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Ed Bickford, CPA

Ed Bickford, CPA
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  • Aviv REIT: Attractive Roll-up Opportunity In The Healthcare REIT Sector [View article]
    I bought AVIV a few days after the IPO in March. It is up 19% since then. They are scheduled to report earnings on Tuesday May 7 so hopefully there will soon be a dividend announcement. As far as I know they have yet to pay a dividend since going public.
    In his article written on April 3, Dane lists AVIV's dividend at 5.9% but i'm not sure how he calculated that.
    At that rate it would be comparable to OHI which I also own and is up 44% YTD.
    May 4, 2013. 07:00 PM | Likes Like |Link to Comment
  • American Capital Agency Is Still A Buy And Hold [View article]
    Great day to add my position. I've held AGNC for about 2 years now and see the current price as an opportunity to increase my overall portfolio yield. Once the panic sellers are done and everyone realizes the dividend will stay at the same level for the rest of the year the price should begin to work its way back up.
    May 3, 2013. 01:53 PM | Likes Like |Link to Comment
  • 4 REITs To Consider And 4 To Avoid [View article]
    WmHilger1 - I like your tenacity, my investment style is similar to yours and I hope at 82 I'm able to do as well as you are. I'd love to see that list of REIT's you hold.
    Apr 27, 2013. 12:53 PM | Likes Like |Link to Comment
  • Don't Get Suckered By This Popular High-Yield Investment [View article]
    David - Well done! What are you buying now?
    Apr 27, 2013. 12:42 PM | Likes Like |Link to Comment
  • Team Alpha Retirement Portfolio: Impressive Returns Plus Impressive Dividend Hikes [View article]
    TAS - I hold both of them as well and will continue to hold them. For me they are worth the little extra work.
    Regarded Solutions gave you good advice: "...not let that distract from a sound investment."
    Apr 27, 2013. 12:16 PM | 1 Like Like |Link to Comment
  • Waiting Patiently For A Blue Chip REIT Pullback [View article]
    Brad - Looking at O I see it's P/FFO is currently 21.2 which is 54% above its normal P/FFO of 13.7%. OHI is 15.8 which is 36% above its normal of 11.6. Is there enough difference in the risk to make O a better choice?
    Just to be clear I'm not questioning your opinion just trying to understand how to quantify it.
    Apr 27, 2013. 11:58 AM | 2 Likes Like |Link to Comment
  • MLPs -- Part 7: MLP Investor Taxation [View article]
    I think you missed my point entirely. I fail to see how what you invest your IRA or 401K money in will ever result in an audit of your individual tax return.
    Apr 27, 2013. 11:18 AM | 2 Likes Like |Link to Comment
  • Waiting Patiently For A Blue Chip REIT Pullback [View article]
    "Big price waves are fun, if you learn to surf and have the Income to float in a wipeout."

    Love that comment - I'm riding the same waves but every so often I get knocked down by a wave I didn't see coming!
    Apr 26, 2013. 01:17 PM | 1 Like Like |Link to Comment
  • Waiting Patiently For A Blue Chip REIT Pullback [View article]
    I tend to agree with you, I will look at O as a possible addition. I do like having exposure to the long term healthcare sector as I see continued growth in the future. Any other REIT's in that sector on your radar?
    Apr 26, 2013. 09:04 AM | Likes Like |Link to Comment
  • MLPs -- Part 7: MLP Investor Taxation [View article]
    Greg - I've invested in several MLP's in tax advantaged accounts and have never had an audit issue. I seriously doubt that would raise your risk of an audit. There are tax issues involved when holding MLP's in IRA's or 401K's which you need to be aware of and Reel Ken has written about them several times in detail. If you can afford the time to develop an understanding of the issues the extra yield is worth the time.
    Apr 26, 2013. 08:55 AM | Likes Like |Link to Comment
  • Waiting Patiently For A Blue Chip REIT Pullback [View article]
    Brad- Another Excellent Article!

    When to take profits and wait for a pullback is always a tough question.

    Last November I bought OHI after reading your article and it's up 44% since then. Very good recommendation! Do you think it's time to take profits or does it still have room to run?
    Apr 26, 2013. 08:46 AM | Likes Like |Link to Comment
  • Obama's Proposed IRA Cap: Sending The Wrong Message? [View article]
    Robert - that's a great idea! - You dreamer.......
    Apr 24, 2013. 01:45 PM | 2 Likes Like |Link to Comment
  • MLPs - A Reality Check ? [View article]
    factsmatter - There is a lot of merit to having a flat tax of 25%. Unfortunately the impact on the poor that currently pay less than that would be so great it will probably never happen.
    Apr 7, 2013. 08:08 PM | 1 Like Like |Link to Comment
  • Note on Own REITs and MLPs in a Tax Deferred Account [View instapost]
    No, its not a withdrawal. The tax is owed by the IRA.
    Apr 5, 2013. 02:37 PM | Likes Like |Link to Comment
  • MLPs - A Reality Check ? [View article]
    "You have to attribute it to something?"

    Yes, that "something" is the nature of being a partner in a business versus being an investor.

    The taxation that occurs on the final sale is based on the gain from that sale. Whatever that gain is determines how much is being taxed. In your example the gain that was realized was 200K. The way that 200K is taxed is determined by the transactions that occurred in the past. If you had the benefit of depreciation in the past then part of your gain is ordinary income.

    The reason for that is that depreciation when deducted is deducted from ordinary income. If it were not deducted by the partnership you would have had ordinary income passed through to you that would have been taxed at ordinary rates. You are a partner in that business and as a partner the income of that partnership is ordinary income. There may be capital gains that are passed through which would be taxed as such but the bulk of the income is ordinary. You receive the benefit of that deferral created by the depreciation over the life of your investment. At the end you are never taxed on more than your gain on that investment. That is why there is no double taxation. If you invest in real estate you will find the same treatment on your sale.
    Apr 5, 2013. 01:22 PM | 1 Like Like |Link to Comment