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Ed Bickford, CPA

Ed Bickford, CPA
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  • American Capital Agency's Q1 Performance [View article]
    I came away with the same understanding from what I read. What I am guessing but is not clearly stated is that the assets borrowed against as well as the assets they purchase with the borrowed funds are used as collateral. I wonder if it is as simple as that though.

    Another risk I was thinking about is legislation that limits the use of leverage by Mortgage REITS. The pools of loans are growing and could be seen as a risk to the financial recovery when the Fed decides to raise rates. I am staying invested but want to keep on an eye on future legislation.
    Jun 3, 2012. 08:19 AM | Likes Like |Link to Comment
  • American Capital Agency's Q1 Performance [View article]
    I've held AGNC for close to a year now and just added MTGE to my portfolio. I've read most of your articles and you seem to have the best understanding of how they work. I recently watched the Barclays presentation and have a question I hope you know the answer to. How do they manage to achieve leverage of 8 times borrowing against the portfolio? Is there an added risk to that leverage?
    Jun 2, 2012. 05:11 PM | Likes Like |Link to Comment
  • 5 High Yield Retiree Dividend Ideas [View article]
    Did you sell your position in AGNC? Do you now prefer NLY?
    May 28, 2012. 09:38 AM | Likes Like |Link to Comment
  • 7 Reasons To Expect Mac TV At Apple's WWDC [View article]
    Excellent article. It's great to see something well written and positive about Apple. Lately so much of what I have seen has been negative comments, poorly written by bitter sounding writers whose main objective has been nothing more than increasing their click count. Thanks Jason!
    May 27, 2012. 02:53 PM | 1 Like Like |Link to Comment
  • Apple's Crumble Now Looking More Like SoufflĂ©: Now What? [View article]
    Nice strategy! I like it because I have been doing the same thing for a while. I have been selling the July $610's (against my position) and buying the July $590's . The volatility makes it profitable on a short term basis, sometime I have gone in and out on the same day.

    Like you I am trading in tax deferred accounts so I won't get hit with the taxes for a while.

    I'm looking for another stock that will provide the same opportunity. Any suggestions?
    May 27, 2012. 11:46 AM | Likes Like |Link to Comment
  • Maybe It's The Apron Color [View article]
    "At what point can you still be committed, but seek to protect your interests?"

    I ask myself that everyday! When it gets to the point I feel it can't rise anymore I will sell it. Until then I will be selling covered calls against my position, buying in the money calls and protecting with puts.

    I trade like you do, but I also have a long term investment portfolio.
    May 25, 2012. 04:49 PM | Likes Like |Link to Comment
  • Facebook Investors: Stop Whining And Be Patient For Profit [View article]
    Do you see an issue with the fact that some MS clients were given privileged information that others were not? Information that would affect your valuation of the company had you known.
    May 25, 2012. 04:24 PM | Likes Like |Link to Comment
  • Maybe It's The Apron Color [View article]
    "Investing isn't about the rare times when one can be fortunate to get in at what in hindsight turns out to be an incredibly low price and then hanging on for at least 8 years"

    I don't agree at all with that. If you are lucky enough to listen to Peter Lynch and invest in what you know and you know that Apple is building products that are superior to that which is available and you invest in that company knowing that it will grow, that I believe is the true essence of investing.

    You could have said "it is a rare occurrence when an investor feels strongly about an investment and hangs on through the ups and downs with the knowledge that it will eventually pay off" and I would have agreed with you.
    May 25, 2012. 03:40 PM | Likes Like |Link to Comment
  • Maybe It's The Apron Color [View article]
    I guess it's hard to not have a certain bias towards a company that has turned $30,000 of your dollars into $600,000 and may if things go right turn it into a $1,000,000. If HD were to do that you would probably see a lot of bias towards it as well. Any stock that did that would receive that much attention. When Apple was $200 I was advised to sell, people were saying "it will never get to $300." Now I hear it will not get to $1,000. Maybe it won't but I think it will.
    I am always willing to consider different outlooks. I may disagree but to dismiss them just because they are different would be a big mistake. You mentioned GMCR and NFLX as momentum stocks gone bad. There is a huge difference between them and Apple. GMCR had severe accounting issues. I still don't understand how investors couldn't see what the debt would do to Netflix. I never invested in either and won't.
    May 25, 2012. 12:49 PM | Likes Like |Link to Comment
  • What's Better? Dividends Or Covered Calls [View article]
    I have a Fidelity account. How do you get that pricing?
    May 25, 2012. 08:43 AM | Likes Like |Link to Comment
  • Banking Massive Pandora Gains, Getting Aggressive With Lululemon [View article]
    Interesting company, loyal following, hopefully it will continue to grow. The forward PE of 41 seems a bit high to me. Is it justified?
    May 25, 2012. 07:58 AM | 1 Like Like |Link to Comment
  • Maybe It's The Apron Color [View article]
    Interesting article. Personally I feel Apple has more potential going forward than Home Depot for most of the same reasons that have been mentioned already. I have made much more holding Apple and trading options on it than I have Home Depot.

    From other posts you have written I know that you do a lot of trades and to do so you must own a handful of stocks. Since you don't own Home Depot or Apple you must think there are better investments than both of them. What do you see as better right now?
    May 25, 2012. 07:30 AM | Likes Like |Link to Comment
  • Are You Too Proud To Collect Crumbs? [View article]
    I use the web trader they have, it's probably similar. One other thing I like about them is they don't charge an assignment fee like some other firms do. I also have a Fidelity account which I use for research so I don't pay for research at IB which is extra.
    May 25, 2012. 06:33 AM | Likes Like |Link to Comment
  • Are You Too Proud To Collect Crumbs? [View article]
    You should look at Interactive Brokers. I use them for my "Crummy" trades. Stock trades are $1, options a little more based on the number of Contracts.
    May 24, 2012. 11:54 AM | Likes Like |Link to Comment
  • Double Dipping Dividends [View article]
    A great technique. I have tried it a couple of times and got called away each time. What stocks do you see as likely candidates in the ner term.?
    May 23, 2012. 07:55 PM | Likes Like |Link to Comment