grinninbrit71

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    • Fri Nov 14th 16:59 PM | Rating: 0 0
      Commented on:
      Eight Monthly High-Yield Dividend Stocks
      Uh-oh, maybe I need to retract my vote for the author being fair and thoughtful. The first fund highlighted in his list was BIF. They announced this week their entire "dividend" is going BYE-BYE. So I go to cefa.com and look up its detailed information. There are 2 numbers listed, one is "distribution yield" and the other is "income yield". Distribution yield was 25% and income yield was 1%. So I guess that distribution yield is actually "fake" income, return-of-capital. Meant to entice investors in so they can soak up their management fee. And now whooooooosh, its all gone. Swell.
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    • Sun Nov 9th 16:40 PM | Rating: 0 0
      Commented on:
      Eight Monthly High-Yield Dividend Stocks
      I haven't had time to follow up and investigate the compostion of the yields. But your article seems fair and thoughtful so I suspect your not one of those that advertise return-of-capital as dividend or yield are you ? There are a lot of deceptive articles out there that lead more simple investors into thinking they can get returns on investment in the double-digits and even 20%+. These funds you speak of are paying these returns purely from income, is that correct?
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    • Thu Oct 23rd 18:46 PM | Rating: 0 0
      Commented on:
      Cohen & Steers: CEF 'Spring-Loaded' in Market Recovery
      this is a crazy article... its a good spring-loaded vehicle for a market recovery because even at a 6% premium, it "effectively"... trades at a discount because its components trade at a discount.

      well yeah, thats true... but then again just buying the components saves you the 6% overpayment and the annual management fee's of the fund (which of course the investor has to absorb in addition to the large management fee's that component CEF's often charge too.)

      go find its top 10 holdings and buy those yourself, forget the vehicle holding them selling at a premium... unless of course this vehicle moves to a nice 10-20% discount while at the same time the components are at reasonable discounts of 10-20%

      also remember that while discounts now are very large compared to the prem/discount landscape of the last 10-15 years.... you need to throw the last 10-15 years out !!!! these are junk bubble years. CEF's have been around since the great depression. go back and look at the long history excluding the wacko 90's-00's. 10-20% discounts are the norm.

      so now that the components are at 10-20% discounts, assume that to be "par". so if you really want a "parent" holding of these funds, and that parent wants to charge you 1% a year management fees, perhaps a 10% discount of FOF would make it a reasonable buy. That would then make this article more spot-on.
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    • Wed Oct 15th 17:43 PM | Rating: 0 0
      Commented on:
      Utilities Beginning to Generate Interest for Longs
      Worth a beginning look perhaps... but be careful. There was definitely massive over-valuation in the utility sector over the last few years. Look at how utilities performed before that, and they can often be analzed as an interest-rate vehicle. What type of dividends do they pay in relation to bond classes? While its true the garden-variety recession might result in this sector being a reasonable place to park, what we have coming could be dramatically different. Both in the level of reduced consumption and in sharply increased long-term bond rates due to the most MASSIVE injections of government currency ever. Take a look at how another sector which is seemingly another good place to look is getting slammed, muni-bonds. The market seems to be starting to incorporate much heightened long term rate concerns. There have been many times when a rise in long-term yields results in utilities yields (dividends) going up in tandem as their prices going down. Yes, keep your eyes on this... nibble perhaps.... but be VERY careful.
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    • Sun Sep 14th 17:47 PM | Rating: 0 0
      Commented on:
      Cornerstone's Monthly Dividend Payments: Don't Be Fooled
      Amazing how the long's still call these large payments "dividends" They are large, but mostly return-of-capital... meaningless other than to confuse people that are willing to invest but not willing to take accounting 101 to understand that most complex of terms called "income."

      Angry at the media ? Why because they haven't educated the public enough on the words Income or Ponzi ?

      In the classical sense this isn't Ponzi because assets match liabilities. But at the same time one of the "Cornerstone's&qu... of Ponzi schemes is the payment of an aggressively large distribution which is not "income" but rather return-of-capital. Greed then runs rampant. Of course in a true Ponzi scheme, that information isn't typically advertised to investors. This is the genius of this fund. Just go ahead and fully disclose all over the place that its return of capital, but investors will have enough greed to overlook that tiny fact....... So amazingly simple!

      Interesting question from "Dividend Growth Investor" as to whether this fund is investing in il-liquid securities to have traded at such wild premiums and for so long. Amazing is yet again, right on! Pure S&P large cap vanilla holdings. For something with vanilla holdings to hang so inefficiently over the edge of the cliff for YEARS indicates either illegal manipulation/market relationships or just terrible design of the market and its regulations. That guys mad at the media and not the SEC for letting this sadness develop? Of course, again, the genius here is that all was fully disclosed, makes it hard for the SEC to care !!!!!!

      Greedy songbirds will chirp to no end. And the songbird isn't the original poster, but anyone who ever suggested to a fellow citizen to buy this at a massive premium, selling them on this muck.

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    • Sat Mar 22nd 23:57 PM | Rating: 0 0
      Commented on:
      Seven High-YieldingTax Exempt Dividend Stocks
      author has approached an interesting investing group, muni cef's, but really done a pretty poor job with his recommendations. Most of what he is recommending is trading between moderate premium to NAV and outrageous premium to NAV, all to yield a few tenths of a percent more than CEF Muni's currently trading at decent discounts at NAV. Rather than tossing out my recommendations you need to due your due diligence at www.etfconnect.com go to fund sorter, closed-end fund, discount. Not necessarily saying to just pick the largest discount to NAV, as there are some that have far too low of a yield... however there are plenty with 10% discounts and very good yields.
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