield a nice profit. Best of luck!
    Dec 30, 2014. 07:25 PM | Likes Like |Link to Comment
COMMENTS STATS
257 Comments
178 Likes