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  • CEFL Dividend Stable, Yield At 23.8% On Lower Price  [View article]
    How about CLM? It's NAV is going down as it continually pays out at 20% dividend. but the fund is made up of all the major companies in the USA and Europe. Doesn't the declining NAV have to stop declining at some point?
    Dec 27, 2015. 09:55 AM | Likes Like |Link to Comment
  • CEFL Dividend Stable, Yield At 23.8% On Lower Price  [View article]
    Why is the declining NAV such an issue? Doesn't it have to stop decllning at some point? CLM is made up of the major companies around the world. GE isn't going to vanish. nor Ford or Exxon. MORL has great reits under it's belt. CEFL lots of closed end funds. BDCL the same for business development companies. As long as they pay a hefty dividend,( like 20%), and you're not planning to sell, why is the declining NAV an issue? It can't go down to zeor, can it? And if the dividend drops, find another 20 percenter.
    Dec 26, 2015. 11:56 AM | 1 Like Like |Link to Comment
  • 7 Reasons Why I Finally Bought Shares Of Prospect Capital  [View article]
    Why not buy BDCL, with its 2x leveraged dividend, and collect the high dividends from ALL the BDCs?
    Dec 3, 2015. 08:54 AM | Likes Like |Link to Comment
  • Equity CEFs: Where Are The Best CEF Opportunities Now?  [View article]
    Hi. How about CEFL? Isn't this the best of all possible words. A selection of CEFs and a whooping dividend to boot?
    Oct 19, 2015. 10:25 AM | Likes Like |Link to Comment
  • Dividends & Income Digest: Is The BDC Sector In Oversold Territory With An Average Yield Of 11.5%?  [View article]
    How about a 2X Leveraged fund like BDCL? It throws off a great dividend (18% or so), and covers the whole array of BDCs.
    Sep 21, 2015. 10:23 AM | Likes Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment: Update #2, 13 Months Later  [View article]
    I did a five year comparison of the below stocks, their growth plus dividends (not reinvested) Most declined, but the dividends made up for it.
    Am i missing something?
    .ATT. 1000 +300(growth) +250(5%dividends) =$1550
    CLM. 1000 -200(growth) +1000(20%dividends) =$1800
    PHK. 1000 -300(growth) +600(15%dividends) =$1300
    NYMT. 1000 +100(growth) +700(16%dividends) =$1850
    WMC. 1000 -300(growth) +1000(20%dividends) =$1700
    CEFL. 1000 -150(growth) +1000(20%dividends) =$1850
    BDCL. 1000 -160(growth) +1000(20%dividends =$1840
    MORL. 1000 -300(growth +1200(22%dividends) =$1900
    SMHD. 1000 -300 (growth +900 (19%dividend) =1600
    Aug 30, 2015. 10:57 AM | 1 Like Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment: Update #2, 13 Months Later  [View article]
    A very nice analysis of MORL.
    Now how about an old retired geezer like me. I just want the dividends, and won't sell or pay attention to the decline as long as the dividends keep coming in. Wouldn't MORL and some of the other 2x leveraged funds (CEFL, BDCL, SMHD) be ideal?
    Aug 29, 2015. 02:57 PM | 4 Likes Like |Link to Comment
  • PIMCO High Income Fund: Is The Pain Over?  [View article]

    Let me try and clarify the points you makes, as I see them.

    First of all, Return of Capital is a tax category. The dividends are listed on line 3 of your 1099 form as “nondividend distributions.”
    At some point in the future, the amount of those ‘dividends’ will equal your investment in the company. When that happens, the company does not go out of business. Nor does it stop paying dividends to you or anyone else. But the dividend you now receive are now “ordinary’ or ‘qualified’, and thus you now pay taxes on them (And the amount you received which was not taxable will be when you sell the stock. Of course, if you don’t sell….).
    Second, once I get past the numbers you are tossing around, I look for the questions which you, me, and others fail to answer. To wit, how can a company pay out more in dividend that then receive in income? It’s NAV, and often it’s price, will keep declining and declining, I would assume.
    Three: Let’s put two stocks I referred to in my previous note, ATT and CLM. Put then into a Roth, where the growth is tax free. A thousand dollars in ATT, over five years, grew by $300 and paid $250 in dividends. That Roth grew by $1550. A thousand dollars in CLM, over five years declined by $200, but generated $1000 in dividends. Total gain in that Roth would be $1800. Although not in a Roth, I like the second option.
