Ed Bickford, CPA

Ed Bickford, CPA
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  • Omega Healthcare Investors - An Appealing Income Play  [View article]
    I've held it for several years and see no reason to sell. The income is good. I'm not sure why anyone would see the fact that so much of their customer base is senior's is a negative. More senior's are made everyday! Don't see that changing in my lifetime.
    Jan 29, 2016. 12:42 PM | 7 Likes Like |Link to Comment
  • High Yield Vs. DGI Vs. Index Funds: 5-Year Backstudy Update  [View article]
    Unless changes in the environment force the spring to dry up. Then like KMI the yield (water) and resale value both go down leaving you with a less than necessary yield. Selling at that point results in less capital to invest so you need to increase the risk to replace the yield.
    Personally I have a mix of DGI stocks, a few REITS that pay 5 - 6% and a handful of investment grade Cumulative Preferred's bought below par and yielding 6%+. The YTM on each preferred is higher than the current yield with maturity 3 - 5 years out. If rates rise on the preferred's and the value goes down I'm not worried as the yield is sufficient and will continue if the stock drops below the call price and the issue is not called. I also have PGX which is a preferred stock ETF yielding 5.89% that pays a steady dividend none of which has been ROC. I find a mixture of portfolio styles to be best when trying to balance a decent yield with a little stability.
    Jan 6, 2016. 10:11 AM | 2 Likes Like |Link to Comment
  • 2015 Year-End Retirement Income Portfolio Review  [View article]
    MerlinLou - Would appreciate your views on DLR.
    Jan 6, 2016. 09:35 AM | Likes Like |Link to Comment
  • Preferred Stock Vs. Common Stock Performance For 2015  [View article]
    Usually I prefer CEF's to ETF's but currently I own PGX which is a Power Shares preferred stock ETF. It pays a steady monthly distribution that currently yields 5.89% and no return of capital. Most of the CEF's I have owned in the past have paid out higher %'s but a portion has been ROC.
    Jan 5, 2016. 08:22 AM | Likes Like |Link to Comment
  • Preferred Stock Vs. Common Stock Performance For 2015  [View article]
    I subscribed to Doug's service in the second half of last year and did not lose money by selecting stocks from the list. I did not however find 60 stocks on his list that met the criteria he suggests. You do understand that his lists cover all preferred issues and not all are good investments? For any one interested in investing on Preferred's I would recommend his book. Even though I had many finance classes in college I learned a lot about the art of investing in Preferred's from it. Reading that may have prevented that 47% loss.
    Jan 5, 2016. 08:12 AM | 1 Like Like |Link to Comment
  • Retirement Planning: Social Security Tradeoffs  [View article]
    J Tanner - "It is a science and shame on anyone who gives the state or fed more of their $$ than absolutely required."

    Couldn't agree more!
    Dec 29, 2015. 11:37 AM | 1 Like Like |Link to Comment
  • Retirement Planning: Social Security Tradeoffs  [View article]
    I'm currently at the point where I can take early retirement from Social Security but I will be working at least another year. Your Social Security estimates are the same as mine. I looked at the approach Jim Sloan wrote about and determined for me the additional tax on my higher IRA withdrawals in the first few years lowered the after tax income available to me in those years. I would need to liquidate positions in my IRA for a few years which would reduce my dividend income going forward. The bottom line for me was that approach is not the best. Be sure to look at your total financial plan and consider taxes as well.
    Dec 29, 2015. 09:36 AM | 1 Like Like |Link to Comment
  • Data Center REIT Digital Realty Has Seen Strong Growth, And That Does Not Seem To Be Faltering  [View article]
    I currently own the DLR-I preferred. It has dropped in price to $24.60 and is currently yielding 9.03%. For anyone who is bullish on DLR and wants a great yield it is there for the taking.
    Dec 17, 2015. 10:00 AM | 1 Like Like |Link to Comment
  • MLP Investors Fear Contagion As Kinder Morgan Slashes Its Dividend 75%  [View article]
    Richjoy - Great explanation! It sounds like it will be a long time before the price of oil begins to rise. Thanks!
    Dec 10, 2015. 09:14 AM | 1 Like Like |Link to Comment
  • MLP Investors Fear Contagion As Kinder Morgan Slashes Its Dividend 75%  [View article]
    richjoy - Well said, fortunately I've made mistakes in the past that I learned from and my loss form KMI is small. I am curious why you think "the factors creating an oversupply in oil/nat gas are likely to accelerate again" With all of the CAPEX cuts being reported won't the supply decline to lower levels?
    Dec 9, 2015. 06:27 PM | 1 Like Like |Link to Comment
  • How Many Stocks Should Be In My DGI Portfolio?  [View article]
    I like to hold around 20. I find it is tough enough to find 20 that I really like and feel comfortable with. If you want to match the beta of the S&P why not just buy the SPY?
    Nov 20, 2015. 11:31 PM | 1 Like Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    Can you explain why? I fail to see your point.
    Nov 11, 2015. 08:12 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    Both you and your CPA are correct. I should have said in my opinion "depreciation recapture is not taxed as UBTI". Thanks for clarifying.
    Nov 11, 2015. 08:11 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered  [View article]
    I have to agree with your CPA. I've discussed it in the past with others here and haven't change their minds.
    Nov 11, 2015. 07:46 PM | Likes Like |Link to Comment
  • The Art And Practice Of Portfolio Diversification  [View article]
    Sign me up!
    Nov 5, 2015. 07:27 PM | Likes Like |Link to Comment
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