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  • Annual Dividend Income Increases Since Portfolio Inception  [View instapost]
    Aloha GGjr,

    I've been following your portfolio here for several months now and I hold some of these names myself for the cash flow. I like to collect dividends (or distributions) like I like to collect rent from real estate... can't eat an increase in land or stock price.
    A question I have for you is about the options... I am a bit of a novice but want to learn more to incorporate the them into my overall strategy to increase my income. Using LNCO as an example, since you can't write options on the ETNs etc., it seems to me that the option strategy relies on selling ITM calls right after you purchase the stock. Correct? I see that you sold the very long dated calls and I was hoping you might elaborate a bit more on the hows and whys of 1) long dated calls vs sooner expiration 2) ITM vs OTM for this strategy & 3) what about writing calls on a position that might be very much underwater on a price per share? Just book the loss if the stock is called away? and buy more after 30 days to sell new calls? 4) are you selling puts as well with the intent of adding to a position?

    Jul 7, 2015. 03:50 PM | Likes Like |Link to Comment
  • Accounting Armageddon: Should You Dump Your American Realty Stake And Run For The Hills?  [View article]
    I didn't double down, but I did go half again more. While the accounting news is disappointing, I agree, the haircut is overblown. Have patience and let the leases escalate every year on schedule.
    Oct 31, 2014. 04:48 PM | 1 Like Like |Link to Comment
  • Chimera Investment Corporation: Very Impressive  [View article]
    Nice article, minor comment: In your Table 1 you refer to Economic book value ($3.09) but in the following paragraph "Book Value" you are referring to GAAP book value ($3.35) but not discussing the difference for the reader; the numbers read inconsistent. Perhaps just drop the GAAP figure and stick with the economic book figure for your analysis? Otherwise, good article... I got out of CIM with a small gain + dividends when they couldn't figure out how to report their financials a while back. I'm not a big fan of a company that has trouble with that.
    Oct 17, 2014. 01:49 PM | 1 Like Like |Link to Comment
  • A New 2x ETN From ETRACS Focuses On High Dividends And Low Volatility  [View article]
    As I understand it, the ETN pays out what is equivalent to "interest" therefore it is considered ordinary income.
    Oct 1, 2014. 11:17 PM | 1 Like Like |Link to Comment
  • Look At These Juicy Yields - Are They Really Appropriate For Your Retirement Portfolios?  [View article]
    Aloha Chuck,

    Nice article but I have a question: Why did you chose P/E in your analysis of NLY and P/FFO in your analysis of Realty Income? Are they both not REITs? Isn't P/FFO the most appropriate metric for both REITs?

    Sep 11, 2014. 01:59 PM | Likes Like |Link to Comment
  • High-Yield BDCs For Q3 2014: Part 3  [View article]
    I've had no issues trading any of the 2x ETRACS ETNs with Interactive Brokers.
    Aug 13, 2014. 02:30 PM | Likes Like |Link to Comment
  • Will The High Premiums For The PIMCO High Income Fund Continue To Erode?  [View article]
    Aloha Left-
    I enjoyed the article and also your recent articles about the ETRACS ETNs. I agree with your point of view on the premium for some of these PIMCO funds. If the distributions were growing that would be one thing, but I can't understand such a high premium for a brand name. I'd like to see PHK and PTY (which actually did increase distributions in '11 or '12) come down a little bit more before adding to CEFL; IMHO it's the premium in PHK that tanked CEFL the past few days. Keep up the good work.
    Aug 7, 2014. 11:18 PM | Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio Delivers 8.8% Of Income For This Retiree  [View article]
    Most people follow the "don't put all your eggs in one basket" mantra (above comments echo that), few follow "keep only your best eggs and guard that basket with your life". The argument for the former is diversification; the argument for the latter is to stay within your core competence and focus your efforts. Typically the "guard the basket with your life" approach is reserved for business owners, entrepreneurs, and real estate developers that actually have control over the business decisions and hands on management of the business. I say good luck to you sir and I will follow with interest.
    Jul 24, 2014. 05:46 PM | 4 Likes Like |Link to Comment
  • Just How Risky Is High-Yield Dividend Investing?  [View article]
    Good Read Adam. Should be Editor's pick.
    Jul 3, 2014. 08:18 PM | 2 Likes Like |Link to Comment
  • Don't Let Income Strategy Bias Intimidate You  [View article]
    Funny, I keep a similar tracking spreadsheet and forecast income growth YoY.
    Mar 31, 2014. 02:44 PM | 2 Likes Like |Link to Comment
  • Don't Let Income Strategy Bias Intimidate You  [View article]
    Adam... I don't comment much anymore, but great article. This passage hit home for me:

    "Therefore, when he states, "there doesn't appear to be any advantages to a strategy of investing in dividend-paying stocks," I think he misses the point of what a dividend payment represents and why some investors are highly attuned to receiving them."

    I look at it this way, at some point when the dividend payments grow (however you choose to grow them) beyond your needs to support your way of life, you've reached the finish line in the rat race and trading your time for income becomes optional. Dividend payments can be actual dividends paid from stocks, or it could be a portion of rent you collect that you pay to yourself, whatever you want to call it, passive income. Some people are more interested in creating and growing passive income from investments than trying to eek out every last % of total return. Beauty is in the eye of the beholder.
    Mar 26, 2014. 02:19 PM | 3 Likes Like |Link to Comment
  • Bovie Medical: Buy The Business, Get A Multi-Billion Dollar Product Pipeline Free  [View article]
    Thanks for the update.
    Mar 24, 2014. 02:03 PM | Likes Like |Link to Comment
  • Oxford Lane Capital's Holiday Surprise: 9% Dividend Increase Plus Bonus Payment  [View article]

    I figured the rights offering was a week+ before the ex-date so that current investors could benefit from having the extra shares before the dividend and special dividend next week.
    Mar 7, 2014. 01:37 PM | 1 Like Like |Link to Comment
  • Oxford Lane Capital's Holiday Surprise: 9% Dividend Increase Plus Bonus Payment  [View article]
    Any thoughts on when they might be distributing the shares? I figured 3-4 days tops.
    Mar 7, 2014. 01:05 PM | Likes Like |Link to Comment
  • Review Of 2013: Why My 9% Yield Excites Me More Than My 18% Total Return  [View article]
    I was wondering why OXLC jumped today.
    Feb 19, 2014. 07:07 PM | Likes Like |Link to Comment