Seeking Alpha

Ed Bickford, CPA

Ed Bickford, CPA
Send Message
View as an RSS Feed
View Ed Bickford, CPA's Comments BY TICKER:
Latest  |  Highest rated
  • 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
  • Making The Difficult Decision To Part Ways With BP [View article]
    Alex - I think you made the right decision. I bought BP not too long after the spill as well and held on until yesterday when I made the decision to get out. I agree with you that there is more to the downside.
    Dec 30, 2014. 06:36 PM | Likes Like |Link to Comment
  • Update: ARCP - And Here Goes The Dividend [View article]
    Richjoy - I tend to agree with the "only 1 cockroach" scenario. Usually accounting restatements result in more corrections than initially disclosed. Items that may have been borderline previously and passed on by an auditor become issues when the company is in the spotlight.
    Dec 29, 2014. 01:48 PM | 1 Like Like |Link to Comment
  • Update: ARCP - And Here Goes The Dividend [View article]
    AP17 - For tax loss selling it's the trade date that matters.

    Happy New Year!
    Dec 29, 2014. 01:43 PM | Likes Like |Link to Comment
  • Update: ARCP - And Here Goes The Dividend [View article]
    Good analysis Richjoy. This announcement moved me from Camp 2 to Camp 3. "Sometimes you win, sometimes you lose"
    Dec 29, 2014. 01:35 PM | Likes Like |Link to Comment
  • 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
COMMENTS STATS
250 Comments
164 Likes