rkay48

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    • Wed May 7th 21:11 PM | Rating: 0 0
      Commented on:
      Penn West Energy Trust: An Underappreciated Gem
      CHeck the tax situation in Canada. PWE and most Canroys took a bit hit a year and a half ago when Canada passed a law removing much of the advantageous tax rate for Canroys. The stocks have a couple of years before the new taxes kick in, so it is not all clear that these yields will be sustainable. There are many other ways to invest in increasing oil/gas prices, so don't limit yourself to Canroys....
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    • Fri Mar 28th 22:43 PM | Rating: 0 0
      Commented on:
      8 High-Yielding Stocks for Income Investors
      I like dividends (I own PWE), but prefer to let good MFund managers pick the best values. Some funds I own have some yield (2-3%), but also give me some growth. I own conservative funds, some of which hold cash/bonds: OAKBX, PRWCX (which are still open), and MACSX, MDISX, MQIFX, SGIIX (which are closed or have sales loads now).
      One fact folks seem to lose sight of is that when a stock pays a dividend its price is reduced a corresponding amount. That's OK, as long as the stock is growing (PG is a good example). Also, as the case of PWE shows (I bought before the wonderful tax change by Canadian politicos), individual stocks present more risk.
      You pays your money and takes your choice, to be sure. But I think simply chasing yield can be dangerous to your portfolio.
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    • Fri Mar 7th 11:39 AM | Rating: 0 0
      Commented on:
      Some Muni Bonds Appear Screaming Buys Here
      I currently own NUV, which is a closed end fund that has NO leverage. It has been rising recently, and I assume this is because of a flight to quality and away from leverage, even in the Muni market. The average duration is relatively short (6+yrs), and the average credit rating is AA (but I do not know how many of the "AAA" bonds it holds are insured....). Not sure I would buy it here, because the discount to NAV has decreased to only 0.2%.
      Also, as traders look for assets to sell, this will keep pressure on all "safe" types of bonds.
      View article »
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