    Fourth: You could have suggested taking those outsized dividends and putting them into stocks where the NAV increases, or the price of the stock grows, although with a small dividend.
    I tend to do a bit in the fourth category, but not much, since the declining NAV in my portfolio (CLM, CRF, BDCL, MORL, CEFL) is generating 15 to 20% in dividends yearly. But is, of course, is running into the statistical reality of my longevity. Whatever’s left goes to my University.
    If I was a young buck, some of your comments make sense. But as an old chief, keep that wampum coming!
    Aug 11, 2015. 09:54 AM | Likes Like |Link to Comment
  • PIMCO High Income Fund: Is The Pain Over?  [View article]
    i agree with you on PLK. The risk of a lowered dividend seems real.
    Now, at my age (unfortunatel, a statistical reality. As Casey Stengel once said, "Everyone i know is dead"), I'm less interest in the NAV than in receiving the dividends. And my small portfolio does that (NMM, BDCL, CEFL, MORL, a few others).
    Regarding returning my principle every month, when they get finished returning my principle, my dividends continue, so I must be getting someone else's principle.
    Now will the price of my stocsk slowly decline and eventually I'm in big trouble. That's the long run, and as J.M. Keynes said....
    Meanwhile, i enjoying my increasing income (I reinvest, of course), while i may be walking the plank.
    Aug 10, 2015. 03:30 PM | 2 Likes Like |Link to Comment
  • PIMCO High Income Fund: Is The Pain Over?  [View article]
    Hi NYer1
    I would like to respond to your "inconvenient details". It's always nice to have a dialogue. First of all, regarding PHK. Yes, if we take a thousand dollars for the last five years, it has declined to $800. But it has paid $600 in dividends, so i think I am $500 ahead. Or Cornerstone (CLM) A thousand over five years has declined $200, but paid $1000 in dividends, so am i ahead? ATT, that old reliable, GREW over five years, by $300 and paid $250 in dividends. Total gain $500. CLM is better. Even PHK is very close. To say nothing of CEFL and MORl. Their decline is more than offset by the dividends they pay.
    Incidentally, CFL's dividends, some of them, are tax deferred, so that's nice too.
    Now regarding cutting the dividend. Ah, that hits close to home. I can't control the future, but if any of my dividend stocks paying ridiculous high (15 to 20) dividend, i sell and seek another.
    Let me know what you and the others this of the 'ol professor's' reasoning.
    Aug 10, 2015. 12:26 PM | Likes Like |Link to Comment
  • PIMCO High Income Fund: Is The Pain Over?  [View article]
    Everyone has some interesting comments. All i know is that the stock price has been stable for the last five years, and I'm collecting 15% dividends. Now that's a SWAN stock!Michael
    Aug 8, 2015. 09:34 AM | 2 Likes Like |Link to Comment
  • The Millionaires' REITs That Pay Monthly Portfolio  [View article]
    As always, a most thoughtful and interesting analysis of REITS. My questions concerns MORL, which invests in most of the REITS you mention, yet provides a 2x leverage dividend. Wouldn't that meet your monthly goals?
    Jul 28, 2015. 09:49 AM | 2 Likes Like |Link to Comment
  • 50/50 Portfolio (BDCs And mREITs) High Yield 10%, H1 2015 Update  [View article]
    Hi: That was a highly cogent analysis of the aims and methods of income investing. My question is why wouldn't you emphasize MORL and BDCL, since they contain most of the other Reits and BDCs? And perhaps add CEFL and SMHD, and perhaps CLM (Cornerstone), to add to both diversification and income?
    Jul 4, 2015. 12:25 PM | Likes Like |Link to Comment
  • Which BDCs To Buy After Selling Prospect Capital?  [View article]
    How about BDCL? Wouldn't that be the best of all possible worlds?
    Jun 18, 2015. 09:25 AM | 3 Likes Like |Link to Comment
  • Cornerstone Total Return: Yield Illusion Creates Substantial Downside  [View article]
    That is the key issue for any company that pays out more in dividends than they earn. At some point, the assets must disappear, although their holdings are quite impressive.
    Jun 12, 2015. 10:16 AM | Likes Like |Link to Comment