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Ed Bickford, CPA

Ed Bickford, CPA
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  • Is Kayne Anderson The Best MLP Play Right Now? [View article]
    That plus the expertise you are buying!
    Nov 24, 2014. 10:46 AM | Likes Like |Link to Comment
  • Is Kayne Anderson The Best MLP Play Right Now? [View article]
    Good question you pose. It really comes down to what works for the individual. I sold most of my MLP's at the end of 2012 and invested in KYN. The position I opened up at the beginning of 2012 was up 23% by the end of the year with dividends reinvested. I added to my position at the end of 2013 and so far this year it is up 8.1% YTD with dividends invested. Although I did this in a tax deferred account my primary reason for making the change wasn't tax related, taxes don't scare me. I did it because I don't have the time nor the in depth knowledge of the industry to monitor several MLP's and know when to get in and out. The 1% that KYN charges is a small price to pay someone to do that for me.
    Nov 21, 2014. 03:53 PM | Likes Like |Link to Comment
  • Why Gilead Is My Next Apple [View article]
    Tjud - Yes you have it correct. I unfortunately have a typo in my numbers. It's the 80/110 I bought which would give a net of +30 at 114.

    30 - 9.5 = 20.5
    20.5/9.5 = 215.8%
    Jul 10, 2014. 01:53 PM | Likes Like |Link to Comment
  • Why Gilead Is My Next Apple [View article]
    Nice write up Bret. Like what I read elsewhere about GILD as well. Bought the 80/100 Jan. 2016 spread for $9.50. The low end of your range would produce a nice 200+% return.
    Jun 30, 2014. 04:04 PM | Likes Like |Link to Comment
  • Apple Stock Split: 2 Theories [View article]
    Interesting idea, buying Apple products because you own the stock. For me it was the opposite. I bought Apple stock after I bought my first Mac back in 1982. The stock has done OK since then.
    Jun 5, 2014. 06:09 PM | 4 Likes Like |Link to Comment
  • A High Income Portfolio For A More Prosperous Retirement [View article]
    lilsdad- What closed end REIT's do you like? I own several MLP CEF's as well and only one CEF REIT.
    Jun 3, 2014. 07:21 PM | Likes Like |Link to Comment
  • Why SoftBank Could Be Worth $71 A Share On The Day Of The Alibaba IPO [View article]
    Hope you are right in your valuation. I've been holding on to my position for about 6 months and all its done is gone down about $3/share. It seems like a such a sure thing with the large percentage of Alibaba that it owns that I am baffled as to why it hasn't moved up. Now that they have filed maybe we will see some upside.
    May 6, 2014. 06:07 PM | 1 Like Like |Link to Comment
  • CVR Refining Offers Huge Distribution [View article]
    I guess if you have plenty of money to give the government that's a good approach. Not for me but whatever works for you.
    Aug 3, 2013. 04:12 PM | Likes Like |Link to Comment
  • 5 Highest Analyst Rated Infrastructure MLPs [View article]
    icy - If you buy the right MLP's you will make more than you will with the index. I own several in a tax deferred account but I am ok with the tax requirements. I also own KYN which issues a 1099 for dividends as opposed to a K1. It's a closed end fund with a 5.9% yield and it is up about 24% over the last year.
    May 26, 2013. 09:51 AM | Likes Like |Link to Comment
  • Realty Income Is Simply A Great REIT And Nowhere Close To A Bubble [View article]
    Dave,

    I'd be interested in your thoughts about OHI. I bought it last November (after Brad recommended it) and sold it a few days ago when it was $38.24. Nice gain of 65.5% in 6 months. Since then it's dropped to about $34 and I'm considering buying it back. What are your thoughts on OHI going forward?
    May 25, 2013. 09:12 AM | Likes Like |Link to Comment
  • American Capital Agency: Not A Terrible Q1, But The Dividend Is Still Not Sustainable [View article]
    This morning AGNC is trading below $28. I'm wondering if it is time to get back in or do you think it can drop further?
    May 23, 2013. 10:23 AM | Likes Like |Link to Comment
  • Optimizing Triple Net Lease REIT Investment: Time To Sell Realty Income [View article]
    Dane, - Excellent analysis. I looked at O a few weeks ago after reading what Brad had said about and came to the conclusion that is was overvalued. Good investment but I think I'll wait for a pullback.
    May 14, 2013. 01:41 PM | Likes Like |Link to Comment
  • American Capital Agency: Not A Terrible Q1, But The Dividend Is Still Not Sustainable [View article]
    I don't know how much the price could drop. I do think it will drop further from where it is. When it does I will look at getting back in. Do you think they might do another secondary?
    May 7, 2013. 03:30 PM | Likes Like |Link to Comment
  • American Capital Agency: Not A Terrible Q1, But The Dividend Is Still Not Sustainable [View article]
    Dane - I don't think it will happen this year. Scott is correct in his explanation of the 90% rule. I agree with you that the timing of the dividend cut is not the major issue, it is the sustainability of the dividend and the decrease in NAV that will occur by maintaining that dividend that are more important. It will be interesting to see what Kain does in the next few quarters. Even though the dividend may be paid the rest of the year the price could drop by more than the dividend rate so I will watch it for a while and come back in if and when the price drops. I decided to take my gains and sold my position this morning. Thanks for the good article.
    May 7, 2013. 10:15 AM | 3 Likes Like |Link to Comment
  • American Capital Agency: Not A Terrible Q1, But The Dividend Is Still Not Sustainable [View article]
    When do you think they will cut the dividend?
    May 6, 2013. 05:26 PM | Likes Like |Link to Comment
COMMENTS STATS
238 Comments
159 Likes